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Fiona Simmons's latest articles
Fiona Simmons
JournalistAlthough Fiona doesn't have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at Gambling News is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.
Industry
December 8, 2020
Gaming Realms Forecasts 55% Rise in Revenue in 2020
Following a strong first half of 2020 due to increased online activity, Gaming Realms has predicted at least a 55% increase in revenue to £10.7m for the whole year. The announcement boosted the company’s shares by 3% in early trading. Performance Remains Strong in 2H2020 Real-money mobile gaming provider Gaming Realms expects to report a […]
Industry
December 7, 2020
Lottery, Gambling and Betting Are Taxable, Supreme Court of India Rules
The Supreme Court of India issued a decision regarding the petition filed by Skill Lotto Solutions questioning the definition of goods and claiming that the levy of tax on the lottery is discriminatory and against the constitution. The judgment did not find any grounds for such claims and ruled that the imposition of tax on […]
Industry
December 6, 2020
Scientific Games Supports Campaign Against Child Lottery Play
For another year in a row, Scientific Games is joining its industry peers in a campaign to raise awareness about the risks of child lottery play and to discourage adults from giving lottery tickets as presents to the underaged. Lottery Play Poses a Threat to Children, a Research Finds Out Gaming and lottery supplier Scientific […]
Industry
December 5, 2020
Stefan Lundborg Resigns From Kindred Due To Insider Crime Investigation
Stefan Lundborg is leaving his position as а non-executive director at Kindred Group after he became a subject of investigation for insider crime launched by the Swedish Economic Crime Authority (SECA) Stefan Lundborg is Subject to Investigation for Inside Crime by SECA Kindred Group has informed the public in a press release about the resignation […]
Industry
December 4, 2020
MGM Resorts and MGM Growth Properties Announce Redemption of $700 Million Partnership Units
MGM Resorts had $700 million as part of its agreement with MGP to exchange $1.4 billion of the MGP Operating Partnership units owned by MGM Resorts for cash by February 2022. MGM Resorts Left with 53% Stake in MGM Growth Properties On Wednesday, MGM Resorts announced it has reduced its ownership stake in its real […]
Industry
December 3, 2020
Atlantic City’s Rating by Moody’s Remains at Ba3, Outlook Shifts to Positive
Moody’s has put on hold the issuer’s rating of Atlantic City due to the unstable economic situation, increased governance and social risk, as well as income inequality. Despite the ongoing challenges, its outlook has been improved due to the city’s casino property taxes programme, the growth in online gambling and the city’s continued efforts for […]
Industry
December 2, 2020
Investors Expect Gambling Industry to Rise
Gambling operators are expected to gain momentum in the next months and in the long term with an increasing number of traders buying stocks or investing in thematic ETFs. Stock Markets Hit Record Lows in March In March, the world’s stock markets recorded all-time lows as Covid-19 started to spread rapidly outside of China and […]
Industry
December 1, 2020
Paola Menachem Joins Maxima Compliance As Director Of Regulatory And Licensing
Paola Menachem has a proven history as gaming counsel in leading industry providers, such as Omilia, the Zeal Group, Smithfield Partners, and Intralot. As a leader of the regulatory and licensing team, Menachem will help the company facilitate its customers when entering new markets or maintaining already existing ones. Maxima Compliance Fills a Number of […]
Industry
November 30, 2020
Penn National Gaming Generates Strong $1.13 Billion Revenue
The company posted high third-quarter results, despite the ongoing social constraints and closures. Moving to cashless technologies in brick-and-mortar casinos, as well as the creation of a new growth channel are some of the highlights. The entertainment industry has been one of the most affected by Covid-19, which forced the shutdown of physical locations and […]
Industry
November 29, 2020
Camelot Shows Resilience Amid Covid-19 Crisis
Camelot UK Lotteries, the licensed operator of The National Lottery, recovered its ticket sales for the first six months of the 2020/21 financial year ended on 26 September 2020 following the slump at the beginning of the global health crisis. Camelot reported £3.89 billion in sales, which represents only a 1.7% decrease compared to the […]