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Business
December 13, 2024
Caesars Completes LINQ Promenade Sale, Repays Debt
American casino and hospitality giant Caesars Entertainment announced that it has completed the sale of its LINQ Promenade in Las Vegas. The sale of this Las Vegas asset was announced earlier this year and aligned with the casino and hospitality giant’s debt reduction goals. Caesars Used the Money for a Debt Prepayment Caesars agreed to […]
Business
December 12, 2024
FanDuel Appoints Two New Directors of Government Relations
American betting leader FanDuel Group has enhanced its leadership team with two additions. According to the announcement, James Hartmann and Louis Trombetta have both been designated as directors of government relations. Both Appointees Have Unique Track Records According to FanDuel, the appointees will reinforce the company’s ties with the government in states where it already […]
Industry
December 12, 2024
Macau Gaming Tax Revenue Soars as Recovery Accelerates
Macau’s gaming sector remains in full swing as November’s government gaming tax revenue hit MOP$8.0 billion ($999 million), up 6.4% year-on-year and up 20.3% compared to October, according to the latest figures from the Macau Financial Services Bureau (DSF). These figures underline the region’s ongoing resurgence following pandemic-induced setbacks. Key Metrics Recorded Significant Increases Gross […]
Business
December 12, 2024
Analysts Optimistic Regarding Flutter’s Prospects Despite Market Headwinds
Flutter Entertainment, the parent company of FanDuel, continues to enjoy optimistic projections among analysts, with recent evaluations highlighting its strong market position and robust growth potential. Macquarie and Deutsche Bank analysts continue to be confident in Flutter’s long-term prospects despite a challenging market environment, citing its consistent performance in key markets. Experts Largely Agree in […]
Business
December 12, 2024
OLG Boosts Online Gaming As Private-Sector Rivals Grow
The Ontario Lottery and Gaming Corporation (OLG) is stepping up its game to hold its ground in the competitive Ontario iGaming scene, following advice from the Auditor General’s 2022 review. This action comes as the corporation feels the heat from private companies since the province opened up its online gambling market in April 2022. OLG […]
Business
December 11, 2024
Wynn Boosts Investor Relations Team with New VP & SVP
Casino and hospitality juggernaut Wynn Resorts has expanded its investor relations team with two new appointments. The new hires will be tasked with overseeing the company’s investor relations strategy as Wynn seeks to further grow its business. Wynn Enhances Its IR Team with New Appointments The two additions to Wynn’s IR team are Price Karr […]
Business
December 10, 2024
Bragg Insider Purchases Highlight Leadership’s Near-Term Confidence
Bragg Gaming Group, a B2B provider of iGaming content and technology, has announced that the significant insider purchases that took place on December 10 highlighted the company’s confidence in its business. The company reiterated its optimistic FY 2025 guidance and implied that a sale might still be on the table. The Bragg Leadership Is Optimistic […]
Business
December 10, 2024
Underdog’s Peer-to-Peer Shift Enabled Business Growth
Underdog Fantasy, a leading daily fantasy sports (DFS) operator, has deviated from its original operating model in several states in an attempt to expand its business while remaining compliant with local regulations. As a result, it now operates player-versus-house DFS in half of its US markets and peer-to-peer in the rest. The Company Went Peer-to-Peer […]
Business
December 10, 2024
Videoslots Rebrands as Immense Group, Reflecting Its Rising Prominence
Videoslots Ltd., a trailblazer in the online gaming industry since its inception in 2011, has officially rebranded as Immense Group. The new name shows how the company has transformed from a single-brand casino to a multi-brand, vibrant, globally recognized company ready for ambitious growth while delivering cutting-edge customer experiences. New Name, Same Commitment to Excellence […]
Business
December 9, 2024
Allwyn Q3 Boosted by Strong Performance in Key Markets
Allwyn has published its preliminary unaudited financial results for the third quarter of 2024. As the company recorded increases across the board, CEO Robert Chvatal expressed excitement about its standout performance in Greece and Cyprus. A Strong Quarter for Allwyn In Q3 2024, Allwyn reported a total revenue of EUR 2.14 billion ($2.26 billion), marking […]
