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Business
June 28, 2024
Nevada Gambling Operators Post Revenue Record in May
May marked an incredibly busy month for gambling operators across Nevada and Las Vegas in particular. Newly released data from the state gambling regulator, the Nevada Gaming Control Board (NGCB), reveals that nonrestricted gaming licensees reported a gaming win of $1.32 billion last month. The result marked a new May record for the state and […]
Business
June 27, 2024
New York Casino Bidder Vows $250M Community Investment
With three new downstate casino licenses up for grabs in New York, competition is fierce. So far, several recognizable gambling and entertainment operators have shown interest in developing a casino. Companies interested in submitting a license bid can do so by July 31, 2024, while the three new licenses are expected to receive approval by […]
Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
June 21, 2024
Catena Media Expects Q2 Revenue Drop Because of Google Changes
At the start of May, affiliate business with a presence across multiple geographical markets, Catena Media, published its first quarter results for 2024, signaling suboptimal results. The serious drop across the board was tied to the poor execution of the business strategy, as well as Google’s recent changes. In similar news, the company that operates […]
Business
June 21, 2024
JP Morgan Highlights DraftKings’ Growth Prospects
Across the United States, DraftKings currently holds a leadership role in a number of markets. As one of the two major operators in the country that hold an overwhelming majority of the market share, the company constantly grows its presence and customer base. This ongoing growth did not go unnoticed with one industry expert confirming […]
Industry
June 19, 2024
Bulgaria’s Gambling Sector Records Unprecedented Surge
Licensed gambling operators in Bulgaria have paid out BGN 5.79 billion ($3.18 billion) to winning players in 2023, significantly surpassing last year’s results and highlighting the untapped potential of the country’s gaming sector. This data was made available by the National Revenue Agency (NRA) after a Freedom of Information request by local news outlet Mediapool. […]
Business
June 19, 2024
GiG Finishes Oversubscribed €15M Bond Issuance
At the start of the week, we announced that iGaming marketing and media leader Gaming Innovation Group (GiG) had signed a head-of-terms agreement for the acquisition of search engine optimization and content services provider Titan. The group also selected ABG Sundal Collier and Pareto Securities as the managers responsible for setting up a number of […]
Industry
June 19, 2024
Connecticut’s Gross Internet Casino Revenue Surged in May
The Connecticut Department of Consumer Protection has published its gross internet casino revenue report for May, highlighting a new record-breaking figure. As the state continued to be dominated by FanDuel and DraftKings, the regulator recorded total revenue of $46.3 million, up 41.3% year-on-year. For comparison, last May, the Connecticut internet casino industry reported revenue of […]
Business
June 19, 2024
MGM China Confirms International Notes Offering for Professional Investors
The leading entertainment and casino operator that owns a luxury resort in Macau, MGM China Holdings Ltd., confirmed its plans to issue notes to professional investors internationally. The announcement came as a part of a Hong Kong Stock Exchange filing released earlier this week. In its filing, MGM China revealed that by issuing notes to […]
Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
