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Business
May 3, 2021
Australia: Slot Gambling Losses in Victoria Skyrocket
After the COVID-19-related lockdown in Victoria, Australia ended, the slot machine gambling losses have kept increasing. Since October, when the venues were allowed to resume operation, millions were lost to gambling. Furthermore, Melbourne’s western suburb, Brimbank, recorded the highest daily losses from slot machines in February – $482,168. Gambling Losses in Victoria Go Through the […]
Business
May 3, 2021
WynnBET Enters Tennessee, Launches Sports Betting Services
The board of directors of the Sports Wagering Committee of the Tennessee Education Lottery gave WynnBET approval to launch its services in the state last week. Consequently, the company rolled out its mobile sports wagering product, which is available for download on Apple and Android devices. WynnBET Launches Sports Betting Services in Tennessee The premier […]
Business
May 3, 2021
Caesars Set to Bank off Sale of William Hill’s Non-US assets
Now that Caesars Entertainment was able to close on its purchase of William Hill and all of the sports gambling operator’s assets, it’s time to get to work. Caesars made it clear from the start that it would sell William Hill’s non-US assets following the acquisition that cost it $3.7 billion and it’s ready to […]
Business
May 3, 2021
Warren Buffett Says Robinhood Turns Investors into Gamblers
Younger and less experienced investors may be tempted by Robinhood’s focus on “casino-like” investment opportunities, says legendary investor Warren Buffett. A Warning to Millennial Investors by Buffett Warren Buffett is a good example of why gambling and investment are worlds apart. The investment guru, though, believes that Robinhood, a trading platform that charges no commissions and appeals to […]
Business
April 30, 2021
PointsBet Posted 246% Increase in Q3 FY2021 Revenue
Australian sportsbook operator PointsBet submitted in a filing to the Australian Securities Exchange (ASX) its financial year 2021 third quarter trading update as well as quarterly cash flow report. Overall Performance PointsBet revealed an impressive quarterly financial performance for the three-month period ended March 31, 2021 posting a turnover of AU$905.2 million, a 236% jump […]
Business
April 29, 2021
Rank Group Appointed Katie McAlister as Non-Executive Director
Rank Group, operator of Grosvenor Casinos and Mecca Bingo venues in the UK, as well as Enracha bingo clubs in Spain, announced today a new addition to its Board of Directors with the appointment of Katie McAlister as a non-executive director. Appointment with Immediate Effect Appointed with immediate effect, non-executive director Katie McAlister will also […]
Business
April 29, 2021
Royal Panda Migration to LeoVegas’ Platform Is Now Complete
Royal Panda’s migration to LeoVegas’ technical platform was completed today. Consequently, the company will benefit from an enhanced gaming experience and a significantly faster mobile solution. Royal Panda Completed Its Migration to LeoVegas’ Platform One of the biggest online gaming operators, Royal Panda, announced today that it completed its migration to LeoVegas’ technical platform. Royal […]
Business
April 29, 2021
Flutter Records off the Charts Revenue Growth in Q1
Flutter Entertainment Plc, a leading global sports betting and gaming provider, accelerates its strategic plans with confidence, reporting total revenue growth of 32% to £1.485 billion in its first quarter of 2021. Flutter Reports Rapid Growth in Q1 of 2021 Flutter Entertainment Plc (FLTR.L), a leading global sportsbook and gaming provider, has reported a growth […]
Business
April 29, 2021
Recovery Underway for MGM Resorts Regardless of Losses in Q1
MGM Resorts continues to improve in Q1 even though it still posts losses amid growing consumer interest. Recovery Begins at MGM Resorts International MGM Resorts International has been affected by the COVID-19 pandemic, just like any other casino and hospitality company operating in the physical world. Yet, for all the setbacks, the three-month period ending on […]
Business
April 29, 2021
Betsson Buoyant on Q1 Results despite a Few Near-Misses
Betsson Group has posted strong results in Q1 2021 with net profit going up even though the Group suffered setbacks in Norway and Germany. Betsson’s Results Improve Despite Setbacks With the first quarter of the year in the books, Betsson Group is happy to report that it has hit a bull’s eye so far as its financial […]