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Business
August 26, 2024
Sands China Eyes Dividend Restart in 2025, Suggests Analyst
A buyout of minority shareholders’ interest in Sands China or a potential delisting from the Hong Kong Stock Exchange is unlikely, an expert suggested while discussing current and future prospects for the popular Macau casino operator. Seaport Research Partners’ analyst, Vitaly Umansky, cited talks with Sands China’s parent company, Las Vegas Sands Corp from the […]
Business
August 26, 2024
Construction Financing Key to GLPI’s Future Growth, Says Expert
The real estate investment trust, specializing casino properties, Gaming and Leisure Properties (GLPI), has enjoyed a busy year so far, with a number of important announcements and strategic moves. Recognized as the nation’s first gaming real estate investment trust, the 2013-founded company has a growing portfolio of 65 premier gaming and related facilities. The properties […]
Business
August 23, 2024
Winner Joins evoke plc’s Portfolio in Romania After €10M Cash Injection
evoke plc, one of the world’s leading betting and gaming groups that owns and operates globally renowned brands including William Hill, 888, and Mr Green has acquired a 51% stake in Romania’s Winner.ro owner New Gambling Solutions (NGS) SRL. Consequently, the group has now turned into the fourth largest Business-to-Consumer operator in the country which […]
Business
August 23, 2024
Goldman Sachs Divests Major Stake in Kindred Group
The globally recognizable gaming group, Kindred Group, confirmed details regarding a major shareholding move. On Thursday, the company revealed it was notified that one of its shareholders, The Goldman Sachs Group, divested a large portion of its stake. This isn’t the sole shareholding move confirmed by Kindred recently. Earlier this year, the company revealed major […]
Business
August 22, 2024
PointsBet Is Not Concerned About Changes to Ad Regulations
Gambling operator PointsBet is optimistic about its business in Australia despite the country’s mulled gambling ad restrictions. The company is certain that its business is in a position where it would be more or less unaffected by such a change. For context, the country is considering proposals to ban or at least significantly limit gambling […]
Business
August 22, 2024
Better Collective Announces $31M Price Drop for Playmaker HQ
Last July, the leading digital sports media group with top sports media brands and esports coverage Better Collective announced it finished the acquisition of South Florida-based sports and entertainment media platform Playmaker HQ as a means of boosting its social media and sports content. Now, the Denmark-based company founded in 2004 has issued its second […]
Business
August 22, 2024
Analyst Sees Potential for Penn’s Interactive Segment Growth
Earlier this month, Penn Entertainment, the leading land-based and online sports betting operator, released its second quarter results. At the time, the company pointed to strong revenue of $1.66 billion for the three months ended June 30, 2024. The result marked a slight dip compared to the $1.67 billion figure posted for the corresponding period […]
Business
August 21, 2024
Analysts Optimistic over DraftKings’ Prospects with the Start of NFL Season
DraftKings stock is down 1.3% in 2024 due to stiff competition, higher taxes on sports betting, and concern over several recent gambling scandals that could damage the company’s public image. Although DraftKings stock underperformed this year, many analysts remain bullish regarding the prospects of the sports-betting company, considering the NFL season is around the corner. […]
Business
August 21, 2024
Wynn Appoints Max Tappeiner as Wynn Al Marjan President
Wynn Resorts has designated Max Tappeiner as the president of its Wynn Al Marjan Island property. Tappeiner, who is set to step into the office on September 1, 2024, will stand at the helm of the new resort, overseeing the company’s foray into the United Arab Emirates. Tappeiner Replaces Schoen In his new position, Tappeiner […]
Business
August 20, 2024
Analyst Cautious on Decelerating Trends for Remainder of 2024
An expert analyst disclosed details regarding the current state of gaming and betting markets in the US and Macau, highlighting a decrease in customer spending is expected throughout the second half of the year. The expert analysis came from J.P. Morgan analyst, Joseph Greff, who was recently quoted by CDC Gaming and commented on important […]
