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Industry
January 16, 2024
Macau Can Expect Stable Q4 EBITDA Growth
Macau’s six concessionaires are expected to report a 6% increase in aggregate Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter of 2023, with SJM Holdings and Wynn Macau leading the way. The casino resorts must adapt to rapidly shifting industry trends, but 2024 should present more opportunities than challenges, helping the […]
Industry
January 15, 2024
Macau Jockey Club Terminates Concession as Losses Exceed $2.5B
Macau Horse Racing Company Limited, the company behind the Macau Jockey Club, announced with regret that it has reached an agreement with the Macau government to terminate its concession contract. Under this agreement, the contract will expire on April 1, 2024. The Macau Jockey Club was founded through a contract between the Portuguese government and […]
Business
January 15, 2024
Android Allows RMG Apps in Three Markets, Announces Fee Changes
Android has officially allowed real-money gaming (RMG) apps to appear on the Google Play store in Brazil, India and Mexico. The decision will come into force on June 30, 2024. Android also allowed developers trialing RMGs in India and Mexico to continue offering their pilot products until the official launch. In line with the approval […]
Business
January 15, 2024
Las Vegas Businesses Seek Compensation after Formula One
Local businesses in Las Vegas, particularly in the Flamingo Road-Koval Lane-Harmon Avenue area, seek compensation after losing an estimated $23 million during the inaugural Formula One Las Vegas Grand Prix in November. While the event brought many new visitors to the Strip, many businesses could not take advantage, suffering from troubled organization and ongoing traffic […]
Business
January 12, 2024
888 Group Announces Job Cuts in Israel amid Global Restructuring
Online gambling giant 888 Group has confirmed a wave of job cuts in Israel as part of its broader organizational restructuring, impacting dozens of its regional employees. This move follows a similar round of layoffs in the country last January. Such events are rarely a good sign, but 888 should still be able to recapture […]
Business
January 12, 2024
Raketech Parts Ways with CEO Mühlbach over Strategic Disagreements
Leading online affiliate and content marketing specialist Raketech announced that Oskar Mühlbach will depart from his role as chief executive officer. The company cited strategic disagreements between Mühlbach and the board as the reason for this departure but pointed out that all parties agreed to this development. According to Raketech’s announcement, Mühlbach had different views […]
Business
January 11, 2024
Allwyn Names Steve Parkinson as Brand and Marketing Director
Allwyn UK, the successor of Camelot as The National Lottery operator, announced a major new appointment. According to the announcement, Steve Parkinson, a former Bauer Media leader, will join the Allwyn team as its new brand and marketing director. In this new position, Parkinson will leverage his expertise to grow The National Lottery and help […]
Business
January 11, 2024
LeoVegas’ Exclusive Jackpot Can Be a Game-Changer
LeoVegas, a prominent player in the iGaming industry, is making waves with its LeoJackpot, hailed as the world’s largest online casino jackpot. The company believes this feature will be a game-changer, contributing significantly to LeoVegas Group’s branding, market position, and strategic initiatives. This offering should help LeoVegas maintain its 2023 momentum and retain its leadership […]
Business
January 11, 2024
Richard Flint to Leave Flutter’s Board in May
Flutter Entertainment is set to part ways with one of its directors. According to the announcement, Richard Flint, ex-chief executive of Sky Betting & Gaming, will not seek re-election and will instead depart from the board. Flint will finish his current term, which is set to run until May 1. On that date, Flutter will […]
Business
January 11, 2024
GLPI Is Optimistic about M&A Opportunities in 2024, Analyst Says
Gaming and Leisure Properties Inc. (GLPI) is projecting a better environment for M&A activity in 2024. An analyst discussed the matter following a conference call with GLPI’s leadership. As reported by CDC Gaming Reports, Barry Jonas, an analyst at Truist Securities, told investors that GLPI has a balance sheet flexibility that will provide it with […]
