Angel Hristov's latest articles
Casino
May 3, 2024
Elements Casino Chilliwack Donates $680K to KRLA
Elements Casino Chilliwack, a casino property in British Columbia, Canada, has unveiled a donation of almost a million Canadian dollars to The Knight Road Legacy Association (KRLA). The funding, according to the casino’s official announcement, will fuel dozens of local charities, in line with the gaming property’s goal to make a positive change. As announced […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
Industry
May 1, 2024
DraftKings & Everi Appear on Energage’s Top Workplaces List
DraftKings and Everi, among other gaming companies, have appeared on Energage’s Top Workplaces USA 2024 list, highlighting the companies’ commitment to ensuring the well-being of their employees. The Top Workplaces award celebrates companies that prioritize people-centered culture and give their employees a voice. The list is based entirely on employee feedback. Everi, a Las Vegas-based […]
Industry
May 1, 2024
Michigan Regulator Tells Operators to Justify Withdrawal Delays
The Michigan Gaming Control Board (MGCB) is puzzled by the local operators’ tendency to delay withdrawals. As a result, the regulator has asked licensees to provide explanations for the hold-ups. As outlined in a memorandum published on April 23, the MGCB determined that withdrawal requests are the most frequent reason for customer complaints. According to […]
Industry
April 26, 2024
Kambi Pens Multi-State Deal with Choctaw Nation of Oklahoma
Kambi Group, a leader in the provision of sports betting solutions, has formed a multi-state sportsbook partnership with the Choctaw Nation of Oklahoma, one of the largest Indian communities in the US. Under the deal, Kambi will supply the tribal nation with its cutting-edge sports betting services and tech. Under the agreement, the Choctaw Nation […]
Legal
April 26, 2024
Horseshoe Robbery Victim Says Casinos Should Boost Garage Security
A Maryland casino crime victim has shared his story, hoping that it would urge casinos to boost the security at their parking lots. In an interview with Fox45 News, the man said that he is glad to be alive. The news outlet referred to the man as Justin. The man was recently robbed at the […]
Business
April 26, 2024
Aristocrat Completes Its $1.2B Acquisition of Neo Group
On May 15, 2023, Aristocrat Leisure Limited, an Australian gambling machine manufacturer, announced its intention to acquire Neo Group in a historic deal. Almost a year later, the latter group, formerly known as NeoGames SA, announced that the transaction had been completed. The announcement comes a week after Aristocrat successfully navigated through the regulatory labyrinth, […]
Industry
April 26, 2024
NGCB Publishes March & Q1 Industry Report
Nevada’s Gaming Control Board (NGCB) published information about the local gambling industry’s performance in March 2024. Revenue remained mostly stable, experiencing only a slight decline of 1.65%. Albeit modest, the decline marked the end of eight consecutive months of revenue hikes. In total, Nevada’s 316 licensees posted total revenue of $1.29 billion. The slight decline […]
