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Business
January 22, 2025
Analyst Flags Weakening Credit Trends for Mohegan Gaming
At the start of the new year, the leading gaming, hospitality and entertainment company, Mohegan Gaming and Entertainment, announced that the Mohegan Tribal Gaming Authority entered into a fourth amendment to credit agreement and BIA loan agreement. The announcement came at a time when the company recorded performance under the expectations of its Inspire Korea […]
Business
January 21, 2025
MGM China Unveils Salary Increase for 99% of Its Workforce
MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]
Business
January 21, 2025
Isle of Man GSC Appoints Mark Rutherford as Permanent CEO
The Isle of Man Gambling Supervision Commission (GSC) named Mark Rutherford its permanent chief executive officer. According to his new position, Rutherford will be responsible for the upkeep of the island’s regulatory framework for gambling and medicinal cannabis while guaranteeing complete integrity and transparency for these sectors and protecting consumers as well as the island’s […]
Business
January 21, 2025
Golden Entertainment, Wynn Resorts Tipped for Success, Says Analyst
An expert analyst recently highlighted a number of stock picks for the year, mentioning several companies within the gambling sector. Fox Can Enter the Gambling Vertical Through Share Purchase in FanDuel That’s the opinion of Mario Gabelli, Gabelli Funds’ CEO and chairman, who participated in Barron’s “Roundtable,” along with five other experts. Those professionals shared […]
Business
January 20, 2025
EveryMatrix’s Growth Continues as Company Posts Record 2024 Results
EveryMatrix, an industry-leading provider of iGaming tech and content has published its financials for 2024, highlighting an unprecedented success for its business. The company’s leadership applauded the results and said that it hoped the momentum would continue. A Strong Year for the Provider In the fourth quarter of 2024, EveryMarix set a new quarterly record […]
Business
January 20, 2025
GiG’s Sweepstakes Platform Hits the Market with Primero
Gaming Innovation Group (GiG) announced that it has launched its new sweepstakes casino platform online, revolutionizing the sector. This latest product underscores the company’s commitment to fostering innovation in new and emerging markets. GiG’s SweepX Goes Live According to GiG’s announcement, SweepX is now live with new partner Primero under the goldrushcity.com brand. The former […]
Business
January 17, 2025
Compliance Specialist Letzz Secures Investment from Ex-Kindred CEO
Letzz, a startup compliance specialist, has unveiled a major investment from a former Kindred executive. The former firm, which seeks to leverage artificial intelligence to “eliminate tedious tasks and transform compliance into a growth driver,” hailed the backing and said that it will provide its business with a much needed boost. The Investment Will Help […]
Business
January 17, 2025
Kick Reaches Out to TikTok with Acquisition Offer
Kick, the Stake.com-owned streaming platform, teased its intention to purchase TikTok’s US-facing assets. This announcement comes ahead of the social media platform’s looming ban. TikTok to Sell Its US Assets TikTok has cemented itself as a phenomenon despite its inherent security risks. While the US government has previously expressed concerns about the platform, this has […]
Business
January 17, 2025
Sportsbook-Friendly Results Behind Evoke’s Boosted Annual Guidance
Evoke, the parent company of William Hill and 888, saw its shares surge over 10% in early trading after announcing a strong Q4 revenue forecast. The gaming and betting operator based in Gibraltar anticipates year-on-year (YoY) revenue growth of 12% to 13%, which would translate to approximately £479 million ($583 million) compared to £424 million […]
Business
January 16, 2025
Genius Sports Raises $144M, Confirms 2024 Outlook
The official data, technology, and broadcast partner that powers the global ecosystem connecting sports, betting, and media, Genius Sports, has announced the pricing of its underwritten public offering. Namely, the trusted partner to over 400 sports organizations aims to raise approximately $144 million in net proceeds by selling 17,647,059 ordinary shares at $8.50 each. The […]
