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Business
November 5, 2024
Wynn Resorts Remains Optimistic on UAE Expansion Despite Underwhelming Q3 Results
Despite an unimpressive third-quarter earnings report, Wynn Resorts is doubling down on its ambitious expansion into the UAE, specifically through its landmark Wynn Al Marjan Island project in Ras Al Khaimah. CEO Craig Billings was optimistic about the UAE project, set to launch in 2027, as the operator expects it to usher in a new […]
Business
November 4, 2024
Bally’s Unloading Asia Digital Gaming Division
A Form 8-K filing with the Securities and Exchange Commission has detailed the company’s plans for its Asian gaming division, with the company not expecting the deal to have a “neutral” impact on its earnings before interest, taxes, depreciation, and amortization or EBITDA. Bally’s Sheds Asian Business to Refocus Operations Bally’s is selling the division […]
Business
November 1, 2024
Sky Bet Discontinues #RequestABet Service
Sky Bet, a British-based gambling company, announced the end of the #RequestABet service. While certain similar services will still be available on the operator’s official website, the X-based service will no longer be supported. The X Account Will No Longer Be Monitored #RequestABet was an X/Twitter service that monitored customers’ requests for certain non-existing betting […]
Business
November 1, 2024
Bingo Blitz Adds to the Holiday Magic with Christmas-Themed Collaborations
With Halloween out of the way, Bingo Blitz, a fan-favorite free-to-play bingo operator, is already preparing for the winter holidays. As Christmas approaches, the company announced its plan to leverage its partnership with Hallmark Channel to provide visitors to the latter company’s upcoming cruise with exciting games. The company also themed with famed actress Drew […]
Business
November 1, 2024
RSI Posts Strong Q3 Report, Boosts FY Guidance
Leading gaming and betting operator Rush Street Interactive (RSI), published its financials for the quarter ended September 30, outlining a vast increase in revenue and income. Because of the strong performance, Rush Street Interactive updated its guidance to reflect its current forecasts. RSI Posts Strong Metrics Across the Board Rush Street Interactive reported $232.1 million […]
Business
October 31, 2024
Crown Resorts Names Veteran IR Executive David Tsai as CEO
Australian casino and hospitality giant Crown Resorts announced the appointment of a new chief executive officer. The appointee will step into the office amid the business’ recovery in the wake of regulatory scrutiny. A Proven IR Executive Joins Crown as CEO As announced by Crown Resorts’ board of directors, it has selected David Tsai as […]
Business
October 31, 2024
UKGC Reports 11% GGY Boost Amid Record High Slot Revenue
The latest market overview published by the UK Gambling Commission has reported a gross gambling yield (GGY) of £1.32 billion ($1.71 billion) in the three months to 30 September. The increase was primarily triggered by a recorded 16% uptick in online slot activity among UK gamblers, which propelled slot revenue to a record high. Over […]
Business
October 31, 2024
MGM Posts Record Q3 Metrics, Reports Share-Buyback Progress
MGM Resorts International posted its Q3 report, outlining record-breaking revenue figures. The quarter also saw MGM make progress with its share buyback program. The Company’s Metrics Surged In the third quarter of the year, the international casino and hospitality powerhouse reported record-breaking results, underpinned by high hotel occupancy. Consolidated net revenues hit $4.2 billion, marking […]
Business
October 31, 2024
Lottomatica’s Q3 Results Show Strong Online Growth Amid Market Expansion
Lottomatica Group saw its numbers soar in the third quarter of 2024, with big gains in key areas even though there were some challenges in terms of profit. Lottomatica Reports 19% Revenue Surge to €1.42 Billion, Fueled by Strategic Acquisitions Italian gaming giant Lottomatica, after growing its market presence by buying other companies, showed off […]
Business
October 30, 2024
Better Collective Cuts Team Due to Business Struggles
Jesper Søgaard, Better Collective’s co-founder and chief executive officer, announced his company’s plans to part ways with some of its team members. This difficult decision came amid the company’s recent cost base adjustment and financial targets downgrade. Emotional Days for the Company Søgaard described the past few days as “emotional,” adding that he regrets to […]
