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Industry
April 9, 2024
Analysts Predict a Dynamic Few Months for the US Gambling Sector
Bank of America Global Research released an investor note on Monday, providing insights into the upcoming first-quarter earnings reports of major players in the gaming industry. Analyst Shaun Kelley highlighted key points, focusing on sports betting giants like DraftKings and ESPN Bet, as well as regional casinos. These insights provide a concise outlook into the […]
Business
April 8, 2024
GiG Unveils Proposed Board Changes as Strategic Split Progresses
Gaming Innovation Group announced that the strategic split of its Media and Platform businesses is progressing well. As part of the process, the company’s nomination committee reviewed and evaluated two separate board compositions, which would optimize the two businesses. For reference, GiG Media will continue to operate under the current corporate structure. GiG Platform, on […]
Business
April 8, 2024
Genting Promises $1B in Taxes if Granted a Downstate NY License
As the battle for the three downstate casino licenses in New York continues, Resorts World New York’s owner, Genting Malaysia, has made a huge promise. According to the casino company, its property in the Empire State could create as much as $1 billion in annual taxes, if allowed to launch Vegas-style casino gaming. Resorts World […]
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 […]
