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Business
January 11, 2024
LeoVegas’ Exclusive Jackpot Can Be a Game-Changer
LeoVegas, a prominent player in the iGaming industry, is making waves with its LeoJackpot, hailed as the world’s largest online casino jackpot. The company believes this feature will be a game-changer, contributing significantly to LeoVegas Group’s branding, market position, and strategic initiatives. This offering should help LeoVegas maintain its 2023 momentum and retain its leadership […]
Business
January 11, 2024
Richard Flint to Leave Flutter’s Board in May
Flutter Entertainment is set to part ways with one of its directors. According to the announcement, Richard Flint, ex-chief executive of Sky Betting & Gaming, will not seek re-election and will instead depart from the board. Flint will finish his current term, which is set to run until May 1. On that date, Flutter will […]
Business
January 11, 2024
GLPI Is Optimistic about M&A Opportunities in 2024, Analyst Says
Gaming and Leisure Properties Inc. (GLPI) is projecting a better environment for M&A activity in 2024. An analyst discussed the matter following a conference call with GLPI’s leadership. As reported by CDC Gaming Reports, Barry Jonas, an analyst at Truist Securities, told investors that GLPI has a balance sheet flexibility that will provide it with […]
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 […]
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, […]
Business
January 10, 2024
Analyst Lowers Price Target on Caesars Stock Due to F1 Performance
In November, the Las Vegas Grand Prix, one of the much-anticipated events for Formula 1 fans, wrapped up. While the event attracted visitors from across the globe, its impact wasn’t as strong as initial expectations, at least for Caesars Entertainment. In a newly released report by CDC Gaming Reports, Joseph Greff, an analyst for J.P. […]
Business
January 9, 2024
Mohegan Appears on Newsweek’s America’s Greatest Workplaces for Diversity List
Mohegan announced that it has appeared on Newsweek’s America’s Greatest Workplaces for Diversity list for 2024. This distinction cements Mohegan as a leader when it comes to fostering a culture of diversity and inclusion, the company said. According to the casino and hospitality giant, this accolade attests to its ongoing commitment to creating a healthy […]
Business
January 9, 2024
Sky Bet Alters BOG Policy, Limits Access to Club Members
Sky Bet recently announced adjustments to its best odds guaranteed (BOG) promotion, restricting access to active Sky Bet Club loyalty scheme members. Effective 15 January, customers must stake £30 within the previous week’s qualifying period to avail themselves of this offering. The operator was confident it would remain competitive despite these changes, highlighting the benefits […]
Business
January 9, 2024
GiG Powers Betway’s Launch in Portugal
Gaming Innovation Group (GiG) has unveiled the launch of the online sports betting operator Betway in Portugal. Powered by GiG’s award-winning iGaming platform and sportsbook, Betway is the supplier’s second B2B partner in the country. Portugal, both companies believe, offers significant growth opportunities to operators. The country’s revenues continued to increase in 2022, hitting a […]
Business
January 9, 2024
Genting Singapore May Consider Thai IR Investment, Analyst
Genting Singapore, the operator of Resorts World Sentosa, a leading casino and entertainment venue located in Singapore, may consider investment in an integrated resort (IR) in Thailand, a new report suggests. According to Samuel Yin Shao Yang, a leading analyst with investment bank Maybank, there is an opportunity for the operator to pursue options for […]
