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Business News and Headlines
Business
March 29, 2020
Penn National to Sell Tropicana, Furlough 26,000 Employees
As casino companies get hit one after another, Penn National Gaming is the latest sector player to announce drastic measures and proceed with the furloughing of 26,000 employees. Penn National Takes Tough Decisions Amid COVID-19 Crisis With the coronavirus pandemic taking on more threatening dimensions, the world is preparing to brace the economic impact the […]

Business
March 28, 2020
Eldorado, Caesars Deal Faces Difficulties with Regulators
The coronavirus has put a crimp on the casino gambling industry’s hopes in the United States. Nevada has shut down all its casinos, and nationwide, there isn’t a single gambling establishment still open. Workers have been furloughed and the precariousness grows every day. A silver lining has been the fact that the Senate has voted […]

Business
March 27, 2020
William Hill Snubbed By Incoming CFO Citing Industry Uncertainty
A weird turn of events happened Thursday, when UK-based gaming operator William Hill announced the company would have to look for a new Chief Financial Officer. The person chosen for the job decided to remain put in his current role in the cardboard maker company DS Smith, due to the uncertainty in the economic environment […]

Business
March 27, 2020
Powerball Cuts the Jackpot in Half, COVID-19 Strikes the Lottery
The outbreak of COVID-19 is affecting the lotteries – Powerball and Mega Millions are taking action due to reduced sales. Powerball Lottery to Reduce the Jackpots by Half as Soon as the Current Prize is Won The announcement came on Wednesday, March 25, 2020, that the Powerball game would reduce its minimum jackpots in half […]

Business
March 26, 2020
Yokohama Allocates $3.6 Million to IR Efforts
The coronavirus pandemic seems to have brought several parts of the world to a standstill. However, in countries like Japan, the authorities are still proceeding with their long-term plans for development. The country’s plans for its integrated resorts (IR) project is still on track as the country starts to recover from a brief slowdown brought […]

Business
March 25, 2020
UK Introduces Covid-19 Package, BGC Praises The Intervention
The Betting and Gaming Council /BGC/, the gaming body that represents 90% of the betting and gaming industry in the UK, has issued a statement regarding the unprecedented package of measures introduced by the Chancellor of the Exchequer Rishi Sunak last week, praising the government for the magnitude of its intervention to help businesses that […]

Business
March 25, 2020
Philippine Gov. Aided by PAGCOR with PHP6bn to Help Fight COVID-19
The Philippine government will be aided by PAGCOR with an additional PHP6 billion to help contain the COVID-19 pandemic in the country. Additional Funds Released for the Philippine Government Earlier this month the Socio-Civic Projects Fund (SCPF) of the Office of the President of the Philippines received funding from The Philippine Amusement and Gaming Corporation […]

Business
March 24, 2020
Former MGM Resorts CEO to Lead Coronavirus Task Force in Nevada
Last Sunday, Steve Sisolak announced the formation of a statewide task force that will be responsible for the state’s efforts to mitigate the spread of COVID-19. Referred to as the COVID-19 Response, Relief, and Recovery Task Force, the team will not only help in the efforts to fight the virus but it will also be […]

Business
March 23, 2020
Loto-Quebec: No More Physical Ticket Sales, Online Operations Continue
Loto-Quebec has issued an update that it is suspending the physical sales of tickets and closing down its terminals across the province, as a response to the measures of the province government aimed at halting the spread of the coronavirus /Covid-19/. The lottery ticket provider will continue its online sales and will coordinate with other […]

Business
March 23, 2020
UK iGaming Operators Asked to Impose Temporary Betting Limits
Retail gambling in many parts of the world has come to a standstill, a situation that has resulted in a massive surge in online gambling activities. The online casino operators have been making a killing since most gamblers have had to resort to online gambling due to the closure of retail betting facilities. While many […]
