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Business
January 13, 2022
Crown Resorts Warming Up to Blackstone Takeover Offer
Crown Resorts could be closer to having a new owner. After Blackstone improved its previous offer to purchase the Australian casino operator, Crown Resorts has agreed to join takeover negotiations with the US-based investment firm. Blackstone is ready to put US$6.46 billion up for the purchase. Crown Close to Changing Hands Blackstone’s latest bid came […]
Industry
January 12, 2022
AGA Commercial Revenue Tracker in November 2021
The American Gaming Association (AGA) has published its latest figures, courtesy of the association’s commercial gaming revenue tracker. The numbers for November 2021 revealed that in terms of overall gaming activity, the month was the second-highest-grossing month since AGA started tracking this activity. Surpassing the $4BN-Mark There was a total of $4.85 billion in commercial […]
Business
January 12, 2022
Vivo Gaming Continues Expansion, Picks Martin Hodges for Marketing Director
Vivo Gaming, the leading live casino software provider announced that it appointed Martin Hodges as the company’s new marketing director. Martin Hodges Joins Vivo Gaming as Marketing Director Spending more than 11 years as a part of the iGaming industry, Hodges undoubtedly has an array of skills that will help him in his new position. […]
Industry
January 12, 2022
Snipp Enters into Acquisition Agreement for Gambit Rewards
Platform-as-a-Service (PaaS) company Snipp announced that it agreed to acquire Gambit, the leading consumer network pioneer in integrating loyalty programs with sports betting and online gaming in the US. Snipp Agrees to Acquire Gambit Rewards for $5M The acquisition of Gambit includes its wholly-owned subsidiary, Gambit Rewards. Launched in 2019, the company’s unique loyalty program […]
Business
January 12, 2022
Everi Buys Atlas Gaming Assets for Toehold in Australian Slot Market
Everi Holdings, a US-based casino and gaming equipment manufacturer, is set to acquire what it has described as strategic assets from Australia-based iGaming developer Atlas Gaming. In doing so, Everi will retain key team members who will help the company with the transition as well as the future running of operations. Atlas Gaming’s Software and […]
Casino
January 12, 2022
US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim
Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a […]
Industry
January 12, 2022
UKGC Reminds Industry Stakeholders of Consultation Deadline
Last November, the UK Gambling Commission (UKGC) has asked for feedback from industry stakeholders regarding a review of its Statement of Principles. On Tuesday, the UKGC issued a reminder on the upcoming deadline for the consultation. The UKCG Seeking Guidance on Several Matters The Gambling Commission is looking for guidance and opinions on several different […]
Business
January 12, 2022
MegaLuck Casino in Jeju, South Korea May Be Out of Luck
Jeju Island in South Korea was once a hotbed for casinos. This is currently not the case because of COVID-19. Several small entities have folded and another is about to be added to the list. GGRAsia reports that, according to a letter that was sent by the Jeju KAL Hotel to a labor union, the […]
Casino
January 12, 2022
Detroit Casinos Doubled Combined 2020 Revenue Last Year
2021 ended up being a good year for casinos in Detroit, MI. They came off a slow, COVID-19-ridden 2020 to recover some of their losses. However, they’ll need to continue to do better this year if they want to get back on track. Still, increasing revenue by over 100% from one year to the next […]
Industry
January 11, 2022
Spain’s CNMC Backed PRD Provisions for Gambling Restrictions
Spain’s national competition authority, Comision Nacional de los Mercados y la Competencia (CNMC), expressed its support for the draft legislation for tighter online gambling regulation. ‘Correct Adaptation to the Principles of Good Regulation’ The CNMC, Spain’s authority that ensures markets from all sectors adhere to consumer and company standards, released a report related to the […]