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Business
September 11, 2024
Wynn Issues $800M Debt to Redeem Bonds, Pay DOJ Settlement
Last week, the leading gaming and hospitality operator, Wynn Resorts, announced that it has reached a settlement with the US Department of Justice (DOJ). Under the settlement, the company’s subsidiary, Wynn Las Vegas, agreed to forfeit a record $130 million to settle alleged financial offenses. Now, Wynn announced the pricing of $800 million in senior […]
Business
September 10, 2024
Palms Casino Resort Appoints Stephen Thayer as General Manager
Palms Casino Resort, one of Las Vegas’s biggest off-Strip properties and the first fully tribal property in the city, has announced the appointment of a seasoned casino and hospitality executive as its new general manager. The one up to the task is none other than Stephen Thayer, the Strat’s former general manager. Thayer Has Vast […]
Business
September 10, 2024
Las Vegas Sands Increases Stake in Sands China
Las Vegas Sands (LVS) aims to consolidate its majority ownership in its Macau affiliate, Sands China, with a new capital injection of up to HK$800 million ($102.6 million). This tactical move by the gaming powerhouse will extend its majority ownership to nearly 72%, thus tightening control over Sands China’s activities in a pivotal time for […]
Business
September 10, 2024
GiG Names HR Veteran Kevin Norville as Chief People Officer
Gaming Innovation Group (GiG) has tapped online casino veteran Kevin Norville as its new chief people officer. He will bring important experience to the team and will be tasked with overseeing the company’s overall human resources strategy. GiG Adds HR Powerhouse to C-Suite As mentioned, Norville is no stranger to the online gaming industry. His […]
Business
September 10, 2024
Penn CEO Snowden Purchases $850K Worth of Company Stock
Penn Entertainment CEO Jay Snowden remains confident in the company’s stock, despite its recent decline. To highlight his trust in the company, the executive expanded its stake in the operator, purchasing 54,200 more shares for approximately $1 million. Snowden Now Owns Almost a Million Shares The purchase was outlined in a recent Securities and Exchange […]
Business
September 9, 2024
Betsson May Fuel Strategic Realignment with Three €100M Bonds
Stockholm-listed operator Betsson AB announced it is considering issuing new EUR-denominated senior unsecured bonds with a three-year tenor. The potential issue, valued at EUR 100 million ($110.46 million) under a framework of EUR 250 million ($276.15 million), comes as part of the company’s broader financial strategy to refinance outstanding bonds and support general corporate purposes […]
Business
September 9, 2024
Entain Posts H2 Growth Update, Highlights Favorable Performance
Gambling giant Entain just published an update on its strategy and trading momentum, reporting progress into the second half of the year. The company highlighted its recent achievement, expressing confidence in results that have so far exceeded its expectations and optimism about the future of its business. The report’s release comes ahead of investor meetings […]
Business
September 9, 2024
New BGC CEO Grainne Hurst Targets Growth and Stability
The Betting and Gaming Council (BGC), the single industry body representing the UK betting and gaming industry, confirmed that Grainne Hurst, has officially filled in her CEO role. Her appointment follows a strategic restructuring process that was initiated by the BGC earlier this year. In April, the exit of Brigid Simmonds saw the appointment of […]
Business
September 9, 2024
Ohio Gambling Treatment Network Will Make Support More Accessible
The Problem Gambling Network of Ohio (PGNO), a responsible gambling advocacy organization, has unveiled the Ohio Gambling Treatment Network (OGTN), a new telehealth system that provides free mental health support to locals experiencing gambling problems or concerns. OGTN Will Help People Overcome Excessive Gambling The launch of the new OGTN reflects PGNO’s commitment to safer […]
Business
September 6, 2024
DraftKings: Live Betting Improvements Are Key to Increased Market Share
DraftKings CEO Jason Robbins provided an insight into his company’s plans for the NFL season. According to him, his company might be able to catch up to FanDuel this season and cut into its competitors’ revenue share. DraftKings Hopes to Challenge FanDuel DraftKings and FanDuel have long exerted dominance over the US betting sector, competing […]
