Latest Business News and Headlines in (2020)

The Latest in Business

The novel coronavirus (COVID-19) pandemic has brought the majority of casino operations to a halt in the United States, putting unprecedented pressure on business. However, Wynn Resorts has decided to keep on paying its 15,000 employees through May 15. The company is spending $3.5 million a day to meet this pledge. Wynn Resorts Continues to […]

Wynn Spends $3.5M a Day to Keep Employees in COVID-19 Outbreak

By Mike Johnson

Business

Tabcorp Trims Costs by Temporary Layoffs, More Than 700 Employees Affected

April 7, 2020

Tabcorp, the Australian lottery and gaming provider, has introduced cost reduction measures to respond to the negative impact on its revenue due to the coronavirus spread, that included the temporary layoff of more than 700 employees. Yet, the full extent of the blow the company is taking from the ongoing health crisis on its bottom […]

Tabcorp Trims Costs by Temporary Layoffs, More Than 700 Employees Affected

By Simon Deloit

Business

All US Wynn Resort’s Employees to Receive Payment till May 15

April 3, 2020

Amid the ongoing COVID-19 pandemic in the US, while Nevada extends the stay-at-home order, Wynn Resorts is taking action to help the company’s employees. Growing COVID-19 Pandemic Keeps Casinos Closed till End of April Wednesday, 1st of April – Nevada Gov. Steve Sisolak announced the extending of the stay-at-home order through April. The order being […]

All US Wynn Resort’s Employees to Receive Payment till May 15

By Rachael Price

Business

Gambling Advertising Limited in Spain Due to COVID-19

April 1, 2020

Spanish government limits advertising and online gaming marketing while the COVID-19 outbreak continues to grow. Spanish Government Limiting Gaming Advertising Following the gambling marketing regulations implemented by the Spanish government in February 2020, a new article was published in Spain’s Official Gazette this Tuesday (Mar 31). The Royal Decree article 37,11/2020 limits the communication of […]

Gambling Advertising Limited in Spain Due to COVID-19

By Simon Deloit

Business

DC Lottery Sports Book Launch Date Pushed Back Again

April 1, 2020

The Office of Lottery and Gaming in the District of Columbia has announced the planned for the end of March launch of sports betting has been postponed again, this time, for an indefinite amount of time. In a world where all of the major sporting events have been cancelled or postponed due to the coronavirus […]

DC Lottery Sports Book Launch Date Pushed Back Again

By Heidi Specter

Business

Cyberattack Hits SBTech, Websites Offline Last Weekend

March 31, 2020

Cyberattack on SBTech caused the supplier to temporarily suspend service to more than 50 websites over the last weekend. SBTech Hit by Cyberattack A potential security threat to SBTech was detected by their monitoring system late on Friday, March 27. The cyberattack was quickly identified as a serious one and flagged, which resulted in the […]

Cyberattack Hits SBTech, Websites Offline Last Weekend

By Simon Deloit

Business

Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger

March 31, 2020

The mega-merger deal between Irish-based Flutter Entertainment and Canadian-headquartered The Stars Group /TSG/ has moved one step ahead as the Competition and Markets Authority /CMA/ in the UK has given “unconditional phase one clearance” to the proposed combination. The owner of Paddy Power Betfair exchange, Flutter Entertainment, and the owner of Sky Bet, The Stars […]

Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger

By Rachael Price

Business

Penn National to Sell Tropicana, Furlough 26,000 Employees

March 29, 2020

As casino companies get hit one after another, Penn National Gaming is the latest sector player to announce drastic measures and proceed with the furloughing of 26,000 employees. Penn National Takes Though Decisions Amid COVID-19 Crisis With the coronavirus pandemic taking on more threatening dimensions, the world is preparing to brace the economic impact the […]

Penn National to Sell Tropicana, Furlough 26,000 Employees

By Julie Moraine

Business

Eldorado, Caesars Deal Faces Difficulties with Regulators

March 28, 2020

The coronavirus has put a crimp on the casino gambling industry’s hopes in the United States. Nevada has shut down all its casinos, and nationwide, there isn’t a single gambling establishment still open. Workers have been furloughed and the precariousness grows every day. A silver lining has been the fact that the Senate has voted […]

Eldorado, Caesars Deal Faces Difficulties with Regulators

By Julie Moraine

Business

William Hill Snubbed By Incoming CFO Citing Industry Uncertainty

March 27, 2020

A weird turn of events happened Thursday, when UK-based gaming operator William Hill announced the company would have to look for a new Chief Financial Officer. The person chosen for the job decided to remain put in his current role in the cardboard maker company DS Smith, due to the uncertainty in the economic environment […]

William Hill Snubbed By Incoming CFO Citing Industry Uncertainty

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Wynn Spends $3.5M a Day to Keep Employees in COVID-19 Outbreak

Tabcorp Trims Costs by Temporary Layoffs, More Than 700 Employees Affected

All US Wynn Resort’s Employees to Receive Payment till May 15

Gambling Advertising Limited in Spain Due to COVID-19

DC Lottery Sports Book Launch Date Pushed Back Again

Cyberattack Hits SBTech, Websites Offline Last Weekend

Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger

Penn National to Sell Tropicana, Furlough 26,000 Employees

Eldorado, Caesars Deal Faces Difficulties with Regulators

William Hill Snubbed By Incoming CFO Citing Industry Uncertainty