Latest Business News and Headlines in (2020)

The Latest in Business

Revenue in Germany is expected to reach €3.3 billion by the end of 2024, a market projection from consultancy company Goldmedia suggests. The company that specializes in the media, gaming and entertainment industries and has more than 20 years of actively supporting national and foreign clients also sees a drop in 2020 revenues of up […]

Germany: 50% Gambling Market Revenue Growth Projection by 2024

By Fiona Simmons

Business

Sporting Solutions Partners with SCCG Management for Market Entry

July 2, 2020

Sporting Solutions looks determined to enter the North American sports betting market, after the partnership deal the European-based sports book and lottery technology provider signed with Las Vegas-based gaming consultancy SCCG Management. The B2B division of the UK´s widely respected Sporting Group is looking to utilize the consultancy company’s expertise to accelerate its entry into […]

Sporting Solutions Partners with SCCG Management for Market Entry

By Julie Moraine

Business

PointsBet and Detroit Tigers Sign Multi-Year Partnership Deal

July 2, 2020

Australian-based sports book provider PointsBet entered into a multi-year partnership deal with Major League Baseball (MLB) franchise Detroit Tigers, becoming the first sports betting company to enter in a partnership with a team from the professional baseball league. The agreement enters into force at the beginning of the 2020 season of the Tigers. Branding, Promotion […]

PointsBet and Detroit Tigers Sign Multi-Year Partnership Deal

By Fiona Simmons

Business

Casinos in Atlantic City Reopen Today and on Friday, July 4

July 2, 2020

Atlantic City’s casinos are reopening today, Thursday, and tomorrow, Friday, amid heightened safety and health protocols. Indoor dining, smoking and drinking has been banned. The Borgata has chosen not to restart operations. AC Casinos Prepare to Reopen 108 Days after Shutdown Casinos in Atlantic City are opening for business for the first time in 108 […]

Casinos in Atlantic City Reopen Today and on Friday, July 4

By Julie Moraine

Business

DraftKings Enters Illinois, Bad Actor Clause Worked Around

July 1, 2020

DraftKings is entering the Illinois sports betting market, a SEC filing by the daily fantasy and sports book operator showed. Despite the provision in the law legalizing sports betting in the state against online-only sports book companies to stop them from entering the market for 18 months, the Boston-based operator found a work-around, through a […]

DraftKings Enters Illinois, Bad Actor Clause Worked Around

By Mike Johnson

Business

William Hill to Combine Retail and Online Business in the UK

July 1, 2020

Sports betting and gaming giant William Hill has announced that the company will combine its online and retail business to help it boost results in 2021 and seek a more streamlined approach of doing business in future. William Hill Merges Online and Retail Businesses, Shuts Down Offices William Hill has revealed plans to merge its […]

By Mike Johnson

Business

Golden Nugget Online Gaming Goes Public Through SPAC Acquisition

June 29, 2020

Golden Nugget Online Gaming, the online division of the famous casinos owned by Tilman Fertitta, is about to go public, to become only the second online casino operator to be traded on a US exchange. SPAC Acquisition Paves the Way to Nasdaq Landcadia Holdings II, Inc, a special purpose acquisition company (SPAC) owned by Tilman […]

Golden Nugget Online Gaming Goes Public Through SPAC Acquisition

By Julie Moraine

Business

Gaming REITs Stock Undervalued, Offering Potential for Investors

June 28, 2020

Casino companies selling their gaming properties to real estate investment trusts (REITs) and then leasing them back was an event happening relatively often since the beginning of 2020, and especially during the period of casino closures, when operators were struggling for short-term cash to cover their burn rates. It featured heavily into the Eldorado Resorts […]

Gaming REITs Stock Undervalued, Offering Potential for Investors

By Jerome García

Business

GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers

June 28, 2020

In a bid to weather what has been an unending crisis, Macau’s junket operators could resort to shuttering their gaming rooms and laying off employees en masse. Macau’s Junket Operators Face Layoffs and VIP Gaming Rooms Suspensions Macau’s entire business model was first disrupted when COVID-19 hit back in February, forcing a two-week closure. With […]

GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers

By Julie Moraine

Business

ABSG: First Progress Report and Year Two Recommendations

June 27, 2020

The Advisory Board for Safer Gambling (ABSG) issued Thursday its first progress report, urging stakeholders to speed up progress towards achieving the goals. The independent advisory body was set up to support the National Strategy to Reduce Gambling Harms initiative by the Gambling Commission, a 3-year plan for cross-industry collaborative approach implementation. Towards a Safer […]

ABSG: First Progress Report and Year Two Recommendations

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Germany: 50% Gambling Market Revenue Growth Projection by 2024

Sporting Solutions Partners with SCCG Management for Market Entry

PointsBet and Detroit Tigers Sign Multi-Year Partnership Deal

Casinos in Atlantic City Reopen Today and on Friday, July 4

DraftKings Enters Illinois, Bad Actor Clause Worked Around

William Hill to Combine Retail and Online Business in the UK

Golden Nugget Online Gaming Goes Public Through SPAC Acquisition

Gaming REITs Stock Undervalued, Offering Potential for Investors

GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers

ABSG: First Progress Report and Year Two Recommendations