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Business
January 6, 2025
Deutsche Bank Analyst Shares Favorable Projections for Caesars Digital
Caesars Entertainment might take action to reinforce its digital gaming business followed continued suboptimal growth, a Deutsche Bank analyst believes. He also projected a property EBITDAR decline of 2% despite a variety of opportunities within the land-based sector. The Company Is Likely to Bolster Its Digital Business In an investor note, Deutsche Bank analyst Carlo […]
Business
January 3, 2025
Codere Online in Peril amid Possible Lawsuit, Delisting
Codere Online is in peril amid various threats to its business. In addition to a possible class action lawsuit, a potential Nasdaq delisting seems to be inching closer. Codere Parted Ways with Its Auditor On December 27, Codere Online parted ways with its auditor Marcum. The latter was unable to complete the audit procedures Codere […]
Business
January 2, 2025
Mohegan INSPIRE Posts Inspiring Q3 Financials
The Mohegan INSPIRE Entertainment Resort in South Korea has disclosed its Q3 financials, revealing that business continues to gain traction. The new property, adjacent to the bustling Incheon International Airport, reflects the American company’s ambition to expand on a global level. Gaming and Visitation Continued to Grow As reported by Inside Asian Gaming, Mohegan INSPIRE […]
Business
January 2, 2025
DraftKings Shares Underperform amid Insider Selling
DraftKings Inc. had a tough December, with its shares falling 10.62% over the last month. This underperformance contrasts the broader market, with the Consumer Discretionary sector down just 0.11% and the S&P 500 Index up 0.4%. Retail investors are also unhappy due to 2024’s significant insider stock selling, which did not help DraftKinds’ shares. DraftKings […]
Business
December 31, 2024
Cordish Names Greg Hinton as VP of Finance for Live! Casino & Hotel Louisiana
Cordish Gaming Group, The Cordish Companies’ gaming arm, has designated Greg Hinton as the vice president of finance of its new property in Louisiana. In this position, the appointee will be responsible for managing the new property’s financial operations as the operator penetrates the Shreveport-Bossier market. Live! Casino & Hotel Louisiana Targets Q1 2025 Launch […]
Business
December 30, 2024
Allwyn Secures 51% Stake in Novibet Parent Company
Allwyn has secured a majority stake in Novibet’s parent company Logflex MT Holding Limited. The deal will expand the former company’s position as a leading lottery company and a rising iGaming star. Allwyn Continues to Grow Its Business As confirmed by Allwyn, the transaction will see it acquire a controlling 51% stake in Logflex. This […]
Industry
December 30, 2024
Truist Securities Predicts High M&A Activity in 2025
Truist Securities has expressed optimism about a potential rebounding in mergers and acquisitions within the gaming sector. This would notably end a fairly dry period of low M&A activity. Truist Trusts the Favorable Conditions At the Wicked Good 12th Annual GLLR Summit in Boston, Truist Securities highlighted a number of favorable conditions that could lead […]
Business
December 30, 2024
Congressman Bid on Wynn Before Fertitta’s Stake Was Announced
Texas Rep. Dan Crenshaw had invested in gambling giant Wynn Resorts before Tilman Fertitta’s initial stake became public. As reported by casino.org, Crenshaw made his purchases several days after Fertitta’s stake and several days before the latter was made public. Crenshaw Bought Shares Shortly After Fertitta According to the report, Crenshaw spent between $1,001 and […]
Casino
December 17, 2024
Ho-Chunk Plans New Casino and Racetrack in South Sioux City
Nebraska may soon get a new casino and horse racing track as Ho-Chunk Inc. eyes South Sioux City. The company has been planning a new property ever since the state greenlit horse racing four years ago. The New Casino Will Broaden Ho-Chunk’s Horizons Immediately after horse racing was legalized, Ho-Chunk made plans for casino properties […]
Business
December 17, 2024
XLMedia Plans £16M Tender Offer in 2025 as Part of Business Wind-Down
XLMedia PLC, a digital media affiliate company listed on the Alternative Investment Market (AIM), plans to start a £16 million ($20.2 million) tender offer in early 2025. This move is part of its plan to close down operations and give value back to shareholders. XLMedia Evolves into Cash Shell Entity Post Asset Sales XLMedia made […]
