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Business
January 31, 2025
Nevada Casinos Report Solid Results for December and 2024
The last 12 months marked another strong period for casinos in Nevada, newly released financial data reveals. On Thursday, the state’s gambling regulator, the Nevada Gaming Control Board, released financial details regarding the performance of casinos across the state in December and the full year 2024. Year-over-Year Gaming in December Records an Uptick Focusing on […]
Business
January 31, 2025
Analyst Suggests VICI May Target Caesars Forum Acquisition
The owner and acquirer of real estate assets across leading gaming, hospitality, entertainment and leisure destinations, VICI Properties, may consider acquiring Caesars Forum on the Las Vegas Strip, an analyst suggests. VICI Aims at Annual Yield of 8-10% on Its Properties, Boosted by Potential Deals That’s the take of Carlo Santarelli, a Deutsche Bank analyst, […]
Business
January 30, 2025
Evolution Ends 2024 on a Strong Note Despite Rising Headwinds
Global online casino games and live dealer services leader Evolution recently announced its Q4 financial results for 2024, which saw positive revenue and earnings growth despite ongoing operational challenges. The company outlined strategic expansion initiatives and new products for 2025, while margin forecasts remain conservative due to regulatory challenges and persistent cyber-security threats across key […]
Business
January 30, 2025
LeoVegas Group to Implement Deposit Limit Changes in the UK
Online gaming operator LeoVegas has told its UK customers that deposit limit changes are on the horizon. The company clarified that the upcoming upgrade will affect all of its brands. More Liberal Deposit Limits Are Coming The changes in deposit limits will include a revamped calculation that would also take customers’ withdrawals into account. In […]
Business
January 30, 2025
Penn Entertainment to Consider HG Vora’s Board Nominations
The provider of integrated entertainment, sports content, and casino gaming experiences across five segments, Penn Entertainment (PENN), has found itself involved in a proxy fight with its shareholder, HG Vora Capital Management. The latter is currently trying to push the appointment of three new members to the company’s board. The announcement has led to a […]
Business
January 29, 2025
Bragg Publishes Preliminary 2024 Report, Posts Optimistic 2025 Guidance
Bragg Gaming Group, a global B2B iGaming content and tech provider, has published its preliminary unaudited results for 2024, highlighting anticipated revenue and EBITDA growth. The company added that it expects its financial to continue increasing in 2025. Bragg Is Looking Forward to Good Financials According to the report, Bragg anticipates FY 2024 revenue of […]
Business
January 29, 2025
Playtech Parts Ways with Chair Mattingley, Introduces Changes to Board
Gambling software powerhouse Playtech announced board changes, including the resignation of its chair and changes to the structure of its committees. Mattingley to Exit After Four Years with the Company On January 29, Playtech confirmed that Brian Mattingley has decided to step down as chair and depart from the board. He agreed to remain on […]
Business
January 29, 2025
NorthStar Gaming Secures $30M Credit Facility
NorthStar Gaming announced that it has secured significant investment, as well as additional credit support. According to the company’s leadership, this is NorthStar’s largest financing to date. The Biggest Investment in NorthStar’s History NorthStar Gaming said that it has entered into a credit agreement to secure a CAD 43.4 million ($30 million) senior secured first […]
Business
January 29, 2025
Star Entertainment Divests Non-Core Assets as Search for Liquidity Continues
The Star Entertainment Group announced that it selling non-core assets as the group desperately seeks to secure its financial position. Star Sydney to Divest Its Event Center In a release submitted to the ASX, the Australian casino and hospitality company confirmed that its New South Wales-facing branch, The Star Entertainment Sydney Properties, has secured agreements […]
Business
January 29, 2025
Penn Entertainment Takes the Lead in Gaming Industry’s DEI Efforts
Penn Entertainment has grabbed the top spot in the newest All-Index report from the All-In Diversity Project, a yearly survey that looks at diversity, equity, and inclusion (DEI) work across various industries, including the gaming industry. This recognition shows Penn‘s dedication to creating a diverse and inclusive workplace setting an example for other operators to […]
