Latest Business News and Headlines in (2020)

The Latest in Business

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

By Simon Deloit

Business

Powerball Cuts the Jackpot in Half, COVID-19 Strikes the Lottery

March 27, 2020

The outbreak of COVID-19 is affecting the lotteries – Powerball and Mega Millions are taking action due to reduced sales. Powerball Lottery to Reduce the Jackpots by Half as Soon as the Current Prize is Won The announcement came on Wednesday, March 25, 2020, that the Powerball game would reduce its minimum jackpots in half […]

Powerball Cuts the Jackpot in Half, COVID-19 Strikes the Lottery

By Heidi Specter

Business

Yokohama Allocates $3.6 Million to IR Efforts

March 26, 2020

The coronavirus pandemic seems to have brought several parts of the world to a standstill. However, in countries like Japan, the authorities are still proceeding with their long-term plans for development. The country’s plans for its integrated resorts (IR) project is still on track as the country starts to recover from a brief slowdown brought […]

Yokohama Allocates $3.6 Million to IR Efforts

By Julie Moraine

Business

UK Introduces Covid-19 Package, BGC Praises The Intervention

March 25, 2020

The Betting and Gaming Council /BGC/, the gaming body that represents 90% of betting and gaming industry in the UK, has issued a statement regarding the unprecedented package of measures introduced by the Chancellor of the Exchequer Rishi Sunak last week, praising the government for the magnitude of its intervention to help businesses that were […]

UK Introduces Covid-19 Package, BGC Praises The Intervention

By Simon Deloit

Business

Philippine Gov. Aided by PAGCOR with PHP6bn to Help Fight COVID-19

March 25, 2020

The Philippine government will be aided by PAGCOR with additional PHP6 billion to help contain the COVID-19 pandemic in the country. Additional Funds Released for the Philippine Government Earlier this month the Socio-Civic Projects Fund (SCPF) of the Office of the President of the Philippines received funding from The Philippine Amusement and Gaming Corporation (PAGCOR) […]

Philippine Gov. Aided by PAGCOR with PHP6bn to Help Fight COVID-19

By Julie Moraine

Business

Loto-Quebec: No More Physical Ticket Sales, Online Operations Continue

March 23, 2020

Loto-Quebec has issued an update that it is suspending the physical sales of tickets and closing down its terminals across the province, as a response to the measures of province government aimed at halting the spread of the coronavirus /Covid-19/. The lottery ticket provider will continue its online sales and will coordinate with other lottery […]

Loto-Quebec: No More Physical Ticket Sales, Online Operations Continue

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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

Powerball Cuts the Jackpot in Half, COVID-19 Strikes the Lottery

Yokohama Allocates $3.6 Million to IR Efforts

UK Introduces Covid-19 Package, BGC Praises The Intervention

Philippine Gov. Aided by PAGCOR with PHP6bn to Help Fight COVID-19

Loto-Quebec: No More Physical Ticket Sales, Online Operations Continue