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Business
February 5, 2025
BlueBet Acquires TopSport Via Binding Asset Agreement
ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement. This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus […]
Business
February 5, 2025
Table Trac Agrees to Power Apache Nugget with CMS Solution
Casino software developer Table Trac announced that it has signed an agreement with Apache Nugget Corporation, a business owned by the Jicarilla Apache Nation. Per the agreement, the former entity will power the tribal operator with its cutting-edge solutions. Table Trac Integrates CMS Product into Apache Nugget’s Business As agreed, Table Trac will deploy its […]
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
Blackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane, Star Entertainment. Different Approach Instead of making a regular move, the NYSE-listed company that serves institutional and individual investors and has deep […]
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Betting and gaming juggernaut BetMGM has published its FY 2024 financials, delivering revenue growth and optimistic EBITDA forecasts. While the brand is still EBITDA negative, it is convinced that 2025 may be a turning point. BetMGM Hopes to Turn EBITDA-Positive Soon BetMGM, which is jointly owned by MGM Resorts International and Entain, reported net revenue […]
Business
February 4, 2025
US Tariffs on Canada May Harm Tourism, Lead To Job Losses
After returning to the White House as the new President of the United States late last month, Donald Trump has been busy with work. Signing pardons and proposing the implementation of tariffs were only a small portion of the new President’s busy schedule. Trump proposed the implementation of tariffs on Canada, Mexico, as well as […]
Business
January 31, 2025
Philippine Gaming Grows as PAGCOR Announces Revenue Record
The Philippine Amusement and Gaming Corporation (PAGCOR) published its report for 2024, revealing a new all-time high revenue and income figures. Chair & CEO Alejandro Tengco praised the metrics, saying that the corporation is pleased with this stellar progress. The PAGCOR Exceeded the PHP 100B Mark According to the PAGCOR’s report, its annual revenues for […]
Business
January 31, 2025
Nevada Casinos Report Solid Results for December and 2024
The last 12 months marked another strong period for casinos in Nevada, newly released financial data reveals. On Thursday, the state’s gambling regulator, the Nevada Gaming Control Board, released financial details regarding the performance of casinos across the state in December and the full year 2024. Year-over-Year Gaming in December Records an Uptick Focusing on […]
Business
January 31, 2025
Analyst Suggests VICI May Target Caesars Forum Acquisition
The owner and acquirer of real estate assets across leading gaming, hospitality, entertainment and leisure destinations, VICI Properties, may consider acquiring Caesars Forum on the Las Vegas Strip, an analyst suggests. VICI Aims at Annual Yield of 8-10% on Its Properties, Boosted by Potential Deals That’s the take of Carlo Santarelli, a Deutsche Bank analyst, […]
Business
January 30, 2025
Evolution Ends 2024 on a Strong Note Despite Rising Headwinds
Global online casino games and live dealer services leader Evolution recently announced its Q4 financial results for 2024, which saw positive revenue and earnings growth despite ongoing operational challenges. The company outlined strategic expansion initiatives and new products for 2025, while margin forecasts remain conservative due to regulatory challenges and persistent cyber-security threats across key […]
Business
January 30, 2025
LeoVegas Group to Implement Deposit Limit Changes in the UK
Online gaming operator LeoVegas has told its UK customers that deposit limit changes are on the horizon. The company clarified that the upcoming upgrade will affect all of its brands. More Liberal Deposit Limits Are Coming The changes in deposit limits will include a revamped calculation that would also take customers’ withdrawals into account. In […]
