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Business
September 11, 2024
DraftKings Eyes Other Solutions to Deal with Taxes after Surcharge Failed
DraftKings recently gave up on its plans for a surcharge fee after it received а strong backlash from its customer base. Fans were not on board with the changes, which caused an immediate blow to the operator’s stock. The company might have given up on the surcharge but it is still looking for ways to […]
Business
September 10, 2024
Palms Casino Resort Appoints Stephen Thayer as General Manager
Palms Casino Resort, one of Las Vegas’s biggest off-Strip properties and the first fully tribal property in the city, has announced the appointment of a seasoned casino and hospitality executive as its new general manager. The one up to the task is none other than Stephen Thayer, the Strat’s former general manager. Thayer Has Vast […]
Business
September 10, 2024
Las Vegas Sands Increases Stake in Sands China
Las Vegas Sands (LVS) aims to consolidate its majority ownership in its Macau affiliate, Sands China, with a new capital injection of up to HK$800 million ($102.6 million). This tactical move by the gaming powerhouse will extend its majority ownership to nearly 72%, thus tightening control over Sands China’s activities in a pivotal time for […]
Business
September 10, 2024
GiG Names HR Veteran Kevin Norville as Chief People Officer
Gaming Innovation Group (GiG) has tapped online casino veteran Kevin Norville as its new chief people officer. He will bring important experience to the team and will be tasked with overseeing the company’s overall human resources strategy. GiG Adds HR Powerhouse to C-Suite As mentioned, Norville is no stranger to the online gaming industry. His […]
Business
September 10, 2024
Penn CEO Snowden Purchases $850K Worth of Company Stock
Penn Entertainment CEO Jay Snowden remains confident in the company’s stock, despite its recent decline. To highlight his trust in the company, the executive expanded its stake in the operator, purchasing 54,200 more shares for approximately $1 million. Snowden Now Owns Almost a Million Shares The purchase was outlined in a recent Securities and Exchange […]
Business
September 9, 2024
Betsson May Fuel Strategic Realignment with Three €100M Bonds
Stockholm-listed operator Betsson AB announced it is considering issuing new EUR-denominated senior unsecured bonds with a three-year tenor. The potential issue, valued at EUR 100 million ($110.46 million) under a framework of EUR 250 million ($276.15 million), comes as part of the company’s broader financial strategy to refinance outstanding bonds and support general corporate purposes […]
Business
September 9, 2024
Entain Posts H2 Growth Update, Highlights Favorable Performance
Gambling giant Entain just published an update on its strategy and trading momentum, reporting progress into the second half of the year. The company highlighted its recent achievement, expressing confidence in results that have so far exceeded its expectations and optimism about the future of its business. The report’s release comes ahead of investor meetings […]
Sports
September 6, 2024
Casino Mogul Ira Lubert Donates $10M to Beaver Stadium Renovation
Ira Lubert, a prominent Penn State alumnus, trustee, and successful casino owner, has donated $10 million toward ongoing renovations at Beaver Stadium, Penn State’s iconic football field. The university announced the generous gift that will give Lubert and his family naming rights, honoring them through the planned Lubert Family Welcome Center. A Centerpiece Project Will […]
Poker
September 6, 2024
Rediscover the Thrill of Poker in Trapped, a New Graphic Novel
Poker commentator and stand-up comedian Joe Stapleton has launched a Kickstarter campaign for Trapped, a new poker-themed graphic novel. Described as a “Rounders meets Deadpool,” the comic will follow the story of a fictional counterpart to Stapleton. The comic was illustrated by Neil Gibson, who is an experienced comic book artist and founder of Twisted […]
Industry
September 6, 2024
Star Sports Eyes Sporting Index Acquisition amidst UK Competition Probe
In a potentially significant development for the UK betting landscape, Star Racing, a division of Star Sports, has announced it is looking to acquire Sporting Index from the bookmaker Spreadex. This move comes in response to the ongoing investigation by the UK’s Competition and Markets Authority (CMA) into the merger between Spreadex and Sporting Index […]
