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Business
August 11, 2019
Las Vegas Casino Operators See Dive in Macao Business
Macao’s VIP business suffers the consequences of the US – China trade war The Las Vegas Sands Corporation, MGM Resorts International and Wynn Resorts Ltd. all report on slumps in VIP business revenue Business analysts remain optimistic for the long-term future Business reports from Macao display a market-wide revenue decrease of 13.4% year-on-year for the […]
Business
August 9, 2019
William Hill Profits Suffer FOBT Change and US Expansion Costs
Profits for William Hill decline by 12% following UK tax increase and US expansion costs Net revenue for the first half of 2019 up by just 1% Chief executive of the brand gave praise to the business and pointed out that they are still following their five year plan The United Kingdom’s bookmaker giant William […]
Business
August 8, 2019
Genting Malaysia’s Empire Bid Saps Share Value
Genting will team up with Kien Huat to create a new entity for Empire Resorts The company’s shares take an 11% tumble The company is acquiring shares worth $128.6 million total in Empire Resorts Genting Malaysia has made multiple headlines, announcing its intentions to acquire Empire Resorts and dispose of 35 percent share in a […]
Business
August 6, 2019
Caesars’ First Half Revenue Growth Followed by Landslide
Caesars Entertainment reports net loss of $532 million from the first half of 2019 Despite the slump, new CEO, Tony Rodio, praised the business for a solid performance The enterprise announces working towards merging with Eldorado Resorts United States casino titan Caesars Entertainment reported a net loss of $532 million dollars, which occurred during the […]
Business
August 6, 2019
SG, Oneida Indian Nation Offer Sports Betting in NY
SG and Oneida Indian Nation break into the NY market with two casinos Both casino properties will be Caesars branded Mobile and online betting and gaming are still off the table. Scientific Games and Oneida Indian Nation are going to offer sports betting wagers leveraging SG’s OpenSports platform. SGC and Oneida Indian Nation Enter NY […]
Business
August 6, 2019
Macau Bans Use of Casino Tech to Beat Patrons
Macau operators leverage tech to beat customers Watchdog sweeps in to restrict the practice Tech is suspended by the regulator Macau’s operators have been using technology to boost their security and as it turns out to beat the customer. The region’s gaming regulator has reportedly blocked the practice. Macau’s Operators Banned from Misusing AI/Surveillance Tech […]
Business
August 4, 2019
Konami’s Revenue Grows, Profits Dip amid Expansion
Konami’s revenue climbs up to $63.8 million in Q1, 2019 The company’s expansion continues overseas Operating profit slows down Konami’s revenue has been increasing at the expense of operating profit. The company’s expansions continues with new installations and gaming cabinets. Konami Reports Strong Revenue for First Fiscal Quarter Konami Holdings Corp. has posted solid results […]
Business
August 4, 2019
First Year of Online Games Nets Pennsylvania $31.1m
The Pennsylvania lottery announced record profits after first full year of online gambling options Previously opposed online services bring record gains to other states as well Some states report record annual results without utilizing online gambling The Pennsylvania state lottery reached record profits thanks to their new online gambling options. On Thursday, the state’s lottery […]
Business
August 3, 2019
ESL Announces Arena of Valor SEA Tournament, Road to AIC 2019
ESL hosts a new Arena of Valor event in Southeast Asia-Pacific Malaysia, Singapore and the Philippines will participate AoV female players are more numerous than male counterparts ESL will host an Road to AIC 2019 event in Southeast Asia, offering opportunity to three countries from the region to field their teams. Arena of Valor to […]
Business
August 2, 2019
Big 5 of Betting to Oversee Responsible Gambling Funds
Sportsbooks in the UK to manage responsible gambling funds A series of initiative to improve gambling undertaken in the UK Paddy Power and Sky Betting particularly insistent to protect customers Sports betting companies in the United Kingdom will create a special committee to oversee how money allocated to responsible gambling are spent. The Big 5 […]