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Business
November 3, 2022
Penn Entertainment Posts Strong Q3 Results
After announcing its Q2 2022 revenue went up 5.2% in Q2 2022 to $1.63 billion in Q2 2022 compared to $1.55 billion, Penn Entertainment has published its Q3 results. The report highlights $1.6 billion in revenue, signaling an 8% year-on-year increase compared to the same quarter in 2021. The company also recorded a net income […]
Business
November 2, 2022
Melco’s Q3 Report Signals 46% Drop in Revenue
Toward the end of October, Melco Resorts & Entertainment announced it was getting ready to recruit 1,000 employees to fill in the new positions for its new Mediterranean project in Cyprus. Now, the company has made its unaudited third-quarter earnings for 2022 public, signaling a 46% decrease in total operating revenue. Strict Traveling & Covid-19 […]
Industry
November 2, 2022
SCCG Confirms Intent to Invest in Bettor Fantasy
SCCG founder and CEO Stephen Crystal has said that his company will back Bettor Fantasy, a fantasy betting platform and brand. Moving forward, SCCG will provide capital investment, offer strategic advisory services, and not least, draw a business development plan to help the fantasy platform grow and reach new audiences. SCCG to Invest in Bettor […]
Business
November 2, 2022
Caesars Reports Strong Q3 2022 Results, Flamingo Sale Off
Caesars Entertainment reported its third-quarter results on Monday, encompassing the three-month period that ended on September 30, 2022. The company saw sustained improvement across the board with GAAP net revenues hitting $2.9 billion compared to $2.7 billion over the same period from a year before. GAAP net income also improved for the company and stood […]
Business
October 28, 2022
Real Luck Rejects Arviv’s Merger Proposals
After announcing it became the official sponsor for Thunder Awaken as Team Battles in TI11 last week, Real Luck Group has now explained why it rejected a couple of merger proposals from Kaos Capital’s founder and chief executive officer Adam Arviv. The group called Arviv’s proposals “contradictory and opportunistic,” questioning whether he had been acting […]
Business
October 28, 2022
Red Rock Resorts Publishes Q3 Results
Red Rock Resorts, the NASDAQ-listed holding company that manages Station Casinos LLC and owns an indirect equity interest in it, has published its Q3 results. The company has reported an “effectively flat” revenue on a year-on-year basis compared to Q3 2021. It also signaled a 19% rise in new income and a 1.4$ drop in […]
Business
October 7, 2022
ESPN and DraftKings May Seal a Historical Deal
At the end of August, ESPN announced that it was interested in joining the sports betting market by selling its brand to sportsbook operators like Caesars Entertainment and DraftKings. The speculated license price was $3 billion, according to a media report based on sources that were not named. Now, Walt Disney Co.’s ESPN seems to […]
Casino
October 6, 2022
Tilman Fertitta Files Plan for $270M Hotel & Casino on the Strip
In June, American billionaire, businessman, TV personality, and owner of Golden Nugget and Landry Tilman Fertitta purchased 6.2 acres on the Las Vegas Strip after several failed attempts to obtain the land. Rumors regarding Fertitta’s plans to build a state-of-the-art casino resort on the land immediately started circulating. Now, Fertitta has officially confirmed the rumors […]
Business
October 4, 2022
AGA: Gaming CEOs Are “Cautiously Optimistic” about the Future
The American Gaming Association (AGA), the United States gaming industry association, teamed up with the leading market analyst Fitch Ratings to release a new edition of its Gaming Industry Outlook. In the latest edition, AGA said that most of the executives within the sector are optimistic about the industry’s future. What CEOs Think about the […]
Business
September 15, 2022
Fortuna Entertainment Group Appoints Victor Corcoran as New CEO
Fortuna Entertainment Group (FEG) has officially appointed Victor Corcoran as the new CEO. That includes Croatia, Slovakia, the Czech Republic, and Poland. Corcoran will be replacing David Vaněk, who served as interim CEO after Per Widerström decided to leave and chase new career opportunities. Corcoran Joins From Paddy Power Where He Worked as CEO Before […]
