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Business News and Headlines
Business
January 2, 2024
Macau GGR Increase in 2023 to Boost Nongaming Investments
Casino operators across Macau wrapped up a successful 2023 with exceptional results achieved in December and overall good performance throughout the year when compared to 2022. The outstanding results will now push the enclave’s six casino operators, Melco, SJM, Wynn, MGM, Sands and Galaxy, to invest more money into nongaming amenities and projects. The reported […]
Business
December 26, 2023
GAN Reshuffles Board of Directors Preparing for 2024
Notably, Seamus McGill has confirmed that he will be stepping down as chairman of the board and he will be succeeded by David Goldberg in the important position as the holiday season is now set in. GAN Executes Quick Staff Change at the Top During Holiday Season McGill’s decision to step down comes after GAN, […]
Business
December 25, 2023
Tilman Fertitta Confident in DraftKings, Wynn’s Prospects for 2024
In a recent interview with CNBC’s Brian Sullivan, Tilman Fertitta argued that Golden Nugget is not the only equity that is most likely going to benefit from the momentum in the gaming industry in 2024. He also sees Wynn Resorts and DraftKings as sector companies in a very strong position, not least because of his […]
Business
December 22, 2023
Flutter Entertainment Shares Up 5% as Analysts Remain Optimistic
Renowned betting and gaming operator Flutter Entertainment experienced a significant surge in its share value. Despite increased competition, the company’s FanDuel brand has maintained its leadership position in the USA, and its overseas investments also pay significant dividends. This development aligns with Flutter’s plans to enter the New York Stock Exchange after it stops trading […]
Business
December 22, 2023
Relax Gaming Partners with Playbook Engineering, Expanding Global Reach
Relax Gaming, the acclaimed iGaming aggregator renowned for its unique content has inked a promising deal with Playbook Engineering, elevating the global betting platform and significantly broadening its offerings. This alliance grants Playbook Engineering’s operator partners access to Relax Gaming’s impressive content repertoire, featuring popular titles like Sloth Tumble, Shark Wash, and Money Cart 3. […]
Business
December 22, 2023
Realistic Games Expands UK Presence through BetMGM Deal
The fast-growing supplier and developer of casino content, Realistic Games, announced a new deal, allowing it to grow its European footprint. On Friday, the company confirmed it signed a new content agreement with BetMGM, the renowned online gambling operator, for the regulated gambling sector in the UK. Thanks to the new partnership, customers of the […]
Business
December 22, 2023
Bragg Powers Superbet in Brazil with Online Casino Game Aggregation
The leading provider of iGaming solutions, content and technology, powering online and land-based gambling operators, Bragg Gaming Group, announced a new partnership focused on the gambling sector in Brazil. On Thursday, the company revealed it joined forces with Superbet, agreeing to deliver its aggregation platform for the operator. Besides going live with its aggregation platform, […]
Business
December 22, 2023
Analysts Bullish on MGM, LVS, Penn, Caesars Stock in 2024
Stocks that rely heavily on economic conditions and business cycles are called consumer cyclicals. Such stocks can include companies operating within the retail, housing, automotive and entertainment industries. This includes major gambling operators. According to a newly released report, Citi Research included two leading gaming and entertainment operators within its top choices for consumer discretionary […]
Business
December 21, 2023
GiG Completes KaFe Rocks Deal, Sets Out to Conquer the Casino Affiliate Sector
Leading iGaming tech company Gaming Innovation Group (GiG) has announced the completion of its acquisition of KaFe Rocks, a major online casino affiliate. The announcement was first announced in November and saw the tech giant acquire the affiliate in a EUR 35 million deal. According to GiG, the new acquisition will position its proprietary media […]
Business
December 21, 2023
Louisiana Betting Handle Soars in November, Sets New Record
The Louisiana Gaming Control Board (LGCB), the gambling regulator in the state, has announced its latest report, uncovering details regarding the performance of mobile and retail sports betting operators during November. Combined, the total handle reported by licensed retail and mobile betting operators last month hit $356.4 million. This figure confirms November was a busy […]