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Business News and Headlines
Business
August 29, 2022
BetMGM and Almost Friday Media Team Up to Supply Unique Sports Content
BetMGM has inked a deal with Almost Friday Media thanks to which the latter will deliver its assets across YouTube, Discord, social media, live streams, podcasts, and more. The deal was announced last Thursday (August 25) and the content is set to make sports far more enjoyable for sports fans. Almost Friday Media Is a […]

Business
August 29, 2022
PAGCOR Casinos May Be Up for Sale Under BBM
The presidential elections in the Philippines earlier this year resulted in the appointment of Bongbong “BBM” Marcos, a scion of Ferdinand Marcos Sr., a former president, and Imelda Romualdez Marcos, a former first lady. While his family is linked to profligate spending that was largely seen as one of the reasons why the Philippines ended […]

Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]

Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]

Business
August 26, 2022
US Integrity Announces New Partnership with Thrill One
Provider of sports betting monitoring services US Integrity has announced one more in a line of partnership agreements it has made with various gaming companies and casinos, which offer sportsbooks. The firm’s latest agreement is with Thrill One Sports & Entertainment, which is going to launch sports wagering under its brand Nitro Rallycross. Thrill One […]

Business
August 26, 2022
Las Vegas Welcomes FanDuel By Year’s End
Although FanDuel’s name will be a driving force in Fremont’s redevelopment and rebranding, the operation will still be very much Boyd’s, with FanDuel providing the odds and its expertise. Whether this will also mark a re-entry point for FanDuel’s own operations into Nevada is still undetermined. Rebranding Fremont’s Sportsbook The Nevada Gaming Commission (NGC or […]

Business
August 26, 2022
Colossus Bets Announces Big C-Level Changes
Colossus Bets is undergoing some restructuring, AGBrief reported with the sports jackpots and technology solutions provider preparing to see David O’Reilly and Eva Karagianni-Goel, both C-level executives, step down from the team. C-Level Executives Depart, Internal Talent Takes Over This will trigger internal reorganization with CTO Paula Cara Farcas taking over O’Reilly’s functions as a […]

Business
August 26, 2022
Paradise Entertainment Sees Casino Management System Revenue Decline
Paradise Entertainment continued to struggle during the second quarter of the year with Q2 2022 results once again suppressed by the lingering impact of the COVID-19 pandemic, subsequent shutdowns of properties, and reduction of operational capacity. The turbulent quarter in Macau, led to the group’s loss increasing to $12 million (HK97 million), up three times […]

Business
August 26, 2022
FanDuel Will Launch Its Very Own Sports TV Network “FanDuel TV”
US leader in gaming and sports entertainment FanDuel has announced that this September it is launching the first of its kind linear cable sports TV network and OTT platform dedicated specifically to sports betting content and airing more live sports hours than any other provider in the US. FanDuel’s Innovative Approach to Sports Content […]

Business
August 25, 2022
Rivalry Corp. Releases Q2 Report, Shows Record-Breaking Growth
Rivalry Corp., a globally renowned sports betting operator, has released its Q2 report, which states that the company’s betting handle reached C$38.4 million ($29.7 million). This represents a 98% YoY increase. Record revenue of C$5.3 million ($4.1million) or a 60% YoY increase, was also a huge milestone in the quarter. The Revenue Growth Was Completely […]
