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Industry
April 17, 2024
The Netherlands Ban Online Gambling Adverts and High-Risk Games
The Netherlands’ House of Representatives has taken a decisive step in the regulation of online gambling by voting in favor of banning online gambling advertisements and high-risk games, such as slots. The motions, proposed by Socialist Party MP Michiel van Nispen, received just enough support for a majority, signaling a significant shift in the country’s […]
Casino
April 16, 2024
Thailand’s Finance Ministry to Lead Study on Casino Legalizing
Marking a groundbreaking move toward Thailand’s trials to address the highly-debated topic of gambling legalization, the Finance Ministry will take the lead on an important study exploring the potential legalization of casino gaming. 16 Additional Agencies to Consider the Study As ordered by way of an “urgent letter” sent by the Secretariat of the Cabinet […]
Casino
April 16, 2024
Bruce Smith and The Cordish Companies Unveil New $1.4bn Project
The Cordish Companies together with Bruce Smith Enterprise unveiled details regarding Live! Gaming & Entertainment District, a new project with a $1.4 billion price tag located in the City of Petersburg, Virginia. Teaming up, the two companies confirmed their intention to codevelop the luxury gaming, hospitality and entertainment resort that will be positioned near Interstate […]
Business
April 16, 2024
Analysts Bullish on MGM Resorts Stock for Near-Term Rebound
MGM Resorts International, the globally recognizable entertainment and gaming operator, received a “Buy” rating for its stock by an expert analyst, while another firm recently highlighted the possibility for the company’s stock to rebound, despite recent dips. As of the market close on Monday, April 15, 2024, MGM’s stock traded at $42.85 per share. A […]
Legal
April 16, 2024
MGM Seeks to Block FTC’s 2023 Cyberattack Investigation with Lawsuit
In September, MGM Resorts International, the leading gaming and entertainment company, fell victim to a group of hackers. The actions of the suspected “Scattered Spider” group resulted in disruptions in the company’s operations for approximately one week. The local impact was related to missing amenities and inconvenience created for MGM guests. But the wider impact […]
Industry
April 16, 2024
AHLA Publishes State-by-State Predictions about the US Hotel Industry
The American Hotel & Lodging Association (AHLA) has published its projection for the hospitality industry’s performance in 2024. The organization expects hotels across the country to generate record-breaking levels of federal, state and local tax revenue while paying employees historic totals of wages, salaries and compensations. The Association expects hotels to generate a whopping $83.4 […]
Casino
April 16, 2024
Virginia’s Bristol Casino Achieves Historic Revenue Milestone
The Bristol Casino in Virginia, US, set to become the Hard Rock Casino, has marked a historic milestone by surpassing its previous revenue records in March, with an astonishing $16.3 million in adjusted gross income. This figure, released in a report by the Virginia Lottery, represents a remarkable 9% increase over its previous best month […]
Industry
April 15, 2024
Star Sydney’s Gaming Team Accused of Alleged Records Falsification
Regulatory breaches by one of the largest gaming and entertainment operators in Australia, Star Entertainment Group, tangled the group into prolonged scrutiny. In New South Wales and Queensland, the company was found unsuitable to hold a license, requiring it to make robust changes to its operations. On the path to regulatory compliance, Nicholas Weeks was […]
Business
April 15, 2024
Sinclair Broadcast Group Divests 7.91M of Bally’s Shares
The leading gaming and entertainment company, Bally’s Corporation, announced it registered to sell some 7.9 million shares on behalf of SBG Gaming LLC, a company that is a wholly-owned subsidiary of Sinclair Broadcast Group Inc. Details regarding the divestment came from a Form S-3 filing with the Securities and Exchange Commission (SEC) dated April 12, […]
Industry
April 15, 2024
Text Messages Unveil Star’s Plot against NSW Regulator
For the last few years, Star Entertainment Group, the leading gaming and entertainment company in Australia, has been at the center of a massive scandal related to regulatory failings. Inquiries into the company’s operations found it unsuitable to hold a casino license in Queensland as well as New South Wales (NSW). Regulatory action was taken […]
