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Business
July 2, 2020
Casinos in Atlantic City Reopen Today and on Friday, July 4
Atlantic City’s casinos are reopening today, Thursday, and tomorrow, Friday, amid heightened safety and health protocols. Indoor dining, smoking, and drinking have been banned. The Borgata has chosen not to restart operations. AC Casinos Prepare to Reopen 108 Days after Shutdown Casinos in Atlantic City are opening for business for the first time in 108 […]
Business
July 1, 2020
DraftKings Enters Illinois, Bad Actor Clause Worked Around
DraftKings is entering the Illinois sports betting market, an SEC filing by the daily fantasy and sports book operator showed. Despite the provision in the law legalizing sports betting in the state against online-only sports book companies to stop them from entering the market for 18 months, the Boston-based operator found a work-around, through a […]
Business
July 1, 2020
William Hill to Combine Retail and Online Business in the UK
Sports betting and gaming giant William Hill has announced that the company will combine its online and retail business to help it boost results in 2021 and seek a more streamlined approach of doing business in future. William Hill Merges Online and Retail Businesses, Shuts Down Offices William Hill has revealed plans to merge its […]
Business
June 29, 2020
Golden Nugget Online Gaming Goes Public Through SPAC Acquisition
Golden Nugget Online Gaming, the online division of the famous casinos owned by Tilman Fertitta, is about to go public, to become only the second online casino operator to be traded on a US exchange. SPAC Acquisition Paves the Way to Nasdaq Landcadia Holdings II, Inc, a special purpose acquisition company (SPAC) owned by Tilman […]
Business
June 28, 2020
Gaming REITs Stock Undervalued, Offering Potential for Investors
Casino companies selling their gaming properties to real estate investment trusts (REITs) and then leasing them back was an event happening relatively often since the beginning of 2020, and especially during the period of casino closures when operators were struggling for short-term cash to cover their burn rates. It featured heavily into the Eldorado Resorts […]
Business
June 28, 2020
GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers
In a bid to weather what has been an unending crisis, Macau’s junket operators could resort to shuttering their gaming rooms and laying off employees en masse. Macau’s Junket Operators Face Layoffs and VIP Gaming Rooms Suspensions Macau’s entire business model was first disrupted when COVID-19 hit back in February, forcing a two-week closure. With […]
Business
June 27, 2020
ABSG: First Progress Report and Year Two Recommendations
The Advisory Board for Safer Gambling (ABSG) issued Thursday its first progress report, urging stakeholders to speed up progress towards achieving the goals. The independent advisory body was set up to support the National Strategy to Reduce Gambling Harms initiative by the Gambling Commission, a 3-year plan for cross-industry collaborative approach implementation. Towards a Safer […]
Business
June 24, 2020
Betway Uses AML to Delay Paying Out Player Winnings
Excessive losses may not be the only issue addicted gamblers are facing while dealing with unscrupulous operators, a story followed by The Guardian shows. In the country where the gambling market is one of the most regulated ones and the regulator is dishing hefty financial sanctions, it turns out cashing out on winnings may not […]
Business
June 24, 2020
Evolution Gaming Offers £1.68bn NetEnt Buyout, Executives Agree
A new B2B online casino giant may soon be born with Evolution Gaming making an offer to acquire 90% of NetEnt’s shares for estimated £1.68 billion. NetEnt’s board of directors has recommended shareholders to accept the move. NetEnt Feels Confident to Accept Evolution Gaming’s Offer Leading live dealer supplier Evolution Gaming Group AB has extended […]
Business
June 21, 2020
CGA: Ontario Casinos Ready to Re-Open, Bingo Halls to Follow-Up
Casinos and bingo halls in Ontario are seeking permission to re-open earlier, after a report emerged claiming representatives of the casino industry association appeared before the Finance and Economic Affairs Committee on Friday, during the briefing day for the tourism and hospitality industry impacted by the temporary closures. Casinos Up and Ready As each sector […]