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Business
October 15, 2020
Fitch: Las Vegas Faces a Prolonged Way to Recovery
Fitch Ratings published a gambling industry research Wednesday, claiming regional casinos are bouncing back and gradually heading towards pre-closure levels. The rating agency noted, though, that for Las Vegas the road to recovery would be slow, projecting 2024 as the year the gambling Mecca would reach its 2019 revenue levels. Reliance on Convention, Tourism and […]
Business
October 15, 2020
DraftKings and Turner Sports Team up for Better Engagement
Turner Sports has teamed up with DraftKings in a bid to boost engagement, expand marketing opportunities, and potentially lead to an official betting partnership with the NCAA. Turner Sports Seals Deal with DraftKings for Media Awareness DraftKings and Turner Sports are entering a new multi-year partnership opening up the sportsbook’s way to a potential partnership […]
Business
October 15, 2020
Michigan Casinos to Comply with New Safety Guidelines
Michigan rolls out updated COVID-19 health and safety rules for employers. Casino patrons must mandatory wear masks and each operator must conduct screening upon entry. Michigan Reveals Updated COVID-19 Health and Safety Rules Michigan government and health officials revealed new rules for employers aiming at ensuring a safe work process in the COVID-19 environment. The […]
Business
October 14, 2020
Svenska Spel: No Coronavirus-Related Rise in Problem Gambling
Swedish gambling operator Svenska Spel did not notice an increase in problem gambling during the first wave of coronavirus in the country, yet noted players known for their excessive gambling continued to do so. The state-owned company summarized findings from several studies presented to its Independent Research Council during its annual research day, Monday, October […]
Business
October 14, 2020
Loto-Quebec Extends the Regions with Temporary Closures
State-owned Loto-Quebec announced yesterday it would be temporarily suspending several of its gaming facilities, in line with new Quebec Government-issued restrictions related to the rise in the new cases of the coronavirus disease. Activities in the Monteregie, Centre-du-Quebec and Capitale-Nationale regions, including Charlevoix will be affected. The state-run body set up in 1969 with the […]
Business
October 14, 2020
888 Interested in Buying International Assets from William Hill
Itai Pazner, 888 CEO revealed that the company may be looking to acquire non-US assets from William Hill if such become available. 888 Interested in Non-EU Assets by William Hill The global brand 888 has shown interest in acquiring international assets from William Hill if those assets become available after the multi-billion-pound takeover by Caesars […]
Business
October 14, 2020
Greentube Adds Neccton’s Mentor to Boost Consumer Protection
In a fresh partnership with Neccton, Greentube will launch the company’s Mentor Responsible Gambling (RG) system to bolster security across its own brands. Greentube Rolls out New Consumer Protection Tool Novomatic’s interactive division, Greentube, has rolled out Neccton’s Responsible Gambling (RG) solution, Mentor, designed to bolster consumer protection. The first brand to benefit from the […]
Business
October 13, 2020
MGM Resorts Completes $750M Senior Notes Offering Due 2028
MGM Resorts International announced in an investor update today it successfully completed a previously announced issuance of senior notes to the amount of $750 million due 2028 and priced at 4.75% annually. The new debt issuance was initiated in April, amid the uncertainty regarding the ongoing health crisis which forced federal and state authorities to […]
Business
October 13, 2020
TRWH Acquires Bally’s, Plans to Rebrand Its Properties
Rhode Island-based casino operator Twin River Holdings, Inc. announced today it acquired the Bally’s brand from its owner, Caesars Entertainment, for $20 million. The deal will allow the casino operator to keep the brand for the previously purchased Bally’s Atlantic City and also rebrand all of its casino properties. Bally’s Rise and Fall Bally’s brand […]
Business
October 12, 2020
Tipico Signs with Century Casinos for Colorado Sports Betting
Nasdaq-traded Century Casinos, Inc. announced today it entered into a deal with German sports betting operator Tipico for sports wagering partnership in Colorado. Tipico becomes the third sports betting partner for the casino operator who already signed agreements with Circa Sports and Bet365. Tipico Enters a Second State The deal Century Casinos and Tipico signed […]