Industry
September 12, 2024
Republican Involvement Reinvigorates Fight for Smoke-Free New Jersey Casinos
The efforts to end smoking inside New Jersey’s casinos have been reinvigorated by several Republicans’ decision to back the movement. This significant development could possibly revive a smoking ban bill that failed to pass in 2023. Industry Giants Are Reluctant to Ban Smoking Casino workers in New Jersey have been fighting to end indoor smoking […]
Business
September 12, 2024
The Star Entertainment to Receive $100M from Lenders
The Star Entertainment Group is set to receive more backing from its lenders amid the financial trouble it faces. The Australian casino and hospitality giant has been offered AUD 150 million to deal with the issues and stabilize its business. The Star Entertainment Is Struggling Financially The lenders proposed providing AUD 150 million ($100 million) […]
Industry
September 11, 2024
Norway’s Gambling Monopoly May Be Nearing Its End
Norway’s Conservative Party – Høyre – has called for the end of the Nordic nation’s long-standing gambling monopoly in its latest party manifesto. If successful, this effort could see a fully liberalized market as early as 2028. Norway remains the only Scandinavian country with a state-controlled gambling monopoly after its neighbors introduced milestone reforms to […]
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 […]
