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Business
August 19, 2024
Analyst Claims Penn Entertainment Is Undervalued
However, Penn Entertainment has been rallying over the past 90 days, inching up 20.7% and Barry Jonas, a Truist Securities analyst, believes that there is more than meets the eye in the company. Penn is also a potential acquisition target for Flutter Entertainment, although the company seems reluctant to sell. Penn’s Unrecognized Value May Play […]
Casino
August 19, 2024
Trump and Harris Zero Tax on Tips for Casino Workers May Be Red Herring
Both Trump and Harris have promised casino workers that they would pass legislation that exempts tips from taxes, effectively boosting their cash-on-hand in real terms. Yet, none of the two candidates has told workers how hard passing such legislation would be, verging on the impossible. Trump and Harris Think Good Politics, Not Good Policy Eliminating […]
Industry
August 16, 2024
AGA Hails 14th Consecutive Quarter of Growth with Gaming Revenue Hitting $17.63B
In the quarterly update of its Commercial Gaming Revenue Tracker, the American Gaming Association (AGA) noted that the industry has continued to grow well into the second quarter of 2024, registering gains across all tracked performance markers, namely total gross gaming revenue, traditional casino gross gaming revenue, sports betting gross gaming revenue, and iGaming gross […]
Industry
August 16, 2024
Tropicana Atlantic City Teen Muggers Busted
Last Friday, a man was walking outside the Tropicana Atlantic City, when he was approached from behind by a group of five teenagers. None of them were older than 15, police would soon establish. Perpetrators Do Not Get Away with It In the moment, one of the boys pulled out a large knife and put […]
Casino
August 16, 2024
NGCB Goes after Resorts World Las Vegas in Illegal Bookmakers Case
The Nevada Gaming Control Board claims to have found evidence that Resorts World Las Vegas and “its agents” and “affiliated companies” have been complicit with illegal bookmakers, which in turn had ties to organized crime. Resorts World Faces Damning Allegations in Las Vegas The allegations come as part of a disciplinary hearing held this Thursday […]
Business
August 16, 2024
Gambling.com’s “High Intent” Audience Secures 18% Jump in Revenue
Blaming a downturn in performance on Google updates and algos is a common litany in the affiliate industry. Yet, Gambling.com Group has broken away from the ranks of moaners and posted one of its strongest quarters to date. The Group generated an 18% gain year-over-year in its Q2 results, with its revenue hitting $30.5 million […]
Industry
August 16, 2024
Channelization Rates in Portugal Suffer as Gamblers Turn to Illegal Gambling
According to the Portuguese Association of Online Betting and Gaming (APAJO), the country is facing a significant interest in betting on unregulated websites by consumers. Based on a recent survey called Online Gambling Habits of the Portuguese, 41% or 2 in 5 gamblers, tend to bet with websites that have not obtained the necessary license […]
Industry
August 15, 2024
Fired MGM Resorts Workers File Lawsuits over Vaccination Requirement
The outbreak of the COVID-19 pandemic several years ago disrupted businesses across the globe. The impact of traveling restrictions and reduced capacities for indoor venues affected the gaming and hospitality industry and even the gambling capital of the world, Las Vegas, was impacted. In 2021, when a vaccine was approved, MGM Resorts International was the […]
Industry
August 15, 2024
xQc Tells a Concerned Friend to Stop Bugging Him about “Gambling Addiction”
xQc, the popular Kick streamer, has had a heated conversation with a friend of his, JesseSMFI, a Twitch streamer, during a live broadcast. Hosted on Kick, xQc and JesseSMFI were talking about various topics, until at one point, the Twitch streamer brought up the subject of gambling addiction, and cutting right to the chase, asked […]
Casino
August 15, 2024
Catena Hit by Google Updates in Q2 Results
Catena Media reported a 14% year-over-year drop in revenue during the second quarter earnings call, posting €12.8m in revenue. The company has been undergoing a rapid adaptation period, faced with numerous technical challenges traced back to Google’s changing algorithms that have hit some of the best-established affiliate companies in the sector. Catena Grapples with Past […]
