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Business
April 11, 2025
Rank Group Posts Strong Q3 Report, Optimistic about FY 2024/25
Rank Group has published its financial results for the third quarter of the fiscal year, highlighting an increase in net gaming revenue. All of the group’s divisions experienced growth, cementing Q3 (the three-month period ended March 31, 2025) as a strong time for the company. The Company’s Metrics Increased Across the Board In the third […]
Business
April 11, 2025
NOVOMATIC Secures Supplier’s License in the UAE
NOVOMATIC, a pioneer in gaming describing itself as Europe’s leading gaming tech group, announced that it has secured a gaming vendor license in the United Arab Emirates (UAE). The UAE has been making significant strides toward regulated gaming, causing gaming operators and suppliers to vie for a license. The GCGRA Licensed NOVOMATIC According to the […]
Business
April 11, 2025
Mohegan Takes New Refinancing Step, Issues $1.2BN Secured Notes
The owner, developer, and manager of premier entertainment resorts in the U.S. and Canada, Mohegan Tribal Gaming Authority, has taken a major step toward a more complex financial restructuring plan by issuing $1.2 billion in new secured notes. New Refinancing Efforts This move marks the beginning of a series of refinancing efforts that will include […]
Business
April 11, 2025
Publishers Clearing House Goes Bankrupt, Starts Digital Shift
Publishers Clearing House (PCH), the well-known sweepstakes company famous for its TV prize giveaways and big checks, has filed for Chapter 11 bankruptcy to change its business strategy. The Jericho, New York-based firm plans to move away from its old reliance on direct mail and catalog marketing to focus on digital ads and entertainment instead. […]
Business
April 10, 2025
Bragg Gaming Unveils Partnership with and Stake in RapidPlay
Bragg Gaming Group, a global provider of iGaming content and technology, unveiled the acquisition of a strategic equity stake in RapidPlay, a Brazilian game development studio. In addition to that, Bragg confirmed a partnership with the Brazilian game specialist. RapidPlay Is a Brazilian Visionary According to Bragg, RapidPlay is a high-performance studio founded by seasoned […]
Business
April 10, 2025
Regulators Greenlight Flutter’s Takeover of Snaitech
Flutter Entertainment, a company describing itself as the world’s leading online sports betting and iGaming operator, announced that its acquisition of Snaitech (Snai), one of Italy’s leading omni-channel operators, has secured the necessary regulatory approvals to proceed. The Takeover Can Move Forward Flutter elaborated that its takeover of Snai has received all necessary antitrust, gaming […]
Business
April 10, 2025
Bally’s Chair Weighs in on His Company’s Takeover of The Star Entertainment
The Star Entertainment Group, an Australian casino and hospitality operator, just entered into a binding term sheet with American casino operator Bally’s Corporation. Under the agreement, which is still subject to regulatory approval, Bally’s will take majority control and refinance The Star’s debt, solving its short-term financial problems. In an interview with Inside Asian Gaming, […]
Business
April 10, 2025
Fertitta Doubles Down on Wynn Stake Amid New Trump Tariffs
In a move that now looks timed to perfection, billionaire Tilman Fertitta has quietly doubled down on his investment in Wynn Resorts (NASDAQ: WYNN), strengthening his position as the largest individual shareholder of the company. Ferttita Now Owns 13% of Wynn Resorts According to recent filings with the Securities and Exchange Commission (SEC), Fertitta, who […]
Business
April 10, 2025
Room Tax Revenue Expected to Decrease in Las Vegas
Amid the recently imposed tariffs by the United States that have the potential to spill into a global trade war, tourism across the country may be impacted. In particular, the recent tariffs imposed on Canada and Mexico, are raising concerns for the tourism industry in Las Vegas. Tariffs May Impact US GDP and Tourism The […]
Business
April 9, 2025
Sphere Entertainment Could Move to Nevada as More Businesses Flee Delaware
Sphere Entertainment Co., the business behind the dazzling Las Vegas Sphere entertainment venue, is considering reincorporating from Delaware to Nevada. This move should help cut costs, bolster operational efficiencies, and avoid Delaware’s increasingly hostile litigation environment. Sphere Entertainment is not the first company to respond to this shifting corporate climate as more businesses seek favorable […]
