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Business
January 11, 2024
Genting Malaysia Confirms Plans to Inject $100M into Empire Resorts
In an unexpected move, the leading leisure and hospitality business, Genting Malaysia Berhad (GENM), announced its plans to inject some $100 million into Empire Resorts, one of its US-facing subsidiaries. Details regarding the newly proposed investment emerged on Wednesday, January 10, 2024, in a filing with the Bursa Malaysia Securities by the company. Upon announcing […]
Business
January 10, 2024
Morgan Stanley Expects 17% CAGR in US Online Gaming Revenue by 2026
Leading global investment bank and wealth management firm, Morgan Stanley, has started the year presenting its outlook on the US gambling industry. The interesting outlook highlighted the “single highest growth opportunity” when it comes to consumer discretionary sectors, due to a projected 17% compound annual growth rate (CAGR) in online revenue for 2023-2026. The firm, […]
Business
January 10, 2024
Analyst Lowers Price Target on Caesars Stock Due to F1 Performance
In November, the Las Vegas Grand Prix, one of the much-anticipated events for Formula 1 fans, wrapped up. While the event attracted visitors from across the globe, its impact wasn’t as strong as initial expectations, at least for Caesars Entertainment. In a newly released report by CDC Gaming Reports, Joseph Greff, an analyst for J.P. […]
Business
January 9, 2024
Mohegan Appears on Newsweek’s America’s Greatest Workplaces for Diversity List
Mohegan announced that it has appeared on Newsweek’s America’s Greatest Workplaces for Diversity list for 2024. This distinction cements Mohegan as a leader when it comes to fostering a culture of diversity and inclusion, the company said. According to the casino and hospitality giant, this accolade attests to its ongoing commitment to creating a healthy […]
Business
January 9, 2024
Sky Bet Alters BOG Policy, Limits Access to Club Members
Sky Bet recently announced adjustments to its best odds guaranteed (BOG) promotion, restricting access to active Sky Bet Club loyalty scheme members. Effective 15 January, customers must stake £30 within the previous week’s qualifying period to avail themselves of this offering. The operator was confident it would remain competitive despite these changes, highlighting the benefits […]
Business
January 9, 2024
GiG Powers Betway’s Launch in Portugal
Gaming Innovation Group (GiG) has unveiled the launch of the online sports betting operator Betway in Portugal. Powered by GiG’s award-winning iGaming platform and sportsbook, Betway is the supplier’s second B2B partner in the country. Portugal, both companies believe, offers significant growth opportunities to operators. The country’s revenues continued to increase in 2022, hitting a […]
Business
January 9, 2024
Genting Singapore May Consider Thai IR Investment, Analyst
Genting Singapore, the operator of Resorts World Sentosa, a leading casino and entertainment venue located in Singapore, may consider investment in an integrated resort (IR) in Thailand, a new report suggests. According to Samuel Yin Shao Yang, a leading analyst with investment bank Maybank, there is an opportunity for the operator to pursue options for […]
Business
January 9, 2024
Entain Withdraws from More than 140 Unregulated Markets
The leading global gaming and betting operator, Entain, started to withdraw from unregulated gambling markets across the globe back in November 2020. Since then, the company has exited many jurisdictions and as of the end of last year operates only in regulated markets. Only recently, Entain completed an initiative that was referred to internally as […]
Business
January 9, 2024
Light & Wonder Adds Michael Marchetti to Board of Directors
Light & Wonder has enhanced its board of directors with another major appointment. As announced by the company earlier today, the experienced Michael Marchetti, a former SciPlay Corporation director has been added to the board. According to the announcement, Marchetti will step into the office on January 15, 2024. In his new position, the appointee […]
Business
January 9, 2024
Playson Agrees to Supply PokerStars with iGaming Content
Playson, a fast-growing digital entertainment supplier operating in over 20 regulated jurisdictions, has unveiled a major new partnership agreement. As announced, Playson has agreed to supply PokerStars, a major online poker and casino operator, with content. Under the deal, some of Playson’s biggest hits will be rolled out on the Flutter Entertainment-owned operator’s platform. At […]
