By Julie Moraine

Business

Fitch: Las Vegas Faces a Prolonged Way to Recovery

October 15, 2020

Fitch Ratings published a gambling industry research Wednesday, claiming regional casinos are bouncing back and gradually heading towards pre-closure levels. The rating agency noted, though, that for Las Vegas the road to recovery would be slow, projecting 2024 as the year the gambling Mecca would reach its 2019 revenue levels. Reliance on Convention, Tourism and […]

By Stoyan Todorov

Business

DraftKings and Turner Sports Team up for Better Engagement

October 15, 2020

Turner Sports has teamed up with DraftKings in a bid to boost engagement, expand marketing opportunities, and potentially lead to an official betting partnership with the NCAA. Turner Sports Seals Deal with DraftKings for Media Awareness DraftKings and Turner Sports are entering a new multi-year partnership opening up the sportsbook’s way to a potential partnership […]

By Jerome García

Business

Michigan Casinos to Comply with New Safety Guidelines

October 15, 2020

Michigan rolls out updated COVID-19 health and safety rules for employers. Casino patrons must mandatory wear masks and each operator must conduct screening upon entry. Michigan Reveals Updated COVID-19 Health and Safety Rules Michigan government and health officials revealed new rules for employers aiming at ensuring a safe work process in the COVID-19 environment. The […]

By Fiona Simmons

Business

Svenska Spel: No Coronavirus-Related Rise in Problem Gambling

October 14, 2020

Swedish gambling operator Svenska Spel did not notice an increase in problem gambling during the first wave of coronavirus in the country, yet noted players known for their excessive gambling continued to do so. The state-owned company summarized findings from several studies presented to its Independent Research Council during its annual research day, Monday, October […]

By Fiona Simmons

Business

Loto-Quebec Extends the Regions with Temporary Closures

October 14, 2020

State-owned Loto-Quebec announced yesterday it would be temporarily suspending several of its gaming facilities, in line with new Quebec Government-issued restrictions related to the rise in the new cases of the coronavirus disease. Activities in the Monteregie, Centre-du-Quebec and Capitale-Nationale regions, including Charlevoix will be affected. The state-run body set up in 1969 with the […]

By Luke Thompson

Business

888 Interested in Buying International Assets from William Hill

October 14, 2020

Itai Pazner, 888 CEO revealed that the company may be looking to acquire non-US assets from William Hill if such become available. 888 Interested in Non-EU Assets by William Hill The global brand 888 has shown interest in acquiring international assets from William Hill if those assets become available after the multi-billion-pound takeover by Caesars […]

By Mike Johnson

Business

Greentube Adds Neccton’s Mentor to Boost Consumer Protection

October 14, 2020

In a fresh partnership with Neccton, Greentube will launch the company’s Mentor Responsible Gambling (RG) system to bolster security across its own brands. Greentube Rolls out New Consumer Protection Tool Novomatic’s interactive division, Greentube, has rolled out Neccton’s Responsible Gambling (RG) solution, Mentor, designed to bolster consumer protection. The first brand to benefit from the […]

By Julie Moraine

Business

MGM Resorts Completes $750M Senior Notes Offering Due 2028

October 13, 2020

MGM Resorts International announced in an investor update today it successfully completed a previously announced issuance of senior notes to the amount of $750 million due 2028 and priced at 4.75% annually. The new debt issuance was initiated in April, amid the uncertainty regarding the ongoing health crisis which forced federal and state authorities to […]

By Julie Moraine

Business

TRWH Acquires Bally’s, Plans to Rebrand Its Properties

October 13, 2020

Rhode Island-based casino operator Twin River Holdings, Inc. announced today it acquired the Bally’s brand from its owner, Caesars Entertainment, for $20 million. The deal will allow the casino operator to keep the brand for the previously purchased Bally’s Atlantic City and also rebrand all of its casino properties. Bally’s Rise and Fall Bally’s brand […]

By Fiona Simmons

Business

Tipico Signs with Century Casinos for Colorado Sports Betting

October 12, 2020

Nasdaq-traded Century Casinos, Inc. announced today it entered into a deal with German sports betting operator Tipico for sports wagering partnership in Colorado. Tipico becomes the third sports betting partner for the casino operator who already signed agreements with Circa Sports and Bet365. Tipico Enters a Second State The deal Century Casinos and Tipico signed […]