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Gambling News - 'Business'
Business
January 7, 2025
Bragg Enters Brazil, Expects It to Become a Core Market
Bragg Gaming Group, a leading provider of online casino content and platform technology, has unveiled a foray into Brazil’s freshly regulated market. The Latin American country launched regulated online casinos and betting a week ago, marking a new age for local gaming. Bragg Enters Brazil’s Fresh Market Bragg was proud to announce its entry into […]
Casino
January 7, 2025
Station Casinos’ Durango Breaks Ground on Phase II of Development
American casino & hospitality company Station Casinos has embarked on a new expansion journey, setting out to enhance its Durango Casino and Resort. The new development marks the beginning of the second phase of the property’s expansion, the Las Vegas Review-Journal announced. Phase II of Development Has Commenced Durango Casino and Resort, located in the […]
Business
January 7, 2025
M&A Activity Is on the Table for DraftKings in 2025, Deutsche Bank Says
Deutsche Bank analyst Carlo Santarelli has suggested that mergers and acquisitions would be a likely strategy for American betting powerhouse DraftKings in 2025. This comes amid suboptimal Wall Street projections for the company’s performance. DraftKings Might Struggle to Hit the Mark As reported by CDC Gaming Reports, Santarelli said that at the midpoint of DraftKings’ […]
Business
January 6, 2025
Denise Coates Gets Reduced Paycheck as Bet365 Recovers from Losses
Denise Coates, the United Kingdom’s highest-paid woman, is still earning millions in spite of a significant paycheck reduction. This comes as her main business, the betting operator bet365, continues to excel. Bet365 Reduced Its Executive Pay Significantly The bet365 owner earned roughly £150 million ($187.8 million) for the year ended March 31 despite the 45% […]
Business
January 6, 2025
Deutsche Bank Analyst Shares Favorable Projections for Caesars Digital
Caesars Entertainment might take action to reinforce its digital gaming business followed continued suboptimal growth, a Deutsche Bank analyst believes. He also projected a property EBITDAR decline of 2% despite a variety of opportunities within the land-based sector. The Company Is Likely to Bolster Its Digital Business In an investor note, Deutsche Bank analyst Carlo […]
Business
January 3, 2025
Codere Online in Peril amid Possible Lawsuit, Delisting
Codere Online is in peril amid various threats to its business. In addition to a possible class action lawsuit, a potential Nasdaq delisting seems to be inching closer. Codere Parted Ways with Its Auditor On December 27, Codere Online parted ways with its auditor Marcum. The latter was unable to complete the audit procedures Codere […]
Business
January 2, 2025
Mohegan INSPIRE Posts Inspiring Q3 Financials
The Mohegan INSPIRE Entertainment Resort in South Korea has disclosed its Q3 financials, revealing that business continues to gain traction. The new property, adjacent to the bustling Incheon International Airport, reflects the American company’s ambition to expand on a global level. Gaming and Visitation Continued to Grow As reported by Inside Asian Gaming, Mohegan INSPIRE […]
Business
January 2, 2025
DraftKings Shares Underperform amid Insider Selling
DraftKings Inc. had a tough December, with its shares falling 10.62% over the last month. This underperformance contrasts the broader market, with the Consumer Discretionary sector down just 0.11% and the S&P 500 Index up 0.4%. Retail investors are also unhappy due to 2024’s significant insider stock selling, which did not help DraftKinds’ shares. DraftKings […]
Business
December 31, 2024
Cordish Names Greg Hinton as VP of Finance for Live! Casino & Hotel Louisiana
Cordish Gaming Group, The Cordish Companies’ gaming arm, has designated Greg Hinton as the vice president of finance of its new property in Louisiana. In this position, the appointee will be responsible for managing the new property’s financial operations as the operator penetrates the Shreveport-Bossier market. Live! Casino & Hotel Louisiana Targets Q1 2025 Launch […]
Business
December 30, 2024
Allwyn Secures 51% Stake in Novibet Parent Company
Allwyn has secured a majority stake in Novibet’s parent company Logflex MT Holding Limited. The deal will expand the former company’s position as a leading lottery company and a rising iGaming star. Allwyn Continues to Grow Its Business As confirmed by Allwyn, the transaction will see it acquire a controlling 51% stake in Logflex. This […]