Business
September 23, 2024
Betfred to Exit Arizona in November as US Downsizing Continues
Betfred is continuing the downsizing of its American business, which is in line with the company’s earlier announcements. The operator has now confirmed that it will leave Arizona before the end of the year. Betfred to Put an End to Its Operation in the Grand Canyon State On Thursday, Betfred said that it will exit […]
Business
September 23, 2024
MGM Submits Application for Abu Dhabi Casino License
The recognizable gaming and hospitality giant, MGM Resorts, announced it has submitted a license application for a United Arab Emirates (UAE) casino. The Company Is Among the First to Apply for a Casino License The exciting news came during the Skift Global Forum 2024 last week. Bill Hornbuckle, MGM’s CEO, confirmed the strategic move that […]
Business
September 20, 2024
The End of an Era: Freehold Raceway to Close on December 28
Freehold Raceway, the oldest horse racing track in the United States, will be closing its doors, marking the end of an era. While the decision to shut down the track was difficult, officials said that its operation cannot continue under the current conditions. The Closure Will Mark the End of an Era Freehold Raceway is […]
Business
September 19, 2024
MGM Resorts Financially Equipped for Big Projects, Analysts Suggest
Earlier this month, the leading hospitality, gaming and entertainment company, MGM Resorts, announced it raised debt sale from $675 million to $850 million. The announcement signaled the company’s intentions to raise more money through debt than it initially anticipated. That strategic move isn’t bad by any means, especially considering MGM Resorts’ solid performance and growth […]
Business
September 19, 2024
Ainsworth Forays into Ontario’s Charitable Gaming Market
Ainsworth Game Technology (AGT) announced that it had made a foray into Ontario’s charitable gaming market. The company shared that it has successfully installed its first Cabinet Bingo Games in a gaming hall in Toronto. Over a Dozen Games Have Been Installed According to the announcement, AGT installed 14 Cabinet Bingo Games at Delta Bingo […]
Business
September 19, 2024
Playtika to Acquire Developer of Dice Dreams and Domino Dreams SuperPlay
Mobile games pioneer and interactive entertainment leader Playtika Holding Corp. announced it entered into a definitive agreement to acquire SuperPlay in a deal that may surpass $1 billion. On Wednesday, Playtika uncovered details regarding the acquisition of the leading creator of hit mobile games. Acquisition Expected to Close In Q4 2024 The company revealed that […]
Business
September 18, 2024
FDJ Secures Regulatory Approvals for Kindred Takeover, Sets Closing Date to October 2
La Française des Jeux (FDJ) is proceeding with its acquisition of Kindred Group. Having cleared all regulatory approvals, the former company provided a closing date for the deal. The French operator, however, must still secure additional approvals from Kindred’s investors. FDJ Will Close the Deal on October 2 The French group said that it has […]
Business
September 18, 2024
Jefferies Analyst Bullish on Light & Wonder, Citing Strong Growth Potential
Jefferies Equity Research analyst David Katz has confirmed his positive outlook on Light & Wonder’s future after meeting with the company’s top leaders. Katz Reaffirms ‘Buy’ Rating for Light & Wonder, Raises Price Target Katz kept his “Buy” advice for Light & Wonder’s stock in a recent note to investors. The stock traded at $110.82 […]
Business
September 18, 2024
VGW Reports Stellar Profits Despite Market Setbacks
Laurence Escalante’s gaming powerhouse, Virtual Gaming Worlds (VGW), has maintained its upward trajectory, booking a net profit of $492 million for the year up to 30 June. This figure represents a 30% climb from last year as the operator realized a record revenue of $6.1 billion. Despite regulatory challenges in its US market, the business […]
Business
September 18, 2024
EveryMatrix Proposes to Acquire Fantasma Games in $21M Share Buyout
EveryMatrix, a provider of iGaming software, solutions, content and services, just announced a recommended public offer to acquire Fantasma Games by buying out its shares. By acquiring the latter firm, EveryMatrix hopes to dramatically increase its games output. Half of Fantasma Games’ Shareholders Are Already on Board The acceptance period for the offer is expected […]
