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Industry
November 28, 2020
Genting Malaysia Announces MYR726.3 Million Net Loss in Q32020 Due to Covid-19
The Group’s operating performance in 3Q20 was on the path of recovery due to the resume of activity, but the operator still felt the impact of the complete shutdown in March and the ongoing strict measures to limit the spread of the virus. Total Revenue in 3Q2020 Halved In 3Q2020, Genting Malaysia Berhad managed to […]
Industry
November 27, 2020
Lotto-Quebec Refutes Claims Casinos Facilitate Money Laundering
Allegations that casinos in the Canadian province of Quebec are facilitating money laundering for organized crime were rebuffed by the provincial gambling regulator Lotto-Quebec. A series of reports issued by Le Journal de Montreal claimed that Casino de Montreal is welcoming individuals linked to organized crime, citing Stefano Sollecito, an alleged mafia boss who gambled […]
Industry
November 27, 2020
Rush Street Interactive Revenue Surges by 370% in Q3
One of the fastest-growing online casino and sports betting gaming companies in the United States reported an incredible rise in profit in July-September 2020 and increased its outlook for the financial year ending in December 2020 by 20%. Revenue, Ebitda, and Real Money Users on the Rise Chicago-based Rush Street Interactive, experienced in developing, supplying, […]
Industry
November 27, 2020
Cirsa Reports Losses Due to Covid-19 Impact
Despite the unprecedented situation and multiple operating restrictions, Cirsa has proven the stability of its business model and has taken immediate steps to adapt its activity to the new environment. Despite the loss in revenue in 3Q2020, the company has started to recover rapidly and has even achieved pre-Covid results in some areas. Net Operating […]
Industry
November 27, 2020
Nevada’s October Gaming Down 19.5% YOY, Betting Soars
Nevada’s gaming revenue was still down 19.5% year-over-year in October, but it posted better results than September 2020. Meanwhile, sports betting handle has been beating all expectations. Nevada Posts Decline in Gaming, Improves MOM The State of Nevada has posted a moribund October with gaming revenues shrinking down by 19.5% year-over-year, but the Silver State […]
Industry
November 26, 2020
Risk of Developing Gambling Addiction in Texas Increases
Gambling activities in Texas are increasing during the period of uncertainty caused by the virus outbreak and spread, the executive director of an association claims, pointing to the risk of gambling addiction increase. Gambling Cannot Solve Financial Issues Janet Miller, the executive director for the Louisiana Association on Compulsive Gambling said there were more calls […]
Industry
November 26, 2020
Ezugi and Caesars Entertainment Team Up to Offer Live Dealer Games in New Jersey
The agreement includes Ezugi’s titles, such as American Blackjack, American Roulette, Baccarat, Unlimited Blackjack, Three Card Poker and Casino Hold’em games to be accessible to players at Caesars Casino & Sports New Jersey Live Casino Experience at Caesars’ New Jersey Gaming Venue Live dealer casino gaming provider Ezugi has joined forces with casino-entertainment company Caesars […]
Industry
November 26, 2020
Former TSG Data Analyst Rich Ellis Heads Data at Betclic
Betclic is tapping the talent of Rich Ellis who will head the data department at the company, having worked for over seven years at TSG. Rich Ellis to Spearhead Data Strategy at Betclic Betclic is tapping talent from The Stars Group (TSG) with the company scooping up former data science director Rich Ellis who will […]
Industry
November 26, 2020
New Zealand Pokies Surge after Lockdown, Post 116% Profit
In New Zealand, the gaming machines sector has seen its profits soar tremendously after the end of Level 4 restrictions on June 8, 2020. With no more restrictions when it comes to sports, work, school and internal travels that meant class four venues were allowed to reopen, and specifically those that operate pokies. Kiwis were […]
Industry
November 25, 2020
Bernstein: Macau’s Recovery Goes through Mass Premium Sector
Sparkling casinos and world-renowned hotels welcome tourists in Macau, a former Portuguese colony that has now become a Special Administrative Region of the People’s Republic of China. Travellers particularly appreciate the mix of Las Vegas-style rhinestones and rich history. As tourists are not all there for gambling, specialists said that there still was a parallel […]