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Business
January 19, 2024
Deutsche Bank Analyst Reevaluates Q4 Projections for Las Vegas Sands
Las Vegas Sands, the globally recognized hospitality and gaming company, confirmed the launch of a massive revamp at Marina Bay Sands back in February 2022. Earlier this week, the second phase of the project was initiated which involved a $750 million reinvestment. Again, this week, Las Vegas Sands’ share price target marked an increase. Carlo […]
Business
January 19, 2024
Caesars Entertainment Preliminary Q4 Results Fail to Meet Expectations
Caesars Entertainment (NASDAQ: CZR) provided a preliminary view of its fourth-quarter results in a Form 8-K filing with the Securities and Exchange Commission (SEC), indicating that the company might miss analysts’ EBITDA and sales projections. Likely expecting this development, the company recently announced a new tender offer, hoping to solidify its financial position. Most Metrics […]
Business
January 18, 2024
EveryMatrix Co-Founder Hornsletten Moves to CEO of Games
The bold iGaming provider leading the way with innovative solutions, EveryMatrix, has announced that its co-founder, Stian Hornsletten, will move to the position of chief executive officer of the Games division at the start of next month. The news comes after the WLA Safer Gambling–certified company appointed Nikolina Gabelica as the new head of lottery […]
Business
January 18, 2024
Betfair Promotes Rich Hayward to Managing Director Role
Betfair, the world’s biggest online betting exchange that is also a part of Flutter Entertainment, strengthened its team with a senior-level promotion. Rich Hayward, an experienced executive with the company announced he was elevated to the role of managing director at Betfair for Flutter UK & Ireland. Announced Wednesday, the senior-level promotion marks the latest […]
Business
January 18, 2024
Flutter Posts Strong Q4 Results, Plans to Retain Momentum in 2024
The globally recognized betting and gaming operator, Flutter Entertainment, released its latest trading update, uncovering details regarding the company’s performance for the fourth quarter of 2023. The new unaudited report emerged Thursday and highlights strong growth in terms of revenue and the number of average monthly players (AMPs) for the latest trading period. Flutter posted […]
Business
January 18, 2024
Atari’s Las Vegas Hotel May Become a Reality Very Soon
Atari’s Las Vegas hotel might become a reality this year, according to reports. The planned Las Vegas property was first proposed in 2020 and will be one of the first locations for what Atari hopes to become a chain of branded hotels. GSD Group, the company behind the Atari-branded hotels project, provided renderings of the […]
Business
January 18, 2024
Study Suggests Indiana Can Rake in Millions in Tax Revenue from iGaming
Currently, less than ten US states offer legal online gambling activities. Unlike sports betting which is available in close to 40 states, iGaming activities are yet to lift off and expand across the country. Major online gambling markets are New Jersey, Pennsylvania, as well as Michigan. Considering the benefits the activity can bring, different states […]
Business
January 17, 2024
888 Records 8% Annual Revenue Drop in 2023
The UK-headquartered, leading betting and gaming company that acquired William Hill’s non-US business in 2022, 888 Holdings Plc, has published its post-close trading figures. The report indicates an 8% decrease in the group’s annual revenue for the full year 2023, emphasizing important drops in the UK online and global markets. The fourth quarter’s revenue reached […]
Business
January 17, 2024
Flutter Completes Majority Acquisition Deal with MaxBet
Gambling giant Flutter Entertainment announced that it has completed its majority acquisition of MaxBet, a Serbian gambling operator. The move was officially announced in September 2023, with Flutter agreeing to pay €141 million (roughly $153 million, current rates) to acquire a majority stake in the Balkans-oriented company. The deal has now been closed, putting Flutter […]
Business
January 17, 2024
Massachusetts Casinos, Betting Operators Post Strong December Results
The gambling regulator in Massachusetts, the Massachusetts Gaming Commission (MGC), released its latest report Tuesday, outlining details regarding the performance of licensed sports betting and casino operators for December. Last month marked a strong period for brick-and-mortar casinos and sports betting operators, considering that the total taxable gaming revenue hit $163.6 million. This result marked […]
