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Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
Business
May 2, 2024
Bally’s to Open Chicago Casino on Time, Doesn’t Plan to Rush Tropicana’s Redevelopment
Bally’s Corporation, which just posted its Q1 results, commented on its plans for the future. According to the company, its permanent Chicago casino should welcome its first guests by Q3 2026, despite the struggles. In the meantime, Bally’s will not rush the redevelopment of the Tropicana site. The gambling company addressed these issues during its […]
Business
May 2, 2024
NGCB Backs Entain and Accel for Full License Despite Past Challenges
Two leading gaming companies were recommended for full licenses in Nevada, amid their ongoing efforts toward compliance, dedication to strictly following the gambling regulations and effectively collaborating with gambling regulators. Although the two companies, Entain and Accel Entertainment, were previously under scrutiny due to issues related to compliance, both secured a recommendation for a full […]
Business
May 2, 2024
Flutter Shareholders Approve Shift to New York Stock Exchange
In another setback for London’s financial market, Flutter Entertainment, the parent company of Paddy Power, has received overwhelming support from its shareholders to shift its primary stock exchange listing to New York. The decision, made at the company’s annual general meeting, reflects a significant move for the gambling giant, which expects the transition to be […]
Business
May 1, 2024
Nick Hughes Becomes Bet365’s New CPO of Gaming
Gambling giant bet365 has named the experienced Nick Hughes as its new chief product officer of gaming. Hughes confirmed his appointment on LinkedIn, sharing his excitement about the new position. The newly-promoted appointee is no stranger to bet365’s business and has served the company for almost a decade now. Hughes joined the gambling powerhouse in […]
Business
May 1, 2024
Sportradar Bolsters Innovation with New Milestone Hire
Sportradar Group, a leading provider of sports data, fan insights, and betting liquidity, has announced the appointment of Behshad Behzadi as chief technology officer and chief artificial intelligence officer (CTO and CAIO), effective 1 May. Behzadi boasts substantial industry experience and will spearhead the implementation of cutting-edge advancements to elevate Sportradar’s offerings. Sportradar Embraces Innovation […]
Business
May 1, 2024
Lottomatica Posts Strong Q1 Results, Updates Guidance after SKS365 Takeover
The leading operator with a strong presence in Italy and across Europe, Lottomatica, released its latest financial update, uncovering details about its performance for the first quarter of this year. On Tuesday, the company disclosed details regarding its latest interim financial report, covering the three months ended March 31, 2024. In the first quarter of […]
Business
April 30, 2024
Sharp Gaming Migrates to Betfred, Rebrands to Betfred Technology
Sharp Gaming is a technology developer focusing on the gambling sector which launched seven years ago. Since then, the developer has benefitted from more than £100 million ($125.2 million) in funding from Betfred’s chairman, Fred Done, culminating with the absorption of Sharp Gaming by Betfred. The strategic migration was completed last week and as a […]
Business
April 30, 2024
Billionaire Barry Diller Granted Another Chance for Nevada Casino License
Media mogul Barry Diller, known for his prominent role in the entertainment industry, will have another opportunity to secure a full gaming license in Nevada. The decision comes as the Nevada Gaming Control Board (NGCB) voted to reconsider Diller’s application, marking a significant development in his pursuit of entering the casino industry. The Billionaire Faced […]
Business
April 30, 2024
JP Morgan Updates Price Target for Red Rock Ahead of Q1 Results
Earlier this month, the gaming and hospitality operator, Boyd Gaming, released its first quarter results, highlighting an increase in online revenue despite a dip in its overall revenue. In total, the company reported $960.5 million in revenue, a figure that was slightly lower year-over-year when compared to the Q1 2023 result of $964.0 million. Upon […]
