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Casino
August 30, 2022
FSB Sets Up Headquarters for New Tech Hub in Colombia
FSB, a global B2B sports betting and iGaming supplier, continues to strengthen its positions in the Latin American market with new offices in Colombia. The company is setting up a technology hub in the country to help it push and expand in the region. FSB is equipping its newly onboarded local technology team with the […]
Casino
August 30, 2022
Pope County Casino to Move Forward in the Next Few Months
The Cherokee Nation strongly believes that its Pope County Casino project in Arkansas will get in the clear to continue within the next several months, reported Cherokee Phoenix. ‘Endurance Test’ Will Soon Be Over The economic arm of the tribe, Cherokee Nation Businesses (CNB), received a contract to help the Internal Revenue Services with its […]
Industry
August 29, 2022
Strong Revenues Allow Sun International to Pay Dividend
Sun International, a South African gaming company, will be able to pay its dividend for the first time in six years. This is thanks to the operator’s revenue rising by 30% in the first half of 2022. Sun International Paid Dividend Sun International’s business was badly hurt by the COVID-19 pandemic. The virus outbreak forced […]
Casino
August 29, 2022
Twitch Streamers Get Physical at Gamescom over Gambling
A bizarre scuffle took place at Gamescom where a trio of Twitch streamers clashed over their views on gambling and whether this is appropriate content on the Amazon-owned streaming giant. While Twitch has remained silent on the matter and discreetly introduced a “Slots” category to make sure this type of content is kept separate, gripes […]
Legal
August 29, 2022
Former TRLEI Board Accused of Theft by Current Okada-led Executives
The saga over the control of the Okada Manila Casino Resort still continues. The next move in the dispute comes from the board of the casino operator Tiger Resort, Leisure and Entertainment, Inc (TRLEI) led by Japanese millionaire Kazuo Okada. The executives have filed a lawsuit against the former TRLEI board members on theft charges […]
Business
August 29, 2022
PAGCOR Casinos May Be Up for Sale Under BBM
The presidential elections in the Philippines earlier this year resulted in the appointment of Bongbong “BBM” Marcos, a scion of Ferdinand Marcos Sr., a former president, and Imelda Romualdez Marcos, a former first lady. While his family is linked to profligate spending that was largely seen as one of the reasons why the Philippines ended […]
Industry
August 29, 2022
Junket and Gaming Closures See Macau’s Unemployment Increase
The dismantlement of mass junket operations in Macau has had an expected consequence – an increase in overall unemployment. In the first months of the junket clampdown, former employees of those businesses reported that they had experienced a steep decline in their finances and were struggling to adapt and find new jobs. This is not […]
Legal
August 29, 2022
More Australian Casinos Face Investigation over Illegitimate Junket Schemes
The shocking revelations of the dubious business in Australia’s casinos resulting from the joint investigation of The Sydney Morning Herald, The Age and 60 Minutes continue. This time discrepancies around attracting Asian wealthy gamblers have been uncovered at Townsville’s The Ville and The Reef Hotel Casino in Cairns, which may lead to a probe from […]
Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
