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Business News and Headlines
                          Business
                        January 27, 2025
          
          
            Land-Based Casino Revenue Trends Differ by State and Market, Analyst
            
              With brick-and-mortar casinos available across the United States, the growth of the land-based sector remains a complex, difficult and fluctuating process that varies from one market to the other. That’s the opinion of an expert analyst who recently argued that a one-size-fits-all growth trajectory for casinos across the country doesn’t apply. A Range of Factors […]            
          
         
                  
      
                          Business
                        January 24, 2025
          
          
            Redburn Atlantic: Regulatory Probe Endangers Evolution’s Valuation
            
              Leading innovator in product development and advanced IT solutions for online casinos, Evolution, is facing challenges amid a fresh report by Rothschild & Co’s public equities arm, Redburn Atlantic.  Among other things, the report considers the regulatory scrutiny the company is subject to as a potential risk to its valuation.  Evolution Taking “Forceful Action Using […]            
          
         
                  
      
                          Business
                        January 23, 2025
          
          
            IGT Secures Awards at ICE, Pens Deal with LOTTO Thüringen
            
              International Game Technology, a global leader in gaming content, announced that it has secured two awards at ICE Barcelona. In the meantime, the company penned a multi-year agreement with Germany’s Thuringian State Lottery. IGT Secures Prestigious Awards IGT just announced that it has been “recognized with top honors” in two prominent award programs at ICE […]            
          
         
                  
      
                          Business
                        January 23, 2025
          
          
            Super Group’s Shares Soar After Optimistic Preliminary 2024 Report
            
              Online gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures. Q4 Was a Strong Period for the Business Super Group, which operates the famous gaming brands Betway and Spin, was thrilled to announce that […]            
          
         
                  
      
                          Business
                        January 23, 2025
          
          
            MGM May Consider Bid for Entain or Remaining Stake in BetMGM
            
              Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]            
          
         
                  
      
                          Business
                        January 22, 2025
          
          
            NOVOMATIC Sets Out to Acquire Vikings Casinos
            
              NOVOMATIC announced that it has penned an agreement to acquire Vikings Casinos SAS, a French casino group. The deal is in line with NOVOMATIC‘s ambitious growth strategy and would expand its presence in Europe. NOVOMATIC Targets International Growth As announced by NOVOMATIC, the acquisition is still subject to certain regulatory conditions and approvals. If permitted, […]            
          
         
                  
      
                          Business
                        January 22, 2025
          
          
            Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
            
              The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]            
          
         
                  
      
                          Business
                        January 22, 2025
          
          
            LiveRamp and Mohegan to Launch Pioneering Casino Media Network
            
              NYSE-listed data collaboration platform used by some of the most innovative companies on the planet, LiveRamp, has announced a fresh partnership with Mohegan, a global leader in casino and entertainment.  The two will launch the industry’s first casino media network, giving brands access to Mohegan’s rich first-party data. According to the new agreement, brands using […]            
          
         
                  
      
                          Business
                        January 22, 2025
          
          
            Analyst Flags Weakening Credit Trends for Mohegan Gaming
            
              At the start of the new year, the leading gaming, hospitality and entertainment company, Mohegan Gaming and Entertainment, announced that the Mohegan Tribal Gaming Authority entered into a fourth amendment to credit agreement and BIA loan agreement. The announcement came at a time when the company recorded performance under the expectations of its Inspire Korea […]            
          
         
                  
      
                          Business
                        January 21, 2025
          
          
            MGM China Unveils Salary Increase for 99% of Its Workforce
            
              MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]            
          
         
                  
      