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Business
April 13, 2020
Unions Speak Against Casino Layoffs as Federal Stimulus Comes to Rescue
Union leaders in New Jersey have criticized casinos’ decisions to lay off thousands of workers despite the fact most of these companies are eligible for financial stimulus and help from the government. Unions and Casino Workers Unhappy with Layoffs With the casino stock battered by the nation-wide lockdown, casino companies will be entitled to a […]
Business
April 12, 2020
Las Vegas Sands Founder Sheldon Adelson in Forbes 2020 Billionaires Top 30
The annual list of the world’s richest people, the Forbes Billionaires 2020, showed the highest ranked casino entrepreneur is still the founder and chairman of Las Vegas Sands, Sheldon Adelson. The 86-year old casino tycoon has a net worth of $26.8 billion and stands on the 28th spot in the ranking list. Las Vegas Sands […]
Business
April 10, 2020
Kindred Cuts 75 Jobs, Adapts to New Market Realities
Adapting to new market realities, Kindred Group is shedding 75 jobs across its offices in Europe. Outgoing employees will receive the support they need and deserve, the Group said. Kindred Group Announces 75 Job Redundancies in Europe Malta-headquarter provider of iGaming solutions, Kindred Group, will lay off as many as 75 employees around the world, […]
Business
April 8, 2020
Wynn Spends $3.5M a Day to Keep Employees in COVID-19 Outbreak
The novel coronavirus (COVID-19) pandemic has brought the majority of casino operations to a halt in the United States, putting unprecedented pressure on business. However, Wynn Resorts has decided to keep on paying its 15,000 employees through May 15. The company is spending $3.5 million a day to meet this pledge. Wynn Resorts Continues to […]
Business
April 7, 2020
Tabcorp Trims Costs by Temporary Layoffs, More Than 700 Employees Affected
Tabcorp, the Australian lottery and gaming provider, has introduced cost reduction measures to respond to the negative impact on its revenue due to the coronavirus spread, that included the temporary layoff of more than 700 employees. Yet, the full extent of the blow the company is taking from the ongoing health crisis on its bottom […]
Business
April 3, 2020
All US Wynn Resort’s Employees to Receive Payment till May 15
Amid the ongoing COVID-19 pandemic in the US, while Nevada extends the stay-at-home order, Wynn Resorts is taking action to help the company’s employees. Growing COVID-19 Pandemic Keeps Casinos Closed till End of April Wednesday, 1st of April – Nevada Gov. Steve Sisolak announced the extending of the stay-at-home order through April. The order being […]
Business
April 1, 2020
Gambling Advertising Limited in Spain Due to COVID-19
Spanish government limits advertising and online gaming marketing while the COVID-19 outbreak continues to grow. Spanish Government Limiting Gaming Advertising Following the gambling marketing regulations implemented by the Spanish government in February 2020, a new article was published in Spain’s Official Gazette this Tuesday (Mar 31). The Royal Decree article 37,11/2020 limits the communication of […]
Business
April 1, 2020
DC Lottery Sports Book Launch Date Pushed Back Again
The Office of Lottery and Gaming in the District of Columbia has announced the planned for the end of March launch of sports betting has been postponed again, this time, for an indefinite amount of time. In a world where all of the major sporting events have been cancelled or postponed due to the coronavirus […]
Business
March 31, 2020
Cyberattack Hits SBTech, Websites Offline Last Weekend
Cyberattack on SBTech caused the supplier to temporarily suspend service to more than 50 websites over the last weekend. SBTech Hit by Cyberattack A potential security threat to SBTech was detected by their monitoring system late on Friday, March 27. The cyberattack was quickly identified as a serious one and flagged, which resulted in the […]
Business
March 31, 2020
Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger
The mega-merger deal between Irish-based Flutter Entertainment and Canadian-headquartered The Stars Group /TSG/ has moved one step ahead as the Competition and Markets Authority /CMA/ in the UK has given “unconditional phase one clearance” to the proposed combination. The owner of Paddy Power Betfair exchange, Flutter Entertainment, and the owner of Sky Bet, The Stars […]