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Business News and Headlines
Business
January 3, 2025
Motti Gil Bids Farewell to NeoGames After 8.5 Years
Motti Gil, a seasoned finance executive, has ended his stint as Chief Financial Officer (CFO) at NeoGames, which now forms part of Aristocrat Interactive. Motti Gil Wraps Up CFO Role at NeoGames, Credits Team for Company’s Milestones Gil’s last day in the role was December 31 capping off more than eight years of steering the […]

Business
January 2, 2025
Mohegan INSPIRE Posts Inspiring Q3 Financials
The Mohegan INSPIRE Entertainment Resort in South Korea has disclosed its Q3 financials, revealing that business continues to gain traction. The new property, adjacent to the bustling Incheon International Airport, reflects the American company’s ambition to expand on a global level. Gaming and Visitation Continued to Grow As reported by Inside Asian Gaming, Mohegan INSPIRE […]

Business
January 2, 2025
DraftKings Shares Underperform amid Insider Selling
DraftKings Inc. had a tough December, with its shares falling 10.62% over the last month. This underperformance contrasts the broader market, with the Consumer Discretionary sector down just 0.11% and the S&P 500 Index up 0.4%. Retail investors are also unhappy due to 2024’s significant insider stock selling, which did not help DraftKinds’ shares. DraftKings […]

Business
January 2, 2025
180 Life Sciences to Raise $2.9M as It Shifts Focus to iGaming
180 Life Sciences Corp. has set the price for its $2.9 million securities offering to raise funds through direct stock sales and private warrant placements. The biotech company, which is shifting more towards entertainment and online gaming, said institutional investors will buy 1.2 million common stock shares in a direct offering. This approach follows Nasdaq’s […]

Business
December 31, 2024
Macau Concessionaires Unveil Bonuses for Employees
Several operators in Macau have unveiled special discretionary bonuses for most of their staff. As of the time of this writing, most of the concessionaires have announced similar bonuses, affecting thousands of workers. Wynn Thanked Its Employees for Their Incredible Contributions Among others, Wynn Macau unveiled a bonus equivalent to one month’s salary for the […]

Business
December 31, 2024
Cordish Names Greg Hinton as VP of Finance for Live! Casino & Hotel Louisiana
Cordish Gaming Group, The Cordish Companies’ gaming arm, has designated Greg Hinton as the vice president of finance of its new property in Louisiana. In this position, the appointee will be responsible for managing the new property’s financial operations as the operator penetrates the Shreveport-Bossier market. Live! Casino & Hotel Louisiana Targets Q1 2025 Launch […]

Business
December 30, 2024
Allwyn Secures 51% Stake in Novibet Parent Company
Allwyn has secured a majority stake in Novibet’s parent company Logflex MT Holding Limited. The deal will expand the former company’s position as a leading lottery company and a rising iGaming star. Allwyn Continues to Grow Its Business As confirmed by Allwyn, the transaction will see it acquire a controlling 51% stake in Logflex. This […]

Business
December 30, 2024
Congressman Bid on Wynn Before Fertitta’s Stake Was Announced
Texas Rep. Dan Crenshaw had invested in gambling giant Wynn Resorts before Tilman Fertitta’s initial stake became public. As reported by casino.org, Crenshaw made his purchases several days after Fertitta’s stake and several days before the latter was made public. Crenshaw Bought Shares Shortly After Fertitta According to the report, Crenshaw spent between $1,001 and […]

Business
December 24, 2024
Churchill Downs Dumfries VA Casino Hotel Shows Signs of Strengths
The Rose Casino Hotel in Dumfries, Virginia, owned by Churchill Downs has been up and running for two months now, although it has not opened to the general public yet. Regardless, a recent report by Stifel analyst Jeffrey Stantial suggests that Churchill Downs is a “buy” rating with its stock price target set at $164 in […]

Business
December 23, 2024
XLMedia Outlines Further Redundancies Affect the Company’s CEO
A new update submitted by XLMedia, a digital performance marketing firm, outlines its restructuring of the Board of Directors which will also see the position of chief executive officer made redundant. Board Members and CEO to Go in the Summer of 2025 The changes outlined for the Board will come into effect in the second […]
