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Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]
Business
January 22, 2025
NOVOMATIC Sets Out to Acquire Vikings Casinos
NOVOMATIC announced that it has penned an agreement to acquire Vikings Casinos SAS, a French casino group. The deal is in line with NOVOMATIC‘s ambitious growth strategy and would expand its presence in Europe. NOVOMATIC Targets International Growth As announced by NOVOMATIC, the acquisition is still subject to certain regulatory conditions and approvals. If permitted, […]
Business
January 22, 2025
Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]
Business
January 22, 2025
LiveRamp and Mohegan to Launch Pioneering Casino Media Network
NYSE-listed data collaboration platform used by some of the most innovative companies on the planet, LiveRamp, has announced a fresh partnership with Mohegan, a global leader in casino and entertainment. The two will launch the industry’s first casino media network, giving brands access to Mohegan’s rich first-party data. According to the new agreement, brands using […]
Business
January 22, 2025
Analyst Flags Weakening Credit Trends for Mohegan Gaming
At the start of the new year, the leading gaming, hospitality and entertainment company, Mohegan Gaming and Entertainment, announced that the Mohegan Tribal Gaming Authority entered into a fourth amendment to credit agreement and BIA loan agreement. The announcement came at a time when the company recorded performance under the expectations of its Inspire Korea […]
Business
January 21, 2025
MGM China Unveils Salary Increase for 99% of Its Workforce
MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]
Business
January 21, 2025
Isle of Man GSC Appoints Mark Rutherford as Permanent CEO
The Isle of Man Gambling Supervision Commission (GSC) named Mark Rutherford its permanent chief executive officer. According to his new position, Rutherford will be responsible for the upkeep of the island’s regulatory framework for gambling and medicinal cannabis while guaranteeing complete integrity and transparency for these sectors and protecting consumers as well as the island’s […]
Business
January 21, 2025
Golden Entertainment, Wynn Resorts Tipped for Success, Says Analyst
An expert analyst recently highlighted a number of stock picks for the year, mentioning several companies within the gambling sector. Fox Can Enter the Gambling Vertical Through Share Purchase in FanDuel That’s the opinion of Mario Gabelli, Gabelli Funds’ CEO and chairman, who participated in Barron’s “Roundtable,” along with five other experts. Those professionals shared […]
Business
January 20, 2025
EveryMatrix’s Growth Continues as Company Posts Record 2024 Results
EveryMatrix, an industry-leading provider of iGaming tech and content has published its financials for 2024, highlighting an unprecedented success for its business. The company’s leadership applauded the results and said that it hoped the momentum would continue. A Strong Year for the Provider In the fourth quarter of 2024, EveryMarix set a new quarterly record […]
Business
January 20, 2025
GiG’s Sweepstakes Platform Hits the Market with Primero
Gaming Innovation Group (GiG) announced that it has launched its new sweepstakes casino platform online, revolutionizing the sector. This latest product underscores the company’s commitment to fostering innovation in new and emerging markets. GiG’s SweepX Goes Live According to GiG’s announcement, SweepX is now live with new partner Primero under the goldrushcity.com brand. The former […]
