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Casino
April 5, 2024
Marina Bay Sands to Build Fourth Tower by 2029
Marina Bay Sands (MBS), Singapore’s renowned casino and hotel resort, is embarking on a significant expansion of its downtown property, with plans to construct a fourth tower by 2029. After being hindered by the COVID-19 pandemic, MBS announced on Friday that full-scale construction will commence by July 2025, aiming for completion by July 2029. The […]
Business
April 5, 2024
Catena Media Names Gerrow CFO; Edeen Takes Advisory Function
Catena Media, a performance-based online marketing company serving the iGaming and sports betting sectors, has unveiled another addition to its C-suite. The company, which recently made other major leadership changes, announced that the experienced Michael Gerrow will now serve as group chief financial officer. In his new position, Gerrow will leverage over 15 years of […]
Casino
April 5, 2024
Bally’s Prepares to Implode Tropicana by the End of the Year
As the demolition of the Tropicana casino hotel in Las Vegas draws near, Bally’s Corporation is trying to secure the necessary permits for imploding the property. Because of the procedure’s intricacies, the casino operator would need to secure dust control and asbestos abatement permits, among other permits. Traffic would also need to be taken into […]
Casino
April 5, 2024
South Korea Invests $1.85M in Kangwon Land to Ensure Its Competitiveness
South Korea’s government has unveiled a massive expansion of its Kangwon Land casino resort. The state-owned property will be remodeled to triple the area of its casino floor, allowing it to welcome more guests. The Kangwon Land gaming area, which covers 167,000 square feet currently, will be expanded to cover approximately 533,000 square feet. In […]
Industry
April 5, 2024
JPM: FanDuel Targets Future Growth, Regrets Insufficient Past Investments
JMP Securities analysts said that FanDuel regrets not investing more in customer acquisition, according to a NEXT.io report. Representatives of the investment group met with FanDuel executives over dinner, discussing a number of relevant topics. FanDuel Believes It Should Have Invested More in Acquisition As reported, FanDuel’s chief financial officer, David Jennings, and Flutter’s director […]
Business
April 4, 2024
Flutter Entertainment Plans Primary Listing Shift from London to New York
Flutter Entertainment Plc, the parent company of FanDuel, has announced plans to shift its primary listing from London to New York, hoping to capitalize on the fast-growing US market and attract new retail investors. The Dublin-based gambling giant has scheduled a shareholder vote on 1 May to seek approval for the move. The Move Should […]
Business
April 4, 2024
NagaCorp Publishes Q1 Results, Highlights VIP Segment Growth
NagaCorp, a Hong Kong-listed gambling company, has published its unaudited operational highlights for the first quarter of the year, reporting a significant increase in gross gaming revenue. The company’s results were underpinned by a strong performance of the premium VIP market. In the three months ended March 31, 2024, NagaCorp recorded a total GGR of […]
Business
April 4, 2024
Entain’s Barry Gibson to Retire, Stella David Named as Next Chair
Global betting and gaming giant Entain will be undergoing another internal reshuffling as chair Barry Gibson announced his decision to step down from the board. He will be succeeded by Stella David, the company’s interim CEO. According to the announcement, Gibson will step down by September 2024. If Entain succeeds in finding a suitable permanent […]
Business
April 4, 2024
Kambi Tribal Report: Most Bettors Reinvested Their Winnings
Kambi has published its Tribal Sports Betting Report 2024, highlighting a dramatic increase in betting handle among its tribal operator partners. According to the group, its North American tribal clients saw a handle increase of 128% between 2022 and 2023. The increase in handle was driven by a number of factors, including the growing popularity […]
Business
April 4, 2024
Nevada Gives Initial Thumbs Up to Aristocrat’s Takeover Bid for NeoGames
Aristocrat has inched closer to acquiring NeoGames as the Nevada Gaming Control Board recommended the approval of the transaction. The matter will be officially settled at the board’s upcoming meeting on April 18, CDC Gaming Reports reported. NeoGames was founded in 2014 and, in 2023, secured a license to operate in Nevada. The company later […]
