Industry
October 10, 2023
NJ Online Casinos Remain the Biggest Gambling Tax Contributor
The rise of online gambling in New Jersey continues, as demonstrated by the recent revenue results. The vertical continues to be a major tax contributor and, according to a PlayNJ report, has surpassed the taxes produced by the nine Atlantic City casinos for the last three years. For example, data from the NJ Division of […]
Business
October 9, 2023
PayNearMe Partners with Accertify to Enhance Gaming and Sports Betting Payments
The dynamic and rapidly evolving world of online gaming and sports betting necessitates continued investment in security and fraud prevention. Recognizing this, PayNearMe, a leading payments platform in the gaming industry, has joined forces with Accertify to integrate advanced fraud protection technology into its platform. This partnership aims to elevate security standards and give operators […]
Business
October 9, 2023
Entain Changes Priorities, Downscales Unikrn
Entain unveiled its plans to scale back Unikrn’s B2C operations amid notable restructuring plans. Unikrn, which was acquired by Entain two years ago, marked the gambling company’s foray into the world of esports. However, Unikrn seems to no longer align with Entain’s overall strategy. After acquiring Unikrn in October 2021, Entain re-launched the esports brand […]
Legal
October 6, 2023
Illinois Businessman Seeks Leniency after Bribing Politicians to Legalize Sweepstakes
An Illinois gambling businessman is seeking leniency after he was convicted of fraud, bribery and lying to FBI agents. He faces up to 20 years in prison for his crimes. The businessman, James T. Weiss, was convicted in June this year and is currently awaiting sentencing from US District Judge Steven Seeger. Seeking leniency for […]
Business
October 6, 2023
Continent 8 Appoints Industry Veteran as Director of Regulatory Affairs
Continent 8 Technologies, an award-winning provider of managed hosting, connectivity, cloud and security solutions, has reinforced its team with a major new appointment. As announced, the company will welcome the seasoned regulatory veteran Jeremie Kanter to its team, putting him in charge of Continent 8’s compliance-related matters. As a member of Continent 8, Kanter will […]
Business
October 6, 2023
MGM Resorts Cybersecurity Issue to Impact Q3 2023 Earnings
MGM Resorts International has revealed that the recent cybersecurity incident, which caused widespread disruptions across its North American operations, will have significant repercussions beyond damage to its reputation. The attack caused chaos and confusion among clients, with an upcoming lawsuit already in the works. Data breaches further exacerbated the issue, giving the hackers access to […]
Casino
October 6, 2023
Sightline’s New Deposit+ Tool Taps into Idle Slot Cash
Sightline Payments, a provider of award-winning cashless, mobile, and loyalty solutions, has introduced a revolutionary new solution called Deposit+. The latest addition to Sightline’s arsenal was described as a “groundbreaking new tool that empowers casinos to access all idle cash across the entire slot floor.” The new solution provides casino operators with daily access to […]
Business
October 5, 2023
Konami Gaming Appoints Five New Directors
Konami Gaming has introduced major changes to its leadership team, announcing a series of new promotions. The company’s sales and business development teams will be reinforced with experienced new individuals whose job will be to help the company explore opportunities in key markets. Among the new appointees are Josh Faish and Justin Torres who have […]
Business
October 5, 2023
NagaCorp’s Financial Confidence Rises with Improved VIP Gaming
Prominent Hong Kong-listed casino operator NagaCorp remained confident it would fulfill its financial commitments, particularly as it approaches the maturity date of its outstanding senior notes in July 2024. This optimism is underpinned by the company’s bolstered cash reserves, significantly enhanced due to the stellar performance of its flagship property, the Cambodian integrated resort NagaWorld. […]
Business
October 4, 2023
Paddy Power to Close 21 Shops, Promises to Support Affected Employees
Irish gambling company Paddy Power is set to close several shops in the country, local media outlets announced. According to the reports, the operator will be shutting down a total of 21 of its retail locations across Ireland. The company plans to close the venues in question because of their failure to perform well enough. […]
