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Industry
December 5, 2020
BetMGM Launches BetMGM Casino in Pennsylvania
BetMGM, the sports betting and iGaming brand of the joint venture of GVC Holdings and MGM Resorts, Roar Digital, announced yesterday the launch of its BetMGM Casino in Pennsylvania, offering players in the Keystone State the opportunity to experience firsthand its exclusive portfolio of slot and table games. BetMGM Casino Live in Pennsylvania The easy-to-play […]
Industry
December 5, 2020
Stefan Lundborg Resigns From Kindred Due To Insider Crime Investigation
Stefan Lundborg is leaving his position as а non-executive director at Kindred Group after he became a subject of investigation for insider crime launched by the Swedish Economic Crime Authority (SECA) Stefan Lundborg is Subject to Investigation for Inside Crime by SECA Kindred Group has informed the public in a press release about the resignation […]
Industry
December 4, 2020
Gambling Review in the UK Starts on Monday, December 7
The United Kingdom will begin its Gambling Act review on Monday, December 7 in what is the broadest regulatory move the gambling industry on the island has seen since 2005. Gambling Act Review Begins on Monday The long-anticipated review of the Gambling Act will launch this coming week and it will put up several important […]
Industry
December 4, 2020
MGM Resorts and MGM Growth Properties Announce Redemption of $700 Million Partnership Units
MGM Resorts had $700 million as part of its agreement with MGP to exchange $1.4 billion of the MGP Operating Partnership units owned by MGM Resorts for cash by February 2022. MGM Resorts Left with 53% Stake in MGM Growth Properties On Wednesday, MGM Resorts announced it has reduced its ownership stake in its real […]
Industry
December 3, 2020
Atlantic City’s Rating by Moody’s Remains at Ba3, Outlook Shifts to Positive
Moody’s has put on hold the issuer’s rating of Atlantic City due to the unstable economic situation, increased governance and social risk, as well as income inequality. Despite the ongoing challenges, its outlook has been improved due to the city’s casino property taxes programme, the growth in online gambling and the city’s continued efforts for […]
Industry
December 3, 2020
2019 STRs from Remote Gaming Surpassed Credit Institutions
The Financial Intelligence Analysis Unit (FIAU) in Malta released its Annual Report 2019 showing a continuation of the upward trend in the number of suspicious transaction reports (STRs) since 2010. Led by remote gaming companies’ reports which accounted for 52% of the 2,778 total cases reported to the monitoring body and surpassed credit institutions, the […]
Industry
December 2, 2020
Spain Loses 50% of Gambling Revenue in 2020 Year-over-Year
Gambling sector sees 50% drop compared to 2019 reports the latest Yearbook of Gaming in Spain 2020. Spanish Gambling Experiences Hardships in Pandemic Year The Spanish gambling industry association, Cejuego, and the University Carlos III of Madrid have compiled a revised outlook of the gambling industry in the country, reporting a 50% drop in gambling […]
Industry
December 2, 2020
Investors Expect Gambling Industry to Rise
Gambling operators are expected to gain momentum in the next months and in the long term with an increasing number of traders buying stocks or investing in thematic ETFs. Stock Markets Hit Record Lows in March In March, the world’s stock markets recorded all-time lows as Covid-19 started to spread rapidly outside of China and […]
Industry
December 1, 2020
UKGC Statistics Report Showed 8.1% Rise in Online Gambling
The UK Gambling Commission (GC) published its bi-annual gambling industry statistics report showing growth in online gambling. The remote sector with its £5.7 billion in gross gaming yield (GGY) represented 39.9% of the total £14.2 billion generated by the industry during the reported period of April 2019 to March 2020. The overview report in terms […]
Industry
December 1, 2020
Evoplay Reinforces Exposure in the UK and Malta After New Deal
After recently teaming up with InPlayNet, game development studio Evoplay Entertainment inked a deal with Playzido on Tuesday, December 1. Evoplay Partners up with Playzido for Content Deployment Evoplay is on its way to break ground in more markets and reach more audiences, thanks to an exciting new partnership with Playzido, a leading distributor of […]