Sands China Ltd, a subsidiary of casino giant Las Vegas Sands (LVS), announced in a filing to the Hong Kong Exchange (HKEX) it entered into agreement for the issuance of senior unsecured notes to the amount of $1.5 billion. The proposed debt is being offered and sold only to Professional Investors that are qualified institutional […]
Camelot UK Lotteries Ltd announced today it had achieved a third successive year of growth, posting a record £7.91 billion in total ticket sales for 2019-20 fiscal year, driven mainly by sales in its digital vertical that jumped above the £2 billion mark for the first time. Millions for Good Causes Most importantly, the lottery […]
Gaming and hospitality operator The Star Entertainment Group announced Monday it signed an agreement with the New South Wales Government to ensure regulatory certainty regarding protecting the exclusivity of its The Star Sydney casino in terms of providing electronic gaming machines (EGMs). As part of the agreement, a flat tax rate as a percentage of […]
Melco has released its “Above and Beyond” sustainability report. The report includes a strategy for promoting safer and more efficient responsible gaming practices. The “Above and Beyond” Sustainability Report by Melco Leading gaming and hospitality company Melco released its 2019 sustainability strategy report earlier today. The report called “Above and Beyond” offers an insight into […]
Leading social games developer Zynga has inked a $1.8bn deal with Turkish game maker Peak. The deal is expected to boost Zynga’s margins as well as add $300 million to the company’s bookings and push active players by 60%. Zynga to Finalize Peak Acquisition in Third Quarter Developer of social games Zynga has inked a […]
Tron, the decentralized infrastructure network, has been hailed as the “Las Vegas on the block chain” by DappReview, a user insight and market analytics on the blockchain provider company. Its founder, second wave crypto entrepreneur Justin Sun, who made his fortune through Bitcoin in 2012, touted last week a new upgrade to the platform that […]
Suncity Group, the residential and commercial property developer listed on the Hong Kong stock exchange, is expanding its stake in the Philippines property management company Suntrust Home Developers, Inc, after a “CB Subscription Agreement” was signed to see it subscribe to convertible bonds to the amount of $145 million and reach 74.42% share in the […]
Visa has warned all of its banks and payment processor partners in Germany that it will discontinue its services regarding payments to and from illegal online gambling websites, claims a recent story in the German media outlet NDR. Online Gambling Still Illegal Online gambling in most of its forms in Germany is illegal according to […]
An amendment to the temporary restrictions put forward by Sweden’s Minister for Social Security Ardalan Shekarabi is seeking to make exempt horse and sports betting from the SEK 5000 weekly deposit limit on players. In April, the Social Minister came up with a temporary set of restrictive measures, aimed at preventing people from developing bad […]
Online players and local Cypriot news agencies have reported that PokerStars may be planning to leave the country’s gaming market. PokerStars Leaving the Cypriot Market, Say Outlets and Local Players Greek and Cypriot local news have reported that PokerStars plans to quit the Cyprus online gaming market. Besides local news agencies, many Cypriot online players […]
