Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
Business
August 26, 2022
US Integrity Announces New Partnership with Thrill One
Provider of sports betting monitoring services US Integrity has announced one more in a line of partnership agreements it has made with various gaming companies and casinos, which offer sportsbooks. The firm’s latest agreement is with Thrill One Sports & Entertainment, which is going to launch sports wagering under its brand Nitro Rallycross. Thrill One […]
Business
August 26, 2022
Las Vegas Welcomes FanDuel By Year’s End
Although FanDuel’s name will be a driving force in Fremont’s redevelopment and rebranding, the operation will still be very much Boyd’s, with FanDuel providing the odds and its expertise. Whether this will also mark a re-entry point for FanDuel’s own operations into Nevada is still undetermined. Rebranding Fremont’s Sportsbook The Nevada Gaming Commission (NGC or […]
Business
August 26, 2022
Colossus Bets Announces Big C-Level Changes
Colossus Bets is undergoing some restructuring, AGBrief reported with the sports jackpots and technology solutions provider preparing to see David O’Reilly and Eva Karagianni-Goel, both C-level executives, step down from the team. C-Level Executives Depart, Internal Talent Takes Over This will trigger internal reorganization with CTO Paula Cara Farcas taking over O’Reilly’s functions as a […]
Business
August 26, 2022
Paradise Entertainment Sees Casino Management System Revenue Decline
Paradise Entertainment continued to struggle during the second quarter of the year with Q2 2022 results once again suppressed by the lingering impact of the COVID-19 pandemic, subsequent shutdowns of properties, and reduction of operational capacity. The turbulent quarter in Macau, led to the group’s loss increasing to $12 million (HK97 million), up three times […]
Business
August 26, 2022
FanDuel Will Launch Its Very Own Sports TV Network “FanDuel TV”
US leader in gaming and sports entertainment FanDuel has announced that this September it is launching the first of its kind linear cable sports TV network and OTT platform dedicated specifically to sports betting content and airing more live sports hours than any other provider in the US. FanDuel’s Innovative Approach to Sports Content […]
Business
August 25, 2022
Rivalry Corp. Releases Q2 Report, Shows Record-Breaking Growth
Rivalry Corp., a globally renowned sports betting operator, has released its Q2 report, which states that the company’s betting handle reached C$38.4 million ($29.7 million). This represents a 98% YoY increase. Record revenue of C$5.3 million ($4.1million) or a 60% YoY increase, was also a huge milestone in the quarter. The Revenue Growth Was Completely […]
Business
August 25, 2022
AstroPay Launches VIP Program, Clients From All Around the World Can Join
AstroPay has announced its VIP Program which will provide its customers with a variety of benefits. These benefits include dedicated support, sky-high limits, unique promotions, and several other rewards. Users from all around the world will be eligible to be part of the VIP program, but they will have to meet certain requirements. The VIP […]
Business
August 25, 2022
Spreadex Fined $1.6M Over AML, Social Responsibility Breaches
Spreadex was the second company in the last two weeks to be fined by the Gambling Commission in the UK after a series of AML and social responsibility breaches were again discovered following an investigation. $1.6M Towards Socially Responsible Causes The Gambling Commission (GC) is responsible for issuing licenses and regulations to gambling operators in […]
