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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
Macau Concessionaires Unveil Bonuses for Employees
Several operators in Macau have unveiled special discretionary bonuses for most of their staff. As of the time of this writing, most of the concessionaires have announced similar bonuses, affecting thousands of workers. Wynn Thanked Its Employees for Their Incredible Contributions Among others, Wynn Macau unveiled a bonus equivalent to one month’s salary for the […]
Business
December 20, 2024
Playtech Investors Greenlight Disputed Executive Bonus Package
Late in November, we reported that Playtech investors are expected to vote on a €100 million ($109 million) executive remuneration proposal. The proposed bonus plan for key executives and new long-term incentive proposal followed the announcement about the sale of the company’s business-to-consumer (B2C) arm, Snaitech, to Flutter Entertainment in a £2.3 billion (approx. $3 […]
Business
December 20, 2024
FanDuel Reclaims Dominance in US iGaming for November
There are currently two betting and gaming companies in the United States that dominate the iGaming and sports betting vertical. That’s the case of DraftKings and FanDuel with each competing not only against other rivals but against each other. On the heels of a recently requested antitrust investigation into the duo, an expert analyst highlighted […]
Sports
December 18, 2024
Placing Sports Bets on Credit May Surprise Gamblers with Fees
Ahead of the NFL playoffs and the upcoming holidays, an independent agency in the United States responsible for consumer protection in the financial sector warned that the use of credit cards for sports betting may surprise some betting aficionados with unexpected fees. Increase in Cash Advance Fees The announcement came from the Consumer Financial Protection […]
Legal
December 17, 2024
Australian Operators Face Lawsuits for Dealing with International Fugitive
The Star Entertainment Group and Crown Resorts, two Australian casino and hospitality powerhouses, are facing lawsuits for their past dealings with Michael Gu, an international fugitive who was behind one of Australia’s biggest Ponzi schemes. Gu Defrauded Investors of Millions of Dollars Michael Gu, for context, described himself as a high-end property developer. As the […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Industry
December 17, 2024
New Jersey Gaming Recorded Its Strongest November in 11 Years
The New Jersey Division of Gaming Enforcement (DGE) published a report about the performance of the nine Atlantic City casinos in November. As it turns out, the local casinos have recorded growth after two months of declines. In the meantime, iGaming and sports betting continued to excel. The Casinos Were on the Rise In November, […]
Business
December 16, 2024
Jefferies Praises Gambling.com’s OddsJam Acquisition, Reiterates Buy Rating
Gambling.com, a fast-growing provider of digital marketing services to the global online gambling industry, recently announced its historic acquisition of B2C company OddsJam. The transaction has since received acclaim from business experts, including Jefferies Equity Research. Gambling.com’s Business to Surge, Analyst Believes Jefferies Equity Research analyst David Katz expressed confidence that the deal will benefit […]
