Industry
October 19, 2023
Mississippi Gaming Commission Publishes September Sports Betting Report
Mississippi’s gambling regulator, the Mississippi Gaming Commission, published its sports wagering report for September 2023. The report highlights the performance of the state’s sportsbooks and shows which sports were the most popular among players. In terms of sports betting handle, the Magnolia State’s sportsbooks managed to surpass the $50 billion mark, exceeding the results recorded […]
Legal
October 19, 2023
Singapore Banks Face Scrutiny amidst Gambling-Fueled Money Laundering Scandal
Singapore’s financial sector finds itself under intense scrutiny as the Monetary Authority of Singapore (MAS) gears up to investigate Credit Suisse and other banks potentially implicated in a money laundering scandal with ties to the city-state’s gaming industry. The inquiry goes beyond routine inspections, signaling the gravity of a situation embroiling numerous domestic and international […]
Business
October 19, 2023
Las Vegas Sands Enjoys Strong Q3, Posts $2.8bn in Net Revenue
The leading developer and operator of integrated resorts, Las Vegas Sands (LVS), released its latest financial results, outlining strong performance for the company for the three months ended September 30, 2023. The latest unaudited financial results emerged Wednesday and see the gaming and entertainment operator post $2.8 billion in net revenue for the third quarter […]
Industry
October 19, 2023
PGCB: Pennsylvania Gaming Revenue Reached $476.3M in September
The Pennsylvania Gaming Control Board (PGCB) has published its report for September, outlining the performance of the Pennsylvanian casino and betting industry. Reflecting the overall growth of the gambling industry in the United States, the Keystone State reported a revenue growth of 6.2%. According to the PGCB, all forms of gambling collectively earned approximately $476.3 […]
Industry
October 18, 2023
AGA Publishes Commercial Gaming Revenue Tracker for August
The American Gaming Association has published its latest Commercial Gaming Revenue Tracker, providing state-by-state and nationwide insight into the performance of the United States’ gambling industry. The August results suggest that the US gaming industry might be in for a third record-breaking year in a row. As reported by the AGA, casino gambling industry revenue […]
Business
October 18, 2023
888 Reveals Q3 Results, Posts 10% Decrease in Revenue
The world’s leading betting and gaming company that owns globally recognized brands such as 888, Mr Green and William Hill, 888 Holdings Plc, released its latest trading update. On Wednesday, the company released its newest report, revealing details regarding its performance for the three months ended September 30, 2023. The recent trading update reveals that […]
Business
October 17, 2023
Analyst Trusts MGM Resorts Shares to Hit $69 despite Recent Cyberattack
Several weeks ago, the casino giant MGM Resorts suffered a devastating cyberattack that forced it to shut down multiple systems. In the wake of the attack, the company was warned that its credit score might be lowered while its stock plummeted. Equity analyst David Katz, however, is optimistic that the casino juggernaut will make a […]
Business
October 17, 2023
Elys Game Technology Faces Delisting from Nasdaq
Elys Game Technology, a gaming technology provider listed on the Nasdaq under the ticker symbol ELYS, will likely be delisted as the company’s common stock did not maintain the minimum closing bid price required by Nasdaq Listing Rule 5550(a)(2). Elys’ management is now evaluating various options to regain compliance with listing requirements. Share Prices Remain […]
Industry
October 17, 2023
Stifel Expert: M&A Activity May Rekindle Slot Machine Stock
Jeffrey Stantial, an expert from the American multinational independent investment bank and financial services company Stifel commented on the state of slot manufacturers stock. As reported by casino.org, he noted that the sector’s stock isn’t in great shape but M&A activity could potentially change that. Most slot managers Stantial contacted cited stable NTM purchasing intentions, […]
Business
October 17, 2023
NJ Gaming Revenue Soars in September Driven by Betting, iGaming
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report, revealing insights regarding the performance of licensed gambling operators for the month of September. The new report, released Monday, reveals that the total gaming revenue reported by casinos, racetracks and their partners soared to $521.5 million last month. This […]
