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Business
April 5, 2024
Moody’s Confirms Stable Outlook for LVS, Highlights Potential Credit Risks
The leading global provider of credit ratings, research and risk analysis, Moody’s Investor Service, released a new update, highlighting important details regarding the credit profile of the global gaming and entertainment giant, Las Vegas Sands (LVS). Earlier this week, the company published a credit analysis, highlighting that currently, LVS has a Stable Outlook. Moreover, Moody’s […]
Business
April 4, 2024
Flutter Entertainment Plans Primary Listing Shift from London to New York
Flutter Entertainment Plc, the parent company of FanDuel, has announced plans to shift its primary listing from London to New York, hoping to capitalize on the fast-growing US market and attract new retail investors. The Dublin-based gambling giant has scheduled a shareholder vote on 1 May to seek approval for the move. The Move Should […]
Business
April 4, 2024
BVGroup Facilitates the Foray of Kaizen’s Betano into the UK
Kaizen Gaming, one of the fastest-growing gametech companies in Europe, has formed a partnership with BVGroup, an online gambling operator and B2B technology solutions provider. Thanks to the tie-up, the former company will get to launch its flagship Betano brand in the United Kingdom. The move will allow Kaizen Gaming to further expand its geographical […]
Business
April 4, 2024
NagaCorp Publishes Q1 Results, Highlights VIP Segment Growth
NagaCorp, a Hong Kong-listed gambling company, has published its unaudited operational highlights for the first quarter of the year, reporting a significant increase in gross gaming revenue. The company’s results were underpinned by a strong performance of the premium VIP market. In the three months ended March 31, 2024, NagaCorp recorded a total GGR of […]
Business
April 4, 2024
Entain’s Barry Gibson to Retire, Stella David Named as Next Chair
Global betting and gaming giant Entain will be undergoing another internal reshuffling as chair Barry Gibson announced his decision to step down from the board. He will be succeeded by Stella David, the company’s interim CEO. According to the announcement, Gibson will step down by September 2024. If Entain succeeds in finding a suitable permanent […]
Business
April 4, 2024
Kambi Tribal Report: Most Bettors Reinvested Their Winnings
Kambi has published its Tribal Sports Betting Report 2024, highlighting a dramatic increase in betting handle among its tribal operator partners. According to the group, its North American tribal clients saw a handle increase of 128% between 2022 and 2023. The increase in handle was driven by a number of factors, including the growing popularity […]
Business
April 4, 2024
Nevada Gives Initial Thumbs Up to Aristocrat’s Takeover Bid for NeoGames
Aristocrat has inched closer to acquiring NeoGames as the Nevada Gaming Control Board recommended the approval of the transaction. The matter will be officially settled at the board’s upcoming meeting on April 18, CDC Gaming Reports reported. NeoGames was founded in 2014 and, in 2023, secured a license to operate in Nevada. The company later […]
Business
April 3, 2024
Andrea Bossard Promoted to Senior Director, Engineering at GLI
The leading provider of iGaming and lottery testing, assessment and other services powering gambling operators across the globe, Gaming Laboratories International (GLI), strengthened its senior-level team with a new promotion. The company confirmed on Tuesday it selected Andrea Bossard for the role of senior director of engineering. The latest appointment represents a promotion for the […]
Business
April 3, 2024
Pragmatic Play Supplies Slot Games and Live Casino to Hommerson Casino
Pragmatic Play, a leading supplier of iGaming content, has agreed to provide games to Hommerson Casino, one of the newest actors in the Netherlands’ online gaming market. As agreed, the former company will supply the newly launched casino brand with its portfolio of cutting-edge slots. The addition of Pragmatic Play’s content will provide Hommerson with […]
Business
April 3, 2024
Bally’s Remains Bullish on Petersburg Casino Despite Credit Rating Setbacks
Bally’s Corporation just suffered another setback as Fitch Ratings, an American credit rating agency, lowered its outlook on the operator. Previously B+, the company’s rating has now been reduced to B because of the casino company’s precarious financial situation. Fitch is not the only big credit rating agency to lower Bally’s either. Previously, Moody’s and […]
