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Business
August 1, 2024
Phil Hellmuth Divests RSI Shares Amid Affiliate Program Controversy
Phil Hellmuth, a celebrated figure in the poker world, recently announced that he has sold his entire stake in Rush Street Interactive (RSI). This decision comes on the heels of the company’s controversial move to discontinue its affiliate program across multiple states, a move that has stirred discontent within the gaming community. Phil Hellmuth Sells […]
Business
August 1, 2024
Playson Secures B2B License from Peru’s MINCETUR
Playson, one of the leading suppliers of digital entertainment, has expanded its geographical footprint, securing approval to launch its games in Peru. The foray into yet another Latin American country aligns with the company’s ambition to reach even more players with its cutting-edge games. Playson Worked Tirelessly to Fulfill MINCETUR’s Requirements Playson said that it […]
Business
August 1, 2024
RSI Posts Strong Q2 Results Thanks to Operational Efficiencies
Leading iGaming and sports betting operator Rush Street Interactive (RSI) has published its financial results for the second quarter of 2024 (Q2). In its report, the company highlighted a strong position as revenue skyrocketed and net loss decreased. RSI Posted Favorable Metrics RSI’s Q2 2024 report outlined record-breaking revenue of $220.4 million, up 34% from […]
Business
August 1, 2024
Bally’s Execs Tight-Lipped on Merger During Recent Earnings Call
Bally’s Corporation, the leading gaming and entertainment company with a strong presence in the United States, announced recently it has entered into a definitive merger agreement with its largest common stockholder, Standard General L.P. Despite the initial announcement, Bally’s executive didn’t discuss the topic during a recent earnings call on Wednesday. Per the strategic deal, […]
Business
August 1, 2024
Southwell Racecourse to Reopen After Extensive Refurbishment
Southwell Racecourse, a thoroughbred horse racing venue in Nottinghamshire, England, will finally return to full working capacity. According to the venue’s official announcement, its refurbishment has been completed, allowing it to completely reopen. The Damage Took Almost a Year to Fully Fix Southwell Racecourse, for context, suffered extensive flooding damage in October 2023 when Storm […]
Business
July 31, 2024
Caesars Digital Shines with Record Q2 Revenue
Caesars Digital, the online sports betting and iCasino division of Caesars Entertainment, has been the bright spot in what was otherwise a tepid second quarter for the company. The digital segment reported a company record of $40 million in positive AEBITDA (adjusted earnings before interest, taxes, depreciation, and amortization), a significant leap from the $11 […]
Business
July 31, 2024
WynnBet Exits New York, Downstate Casino Hopes Remain
WynnBet, one of the pioneers in the New York online sports betting market, will no longer be taking bets, heralding the coming of ESPN Bet to the Empire State. Wynn Is Winding Down Its Online Presence The Wynn-owned sportsbook stopped taking bets on Monday, putting an end to over two years of operation. New York […]
Business
July 30, 2024
IGT Posts Strong Q2 Results as Gaming and Digital Sale Looms
International Game Technology (IGT) has published its Q2 report, highlighting strong financial results. Revenue remained mostly stable during the period, despite a few minor setbacks. IGT’s Financials Were Stable Revenue for the period stood at $1.05 billion, marking a 1% decline from Q2 2023. This comprised $436 million of Gaming and Digital revenue and $613 […]
Business
July 29, 2024
Bally’s Reaffirms Commitment to Las Vegas amid Ambitious Expansion Plans
Soo Kim, Bally’s chairman and co-founder of Standard General L.P., the company behind the recently announced acquisition, discussed the operator’s post-merger strategy. He noted that the future of casino gaming remains bright despite current market uncertainties. Kim remained adamant that the multibillion-dollar investment was a testament to Standard General’s confidence in the sector’s continued growth. […]
Business
July 29, 2024
BetMGM Posts Negative H1 EBITDA Amid Investment Year
Gaming and betting giant Entain has published a report concerning the BetMGM brand’s performance in the first half of 2024 (H1). Co-owned by Entain and MGM Resorts International, the operator recorded accelerating momentum through the year. Negative EBITDA Is in Line with Expectations The H1 update highlighted net revenue from operations of 1 billion, up […]
