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Business
April 9, 2025
Macquarie Experts Warn of Macau Casino Market Shifts
Late in March, law enforcement in Macau raided a total of eight jewelry shops over suspicion of illegal currency exchange activities. The authorities suspected nearly a dozen people of moving massive sums of $74 million with the help of the jewelry shops that served as a front. Overall, several dozen people, suspected of being involved […]
Business
April 8, 2025
AC Casino Operators Report Dip In Revenue but Post Profits
The New Jersey Division of Gambling Enforcement (DGE), the state’s gambling regulator, released its latest financial data, highlighting the performance of casino operators for the fourth quarter and full year 2024. While licensees reported a dip in their net revenue for the year and a decrease in hotel occupancy, all operators were profitable. Net Revenue […]
Business
April 7, 2025
Star Entertainment Accepts Bally’s AU$300M Rescue Deal
Australia’s embattled casino operator, Star Entertainment Group, received a lifeline from Bally’s Corporation early last month. At the time, the latter company proposed AU$250 million ($158 million) to help the former and become a major shareholder. The announcement came after Star failed to disclose its six months results for the period ended December 31, 2024, […]
Industry
April 7, 2025
Gold Card to Replace Visa Program That Built Vegas Casinos
President Donald Trump has another immigration initiative on his table. Under the name “Gold Card,” the flashy, high-dollar program would be used to offer an alternative to the current green card system. “For $5 Million, This Could Be Yours” The big reveal was made aboard Air Force One. The former casino owner, who may get […]
Business
April 7, 2025
Gambling Stocks Slide as Trump Tariffs Rattle Global Markets
International gambling stocks took a tumble on Monday morning as escalating anxiety over the Trump administration’s aggressive tariff policy sent the markets into a tailspin. The economic uncertainty triggered by a new wave of trade measures ripped into multiple industries, with the gaming sector emerging as one of the unintended casualties. Tariffs Exacerbated Existing Issues […]
Business
April 7, 2025
Mark Giannantonio Envisions Bright Future for Atlantic City
The global market took a hit last week after President Donald Trump’s sweeping tariffs shook investor confidence, triggering a major sell-off and erasing trillions in wealth across U.S. markets. These tariffs, which will likely drive up the cost of nearly everything from consumer goods to raw materials, are also expected to impact operating costs for […]
Industry
April 2, 2025
Virginia’s Sports Wagering Sector Reports Robust February 2025 Performance
The Virginia sports betting market remained on the rise in February 2025, with users wagering a combined $556.8 million. While this sum marks a 2.2% year-on-year rise compared to the same period in 2024, it is also a 24.4% decline compared to January 2025. These figures, published by the Virginia Lottery on 1 April, demonstrate […]
Business
April 2, 2025
Sportradar Bullish on Annual Revenue of $1.8B for 2027
Sports data and tech firm Sportradar has disclosed its long-term financial targets, saying that it hopes to generate at least $1.84 billion in revenue for 2027. The company also targets continued EBITDA growth, hoping to retain its existing momentum. Sportradar Targets Significant Growth for the Next Three Years On April 1’s investor day, company executives […]
Business
April 2, 2025
Star Entertainment’s Search for Liquidity Continues as Salter Brothers Deal Falls Through
The Star Entertainment Group’s financial woes continue as its negotiations with Salter Brothers Capital fall through. The latter company had expressed interest in financing the Australian operator’s debt but has seemingly withdrawn the deal. The Deal Fell Through Just when things were beginning to look better for Australia’s embattled Star Entertainment Group, the company announced […]
Industry
April 1, 2025
Macau Retains Optimistic Outlook Amidst Diversification Efforts
Macau’s economy remains in a state of cautious growth as it closely balances the recovery of its gaming industry with broader restructuring efforts. Despite slightly underwhelming metrics, industry experts have drawn attention to several factors that could accelerate growth and improve Macau’s attractiveness as a tourist destination for visitors from China and abroad. Q1 Financials […]
