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Business
September 1, 2019
PointsBet US Expansion Widens Full-Year Losses
Australian sports betting operator PointsBet saw the end of its financial year riddled with expenses over US expansion Core business operations soared to AUD$25.6 million, up 173% in comparison to the previous fiscal year Chief executive Sam Swanell reasons that expenses are necessary for their growing presence on the US market, feeling upbeat despite the […]
Business
September 1, 2019
Rhode Island Prepares to Roll-Out Mobile Betting as Revenue Slumps in July
The regulated sports betting market in Rhode Island reports a 61.5% month-on-month nosedive for the month of July Hopes are the market will be boosted from the launch of mobile betting apps, said to be in testing phase While no dates have been set, it is expected that mobile betting will be fully operational by […]
Business
August 31, 2019
Two New Sportsbooks Enter Iowa Market
Iowa sees growing interest towards their regulated sports betting market Two more casino operators announce the launch of sportsbooks at their venues The new entries launch operations at Grand Falls Casino and the Diamond Jo casino in Northwood This week Iowans saw two more sportsbooks launch on state territory making for a total of 10 […]
Business
August 31, 2019
Grand Villa Casino Begins Layoffs in Edmonton
After hours reduction, Grand Villa employees facing layoffs Employees can opt into voluntary redundancies or transition to part-time positions Union representative say they feel “blind sided” by the way the matter was handled The Grand Villa Casino in Edmonton, Canada will see dozens of workers laid off as part of a restructuring addressing slow economy. […]
Business
August 30, 2019
The Integrated Resort Race for Japan Takes Shape
In light of last year’s enactment of law Japan announces up to three licenses for the development of an IR in the country High market worth prognoses draw in bids for large-scale developments by serious contenders Osaka and Yokohama estimate attractive economic benefits, embracing the chase, as operations are estimated to commence sometime in the […]
Business
August 30, 2019
DraftKings Launches Mobile App in WV after FanDuel
DraftKings releases mobile sports betting app for WV This is the second app to arrive on the market after FanDuel’s DraftKings teams up with NetEnt for a New Jersey partnership DraftKings has become the second operator in West Virginia to launch a mobile sports betting app, following an earlier release by FanDuel this week. DraftKings […]
Business
August 29, 2019
Crown, Melco Delay Shares Transfers amid Investigation
Melco and Crown Resorts will wait until September 30 to transfer remaining shares Move is occasioned aid an NSW investigation Share price to go up if deal is not concluded by the deadline Melco Resorts and Crown Resorts have agreed to defer the second-tranche of a $135.35 million-share deal amid an ongoing Australian investigation into […]
Business
August 28, 2019
SportsHub fined by NJ Authorities for DFS Operations
SportsHub misses deadline to obtain a proper license The company uses private data without consent NJ slaps SportsHub with $30,000 in first DFS civil penalty in the state New Jersey regulators have slapped DFS SportsHub Games Network with a $30,000 penalty for failing to protect consumer data and operating without a proper license. NJ Hands […]
Business
August 27, 2019
Silver Heritage’s Nepal Border Struggle Continues
Asian casino operator Silver Heritage Group Limited has been handed a second ex parte injunction The legal proceeding is aimed against two of the subsidiaries of the group Kathmandu Post reports temporary order from an Indian court, banning the company from selling or developing their property Back in July the Rupandehi District Court issued a […]
Business
August 27, 2019
Summit Ascent Report Serious Profit Spike during First Half of 2019
The Hong Kong enterprise reported a massive spike in their profits mostly attributable to their Russian Integrated resort, Tigre de Cristal Total revenue marks a 24% climb during the first half of 2019 Russian based Tigre de Cristal to see Phase 2 expansion in early 2022 due to slight delay in development In comparison to […]