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Business
March 19, 2025
Bally’s Plans Casino with Ownership Perks for Bronx Locals
Bally’s Corporation, the leading hospitality and gaming company, is one of nearly a dozen gambling operators and coalitions looking into the possibility of securing a casino license in New York. While competition is fierce, only three licenses are up for grabs. Benefits for Bronx Residents Include Pledges to Community Programs, Investment Opportunities In an effort […]
Industry
March 14, 2025
New York Sports Betting Handle Stumbles in February amid Market Uncertainty
New York’s mobile sports betting handle dipped below the $2 billion threshold for the first time in six months, as February’s total bets amounted to $1.98 billion. The decline represented a 20.2% drop from January’s record $2.48 billion handle. However, the figure still represents an 11.2% year-on-year growth compared to February 2024. Revenues Followed a […]
Business
March 14, 2025
Cirsa IPO on Hold as Blackstone Reacts to Market Uncertainties
Late last month, we reported that the private equity firm, Blackstone, may consider introducing initial public offering (IPO) for Cirsa, the leading Spanish gambling company. Going public on Madrid’s stock exchange may raise between $746 million and $1.1 billion for 20% or 25% of its shares. However, while Cirsa was expected to go public at […]
Industry
March 13, 2025
Gambling Industry Leaders Address Rising Challenges and Emerging Opportunities
At the NEXT Summit New York 2025, gambling industry executives, legal experts, and visionaries gathered to discuss the new challenges and opportunities shaping the future of gaming and wagering. Regulatory scrutiny, responsible gambling initiatives, and economic volatility were among the most popular topics as panelists emphasized the importance of strategic flexibility in an evolving industry. […]
Industry
March 12, 2025
Visa, Mastercard Strengthen Monitoring After Gambling Probe
The names of two global payment giants popped up after an investigation into a number of gambling websites which offered their services across Europe without a license. News regarding the probe, which was conducted by Investigate Europe, emerged from The Guardian over the weekend. The probe sought to analyze the activities of gambling websites which […]
Business
March 11, 2025
Banijay Group Eyes 2025 Growth Despite French Tax Challenges
Banijay Group aims for continued growth in 2025 despite facing new regulatory challenges in France. In the firm’s 2024 earnings call, CEO François Riahi said he was confident in Banijay’s potential to leverage its success, highlighting robust performance in all core segments like content production, live events, and online sports betting and gaming. Banijay Enjoys […]
Industry
March 11, 2025
Macau: Analysts Expect Stable March, Stronger GGR in H2
Analysts are optimistic about Macau’s gross gaming revenue, estimating a strong beginning to the month of March. These figures aligned with earlier predictions, underscoring the region’s robust post-COVID recovery despite a slower-than-expected start to 2025. Macau GGR to Pick up Speed in H2 According to analysts from JP Morgan, an American multinational financial services firm, […]
Business
March 11, 2025
Alberta Bans US Slot and VLT Purchases Amid Trade Tensions
Last week, the government of Alberta, Canada, took a major step in response to the escalating trade tensions with the U.S. by banning the purchase of slot machines and video lottery terminals (VLTs) from American suppliers. This move, which could potentially cost major Las Vegas-based gaming manufacturers millions, was announced by the Alberta Gaming Liquor […]
Business
March 10, 2025
Bally’s Steps in with AU$250M Offer to Help Star Entertainment
Shortly after announcing an agreement to sell half of the shares of its recently opened Brisbane casino at Queens’ Wharf, Australia’s troubled casino and entertainment operator, Star Entertainment, announced it has received a cash injection proposal from Bally’s Corporation. Bally’s Corporation Proposes an Alternative Path That May Benefit The Star Late last month, the former […]
Business
March 7, 2025
Full House’s FY 2024 Report Shows the Company Is Bullish on Colorado
Full House Resorts, an American casino developer, has published its Q4 and FY 2024 results, highlighting a favorable financial position. The company’s leadership said it was pleased with the performance of both its permanent and temporary casinos. The Company Reported Favorable Metrics In the fourth quarter of the year, the company’s consolidated revenues increased 21.5% […]
