Casino
June 20, 2022
Buford Charity Really a Front for Illegal Gambling
A charity in Buford may have been lining its pockets under a false pretense as the Little Kings and Queens, a Gwinnet Count-based non-for-profit organization, was recently named as an illegal gambling business. The organization argued that it’s raising money for various charitable campaigns to help members of the community, through toy giveaways, food drives, […]
Industry
June 20, 2022
Macau Continues Mass Testing While Keeping Casinos Open
China’s vainglorious attempt to keep the spread of the COVID-19 infection under to a zero has been punctuated by on-again-off-again lockdowns that have translated into a grim outlook about Macau’s recovery and plunging business bottom lines. On Monday, the Chinese territory has begun its second day of intensified testing which will take a sample from […]
Business
June 18, 2022
BetMGM Expands Betting and Gaming Operations to Carnival
A top three betting and gaming operator in the US is teaming with one of the largest cruise ship operators to provide retail and mobile gaming to cruise ship guests. Phased Rollout to US-Branded Carnival Ships BetMGM, one of the leading three sports betting and gaming operators in the US, alongside DraftKings and FanDuel, announced […]
Business
June 18, 2022
Betsson AB Placed €90m in New Senior Unsecured Bonds
Swedish-based gambling group Betsson AB announced this week it has managed to successfully place new senior unsecured bonds in the amount of €90 million ($94.23 million). Institutional Investor Interest The new bonds issued by Betsson AB are under a framework of up to €250 million ($261.75 million), have a tenor of three years, and bear […]
Business
June 18, 2022
NeoGames Finalizes Aspire Global Acquisition
iLottery platform provider NeoGames has completed its acquisition of Aspire Global, which started this January. 99.31% of the shares in Aspire Global were tendered, and any remaining shares will be subject to a compulsory sale around 11 August. The deal is worth SEK4.3billion ($440.0 million) and will result in the complete merger of the two […]
Business
June 17, 2022
Playtech Extends Negotiations Period with TTB Partners
Playtech has decided to extend TTB Partners’ period to submit a proposal for acquiring the former company. This was announced this morning by the gaming supplier’s board of directors. Playtech and TTB Partners to Continue Negotiations TTB Partners had to submit a proposal by June 17, which it failed to do. As per Playtech’s board’s […]
Legal
June 17, 2022
Texan Judge Dismissed Sightline’s Claims against Everi
A Texan judge has dismissed several of Sightline Payments’ claims against Everi Holdings. The two companies have had a legal quarrel since September last year. Sightline Claims Everi Infringed Its Copyright Sightline Payments is a payment solutions provider that had accused Everi Holdings, a slot machine and financial equipment provider, of infringing Sightline’s patents. The […]
Business
June 17, 2022
Casino Mogul Fertitta Bought Land on the Strip
Houston billionaire Tilman Fertitta, who owns Golden Nugget and Landry’s, is on his way to conquer the Las Vegas Strip. Through his company, Fertitta Entertainment Inc, Fertitta has bought real estate on the Strip spanning over 6.2 acres for the massive amount of $270 million, which roughly means he paid over $43 million per acre. […]
Industry
June 17, 2022
Gambling in NJ Generated $430.6M Revenue in May
The revenue from gamblers won by the casinos in New Jersey, including sports betting and online gambling, reached $430.6 million this May, which is 15% higher than in May 2021. These numbers are according to data published on June 16 but do not include profits from betting on horse races as they are reported to […]
Industry
June 17, 2022
Illinois: 10% of Adults are Problem Gamblers or At-Risk
Illinois is wary of the growing gambling harm rates among its citizens. To track the severity of the problem, the Illinois Department of Human Services recently conducted a survey on problem gambling in the state. The move follows recent legislation that expanded the accessibility of gambling in Illinois. This Thursday, the Department officially released the […]
