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Business News and Headlines
Business
October 30, 2019
MGM Resorts International Partners with Yahoo Sports in Online Betting Deal
MGM Resorts International and Yahoo Sports announce historic partnership The deal will see the Las Vegas company integrate its sports betting platform to Yahoo Sports’ website The deal is the latest in a string of partnerships involving MGM MGM Resorts International has entered a historic partnership with Yahoo Sports, owned by Verizon Media, in a […]
Business
October 30, 2019
LeoVegas Sells Authentic Gaming to Genting Group for $16.7m
Genting to pay $16.7m to LeoVegas for Authentic Gaming LeoVegas CEO Gustaf Hagman calls the development a milestone deal Authentic Gaming proves LeoVegas’ ability to create innovative and sustainable companies Genting has agreed to pay $16.7 million to acquire LeoVegas-owned Authentic Gaming, a content supplier of live gaming solutions. Genting Buys Out Authentic Gaming to […]
Business
October 29, 2019
Suncity Group to Spend Up to HK$35 bln for Japan IR
Suncity Group to spend between HK$30 billion and HK$35 billion (US$3.8 billion to US$4.5 billion) on an integrated resort in Japan The resort will be in Wakayama and will embrace the nature that surrounds the city Casinos Austria set to be the first international company to submit an IR business concept in Nagasaki Suncity Group […]
Business
October 28, 2019
AAEC Vs (LVS) US$12bln Lawsuit Pushed to 2020
A $12 billion lawsuit filed by Asian American Entertainment Corporation (AAEC), against Las Vegas Sands Corp has been moved to September 2020. AAEC $12bln Lawsuit Postponed to 2020 A filing by the Las Vegas Sands Corp indicated that a MOP96.4 billion (US$12 billion) damages lawsuit lodged against them by Asian American Entertainment Corporation (AAEC), Limited […]
Business
October 26, 2019
DraftKings Secures Daily Fantasy Sports License in Iowa
Iowa grants DraftKings a DFS license to set-up a shop in the state Previous technology certification issues have delayed the launch Iowa releases gaming revenues for the first full month of regulated gaming activities Fantasy sports fans in Iowa can now create their dream teams following DrafKing’s authorization to offer daily fantasy sports. DraftKings to […]
Business
October 24, 2019
BetWarrior Releases Sports Betting App in Latin America
BetWarrior launches mobile app with Kambi for Latin American markets The companies will seek to expand into Europe next Kambi continues to pick up partners capable to innovate on the company’s sportsbook platform BetWarrior has released its sports betting app for Kambi Sportsbook in Latin America, planning an expansion in European markets next. Kambi, BetWarrior […]
Business
October 24, 2019
Las Vegas Sands Ready to Invest Up to $12bn in Japan
LVS plans to invest up to $12 billion for an integrated resort Sheldon Adelson health has improved Sands to target a top-tier city for its Japanese expansion Sheldon Adelson returned to Las Vegas Sands Q3, 2019 earnings calls, announcing plans to invest up to $12 billion in a future integrated resort project in Japan. Las […]
Business
October 24, 2019
Crown Culture of Secrecy Continues as Boss Dismisses Criminal Link
Crown’s VIP revenue falls by 46% John Alexander calls allegations preposterous Lawrence Ho is now part of the board but yet not cleared by regulators On the annual general meeting, Crown Casino failed to address allegations about criminal links while the VIP revenue plummeted by 46%. Crown Casino VIP Segment Drops, Investigations Continue Amid falling […]
Business
October 19, 2019
Wynn Resorts Signs Two Betting Deals with Full House
Wynn Resorts Signs Two Deals with Full House US casino operator Wynn Resorts has struck two deals with Full House Resorts in order to roll out mobile and online sports betting services in Indiana and Colorado. Although further details of the two deals were not disclosed, Full House Resorts commented that it has now used […]
Business
October 18, 2019
SBTech’s Scoreboard Launches in Oregon
SBTech’s mobile betting product Scoreboard is now available in Oregon This is the result of a contract between SBTech and the Oregon State Lottery from June Scoreboard is the first mobile betting app launched by a US state lottery Legal mobile betting now available in Oregon, thanks to SBTech’s Scoreboard platform, launching a month later […]