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Business
October 7, 2024
Steve Wynn Lowers Price of NYC Penthouse after No Buyer Is Found
Billionaire and casino mogul Steve Wynn has been trying to sell a luxurious penthouse in New York City. However, since no buyer has been found yet, the businessman was forced to lower the price by some $20 million. Steve Wynn Failed to Sell the Luxurious Property According to Realtor, the residence on sale is currently […]
Business
October 4, 2024
DraftKings Shuts UK DFS Platform Down, Ends Business in Europe
DraftKings has decided to put an end to its daily fantasy sports (DFS) operations in the United Kingdom amid ongoing efforts to streamline and optimize the company’s business. Effective immediately, the decision will prevent players from participating in new contests. DraftKings’ Business in Europe Is No More DraftKings has operated daily fantasy sports in the […]
Business
October 4, 2024
FDJ, Not Concerned About French Gambling Tax Rise Amid Stock Price Hit
Shares of French gaming group La Française des Jeux (FDJ) have plummeted on Thursday following a report that the French government is contemplating the idea of boosting social security contributions from the gambling sector starting in 2025. According to the business daily Les Echos, this measure is aimed at enhancing the Social Security budget, leading […]
Business
October 4, 2024
Betfred to Exit Virginia Too as Its Departure from Arizona Looms
Betfred has announced its exit from yet another US market amid an ongoing downsizing of its business in America. The latest state where the sports betting operator’s products will no longer be available is Virginia where it officially stopped taking bets on Tuesday. The Company Struggled in Virginia Betfred has been gradually exiting the US […]
Industry
October 1, 2024
AGA: Industry Leaders Expect the Sector’s Growth to Slow Down
The American Gaming Association (AGA) published its latest Gaming Industry Outlook, highlighting that industry leaders are cautiously optimistic about the business situation. While respondents generally believed that the current state of affairs is at least satisfactory, many are still wary of the growth slowdown. Operators Are Satisfied with the Conditions But Cautious about the Future […]
Business
October 1, 2024
Gentoo Media and GiG Software Complete Long-Planned Business Split
Gaming Innovation Group has officially completed its strategic business split into Gentoo Media and GiG Software. According to the announcement, the division was finalized on September 30. Gentoo Media Hailed the Split The company’s split has been several months in the making and has now finally been enacted. Gentoo Media will therefore continue as an […]
Business
October 1, 2024
Bet365 Continues Its North American Journey with New Denver HQ
Sports betting juggernaut bet365 has opened its new headquarters in the United States. Based in Denver, the HQ is set to provide jobs to some 1,000 locals. The New HQ Will Create Hundreds of Jobs According to Governor Jared Polis and the Global Business Development Division of the Colorado Office of Economic Development and International […]
Industry
September 30, 2024
Evolution Refuses to Budge as Strike Drags on
Evolution’s head of investor relations, Carl Linton, emphasized that the company believes it is in the right, in spite of the ongoing strike. In interviews with EGR and NEXT.io, Linton echoed his company’s stance, slamming the strike as counterproductive. Evolution Wants to Reach a Sensible Resolution Linton dismissed claims that the Evolution Georgia strike is […]
Legal
September 30, 2024
Shareholder Lawsuit May Derail Apollo-Everi Acquisition
Dan Clancy, a shareholder of Everi Holdings, on Wednesday, 25 September, filed a suit to block the proposed $6.3 billion deal by Apollo Global Management to acquire the company. The lawsuit accuses Everi’s board of directors of violating securities laws by submitting a misleading and incomplete proxy statement regarding the deal. The Deal Has Significant […]
Industry
September 30, 2024
US Tax Foundation Discusses the Disparity in State Betting Taxes
The Tax Foundation has published a report on the various states’ approach to how sports betting should be taxed. The foundation highlighted noticeable disparities between states with high taxes and ones in low taxes. The Tax Rates Vary from State to State The report pointed out that New York, New Hampshire and Rhode Island have […]
