Casino
February 16, 2023
Dreamscape Unveils Plans for Rio Hotel & Casino Revamp
The New York-based real estate development and investment firm confirmed Wednesday it completed an $850 million capital raise. Raymond James led the equity private raise for the capital placement while Wells Fargo was in charge of managing the funding. Thanks to the capital raise, Dreamscape will finance a multi-phase renovation of its iconic Rio Hotel […]
Business
February 16, 2023
MGM Resorts International Sells Gold Strike Tunica to CNE Gaming for $450M
The NYSE-listed Standard and Poor’s 500 international entertainment company has inked the transaction for $450 million in cash received from the Cherokee Nation Businesses’ subsidiary. The company with an impressive portfolio consisting of 31 global hotel and gaming destinations used Weil, Gotshal & Manges LLP as a legal counsel to complete the sale. MGM Resorts, Ready […]
Business
February 16, 2023
Caesars to Expand Caesars Rewards Program with NY Merchants
Currently, Caesars Rewards is recognized as the largest loyalty program within the gambling industry. The program has more than 60 million members, putting Caesars at the helm of customer loyalty within the vertical offering unique experiences and benefits for its customers. Ultimately, Caesars Rewards establishes a network of gaming, hospitality, entertainment, shopping, dining and other […]
Legal
February 16, 2023
Ohio Woman Sentenced to Prison in Illegal Gambling Case
Department of Justice (DOJ) documents released Wednesday confirm that the announcement came from First Assistant US Attorney Michelle M. Baeppler for the Northern District of Ohio along with Acting Deputy Assistant Attorney General Stuart. M Goldberg from the Tax Division of the Justice Department. The DOJ revealed that the criminal case was investigated by the […]
Casino
February 16, 2023
Pragmatic Play Launches Content with Track and Races in Venezuela
Thanks to this new partnership, the Venezuela-based Track and Races will be able to significantly strengthen its iGaming library, bolstered by a range of products provided by Pragmatic Play. Pragmatic Play will leverage its slots and live casino portfolio to considerably strengthen Track and Races’ reach in the local market and offer players an excellent […]
Casino
February 16, 2023
Pariplay Delivers Content to Betsson to Boost Gaming Library
Moving forward Betsson will have access to Pariplay’s original products delivered through Wizard Games, and more than 14,000 other titles integrated as part of the Fusion platform and delivered by dozens of suppliers. These third-party games will be integrated with Betsson’s existing operations in regulated markets, including in places such as Sweden, Denmark, and Spain, […]
Legal
February 16, 2023
Monarch Casino & Resort to Pay a Fine in Connecticut over Proxy Wagers
Proxy betting is an activity that involves placing a wager on behalf of another person that is from a state where gambling is not legal for example. There are currently regulations that prohibit such bets in some US states, but there are states that also allow the activity such as Nevada, although under specific guidelines. […]
Casino
February 16, 2023
Mkodo Secures License by GLI for GeoLocs Product
GeoLocs is a dedicated iGaming geolocation service which will now benefit from the GLI certification, specifically in those jurisdictions around the globe where the certificate is recognized as an authority. Thanks to this successfully completed milestone, mkodo will be able to further expand the reach of its GeoLocs product, but also solidify its presence in […]
Casino
February 16, 2023
Enteractive to Help Rootz Boosts Its Retention Rates
Rootz and Enteractive will work to ensure that the operator’s presence in global markets such as New Zealand, Canada, and Finland makes an impression on local gaming audiences. Enteractive’s primary focus will be on bringing back active players whose accounts have lapsed. Rootz and Enteractive have already launched several campaigns together. This started in the […]
Industry
February 16, 2023
Commercial Gaming Revenue of $60.4B in 2022 Set New Record
Commercial gaming in the US set a new record in 2022, registering annual revenue of $60.4 billion to surpass the previous high of $53.0 billion set in 2021, the American Gaming Association (AGA)’s Commercial Gaming Revenue Tracker revealed. Preference for Casino Gaming Tracking financial performance across commercial gaming based on state revenue reports, AGA’s Commercial […]
