Casino
October 9, 2024
Wynn Pumps Up Its Budget for Wynn Al Marjan Island
Casino and hospitality giant Wynn Resorts has opted to increase its investment in Wynn Al Marjan Island, its upcoming property in the United Arab Emirates. This announcement comes shortly after the company secured the first commercial gaming license in the region. The Company Just Secured The First Local License Wynn Al Marjan Island is set […]
Business
October 8, 2024
Esportes da Sorte Acquires ST Soft, Hopes to Open a New Leaf
Brazilian betting operator Esportes da Sorte has successfully obtained authorization to operate in Rio de Janeiro, thanks to its acquisition of ST Soft-operated Apostou.com, which had already received licensing by the state’s lottery provider Loterj in November 2023. This move allows Esportes da Sorte to establish a presence in the lucrative Rio de Janeiro market […]
Business
October 8, 2024
PENN Entertainment Unveils Preliminary Q3 Financial Results
Today, PENN Entertainment revealed its preliminary financial results for the third quarter ending 30 September 2024, highlighting stronger-than-expected results for its interactive unit, Penn Interactive, which includes the ESPN Bet platform. The company noted the digital segment was performing better than projected, expressing a stable outlook for its retail operations going into 2025. Overall Financials […]
Business
October 8, 2024
Rivalry Further Shrinks Its Workforce amid Strategic Refocus
Rivalry, a next-gen sports betting and media company, announced that it has laid off 28 employees, including its global marketing director. The new redundancies are a part of a company restructuring, according to EGR. Another Few Dozen Employees Have Been Dismissed As reported, the restructuring comes amid Rivalry’s shift toward the crypto betting sector. Earlier […]
Business
October 8, 2024
Gentoo Media Rebrands GiG Comply as Sitebee
Gentoo Media has announced the rebrand of GiG Comply as Sitebee, reflecting the company’s recent spin-off from GiG. The move comes several days after GiG was split into GiG Software and Gentoo Media. The New Identity Reflects Gentoo’s Own Rebrand GiG Comply, now known as Sitebee, is the company’s cutting-edge SaaS solution that has been […]
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 […]
