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Business News and Headlines
Business
August 26, 2019
NagaCorp Receives Shareholder Support on Expansion Project Dubbed Naga 3
Earlier in 2019 NagaCorp revealed plans for a $3.5 billion expansion project of the NagaWorld complex The project design entails additional hotel rooms, diversification and expansion of gaming spaces and more Lawmakers in Cambodia, on the other hand, grow weary of licensing Chinese investors and their land-based casino operations Plans for the Naga 3 expansion […]
Business
August 26, 2019
Number of Cities for Japanese IR Continues to Grow
Japanese IR is drawing closer to its release date The number of bidding cities to host the project grows Applications reportedly to be accepted as early as March, 2020 Galaxy Entertainment’s Francis Lui Yiu Tung has welcomed the high demand for hosting rights of the future Japanese Integrated Resort project. Demands for Hosts of Japanese […]
Business
August 25, 2019
PAGCOR Dismisses Chinese Demands for Offshore Shutdown
China has insisted that PAGCOR shut down all online gambling websites PAGCOR official argues that there is no reason for this to happen Operators, such as Megaworld, assure press their exposure in the conflict is minimal PAGCOR official Victor Padilla has responded to Beijing demands to start shutting down online gambling properties in the Philippines, […]
Business
August 24, 2019
Mobile Sports Betting set to Return in West Virginia in Days
The re-launching of mobile sports betting services in West Virginia is confirmed to take place prior to the end of August State lottery director John Myers revealed information for two sports betting apps, which are just about ready to roll-out but the dates remain unclear While concrete information remains somewhat scarce it is suggested that […]
Business
August 24, 2019
Betfair Partners Up with CONMEBOL Ahead of Brazil Prospects
Betfair strikes partnership deal with CONMEBOL Brazil is the next main market Betfair is interested in CONMEBOL will help Betfair gain more traction in South America While prospecting the Brazilian sports betting market, Betfair has signed an important partnership with the CONMEBOL in South America. Betfair Enters South Africa with CONMEBOL Partnership Betfair is now […]
Business
August 23, 2019
DraftKings Get Green Light for Iowa Market Operation
Wild Rose Entertainment commence partnership with DraftKings, allowing the latter to step in the newly regulated sports betting market in Iowa The recent start of the regulated sports betting market in Iowa already houses more than a few competitors for just over a week after the first sports bet was made on state territory CEO […]
Business
August 22, 2019
Kambi Sportsbook to Expand across Eight More States
The new deal entails a much wider presence of Kambi’s sportsbook across eight new states DraftKings pleased with the year’s results in collaboration with Kambi First six months of 2019 reveal a ~25% growth in revenue DraftKings CEO, Jason Robins, said that “Kambi has been a key partner for DraftKings, providing us with backend sportsbook […]
Business
August 22, 2019
PayPal Enforces Tougher Gambling-Related Regulation
PayPal introduces stricter polices for online payments related to casino/betting activities Only the state of Schleswig-Holstein supports online betting and casinos legally The Third Treaty on Gambling to be enforced on January 1, 2020 pending ratification PayPal announces plans to enforce stricter policies regarding any transaction associated with online gaming and betting in Germany. PayPal […]
Business
August 19, 2019
First Stock Tumble Writes Off Billions from Gaming Companies
Wednesday, August 16 marks solid downturn in stock value American casino & gaming brands lose billions Next recession probably coming, but no concerns expressed by the sector’s leaders Casino brands lose billions of market value on first recession signs in the U.S. Yet, brands remain cautiously determined in terms of investment portfolios. A Recession Hits […]
Business
August 18, 2019
Star Group Australia Loses on VIP, Posts Growth Nevertheless
The Star Group grows market in Australian market VIP vertical losses a bit of momentum Star remains committed to capital-efficient expansion The Star Group posted strong results for its Australian subsidiary, citing a growth in regular market, but weaker VIP results. Star Group’s Australia Results Remain Strong The Star Entertainment Group’s Australian subsidiary achieved an […]