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Angel Hristov's latest articles
Business
October 31, 2024
Crown Resorts Names Veteran IR Executive David Tsai as CEO
Australian casino and hospitality giant Crown Resorts announced the appointment of a new chief executive officer. The appointee will step into the office amid the business’ recovery in the wake of regulatory scrutiny. A Proven IR Executive Joins Crown as CEO As announced by Crown Resorts’ board of directors, it has selected David Tsai as […]
Business
October 31, 2024
MGM Posts Record Q3 Metrics, Reports Share-Buyback Progress
MGM Resorts International posted its Q3 report, outlining record-breaking revenue figures. The quarter also saw MGM make progress with its share buyback program. The Company’s Metrics Surged In the third quarter of the year, the international casino and hospitality powerhouse reported record-breaking results, underpinned by high hotel occupancy. Consolidated net revenues hit $4.2 billion, marking […]
Industry
October 30, 2024
Labour Government Decides Against Raising the Gambling Tax
Two weeks ago, reports suggested that the new Labour government might be considering a tax hike for the gambling sector. These rumors sent shockwaves across the industry, causing operators’ stock to slump. However, gaming companies can rest easy now as no tax hike is on the horizon. No Tax Hike for the Gambling Sector The […]
Business
October 30, 2024
Better Collective Cuts Team Due to Business Struggles
Jesper Søgaard, Better Collective’s co-founder and chief executive officer, announced his company’s plans to part ways with some of its team members. This difficult decision came amid the company’s recent cost base adjustment and financial targets downgrade. Emotional Days for the Company Søgaard described the past few days as “emotional,” adding that he regrets to […]
Business
October 30, 2024
Glitnor Group to Expand European Footprint via OneCasino Acquisition
Glitnor Group, an up-and-coming iGaming company, announced that it has signed an agreement to acquire OneCasino, a leading online casino operator with a strong presence in Spain, Denmark and the Netherlands. The Deal Is Set to Close in 2025 According to the announcement, Glitnor penned a share purchase agreement with OneCasino and will acquire the […]
Business
October 30, 2024
Caesars Q3 Impacted by Competition and Market Headwinds
Caesars Entertainment has published its financial report for the third quarter of 2024 (Q3) and has highlighted a slight decline in the company’s performance. The operator’s assets in Las Vegas and other US regions recorded suboptimal year-to-date metrics amid market headwinds. The Company’s Regional Business Was Impacted by Headwinds Caesars’ net revenue for the period […]
Business
October 30, 2024
Caesars Closes WSOP Brand Sale, Transfers Rights to NSUS
Caesars Entertainment confirmed that it has closed the sale of its intellectual property rights for the World Series of Poker brand. The historic transaction will retain Caesars right to host WSOP events but will see the brand rights transferred to NSUS Group. Caesars Will Retain Some Rights As previously announced, the WSOP brand rights will […]
Industry
October 29, 2024
BOS Approves Sweden’s Signing of the Macolin Convention, Requests Amendments
The Swedish government proposed joining the Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention. The ratification of the convention, which is the only rule of international law on the manipulation of sports competitions, will align Sweden with dozens of countries opposing match-fixing. The Swedish Trade Association for Online Gambling (BOS) […]
Casino
October 29, 2024
CEASE to Hold Press Conference Against Indoor Smoking at Norfolk Casino
As the Norfolk casino project inches closer to realization, Casino Employees Against Smoking Effects (CEASE) hopes to convince the owners to abandon their plans for an indoor smoking area. To that end, the organization will hold a press conference where representatives will highlight the dangers of tobacco smoke. CEASE Will Try to Convince the Casino […]
Lottery
October 28, 2024
UK National Lottery Saves Historic Pier from Crumbling
The UK National Lottery has brought a historic Victorian pier “back from the brink of loss.” The Birnbeck Pier in Weston-super-Make opened in 1867 and has helped people go to Birnbeck Island for a century and a half. The Project Will Preserve Important Patrimony Birnbeck Pier, also known as the Old Pier, is currently one […]
