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Business
July 7, 2020
BGC Says Restrictions on Betting in Scotland May Result in Losses for the Industry
Scotland’s betting shops must follow draconian restrictions, which may be harmful for the industry, the BGC has said. BGC CEO urges the Scottish government for changes in the restrictions. Scotland’s Post-COVID-19 Restrictions Harmful for The Industry The Betting and Gaming Council (BGC), which is the gambling trade organization, has criticized the Scottish government for the […]
Business
July 3, 2020
Germany: 50% Gambling Market Revenue Growth Projection by 2024
Revenue in Germany is expected to reach €3.3 billion by the end of 2024, a market projection from Goldmedia suggests. The company that specializes in the media, gaming, and entertainment industries and has more than 20 years of actively supporting national and foreign clients also sees a drop in 2020 revenues of up to 11.9%. […]
Business
July 2, 2020
Sporting Solutions Partners with SCCG Management for Market Entry
Sporting Solutions looks determined to enter the North American sports betting market after the partnership deal with the European-based sportsbook and lottery technology provider signed with Las Vegas-based gaming consultancy SCCG Management. The B2B division of the UK´s widely respected Sporting Group is looking to utilize the consultancy company’s expertise to accelerate its entry into […]
Business
July 2, 2020
PointsBet and Detroit Tigers Sign Multi-Year Partnership Deal
Australian-based sportsbook provider PointsBet entered into a multi-year partnership deal with Major League Baseball (MLB) franchise Detroit Tigers, becoming the first sports betting company to enter in a partnership with a team from the professional baseball league. The agreement enters into force at the beginning of the 2020 season of the Tigers. Branding, Promotion, and […]
Business
July 2, 2020
Casinos in Atlantic City Reopen Today and on Friday, July 4
Atlantic City’s casinos are reopening today, Thursday, and tomorrow, Friday, amid heightened safety and health protocols. Indoor dining, smoking, and drinking have been banned. The Borgata has chosen not to restart operations. AC Casinos Prepare to Reopen 108 Days after Shutdown Casinos in Atlantic City are opening for business for the first time in 108 […]
Business
July 1, 2020
DraftKings Enters Illinois, Bad Actor Clause Worked Around
DraftKings is entering the Illinois sports betting market, an SEC filing by the daily fantasy and sports book operator showed. Despite the provision in the law legalizing sports betting in the state against online-only sports book companies to stop them from entering the market for 18 months, the Boston-based operator found a work-around, through a […]
Business
July 1, 2020
William Hill to Combine Retail and Online Business in the UK
Sports betting and gaming giant William Hill has announced that the company will combine its online and retail business to help it boost results in 2021 and seek a more streamlined approach of doing business in future. William Hill Merges Online and Retail Businesses, Shuts Down Offices William Hill has revealed plans to merge its […]
Business
June 29, 2020
Golden Nugget Online Gaming Goes Public Through SPAC Acquisition
Golden Nugget Online Gaming, the online division of the famous casinos owned by Tilman Fertitta, is about to go public, to become only the second online casino operator to be traded on a US exchange. SPAC Acquisition Paves the Way to Nasdaq Landcadia Holdings II, Inc, a special purpose acquisition company (SPAC) owned by Tilman […]
Business
June 28, 2020
Gaming REITs Stock Undervalued, Offering Potential for Investors
Casino companies selling their gaming properties to real estate investment trusts (REITs) and then leasing them back was an event happening relatively often since the beginning of 2020, and especially during the period of casino closures when operators were struggling for short-term cash to cover their burn rates. It featured heavily into the Eldorado Resorts […]
Business
June 28, 2020
GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers
In a bid to weather what has been an unending crisis, Macau’s junket operators could resort to shuttering their gaming rooms and laying off employees en masse. Macau’s Junket Operators Face Layoffs and VIP Gaming Rooms Suspensions Macau’s entire business model was first disrupted when COVID-19 hit back in February, forcing a two-week closure. With […]