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Gambling News - 'Business'
Business
October 25, 2023
GLPI Reportedly Mulls over Further Investment in Oakland A’s Vegas Stadium
Gaming and Leisure Properties (GLPI), a Wyoming-based real estate investment trust specializing in casino properties, might consider boosting its investment in a Las Vegas baseball stadium. The stadium in question will be on the site of Tropicana Las Vegas and has already secured $175 million from the company. This information comes from Mitch Germain, a […]
Business
October 24, 2023
Widerström Spends $1.16M to Double 888 Shareholding
Per Widerström, the new head of 888 Holdings, has purchased over a million company shares, drastically increasing his stake. The move highlights the new CEO’s confidence in the value of the company’s shares and his conviction that the shares will rebound. Widerström’s latest move saw him spend £949,000 (approximately $1.16 million) on a total of […]
Business
October 24, 2023
iTech Labs Parts Ways with Sreekumar, Names Rizaldi as New CEO
iTech Labs, a world-leading testing and certification laboratory for online gaming systems, announced that its founder, Kiren Sreekumar, has retired from his position as CEO and managing director. Sreekumar vacated his seat on October 11, in line with his planned retirement. Sreekumar founded iTech Labs in 2004 and, over almost two decades, cemented the company […]
Business
October 24, 2023
Light & Wonder Finalizes SciPlay Acquisition
Leading gambling products and services provider Light & Wonder has finalized the acquisition of SciPlay Corporation, a developer and publisher of digital games on mobile and web platforms. Announced earlier this year, the M&A deal was signed in early August. Under the deal, Light & Wonder acquired the remaining 17% equity interest in SciPlay for […]
Casino
October 19, 2023
Mohegan Tribal Gaming Authority Secures New Funding for Mohegan Inspire Project
The Mohegan Tribal Gaming Authority (MTGA), a US tribal casino operator currently developing the integrated resort Mohegan Inspire in Incheon, South Korea, announced a Third Amendment to its credit agreement. This update signifies a change in lenders and the addition of a new revolving credit facility, marking another step in the project’s financing journey. Mohegan […]
Industry
October 19, 2023
PGCB: Pennsylvania Gaming Revenue Reached $476.3M in September
The Pennsylvania Gaming Control Board (PGCB) has published its report for September, outlining the performance of the Pennsylvanian casino and betting industry. Reflecting the overall growth of the gambling industry in the United States, the Keystone State reported a revenue growth of 6.2%. According to the PGCB, all forms of gambling collectively earned approximately $476.3 […]
Industry
October 18, 2023
AGA Publishes Commercial Gaming Revenue Tracker for August
The American Gaming Association has published its latest Commercial Gaming Revenue Tracker, providing state-by-state and nationwide insight into the performance of the United States’ gambling industry. The August results suggest that the US gaming industry might be in for a third record-breaking year in a row. As reported by the AGA, casino gambling industry revenue […]
Business
October 18, 2023
Inspired Entertainment Parts Ways with Rogers, Names Freeman as CCO
Inspired Entertainment, a provider of gambling content and solutions, has unveiled the appointment of Ian Freeman as its new chief commercial officer. Starting on November 16, the new hire will be responsible for expanding the presence of the company’s virtual sports products. As CCO of the company, Freeman is set to replace Steve Rogers. The […]
Business
October 17, 2023
Analyst Trusts MGM Resorts Shares to Hit $69 despite Recent Cyberattack
Several weeks ago, the casino giant MGM Resorts suffered a devastating cyberattack that forced it to shut down multiple systems. In the wake of the attack, the company was warned that its credit score might be lowered while its stock plummeted. Equity analyst David Katz, however, is optimistic that the casino juggernaut will make a […]
Business
October 17, 2023
Elys Game Technology Faces Delisting from Nasdaq
Elys Game Technology, a gaming technology provider listed on the Nasdaq under the ticker symbol ELYS, will likely be delisted as the company’s common stock did not maintain the minimum closing bid price required by Nasdaq Listing Rule 5550(a)(2). Elys’ management is now evaluating various options to regain compliance with listing requirements. Share Prices Remain […]