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Industry
July 14, 2021
Circus Circus Continues to Fight COVID-19 Insurance Claim Denial
Insurance companies love keeping their customers happy, except when it comes time to pay a claim. Then, many suddenly go silent. In the wake of the COVID-19 pandemic, a number of casino operators submitted claims for the losses they incurred through months of work stoppages, yet most insurers have clammed up. Circus Circus was one […]
Industry
July 13, 2021
Macau GGR Rebounds in July, Further Improvement Expected
A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]
Industry
July 13, 2021
Prophet to Roll Out Sports Betting Exchange in NJ, IN via Caesars Deal
Under a new market access agreement with Caesars Entertainment, Prophet will launch its sports betting exchange services in New Jersey this year. Furthermore, under the multi-year agreement, the company will launch its services in Indiana in 2022. Prophet to Launch Services in New Jersey, Indiana New Jersey-based sports betting exchange, Prophet announced Monday that it […]
Industry
July 13, 2021
Las Vegas Sands to Explore iGaming Options
Davis Catlin, a gaming industry veteran, will be leading Las Vegas Sands’ newly created digital gaming investment team. By creating the team, the company plans to grow further and solidify its position as a market leader in the iGaming space. This is a stark shift from the times when the late Sheldon Adelson was running […]
Industry
July 13, 2021
MGM’s Strip Sales and CityCenter Purchase Credit Negative
A recent report released by a top credit rating agency is warning investors about potentially increased risks from contingent lease obligations following a sale-leaseback scheme. Increased Credit Risk The report issued by Moody’s Investor Service considers the sale of the real estates of Aria and Vdara casino resorts on the Las Vegas Strip by MGM […]
Industry
July 13, 2021
Flutter sells Oddschecker for $215.2 million to Bruin Capital
Flutter Entertainment has announced its agreement to sell its affiliate subsidiary company Oddschecker, for $215.2 million to Bruin Capital, a private equity group. A Private Equity Firm Acquires Oddschecker by the End of the 3rd Quarter Flutter Entertainment, a holding company (created by the merger of Paddy Power and Betfair), has announced it would sell […]
Industry
July 13, 2021
Codere Becomes Main Sponsor for Mexico’s Monterrey Rayados
Monterrey Rayados, a Mexican soccer powerhouse, has partnered up with Codere, which will become the team’s official sponsor through 2024/25. Codere Deepens Mexican Sports Presence Codere continues to build up its ties with soccer clubs around the world. After rival Sportsbet.io signed a fresh partnership with Brazilian powerhouse Sao Paulo FC, the international gaming operator […]
Industry
July 13, 2021
Indiana’s Foray into Sports Betting Is Paying Off
Indiana has had legal sports betting for a little more than two years and it has continued to deliver good things to the state. There have been ups and downs in the market, just like there are with any, but, overall, things are looking up. June proved to be a relatively successful month for Indiana […]
Industry
July 13, 2021
Gambling.com Begins Selling Shares Ahead of Anticipated NASDAQ Launch
Gambling.com is looking to become the latest gaming-related entity to trade on a public exchange. After recently announcing its plans to introduce an initial public offering (IPO), it has now filled in some of the blanks. The company has big plans for its future, and is confident that it will continue to be a major […]
Industry
July 12, 2021
Oregon June Sports Betting Posted Double-Digit Revenue Growth
Sports betting revenue in Oregon was on the rise in June, the monthly report released by the Oregon Lottery revealed. The state posted a double-digit increase in revenue on a sequential base. Steady Revenue Growth The Scoreboard, a sports betting product powered by Boston-based sportsbook and industry technology supplier DraftKings and run by the Oregon […]