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Business
April 29, 2020
Nevada Gaming Control Board: March Gaming Revenue Sank Nearly 40%
Gaming revenues for March in Nevada, the gambling focal point in the US, slumped 39.6% year-on-year as a result of the casinos closure that had been in effect, the Nevada Gaming Control Board pointed out. The state-wide order to close down casinos as part of the non-essential businesses that needed to halt operations to help […]
Business
April 28, 2020
UK Gambling Companies Agree to Limit TV and Radio Ads through June 5
The Betting & Gaming Council and the United Kingdom’s leading gambling companies have negotiated temporary measures to help protect vulnerable gamblers by limiting the number of advertising shown on TV and radio. TV and Radio Advertisement for Gambling Limited Through June 5 Gambling operators in the United Kingdom have agreed to a new measure to […]
Business
April 27, 2020
Kindred Group Posted 11% Revenue Growth for First Quarter 2020
Malta-based Kindred Group issued its January-March 2020 interim report, posting first quarter winnings of £249.7 million, an 11% increase in revenue compared to the same period in 2019. Underlying earnings before interest, tax, depreciation, and amortisation /EBITDA/ amounted to £42.5 million, despite £20.7 million of comparability cost adverse effect. Sports Betting the Main Driver Despite […]
Business
April 27, 2020
Aristocrat Updated ASX Investors Regarding Policy Related to Health Crisis
Australian gaming provider company Aristocrat issued an investor update on Monday, outlining the steps it will undertake in response to the ongoing situation across the world related to the spread of the coronavirus infection. Having as a first priority the health and well-being of its team members and their families, 99% of the company’s employees […]
Business
April 27, 2020
Hard Rock Intl. Confident it Will Win Hellinikon Appeal
Hard Rock International has appealed Greece Gaming Commission’s decision ruling in favor of Mohegan Gaming & Entertainment for the Hellinikon gaming project. Hard Rock Appeals The Gaming Commission’s Decision The airport near Athens in Greece is proving a contentious point between two gaming giants and Greece’s Gaming Commission. Mohegan Gaming and Hard Rock International may […]
Business
April 26, 2020
AGA Approves of SBA Proposed Changes to Aid Gambling SMEs
Finally, an amendment has been introduced by SBA which would allow small gambling businesses to weather the COVID-19 lockdown and receive federal funding. The Latest PPP Changes Finally Get Approval from AGA Following weeks of pressure and debates, the Small Business Administration (SBA) finally agreed to revise the Paycheck Protection Program (PPP) on Friday, April […]
Business
April 25, 2020
Gauselmann Prepares to Re-Open As Germany Eases Back from Restrictions
German gaming technology and equipment manufacturer Gauselmann Group has been preparing its production and gaming facilities for an earlier opening, encouraged by the recent developments in the country where the federal government starts to ease back the economy from the restrictions. Production, Sales and Gaming Closed Due to the coronavirus spreading concerns, Gauselmann closed down […]
Business
April 24, 2020
MGM Issues New Public Debt of $750M to Boost Liquidity
MGM Resorts has announced the company managed to raise $750 million in new debt, to further strengthen its balance sheet amid the uncertainty related to the current health crisis that led to casinos closure across the states. Notes Offering Amount Upsized Thursday morning the casino operator was hoping to reach at least $500 million, and […]
Business
April 24, 2020
Google Implements Identity Verification for All Types of Advertisers
Google intends on implementing an identity verification process for all entities that would like to advertise on its platform, gambling advertising companies included, a recent blog post suggests. John Canfield, Google’s Product Management, Ads Integrity Director, used the official blog of the company to inform the public that changes to the advertising policy of the […]
Business
April 24, 2020
DEAC Finalizes DraftKings and SBTech Merger
Diamond Eagle Acquisition Corp. (DEAC) has given the go-ahead for the acquisitions of DraftKings and SBTech, leading to a new giant in the gambling industry. During the meeting held on Wednesday, April 23, the majority of shareholders – in charge of 99.7% of DEAC stock, supported the previously announced deal. Around 0.3% objected or abstained […]