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Casino
July 30, 2024
Harrah’s Joliet Casino Employees Rescue Man Wounded in Shooting
Early Monday morning, a 37-year-old man got shot near a downtown Joliet parking deck. He then went to Harrah’s Joliet Casino where employees acted fast and helped him in a way that may have saved his life. Sergeant Praises Response of Casino Staff After Shooting Incident Near Courthouse The event happened around 5 a.m. when […]
Business
July 29, 2024
Bally’s Reaffirms Commitment to Las Vegas amid Ambitious Expansion Plans
Soo Kim, Bally’s chairman and co-founder of Standard General L.P., the company behind the recently announced acquisition, discussed the operator’s post-merger strategy. He noted that the future of casino gaming remains bright despite current market uncertainties. Kim remained adamant that the multibillion-dollar investment was a testament to Standard General’s confidence in the sector’s continued growth. […]
Business
July 29, 2024
BetMGM Posts Negative H1 EBITDA Amid Investment Year
Gaming and betting giant Entain has published a report concerning the BetMGM brand’s performance in the first half of 2024 (H1). Co-owned by Entain and MGM Resorts International, the operator recorded accelerating momentum through the year. Negative EBITDA Is in Line with Expectations The H1 update highlighted net revenue from operations of 1 billion, up […]
Sports
July 29, 2024
Operators Expect Record Olympics Bets Amid Projected US Dominance
American sports betting operators are expecting high betting activity during the Summer Olympics in Paris. According to gambling companies, the strong presence of US basketball and soccer teams would attract many punters. The Associated Press spoke with representatives of leading gambling companies, asking them to share their predictions. Operators Expect Record-Breaking Betting Activity John Ewing, […]
Sports
July 29, 2024
FanDuel’s Mobile Sports Betting Revenue in New York Reaches $2B
FanDuel, a leader in digital sports betting, just hit a big win. The company has now made over $2 billion from mobile sports betting in New York alone. The New York State Gaming Commission shared this data for the week ending July 21. It took FanDuel 133 weeks to reach this big number showing how […]
Sports
July 29, 2024
PrizePicks Engages Moelis & Co. to Explore Expansion Opportunities
PrizePicks, the biggest daily fantasy sports (DFS) operator in North America, has hired investment bank Moelis & Co. to look into possible mergers and acquisitions. People who know about the situation have commented that the company wants to grow by buying other companies instead of selling its business, reported Bloomberg. From Atlanta to a Thriving […]
Casino
July 26, 2024
New York Actors and Theater Workers Divided on Proposed Times Square Casino Project
A planned casino in Times Square has driven a wedge between New York theater worker groups as a planned casino in Times Square has driven a wedge between New York theater workers and actors as discussions surrounding possible new casino developments in downstate New York and New York City escalate. The International Alliance of Theatrical […]
Casino
July 26, 2024
Nevada Gaming Commission Confronts Penn on Compliance Shortfalls
The Nevada Gaming Commission criticized Penn Entertainment for major issues with compliance, such as having minors in casinos, allowing self-excluded persons to place bets, and slow updating of company policies. These failures became a key subject during the evaluation of Penn’s ongoing IPO, which was approved despite the raised concerns. Penn Entertainment Pledges Policy Overhaul […]
Casino
July 25, 2024
LVS’s New York Casino Inches Closer to Reality
Las Vegas Sands has celebrated a major milestone, which brought it closer to the fulfillment of its NY casino plans. The company, which hopes to create an integrated resort at the Nassau Coliseum on Long Island, just secured a key approval from the Nassau Country Legislature Rules Committee. The approval greenlights a 42-year lease on […]
Industry
July 24, 2024
Gaming Tech Earnings Forecast Shows Positive Trends, Says Stifel Analyst
As the second quarter earnings season continues, gaming technology companies are preparing to announce their financial results. Analysts expect a generally positive performance across the sector. Stifel Analyst Predicts Strong Q2 for Light & Wonder and PlayAGS, Mixed Outlook for IGT and Everi According to a recent client note from Stifel analyst Jeffrey Stantial, Light […]
