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Industry
May 18, 2022
Light & Wonder Seeks Growth, Envisions $1.4B EBITDA
Scientific Games, now rebranded as Light & Wonder, has ambitious plans to expand its business. The company seeks to benefit from the growing gambling market and targets a consolidated adjusted EBITDA of $1.4 billion by 2025. The Company Will Optimize Its Business Light & Wonder revealed its plans on Tuesday when it explained its growth […]
Casino
May 18, 2022
DoJ Files a Lawsuit Against Steve Wynn, Ex-CEO of Wynn Resorts
The US Department of Justice has filed a lawsuit against Steve Wynn, the founder of Wynn Resorts. According to DoJ, Wynn was lobbying for the Chinese government and was making demands to Donald Trump while he was acting president. China Sought Extradition of a Convicted Businessperson The New York Times reported that China wanted the […]
Casino
May 18, 2022
3 Oaks Secures Rights for Big Time Gaming’s Megaways Feature
Big Time Gaming’s iconic Megaways mechanic will find a new home with 3 Oaks Gaming becoming the latest licensed studio allowed to use and integrate the bespoke feature into its own products. BTG‘s Megaways Arrives on 3 Oaks’ Games 3 Oaks Gaming will be able to introduce the Megaways option to slots that it develops […]
Legal
May 18, 2022
NSW Regulator Wants to Raise Fines for Illegal Ads
Liquor and Gaming New South Wales, the state’s regulator, appealed for a raise in the maximum fines for faulty gambling advertising. The authority seeks to discourage the NSW licensees from posting ads that are in breach of the regulations. NSW’s Regulator Believes Fines Are Too Low According to the current laws, operators risk a maximum […]
Casino
May 18, 2022
Alabama Sheriff Stole Jail Food Money to Gamble
A former Alabama sheriff will now have to defend himself in a court of law after he was indicted for allegedly lying on loan applications he filled out and submitted to several banks in a year’s time. The Clarke County sheriff, one William “Ray” Norris, is no longer on the job but he still has […]
Casino
May 18, 2022
Twitch Streamer xQc Says He Loves Gambling and That’s It
One of Twitch’s most popular streamers is back at gambling. This would not be an issue were it not for xQc’s self-confessed gambling addiction. There is a lot that is not okay with this, though. For starters, xQc will be broadcasting sponsored gambling streams. Most of these deals offer millions worth of dollars for what […]
Casino
May 18, 2022
Credit Suisse Says China’s Visa Restrictions Hurt Macau GGR
China is intent on restricting the outflow of people from the mainland to gambling destinations such as Macau. A new set of visa restrictions has kicked in and analysts aren’t too happy with the results. According to Credit Suisse, the overreaching Chinese government may lead to a 20% reduction in gross gambling revenue for the […]
Casino
May 18, 2022
MGM Cotai Double Murder Suspects Arrested Following Tip
After the shocking suspected double murder at one of Macau’s gaming venues, the MGM Cotai, on May 7, the police finally have a person in custody whom they believe may be the perpetrator of the heinous act. The 34-year-old Northeast China native was only mentioned by one name, referred to as Zhao. He was detained […]
Legal
May 17, 2022
UKGC Fined Progress Play and Jumpman Gaming
The UK Gambling Commission has shown its resilience in ensuring the stability of the gambling industry in the country as it issued fines totaling around £675,000 ($836,535) to Progress Play and Jumpman Gaming. The Two Operators Breached AML and Social Responsibility Rules Progress Play’s fine is £175,718 ($219,438) while Jumpman Gaming’s fine is £500,000 ($624,405) […]
Business
May 17, 2022
Flutter Appoints Karen O’Rourke as New Chief of Staff in Strategic Move
International gaming, sports betting, and entertainment supplier Flutter Entertainment have appointed Paddy Power’s ex-advertising manager Karen O’Rourke as its new chief of staff for chief executive officer Peter Jackson. The decision is an important step in the company’s plans to restructure its personnel. O’Rourke to Boost Flutter’s Corporate Strategy O’Rourke will be going back to […]
