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Business
July 8, 2022
Everi Holdings Generates 70% of Revenue from Recurring Business
Everi Holdings Inc is doing well insofar as its business and finances go. This is the memo that brokerage firm B. Riley Securities Inc. issued on Wednesday, commenting on the company’s financial standing, future prospects, and current business operations. Everi, the memo read, is able to generate 70% of its revenue and its EBITDA from […]
Business
July 8, 2022
Moody’s Withdraws Crown Resorts Rating over Blackstone Acquisition
Credit rating agency Moody’s Investors Service has stripped Australia-based Crown Resorts Limited from its Ba3 corporate family rating (CFR), following a similar move from credit rating agency Fitch, which a few days ago also downgraded the company’s credit rating. Downgrade Resulting from Blackstone Acquisition The recent changes announced by the two major credit rating agencies […]
Casino
July 8, 2022
Maryland Casinos Posted $162.7m, Surpassed $2B Mark in FY2022
The Maryland Lottery and Gaming Control Agency released Wednesday its June casino gaming report to reveal that the state’s six privately owned casinos did not have the best of a month in June but managed to complete fiscal 2022 with a bang. Surpassing Significant Milestone Maryland casinos generated revenues of $162.7 million in June to […]
Casino
July 7, 2022
Dream Las Vegas Begins Construction with a Ceremonial Groundbreaking
Dream Hotel Group announced that it is finally starting the construction of its Dream Las Vegas hotel. The company’s new property sits on Las Vegas Boulevard, near McCarran International Airport. The final version of the project will have 531 rooms and stretch 20 floors. The hotel will contain a selection of unique restaurants, 30,000 square […]
Business
July 7, 2022
RSI’s RushBet Betting and Gaming Brand Now Live in Mexico
Online casino and sports betting company Rush Street Interactive (RSI) announced today that on June 30, 2022, its online casino and sportsbook brand RushBet launched in Mexico. Always Put Players First The launch of RushBet in Mexico brings over 350 of the latest slot titles and table games, including live dealer games to a market […]
Casino
July 7, 2022
Vietnam May Extend Casino Trial Period by Two Years
Vietnam’s Ministry of Finance requested the extension of the country’s pilot casino program, a VietnamNet report has it. The report also claims that the Ministry requested adding two more casinos to the program. The Ministry Reportedly Submitted an Official Request Vietnam launched its three-year trial in 2019, temporarily allowing locals to play games of chance. […]
Industry
July 7, 2022
Galaxy Gaming Named Nel as SVP of Worldwide Sales
Galaxy Gaming, a B2B provider of casino games and technology has added another industry heavyweight to its leadership team. The one joining the company is Steph Nel, an experienced long-time industry worker, who will be working as Galaxy Gaming’s senior vice president of worldwide sales. Nel Has Decades of Experience In his new position, Nel […]
Casino
July 7, 2022
No Mandatory Loss Limits for Online Gamblers in the Netherlands
Franc Weerwind, Dutch minister for legal protection who is also responsible for gambling legislation, was questioned by MPs regarding the possible introduction of obligatory loss limits for gamblers. Weerwind’s Pragmatic Approach Weerwind’s answers, which discarded mandatory restrictions on losses, showed that the minister has a balanced and pragmatic approach to gambling regulations. MPs Michael van […]
Casino
July 7, 2022
Crown Melbourne Makes Positive Changes, Claims Report
It was last autumn when Ray Finkelstein launched a probe into Crown Melbourne’s operations. The Royal Commissioner unveiled a massive scheme involving card transfers via China UnionPay that enabled high-rollers from China to skip currency restrictions. Following Finkelstein’s report, the operator was given two years to implement changes and ensure its compliance with the local […]
Casino
July 7, 2022
Aquis Gets Third Offer for Casino Canberra
A third offer has come in for Aquis Entertainment’s Canberra casino amounting to AUD 60 million ($41 million). The bid was submitted by Iris CC Holdings, which outbid the two offers by Capital Leisure & Entertainment Pty Ltd., a subsidiary of Oscars Group. Iris Capital’s Offer Beats Both Offers from Capital Leisure In May, Aquis […]
