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Casino
January 11, 2024
Two Eastern Shawnee Tribe Casinos Experience Data Security Incidents
Two of the Eastern Shawnee Tribe of Oklahoma’s properties, namely the Indigo Sky Casino and Resort and Outpost Casino, have experienced data security incidents in December. In relation to that, the two gambling venues are now notifying customers whose personal data might have been compromised. The issue was first discovered by Indigo Sky, which discovered […]
Business
January 11, 2024
Genting Malaysia Confirms Plans to Inject $100M into Empire Resorts
In an unexpected move, the leading leisure and hospitality business, Genting Malaysia Berhad (GENM), announced its plans to inject some $100 million into Empire Resorts, one of its US-facing subsidiaries. Details regarding the newly proposed investment emerged on Wednesday, January 10, 2024, in a filing with the Bursa Malaysia Securities by the company. Upon announcing […]
Casino
January 11, 2024
S&P Warns of Financial Risks for Bidders in New York Casino Permit Race
As the race for New York City casino permits intensifies, potential operators find themselves facing a high-stakes gamble not only for the coveted licenses but also in terms of financial risk. A recent report from financial analysts at S&P Global Ratings suggests that successful bidders may find themselves shouldering substantial debt burdens. Major Players Vie […]
Industry
January 11, 2024
IRS Investigates Former Pace-O-Matic Executive, Seizes Cash
For several years, the legality of skill games, devices that offer a form of entertainment similar to slots but requiring skill, has been a hot topic in Pennsylvania. On one side, Pace-O-Matic, a leading developer of skill games, argued that such devices can help small businesses, while on the other, there’s no active regulation about […]
Casino
January 11, 2024
Caesars Entertainment Under Analyst Scrutiny as Ratings Diverge
Caesars Entertainment has become a focal point for stock analysts as differing opinions on the company’s future trajectory emerge. JMP Securities Bullish on Caesars with a $65.00 Price Target JMP Securities initiated coverage on January 9, offering an “outperform” rating and setting a $65.00 price target on the stock, reported financial news media outlet Marketbeat. […]
Sports
January 11, 2024
Philadelphia Eagles vs. Tampa Bay Buccaneers 2024 NFL Playoffs Odds, Time, and Prediction
After losing five of their last six games, the Philadelphia Eagles failed to win the division. On the bright side, their good run from the early stages of the season helped them book a wild-card ticket to the postseason. Now, in the 2024 NFL Wild Card Round, they’re going to play against the winners of […]
Industry
January 10, 2024
Maryland Posts Record-Breaking Betting Handle Figures in December
Maryland has once again smashed its sports betting handle record, surpassing even November’s jaw-dropping results. As reported, the Free State’s sports betting industry recorded a stellar $559.9 million in handle. The December results are 1.7% higher than the ones recorded in November when the local fans wagered a total of $550.7 million. They also represent […]
Industry
January 10, 2024
Hard Rock and Seminole Gaming Reiterate Commitment to Combating Human Trafficking
Hard Rock International and Seminole Gaming have bolstered their commitment to combat human trafficking. To that end, the parties introduced new support tools for victims and at-risk individuals. In addition to that, the companies introduced a new youth education program, as well as special employee training. Finally, Hard Rock and Seminole Gaming announced that they […]
Lottery
January 10, 2024
Powerball Jackpot Grows Ahead of Upcoming Drawing
The New Year’s Powerball drawing made one lucky player from Michigan significantly wealthy. At the time, one lucky lottery player hit the life-changing $842 million Powerball jackpot by guessing correctly all white balls 12, 21, 42, 44, 49 and red Powerball 1. If the lucky player selects a cash payout, he will be able to […]
Business
January 10, 2024
Morgan Stanley Expects 17% CAGR in US Online Gaming Revenue by 2026
Leading global investment bank and wealth management firm, Morgan Stanley, has started the year presenting its outlook on the US gambling industry. The interesting outlook highlighted the “single highest growth opportunity” when it comes to consumer discretionary sectors, due to a projected 17% compound annual growth rate (CAGR) in online revenue for 2023-2026. The firm, […]
