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Business
May 4, 2022
Caesars Entertainment Reports 21% Revenue Rise and $680 Million Loss for Q1
After reaching its highest revenue of all time ($9.6 billion) in 2021 and setting the scene for an even more lucrative 2022, Caesars Entertainment has now published its first-quarter results. Did the Reno-based hotel and casino entertainment company kick off 2022 on a similar note? Let’s find out. 21% Revenue Boost for Q1 2022 For […]
Business
May 4, 2022
Kambi and Mohegan Team Up for Exclusive Mobile Wagering Services
Kambi Group PLC has entered a strategic mobile sportsbook partnership with Mohegan Gaming & Entertainment. With this development, Kambi will provide its mobile betting solutions to the Fallsview Casino establishment, located in Ontario, Canada. Ontario’s online gambling market launched on April 4. Fallsview Casino Is the Largest Casino Resort in Ontario Kambi will be able […]
Business
May 4, 2022
Games Global Ties Microgaming Portfolio and Distribution Arm
Microgaming has completed the sale of its distribution business and online games portfolio to Games Global Limited, a supplier of games for the global casino market. Important Milestone for Both Companies Thanks to the tie-up, Games Global is coming in possession of an extensive catalog of games developed by Microgaming and will have access to […]
Business
May 4, 2022
Wynn Resorts to Renovate the Wynn Tower Suites in Las Vegas
Wynn Resorts, a famous American casino and resort corporation, has announced that it will put millions into the renovation of one of its signature hospitality locations – the Wynn Tower Suites on the Las Vegas Strip. The Wynn Tower Suites Are Being Renovated The corporation is currently working on the overhaul, hoping to have it […]
Business
May 2, 2022
Corvex Management Nearly Doubles Stake at Kindred Group
Online gambling company Kindred Group received a notification from one of its shareholders, New York-based hedge fund Corvex Management, for a major change in its holdings at the company, the Malta-regulated business announced in a filing Friday. On Par with Capital Group Making the information public pursuant to the Listing Rules of the Malta Financial […]
Business
May 2, 2022
Genting Singapore Officially Appoints Tan Hee Teck as the New CEO
Tan Hee Teck, the COO of Genting Singapore, has been promoted to CEO by the company. Genting shared the news on Sunday and Teck, who has been serving as COO since 2010 will be able to use his knowledge and experience to take the company to the next level. Teck Was Assessed by the Board […]
Business
May 2, 2022
MGM Resorts International Offers to Buy LeoVegas for $607 Million
MGM Resorts International has made a massive move to solidify its position in the global online gambling market. The casino operator offered $607 million to purchase one of the world’s most reputable online casinos – LeoVegas AB. By purchasing the Swedish gaming company, MGM is looking to increase its profits and influence in the European […]
Business
May 2, 2022
Munger Blasts Robinhood for Short-Term Gambling
Berkshire Hathaway vice chairman Charlie Munger has been an outspoken firebrand and as the right-hand of Warren Buffet, his words have had gravitas. He has blasted Robinhood over the weekend for what he described as “disgusting practices” which are now forcing the company to “unravel.” Munger on Robinhood: Too Much of a Good Thing He […]
Business
April 29, 2022
Scientific Games Finalized Its Rebranding to Light and Wonder
Scientific Games, a US-based provider of gambling products and services, has completed its rebranding to Light and Wonder. As of now, the company and its NASDAQ stock will go under the new name. Light and Wonder to Focus on the Digital Vertical Light and Wonder has also gotten a new logo and will trade on […]
Business
April 29, 2022
Flutter Entertainment Appoints Carolan Lennon as Non-executive Director
Flutter Entertainment has decided to strengthen its board of directors by adding Carolan Lennon as a non-executive director. This announcement comes after Michael Cawley announced in February that he will be stepping down, together with fellow director Zillah Byng-Thorne. Lennon’s Appointment Will Be Effective on July 1 Although the main news of the annual general […]
