Latest Business News and Headlines in (2020)

The Latest in Business

Twin River, the Rhode Island-based gaming company, has announced that is has signed partnership deals with DraftKings and FanDuel regarding the operations of their recently acquired three casinos in Colorado. Acquiring the Casinos The ink on the $51 million deal with Affinity Gaming for the three casinos, Golden Gates, Golden Gulch and Mardi Gras, located […]

Twin River Enters into Colorado Partnership with DraftKings and FanDuel

By Heidi Specter

Business

UK Doubling Down on Efforts to Promote Safer Gambling

January 28, 2020

Last year, the United Kingdom Gambling Commission and other gambling-related authorities in the UK implemented a number of measures that were designed to foster responsible gambling. These measures have had varying degrees of success which leaves room for improvement. Fortunately, the gambling commission is not backing down on its quest to clean up the gambling […]

UK Doubling Down on Efforts to Promote Safer Gambling

By Mike Johnson

Business

Michigan Online Poker Not Quite There Yet

January 27, 2020

In December 2019, Michigan became the sixth US state to legalize online poker, rounding up a year marked with significant events for the online gambling industry and setting up the perfect opening full of hopes and expectations for 2020. Players, Hold Your Horses Passing the Lawful Internet Gaming Act by itself does not mean that […]

Michigan Online Poker Not Quite There Yet

By Julie Moraine

Business

Red Rock Hikes New Corporate Debt Selling up to $750mln

January 27, 2020

The Nevada-based Red Rock Resorts, in a post-market announcement on Friday, released the news that they are selling corporate debt for $750 million, up by $250 million from their previous announcement the day before, and expect the offering to be complete by February 7. The Gambling Industry Driven by Credit According to analysts, the current […]

Red Rock Hikes New Corporate Debt Selling up to $750mln

By Mike Johnson

Business

FanDuel Operations in Pennsylvania Expand

January 26, 2020

Six months after the official launching of online casino in Pennsylvania in the summer of 2019, the number of operators offering online gambling within the state has grown up to six, as FanDuel has recently joined the group by expanding on its sports betting success with the introduction of slot and table games. Sports Betting […]

FanDuel Operations in Pennsylvania Expand

By Mike Johnson

Business

Jack Entertainment Pays $65m to Lease Casinos from VICI Properties after Acquisition

January 26, 2020

Jack Entertainment has sold two Cleveland casinos to VICI Properties and paid almost $65 million to have them leased back from the company. VICI Leases Newly-Acquired Properties Back to Previous Owner On Friday, VICI Properties said that it had completed the acquisition of two casino properties in Ohio, spending $843.3 million to claim ownership of […]

Jack Entertainment Pays $65m to Lease Casinos from VICI Properties after Acquisition

By Heidi Specter

Business

Aussie Millions Main Event Win Goes to Vincent Wan

January 25, 2020

After making a three-way deal, Vincent Wan has won the 2020 Aussie Millions Main Event. Vincent Wan Wins Aussie Millions Main for $909K Vincent Wan is the now the winner of the 2020 Aussie Millions No Limit Hold’em Main Event at Crown Casino. He beat out a field of over 820 entries, and landed himself […]

Aussie Millions Main Event Win Goes to Vincent Wan

By Julie Moraine

Business

Louisiana Gaming Regulator Gives The Go-Ahead To Eldorado-Caesars Merger

January 22, 2020

After the approval of the regulatory body in Missouri in December 2019, now the merger between Eldorado Resorts, Inc. and Caesars Entertainment has been given the green light from the Louisiana Gaming Control Board. Initially announced in June 2019, the $17.3 billion cash-and-stock deal is about to create one of the largest casino operators in […]

Louisiana Gaming Regulator Gives The Go-Ahead To Eldorado-Caesars Merger

By Simon Deloit

Business

Genting Group Preparing $10bln For Japanese IR

January 21, 2020

Amid the bribery allegations against Japanese politicians and the opposition joint effort to abolish the Integrated Casino Promotion Act, the Japanese government decided to postpone the publication of its Basic Policy final set of criteria for selection between the candidates bids, as the Diet needed more time to evaluate public opinion, assess the extent of […]

Genting Group Preparing $10bln For Japanese IR

By Julie Moraine

Business

UK Children & Students Personal Data Leaked To Gambling Companies

January 20, 2020

Despite the new customer identity verification rules introduced by the UK Gambling Commission, effective May 7, 2019 as part of their three-year plan to ensure a “fairer and safer” gambling environment for the UK customer, the issue of underage gambling is still on the agenda, with gambling operators looking for any possible way to expand […]

UK Children & Students Personal Data Leaked To Gambling Companies

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Twin River Enters into Colorado Partnership with DraftKings and FanDuel

UK Doubling Down on Efforts to Promote Safer Gambling

Michigan Online Poker Not Quite There Yet

Red Rock Hikes New Corporate Debt Selling up to $750mln

FanDuel Operations in Pennsylvania Expand

Jack Entertainment Pays $65m to Lease Casinos from VICI Properties after Acquisition

Aussie Millions Main Event Win Goes to Vincent Wan

Louisiana Gaming Regulator Gives The Go-Ahead To Eldorado-Caesars Merger

Genting Group Preparing $10bln For Japanese IR

UK Children & Students Personal Data Leaked To Gambling Companies