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Business
April 7, 2025
Mark Giannantonio Envisions Bright Future for Atlantic City
The global market took a hit last week after President Donald Trump’s sweeping tariffs shook investor confidence, triggering a major sell-off and erasing trillions in wealth across U.S. markets. These tariffs, which will likely drive up the cost of nearly everything from consumer goods to raw materials, are also expected to impact operating costs for […]
Industry
April 2, 2025
Virginia’s Sports Wagering Sector Reports Robust February 2025 Performance
The Virginia sports betting market remained on the rise in February 2025, with users wagering a combined $556.8 million. While this sum marks a 2.2% year-on-year rise compared to the same period in 2024, it is also a 24.4% decline compared to January 2025. These figures, published by the Virginia Lottery on 1 April, demonstrate […]
Business
April 2, 2025
Sportradar Bullish on Annual Revenue of $1.8B for 2027
Sports data and tech firm Sportradar has disclosed its long-term financial targets, saying that it hopes to generate at least $1.84 billion in revenue for 2027. The company also targets continued EBITDA growth, hoping to retain its existing momentum. Sportradar Targets Significant Growth for the Next Three Years On April 1’s investor day, company executives […]
Business
April 2, 2025
Star Entertainment’s Search for Liquidity Continues as Salter Brothers Deal Falls Through
The Star Entertainment Group’s financial woes continue as its negotiations with Salter Brothers Capital fall through. The latter company had expressed interest in financing the Australian operator’s debt but has seemingly withdrawn the deal. The Deal Fell Through Just when things were beginning to look better for Australia’s embattled Star Entertainment Group, the company announced […]
Industry
April 1, 2025
Macau Retains Optimistic Outlook Amidst Diversification Efforts
Macau’s economy remains in a state of cautious growth as it closely balances the recovery of its gaming industry with broader restructuring efforts. Despite slightly underwhelming metrics, industry experts have drawn attention to several factors that could accelerate growth and improve Macau’s attractiveness as a tourist destination for visitors from China and abroad. Q1 Financials […]
Industry
April 1, 2025
EGBA Posts 2025 Report, Highlights GGR Growth, Increased Use of RG Tools
The European Gaming and Betting Association (EGBA) has published its Annual Activity Report 2025, highlighting some of its achievements in the past 12 months. Among other things, the association recorded increased use of safer gambling tools among consumers in Europe. The EGBA Recorded Increased Use of Safer Gambling Tools The report detailed EGBA’s achievements across […]
Business
April 1, 2025
Nevada Gaming Revenue Down in February
The Nevada Gaming Control Board (NGCB) has published its official financial report for February 2025, highlighting a decrease in operator revenue and an increase in contributions to the state. The decrease was due to weaker performance across multiple markets, including a drastic revenue decline across Vegas Strip casinos. Nevada Gaming Earned $1.2B The statewide gaming […]
Business
April 1, 2025
Bally’s Gets New Rating Blow Because of Chicago Project
Bally’s Corporation is facing yet another financial setback as a leading Wall Street ratings agency has downgraded its credit once more. Award-winning provider of “credit ratings, commentary, and research,” Fitch Ratings, announced it dropped Bally’s rating from “B” to “B-” due to “execution risk in the development of the Chicago projects,” along with a series […]
Business
March 27, 2025
Playtech Sees Revenue Uptick from Continuing Operations in 2024
The fast-growing platform, content and services provider, catering to the global gambling industry, Playtech, released its latest financial update, highlighting strong growth for the year ended December 31, 2024. The company’s latest report highlighted a number of accomplishments, while uncovering details regarding its plans for 2025. Playtech Highlights a Number of Important Achievements Notably, Playtech’s […]
Business
March 27, 2025
The Netherlands Records €1BN Record-Smashing Gambling Tax
As per information from Statistics Netherlands (Centraal Bureau voor de Statistiek, CBS), the body in charge of publishing “reliable and consistent statistical information” that responds to the demands of society, collected revenue from gambling taxes smashed all records in 2024 in the Netherlands, reaching an unprecedented €1 billion ($1,07 billion). The impressive figure was mainly […]
