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Business
September 10, 2024
Penn CEO Snowden Purchases $850K Worth of Company Stock
Penn Entertainment CEO Jay Snowden remains confident in the company’s stock, despite its recent decline. To highlight his trust in the company, the executive expanded its stake in the operator, purchasing 54,200 more shares for approximately $1 million. Snowden Now Owns Almost a Million Shares The purchase was outlined in a recent Securities and Exchange […]
Business
September 9, 2024
Betsson May Fuel Strategic Realignment with Three €100M Bonds
Stockholm-listed operator Betsson AB announced it is considering issuing new EUR-denominated senior unsecured bonds with a three-year tenor. The potential issue, valued at EUR 100 million ($110.46 million) under a framework of EUR 250 million ($276.15 million), comes as part of the company’s broader financial strategy to refinance outstanding bonds and support general corporate purposes […]
Business
September 9, 2024
Entain Posts H2 Growth Update, Highlights Favorable Performance
Gambling giant Entain just published an update on its strategy and trading momentum, reporting progress into the second half of the year. The company highlighted its recent achievement, expressing confidence in results that have so far exceeded its expectations and optimism about the future of its business. The report’s release comes ahead of investor meetings […]
Business
September 9, 2024
New BGC CEO Grainne Hurst Targets Growth and Stability
The Betting and Gaming Council (BGC), the single industry body representing the UK betting and gaming industry, confirmed that Grainne Hurst, has officially filled in her CEO role. Her appointment follows a strategic restructuring process that was initiated by the BGC earlier this year. In April, the exit of Brigid Simmonds saw the appointment of […]
Business
September 9, 2024
Ohio Gambling Treatment Network Will Make Support More Accessible
The Problem Gambling Network of Ohio (PGNO), a responsible gambling advocacy organization, has unveiled the Ohio Gambling Treatment Network (OGTN), a new telehealth system that provides free mental health support to locals experiencing gambling problems or concerns. OGTN Will Help People Overcome Excessive Gambling The launch of the new OGTN reflects PGNO’s commitment to safer […]
Business
September 6, 2024
DraftKings: Live Betting Improvements Are Key to Increased Market Share
DraftKings CEO Jason Robbins provided an insight into his company’s plans for the NFL season. According to him, his company might be able to catch up to FanDuel this season and cut into its competitors’ revenue share. DraftKings Hopes to Challenge FanDuel DraftKings and FanDuel have long exerted dominance over the US betting sector, competing […]
Business
September 6, 2024
New Jersey’s DGE Penalizes Borgata over Underpaid iGaming Taxes
New Jersey’s gambling regulators understood that the Borgata Hotel Casino & Spa, one of the biggest casinos in Atlantic City, has underpaid its iGaming taxes twice. The property, according to reports, did so by taking approximately $15 million more in credits than it was entitled to. Borgata Was Forced to Pay the Money It Owed […]
Business
September 5, 2024
Novig Launches Sweepstakes Platform in the US
Novig, an ambitious sweepstakes startup, has launched in 42 US markets and Washington DC. Despite the somewhat controversial nature of sweepstakes, the prediction operator hopes to disrupt the market with innovative content that doesn’t put customers at a disadvantage. Novig Makes Big Promises Novig’s nationwide launch hopes to channel thousands of players who have been […]
Business
September 5, 2024
Star Entertainment’s Financial Woes Deepen despite Queens Wharf Opening
The troubles for The Star Entertainment, Australia’s leading casino operator, continue after its recent suspension from trading on the ASX, the country’s primary stock exchange. The unexpected move came after the operator missed the deadline to submit a financial report last week. The announcement came just after the company opened its new venue in Queensland, […]
Business
September 4, 2024
MGM Resorts Raises Debt Sale to $850M from $675M
The global gaming and entertainment company that offers best-in-class hotels and casinos, MGM Resorts International, announced it decided to increase its debt sale from $675 million to $850 million. In a statement on Thursday, the company confirmed that it plans to raise more money through debt than initially expected. As a result, MGM confirmed it […]
