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Business
June 17, 2020
DraftKings and BetMakers Each Raise Funds to Continue with US Push
Sports betting platforms DraftKings and BetMakers are continuing their expansion in the US by offering new shares to raise additional capital. Some 33 Million Shares to Be Sold by DraftKings as Companies Aim at US Expansion Announced yesterday, June 16, the sports betting operator DraftKings shared its intention to initiate a public offering, launching 33 […]
Business
June 16, 2020
William Hill Reports Strong Recovery, Some Verticals Exceed Expectations
William Hill announced in a trading update issued Tuesday the company has seen strong recovery in the recent weeks, related to the easing of restrictions and the gradual return of sporting events. Despite the trading backdrop remaining uncertain, the online gambling operator is encouraged to see both its online and US divisions perform ahead of […]
Business
June 16, 2020
Eldorado Secures $400M Loan from VICI, Sells Land for $103M
Eldorado Resorts announced Monday after stock market close that it entered into deals with VICI Properties to generate $500 million ahead of the completion of its mega-merger deal with Caesars Entertainment. Eldorado Secures Loan from VICI The Reno-based casino operator signed a letter of intent to enter into a $400 million mortgage deal secured by […]
Business
June 16, 2020
Wynn Las Vegas Strip Buffet Reopening This Thursday
Strip Buffet by Wynn Las Vegas reopens on Thursday, June 18. The Buffet will be operating under an all-you-can-eat concept. Caesars Entertainment also announced plans to reopen Paris Las Vegas on June 18. Strip Buffet by Wynn Reopening June 18 Wynn Las Vegas announced yesterday that the company is reopening its Strip Buffet on Thursday, […]
Business
June 16, 2020
AGA Encourages Regulators to Seek Cashless Payments on US Casino Floors
The American Gaming Association (AGA) has published a new report urging regulators to enact quick changes that would allow the casino industry to adopt cashless payments. Cashless Payments Needed to Modernize the Casino Industry in the US Moving forward, US casinos would prefer to rely on cashless payments as a way to deter the spread […]
Business
June 16, 2020
Nevada Governor Cautions Casino Masks May Become Mandatory
As new cases of COVID-19 are being reported in Nevada, Gov. Steve Sisolak has said that casino patrons won’t be obliged to wear masks, but this is both recommended and might become a prerequisite for entering a casino floor if cases continue to mount. Casinos Patrons Still Not Obliged to Wear Masks In trying to […]
Business
June 15, 2020
William Hill, Bet365 and Others Donate $125m to Tackle Problem Gambling in the UK
Five leading gambling companies in the UK have donated a cumulative amount of $125 million to help address problem gambling issues in the country. British Gambling Companies Donate More to Tackle Problem Gambling GambleAware, the NGO tasked with tackling problem gambling in the United Kingdom, will receive additional funding amounting to $125 million from Betting […]
Business
June 14, 2020
No Stopping Eldorado-Caesars Deal of the Century Now
Eldorado and Caesars’ deal will complete “on time,” executives from both companies assure, and now pending regulatory approval. Eldorado Merger with Caesars Going as Planned Two years after Eldorado Resorts and Caesars Entertainment Corp. announced their plan to create a $17.3 billion gaming behemoth, the deal between the two companies seems to move along according […]
Business
June 14, 2020
Las Vegas Eateries Add COVID-related Surcharges to Cope with Downturn
With restaurants and eateries slowly reopening on the Las Vegas Strip, a new 4% surcharge has been introduced to help cover the costs of complying with health measures. Some Eateries on Las Vegas Strip Introduce Mandatory Coronavirus Surcharges Restaurants on the Las Vegas Strip have introduced a new surcharge to cover all coronavirus-related expenditures, with […]
Business
June 13, 2020
Atlantic City Mayor: Boardwalk Drinks Allowed Starting Friday
Atlantic City, the gambling hub of New Jersey, is taking extraordinary measures in an attempt to bring back people and boost businesses, as Mayor Marty Small issued an executive order Monday to temporarily remove a long-time ban on drinking on the Boardwalk and allow people to have a drink while strolling, effective Friday. Bringing People […]