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Business
August 5, 2021
Federal Judge Revives Steve Wynn-tied Lawsuit Against Wynn Resorts
A Nevada federal judge revived a securities fraud lawsuit in which executives at Wynn Resorts were well aware of some reports concerning misconduct and sexual harassment against Steve Wynn, the casino operator’s founder and former CEO. According to the allegations, even though the executives knew about these events, they chose to disregard them. Andrew Gordon, […]
Business
August 4, 2021
VICI Properties to Acquire MGM Growth Properties for $17.2B
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]
Business
August 4, 2021
Betcha Teams with FantasyGuru in Content Partnership Deal
Daily fantasy and sports gaming technology platform Betcha entered into a co-exclusive content partnership deal with FantasyGuru, a leading fantasy sports information provider, which owns a trio of websites. ‘Win-Win for Customers’ The content agreement reached between the operator of FantasyGuru.com, EliteFantasy.com, and EliteSportsData.com and Betcha comes with a match-up bonus of up to $100 […]
Business
August 4, 2021
IGT Back to Pre-pandemic Levels with Revenue Increase in Q2
International Game Technology PLC (IGT ), a multinational gaming company, has reported a profitable Q2 and a recovering global gaming division and remains confident in its 2021 commercial strategy. IGT with 74% Yearly Increase in Revenue IGT Plc has reported a yearly increase in revenue of 74% to $1 billion against the $600 million from […]
Business
August 4, 2021
Sports Betting Kiosks in DC Prove to Be a Smashing Success
A new program released by the D.C. Lottery has proven to be a good success. The retail program, which was released at the end of July, allows residents of legal age to place bets on sports at four sports bars by using a self-service kiosk. The four bars included in the initial pilot are Takoma […]
Business
August 4, 2021
Genius to Support British Columbia Lottery Corp’s Sports Betting Ops
With new sports betting options in Canada right around the corner, there’s no shortage of interest in tackling the expanded market. Provinces are gearing up for a launch that will happen soon, and the British Columbia Lottery Corp. (BCLC) is ready. It has tapped Genius Sports as its official data provider, a significant win for […]
Business
August 4, 2021
BetRegal Named CFL’s Official Sport Gaming Partner
A Canadian-based gaming operator which made its debut on European markets is continuing to expand its home presence after a multi-year partnership with the Canadian Football League (CFL). Getting Back to Its Roots BetRegal and the CFL teamed up in a long-term partnership that made the sports betting firm the Official Sports Gaming Partner of […]
Business
August 4, 2021
Crown Resorts Set to Part Ways with Helen Coonan, Xavier Walsh
The shakeup of personnel in the upper ranks of Crown Resorts in Australia continues. As the casino operator tries everything it can to hang onto its gaming license in the state of Victoria, Crown Melbourne CEO Xavier Walsh is being forced to distance himself from the company. It has also been reported that Crown’s executive […]
Business
August 3, 2021
Paf Adds two Swedish Licensees to Portfolio
The Swedish-licensed gaming companies Speedy Ltd and Speedy Originals, previously owned by Hero Gaming, are now part of Paf’s portfolio. Paf Becomes One of Sweden’s Top Six Gaming Companies Åland Islands-based gaming company Paf has bought the Swedish licensed gaming companies Speedy Ltd and Speedy Originals from Hero Gaming. Thus, Paf is adding the gaming sites Speedy Casino, Speedybet, and Speedyspel to its portfolio. The deal is aimed at positioning the gaming operator […]
Business
August 3, 2021
MGM Donates Land for Memorial at Site of Mandalay Bay Shooting
MGM has donated two acres for a permanent memorial in honor of the victims of the 2017 Las Vegas mass shooting. MGM Resort International Donates 2 Acres for a Memorial On Monday, Clark County officials announced that MGM Resort International has donated two acres of privately owned land for a permanent memorial honoring the victims […]