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Business News and Headlines
Business
January 28, 2025
DEEM Enterprises Reiterates Plan to Redevelop AC’s Defunct Bader Field Airport
DEEM Enterprises, a visionary group seeking to redevelop Atlantic City’s Bader Field airport, has reiterated its plans to breathe new life into the area. DEEM Wants to Breathe New Life into the Defunct Airport DEEM Enterprises’ $3.4 billion project seeks to enhance Bader Field with premium entertainment and lifestyle facilities. The project will notably have […]

Business
January 28, 2025
NY Gambling Regulator Adds Members to Gaming Facility Location Board
Major gaming and hospitality operators are looking forward to securing one out of three New York downstate casino licenses. While efforts to speed up the process have so far failed, a couple of fresh appointments announced by the New York State Gaming Commission may signal another push to expedite the process. New York Gaming Facility […]

Business
January 27, 2025
Land-Based Casino Revenue Trends Differ by State and Market, Analyst
With brick-and-mortar casinos available across the United States, the growth of the land-based sector remains a complex, difficult and fluctuating process that varies from one market to the other. That’s the opinion of an expert analyst who recently argued that a one-size-fits-all growth trajectory for casinos across the country doesn’t apply. A Range of Factors […]

Business
January 24, 2025
Redburn Atlantic: Regulatory Probe Endangers Evolution’s Valuation
Leading innovator in product development and advanced IT solutions for online casinos, Evolution, is facing challenges amid a fresh report by Rothschild & Co’s public equities arm, Redburn Atlantic. Among other things, the report considers the regulatory scrutiny the company is subject to as a potential risk to its valuation. Evolution Taking “Forceful Action Using […]

Business
January 23, 2025
IGT Secures Awards at ICE, Pens Deal with LOTTO Thüringen
International Game Technology, a global leader in gaming content, announced that it has secured two awards at ICE Barcelona. In the meantime, the company penned a multi-year agreement with Germany’s Thuringian State Lottery. IGT Secures Prestigious Awards IGT just announced that it has been “recognized with top honors” in two prominent award programs at ICE […]

Business
January 23, 2025
Super Group’s Shares Soar After Optimistic Preliminary 2024 Report
Online gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures. Q4 Was a Strong Period for the Business Super Group, which operates the famous gaming brands Betway and Spin, was thrilled to announce that […]

Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]

Business
January 22, 2025
NOVOMATIC Sets Out to Acquire Vikings Casinos
NOVOMATIC announced that it has penned an agreement to acquire Vikings Casinos SAS, a French casino group. The deal is in line with NOVOMATIC‘s ambitious growth strategy and would expand its presence in Europe. NOVOMATIC Targets International Growth As announced by NOVOMATIC, the acquisition is still subject to certain regulatory conditions and approvals. If permitted, […]

Business
January 22, 2025
Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]

Business
January 22, 2025
LiveRamp and Mohegan to Launch Pioneering Casino Media Network
NYSE-listed data collaboration platform used by some of the most innovative companies on the planet, LiveRamp, has announced a fresh partnership with Mohegan, a global leader in casino and entertainment. The two will launch the industry’s first casino media network, giving brands access to Mohegan’s rich first-party data. According to the new agreement, brands using […]
