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Business
April 25, 2024
Einhorn’s Greenlight Capital Takes Mid-Sized Stake in PENN Entertainment
PENN Entertainment’s shares went up 2.41% today on volume that was 55.7% over the regular daily average as a result of David Einhorn disclosing that Greenlight Capital took a “medium-sized” stake in the casino operator in Q1. This way, Greenlight joins the list of popular hedge funds that have recently taken stakes in PENN Entertainment, […]
Casino
April 25, 2024
Galaxy Macau Teams Up with Capella Hotels and Resorts for a New 5-Star Hotel
Galaxy Entertainment Group, a market leader in gaming and hospitality, has formed a historic partnership with Capella Hotels and Resorts, the best hotel brand in the world, according to Travel + Leisure Magazine. As a result, the former company’s Galaxy Macau property will become the home of the first Capella property in The Greater Bay […]
Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
Casino
April 25, 2024
Quebec Considers Ontario-inspired Model as Budget Solution
Alberta may seem like the frontrunner, but Quebec is also emerging as a contender in the debate over which Canadian province will follow Ontario’s lead in implementing a regulatory model for online gaming. Report Reveals Ontario Gaming Model as Solution to Quebec’s Budget Woes With Quebec facing budget challenges, the government has tasked crown corporations, […]
Industry
April 25, 2024
Lawmakers in Alabama Continue Gambling Proposal Debate
A proposal calling for the expansion of gambling activities across Alabama has been gaining traction recently. House Bill 151 (HB 151) calls for the legalization of sports betting, expansion of gambling and the establishment of a lottery. While both Democrat and Republican lawmakers showed support for the proposal, there are still points on which they […]
Business
April 25, 2024
Expert Analyst Shares Insights about the US Gambling Sector
Ahead of the traditionally busier summer season, gambling operators are still facing some uncertainties across the United States. Major recent sports events such as the Super Bowl and the NFL helped bring mixed results, varying from one operator to the other. Yet, an important factor throughout the year would be potential changes to the interest […]
Industry
April 24, 2024
Melco CEO Wants Multi-Trip Visa Between Hengqin and Macau
In 2023, the operator of prominent Macau-based properties like Altira, City of Dreams, Studio City, and Morpheus, Melco Resorts & Entertainment, launched the Studio City phase, thus expanding one of its most lucrative venues counting 900 luxury rooms. Following the ongoing development of the company as well as the industry as a whole in the […]
Industry
April 24, 2024
iGB and Sportingtech to Release Their First LatAm Gaming Report
The Clarion Gaming-owned gambling news outlet, iGaming Business (iGB), announced a strategic collaboration with the award-winning iGaming platform that provides innovative gaming solutions for operators across the globe, Sportingtech. The new partnership, announced Wednesday, sees the duo join forces for the release of the first iGB LatAm gambling report. The comprehensive report is expected to […]
Industry
April 24, 2024
Gambling Addict Imprisoned for Theft That Left Coworkers Jobless
A gambling addict who was found guilty of fraud by abuse of position and the theft of £186,000 ($231,000) in cash from his employers was sent to six years in prison. The sentence was formulated by the Liverpool Crown Court following the suspect’s trial. He was jailed on April 22 for several thefts that he […]
Industry
April 24, 2024
Former Star CEO Cooke Addresses Sydney Casino License Inquiry
The second inquiry into license suitability for The Star Sydney, one of the properties of the leading Australian casino entertainment company, Star Entertainment Group, is currently ongoing. The inquiry into The Star Sydney followed a massive probe into the company’s operations that uncovered a range of deficiencies. As the discussions about The Star Sydney’s license […]
