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Legal
November 25, 2024
Macau Legend to Dispute the Termination of Its Cape Verde Concession
Macau Legend Development Limited, an investment holding company that owns and operates gaming facilities in Macau and beyond, has disagreed with the Cape Verde government’s decision to terminate its concession. The holding plans to dispute the decision and is seeking legal advice. The Inaction Did Not Sit Well with the Government For context, the Cape […]
Industry
November 25, 2024
Playtech Eyes Happybet Sale, Reports Claim
Gaming specialist Playtech is reportedly mulling over a sale of its Happybet betting brand. The brand has struggled to gain traction, prompting the parent company to plan a discontinuation of its operation in Austria. Playtech Onboarded Oakvale Capital to Explore a Sale, Rumors Say Sources told gaming news outlet NEXT.io that a Happybet sale is […]
Business
November 22, 2024
Spreadex to Sell Sporting Index Due to Monopoly Concerns
The UK Competition and Markets Authority (CMA) has ordered Spreadex to divest itself of Sporting Index due to significant competition concerns in the licensed online sports spread betting market. This decision comes after an extensive investigation into the merger concluded that the deal stifled competition and risked negatively impacting consumers. A Consolidated Market Could Hurt […]
Business
November 22, 2024
Star Entertainment Confirms the Execution of $130M Debt Facility
Australian gaming and hospitality giant The Star Entertainment Group unveiled a new debt facility amid a challenging period for the company and continued regulatory scrutiny. The Debt Facility Will Help the Company Get Through the Struggles In a filing to the Australian Securities Exchange (ASX), the company announced that it has executed a commitment letter […]
Business
November 22, 2024
Wynn Shares Al Marjan Casino Update, Says Building Is 55% Complete
Wynn Resorts announced that the construction of its Al Marjan Island casino resort is progressing well, moving the company closer to realizing its UAE casino ambitions. The company hopes to complete the overall property by December 2025. The Construction Is Progressing Well According to Wynn’s announcement, 55% of the structural concrete is now complete. The […]
Sports
November 21, 2024
Analysts: Paul vs. Tyson to Bolster Sportsbooks’ Q4
Macquarie and JMP Securities analysts have highlighted the benefits of the recent boxing match between Jake Paul and Mike Tyson. While the game was unorthodox and controversial, its extraordinary nature was precisely what glued millions of sports enthusiasts to the screens. Analysts Forecast Strong Q4 for Sport Betting Thanks to the Fight The clash between […]
Industry
November 20, 2024
Catskill OTB to Shut Down After 48 Years Due to Financial Struggles
After nearly five decades of operation, Catskill Regional Off-Track Betting Corporation (OTB) will cease accepting wagers at the end of this month. The closure marks the culmination of an almost decade-long financial struggle, coupled with mismanagement and failure to adapt to New York’s rapidly shifting gambling landscape. The Company Faded into Irrelevancy Catskill OTB, which […]
Business
November 20, 2024
BC.Game Goes Bankrupt Not Long After $40M Deal with Leicester City
BC.Game, an online gambling operator famous for sponsoring Leicester City FC, could face potential trouble as its parent companies have been declared bankrupt. This announcement comes only four months after the agreement with the soccer club was signed. The Court of Curaçao Declared BC.Game’s Parents Bankrupt According to a report by casinonieuws.nl, the Court of […]
Industry
November 20, 2024
Sweepstakes Operator Legendz Hits the US, Launches in 43 States
Despite the pushback against sweepstakes in the US, major companies continue to eye the lucrative American market. The latest sweepstakes casino operator to join the fray is Legendz Social Casino & Sportsbook, which will offer its products in a whopping 43 states. Legendz Will Be Available to Millions of Americans As mentioned, Legendz’s products will […]
Business
November 19, 2024
Codere Online Faces Nasdaq Delisting, Appeals Decision
Codere Online Luxemburg is facing Nasdaq delisting because of a delayed form submission. The company has decided to appeal the motion, arguing that its delay is due to an ongoing audit of its 2023 financials. The Company Has Delayed Its Form 20-F for 2023 In its official release, Codere Online explained that, on November 12, […]
