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Business
November 5, 2020
Atlantic City: Twin River To Invest $90 Million Into Bally’s Atlantic City
Rhode Island-based casino operator Twin River Holdings, Inc. has committed to investing $90 million to upgrade Bally’s, Atlantic City’s worst-performing casino. Twin River Buys Iconic Bally’s Brand Bally’s Atlantic City was sold to Twin River last April at a discounted rate of $25 million. The opportunity arose as Caesars Entertainment and Eldorado Resorts were reducing […]
Business
November 5, 2020
Scientific Games Posted Third Quarter Net Loss of $111M
Gaming equipment and technology provider Scientific Games (SG) released Wednesday its results for the third quarter of 2020, noting its quarter financial performance was adversely impacted by the coronavirus disruptions within the casino industry. Casino Operation Disruptions and Debt Re-Measurement Scientific Games posted for the three months ended September 30 revenue of $698 million, 18.4% […]
Business
November 4, 2020
Mantalus Helps Sportsbet Migrate to AWS
After Sportsbet observed traffic spikes, the bookmaker decided to move its core betting application environment OpenBet to Amazon Web Services. The bookmaker worked together with Mantalus to complete the migration. Traffic Spikes Prompted Sportsbet to Migrate to AWS The Australian online bookmaker Sportsbet has announced that it worked closely with the cloud consulting company Mantalus […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Business
November 3, 2020
FanDuel Inks Strategic Partnership with Memphis Grizzlies
After inking a strategic partnership with the Memphis Grizzlies, FanDuel became an official sports betting partner and exclusive official daily fantasy partner of the NBA team. To celebrate the new partnership, FanDuel and the Grizzlies launched special promotions for Tennessee residents. FanDuel and Memphis Grizzlies Ink a Strategic Partnership Daily fantasy sports and betting operator […]
Business
November 2, 2020
Record Online Betting Triples Churchill Downs Q3 Profit
Churchill Downs Incorporated (CDI)‘s Q3 profit nearly tripled, thanks to an increase in online betting activity on its platform Twinspires. Net Profit Soars Thanks to Online Betting Growth Gambling operator CDI has reported a 10.3% year-on-year net revenue increase for the third quarter. The rescheduling of the Kentucky Derby boosted CDI’s online betting net profit […]
Business
November 2, 2020
Navajo Nation Considers Reopening Casinos at 50% Capacity
The Navajo Nation Gaming Enterprise (NNGE) asked today for the approval of the Navajo Nation Council to reopen four of its tribal casinos in New Mexico and Arizona. Bill Requests 4 Casinos To Operate at 50% Capacity The bill, submitted to the council on November 2, suggests allowing casinos and gaming properties to operate at […]
Business
November 2, 2020
32Red Prepares to Withdraw from Italy, Urges Transfer to Unibet
Kindred Group’s 32Red brand will exit Italy effective November 30, a new message sent to consumers revealed. Kindred has urged players to transfer to the brand’s sister website, Unibet.it. 32Red Bows out of Italy But Sister Brand Remains Despite choosing to withdraw the 32Red brand from the Italian market, Kindred Group is nowhere near giving […]
Business
November 2, 2020
GVC: Second Lockdown Will Have £34M Impact on Business
Sports betting and online gaming companies in the UK are bracing for a second impact from the national restrictions seeking to flatten the curve of new daily coronavirus cases. GVC Holdings, the owner of Ladbrokes high-street betting shops estimates the impact on the business from the second lockdown in England to be around £34million, in […]
Business
November 1, 2020
Casino Equipment Supplier GPI Victim to REvil’s Hacker Attack
A top supplier of casino equipment is the latest victim of a Russian hacker group known as REvil, according to a statement on the Dark Web. Pay or Have Your Data Exposed The hacker group REvil reportedly took control over the servers of Gaming Partners International, a leading provider of casino currency and table game […]