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Business
January 7, 2021
Snow Lake Capital Urged MGM Resorts to Sell 20% in MGM China
MGM Resorts would achieve synergies and ensure a retendering of the MGM China concession in Macau if it sells a 20% stake from its Chinese subsidiary to a strategic partner from the internet or travel and leisure industries in China, Sean Ma, Founder and CEO of Snow Lake Capital investment fund wrote in a letter […]
Business
January 7, 2021
MGM Resorts Appoints Jonathan Halkyard as CFO
MGM Resorts has appointed Jonathan Halkyard to the position of Chief Financial Officer at a crucial time for the recovery of the company. New CFO Named at Crucial Time US leading gaming operator MGM Resorts International announced on January 6 the appointment of former Caesars Entertainment executive Jonathan Halkyard as its new Chief Financial Officer. […]
Business
January 7, 2021
Wynn Top Management Agree on 20% Salary Reduction for 3 Months
According to a filing by Wynn Resorts with the Securities and Exchange Commission earlier this week, three of the company’s top corporate executives agreed to take a 20% salary reduction. The salary reduction will be effective for three months starting January 1, 2021. Top Corporate Executives Agree on 20% Salary Reduction for 3 Months Three […]
Business
January 6, 2021
Peel Hunt: 888 Holdings Represents 2021 Growth Potential
Gibraltar-based online gambling group 888 Holdings was the only gambling industry representative to feature in a list of 41 stocks which the UK investment banking company Peel Hunt outlined for top growth in 2021. Growth Potential List Urged by the tumultuous financial 2020 due to the economy-wide knock-on effects of the coronavirus spread and the […]
Business
January 6, 2021
Betsafe Teams with Incentive Games to Offer Kenyans FTPs
Swedish gambling group Betsson AB teamed up with the innovation studio Incentive Games to develop a suite of free games for its Betsafe brand related to its recent launch in Kenya. Betsafe Kenya Live Since December Betsafe officially went live in Kenya in December 2020, determined to establish its presence among local sports fans, following […]
Business
January 6, 2021
IGT’s Cashless Wallet Solution Receives Approval in Nevada
IGT will be leading the cashless gaming era in Nevada after the company’s Resort Wallet cashless module received approval by the state regulator. The solution offers casino guests a cashless, effortless, and safe experience. IGT to Lead the Cashless Gaming Era in Nevada The global leader in gaming, International Game Technology PLC (IGT) announced on […]
Business
January 6, 2021
PXP Financial Inks Agreement with BetMGM, Expands US Reach
PXP Financial’s full-service gateway will be supporting the expansion of BetMGM across the U.S. after the two companies inked a new agreement. PXP Financial Expands US Reach PXP Financial Inc., announced on Wednesday this week that it inked a partnership agreement with BetMGM, the joint venture between Entain and MGM Resorts. PXP Financial Inc. is […]
Business
January 5, 2021
GAN Completes €149M Cash and Stock Acquisition of Coolbet
Leading B2B supplier of internet gaming software-as-a-service (SAAS) solutions Game Account Network (GAN) announced yesterday the completion of its €149.1 million cash and stock acquisition of Coolbet. “The completion of the Coolbet acquisition brings together two best-in-class offerings in the iGaming space today, and makes a powerful combination by creating a fully-integrated offering, customizable for […]
Business
January 5, 2021
GiG Grants Key Managerial Staff 1.5M Share Options
Malta-based supplier of technology solutions for the gaming industry Gaming Innovation Group (GiG) issued a grant of 1.5 million share options for key employees, offering them the chance to buy equity in the company within the next 5 years. Employment at the Time of Exercise Options which are conditional upon employment at the time of […]
Business
January 5, 2021
UK’s New Lockdown Brings Hardships for the Gaming Industry
Due to the ongoing COVID-19 pandemic and a significant increase in positive COVID-19 cases, the UK entered into a new lockdown. The new measure ordered the closure of “non-essential” businesses and may last until mid-February. New Lockdown in UK Closes “Non-essential” Businesses In light of the ongoing pandemic, the UK rolled out additional restrictions aiming […]