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Business
April 15, 2025
Star Entertainment Publishes H1 FY25 Report as Challenges Continue
The Star Entertainment Group has published its financial report for the first half of the fiscal year (H1 FY25), highlighting its continued financial trouble. The company, which recently agreed to give control to Bally’s, hopes to turn the tables soon. The Company’s Revenue Declined In the first half of the year, The Star reported AUD […]
Business
April 15, 2025
Midnite Secures Millions of Dollars in Latest Funding Round
UK sportsbook and casino disruptor Midnite announced that it has raised a staggering $10 million in funding, bringing its total capital to over $35 million. Following the funding round, a member of one of its major investors was appointed as director. The Series B Funding Round Was a Success According to the announcement, Midnite’s Series […]
Business
April 11, 2025
Analysts Remain Bullish on Gambling Sector Resilience Despite Global Uncertainty
Despite the recent market tremors following President Trump’s dramatic tariff announcements, gambling industry experts remain broadly optimistic about the sector’s strength, citing historical recession resilience, consumer spending habits, and robust fundamentals as core strengths that should insulate operators from an economic fallout. Gambling Has Proven Historically Resilient While gaming stocks did not escape the downdraft […]
Business
April 11, 2025
Rank Group Posts Strong Q3 Report, Optimistic about FY 2024/25
Rank Group has published its financial results for the third quarter of the fiscal year, highlighting an increase in net gaming revenue. All of the group’s divisions experienced growth, cementing Q3 (the three-month period ended March 31, 2025) as a strong time for the company. The Company’s Metrics Increased Across the Board In the third […]
Business
April 11, 2025
Mohegan Takes New Refinancing Step, Issues $1.2BN Secured Notes
The owner, developer, and manager of premier entertainment resorts in the U.S. and Canada, Mohegan Tribal Gaming Authority, has taken a major step toward a more complex financial restructuring plan by issuing $1.2 billion in new secured notes. New Refinancing Efforts This move marks the beginning of a series of refinancing efforts that will include […]
Business
April 11, 2025
Publishers Clearing House Goes Bankrupt, Starts Digital Shift
Publishers Clearing House (PCH), the well-known sweepstakes company famous for its TV prize giveaways and big checks, has filed for Chapter 11 bankruptcy to change its business strategy. The Jericho, New York-based firm plans to move away from its old reliance on direct mail and catalog marketing to focus on digital ads and entertainment instead. […]
Industry
April 10, 2025
Portnoy Banked on Trump for a Stock Market Win
David Portnoy, the founder of Barstool Sports, is relieved that President Trump delivered the financial “victory” that the sports betting businessman was hoping for. Portnoy Says Trump Is Playing a “Hight-Stakes Game” David Portnoy has been an avid supporter of President Donald Trump, whose recent introduction of new tariffs has sent shockwaves across businesses in […]
Industry
April 10, 2025
Philippines Posts 2024 Industry Report, Highlights Record GGR
The Philippine Amusement and Gaming Corporation (PAGCOR) published information about the local gaming industry’s performance in 2024, outlining record-breaking gross gaming revenue for the period. Philippine Gaming Is Still Growing In its official release, the PAGCOR said that the Philippine gaming industry’s GGR for 2024 stood at PHP 372.33 billion ($6.5 million), marking a staggering […]
Business
April 10, 2025
Fertitta Doubles Down on Wynn Stake Amid New Trump Tariffs
In a move that now looks timed to perfection, billionaire Tilman Fertitta has quietly doubled down on his investment in Wynn Resorts (NASDAQ: WYNN), strengthening his position as the largest individual shareholder of the company. Ferttita Now Owns 13% of Wynn Resorts According to recent filings with the Securities and Exchange Commission (SEC), Fertitta, who […]
Business
April 10, 2025
Room Tax Revenue Expected to Decrease in Las Vegas
Amid the recently imposed tariffs by the United States that have the potential to spill into a global trade war, tourism across the country may be impacted. In particular, the recent tariffs imposed on Canada and Mexico, are raising concerns for the tourism industry in Las Vegas. Tariffs May Impact US GDP and Tourism The […]
