Premier esports entertainment company Allied Esports announced it second quarter financial results, August 10, posting a net loss of $10.9 million for the three months ending June 30. The net loss figure includes a one-time non-cash conversion inducement expense of $5.2 million related to recent debt refinancing and is nearly three times higher than the […]
Digital media company InterActiveCorporation (IAC), which has a history of buying, developing and selling online businesses announced today it had accumulated a significant share in MGM Resorts International. In a Schedule 13D filed to the Securities and Exchange Commission (SEC), IAC revealed it had acquired 12% in the casino operator, worth an estimated $1 bilion. […]
A lawsuit was filed against U.S. Department of the Interior and Governor Kevin Stitt by four Oklahoma tribes – The Cherokee, Chickasaw, Choctaw and Citizen Potawatomi Nations. The Hurdle over Gambling Compacts in Oklahoma Continues Last week Friday, four tribes in Oklahoma filed a lawsuit against U.S. Department of the Interior and Governor Kevin Stitt. […]
The National Council on Problem Gambling announced earlier this week that Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award. The Corporate Social Responsibility award Earlier this week, the National Council on Problem Gambling (NCPG) has announced that Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award. […]
Punters in Washington D.C. bet only $1.2 million on sports betting for the two months of operation of GambetDC. GambetDC Operated for Two Months to See Only $1.2 Million Wagered The sports betting platform in Washington D.C. – GambetDC launched back on May 30. Until August 3 it has seen only $1.2 million in sports […]
Wynn Resorts Ltd disclosed in a filing to the Securities and Exchange Commission (SEC) August 6 that it had received two subpoenas during the first half of the year. The subpoenas relate to compliance with anti-money laundering policies and procedures at Wynn Las Vegas. Official Requests for Information Regarding Possible AML Violations The subpoenas Wynn […]
Playtech casino content is now live on bet365 in New Jersey. The launch came after Playtech received approval from the New Jersey Division of Gaming Enforcement back in June. Playtech Content Live on bet365 in New Jersey Thursday, August 6, the leading gambling technology provider Playtech said that it launched casino content in New Jersey […]
Under a new partnership PointsBet becomes an official sports gaming partner of the Indiana Pacers. The company also revealed plans for three new venues located in Illinois. PointsBet Becomes Official Sports Gaming Partner of the Indiana Pacers Earlier this week, a partnership was announced between the Indiana Pacers and the premier sportsbook operator PointsBet. Under […]
UK-based gaming giant William Hill announced its interim 2020 financial results, posting net revenue of £554.4 million and profit before interest and tax of £148.5 million. The statutory profit figure includes a VAT refund after tax of £201.6 million and an £81.9 million non-cash intangible impairment of the UK Retail estate. H1 2020 Net Revenue […]
Wynn Resorts has been testing staff members at a rate of 500-600 people tested per week to determine if members of the staff have been infected. So far, 300 people have tested positive for the novel coronavirus with nearly the whole work force undergoing a test. Wynn Tests Staff Members for Novel Coronavirus Infection Wynn […]
