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Business
November 5, 2024
Wynn Resorts Remains Optimistic on UAE Expansion Despite Underwhelming Q3 Results
Despite an unimpressive third-quarter earnings report, Wynn Resorts is doubling down on its ambitious expansion into the UAE, specifically through its landmark Wynn Al Marjan Island project in Ras Al Khaimah. CEO Craig Billings was optimistic about the UAE project, set to launch in 2027, as the operator expects it to usher in a new […]
Legal
November 5, 2024
High-Profile Fugitives Laundered Millions of Dollars at LVS Properties
Years ago, fraudsters stole some $4.5 billion from Malaysia Development Berhad, an insolvent Malaysian strategic development company. An investigator in Singapore now believes that some of the money has been siphoned to Las Vegas Sands properties via a shell company. The Largest Kleptocracy Case to Date Described as one of the world’s greatest financial scandals […]
Slots
November 5, 2024
Reflex Gaming and Yggdrasil Release Big Game Fishing TopHit
Yggdrasil’s YGG Masters partner Reflex Gaming has released its latest title, Big Game Fishing TopHit, a game featuring one of the industry’s most beloved themes and interesting features for a fun-packed experience. The game joins the impressive roster of games released by the duo in the last years, including Secret of Anubis DoubleMax, Fast Fruits […]
Casino
November 5, 2024
MetaWin Hit by $4M Cyber Heist, Most Funds Recovered
On November 3, 2024, online casino MetaWin suffered a major attack that emptied $4 million from its hot wallets. This event, which took advantage of the platform’s quick withdrawal system, has brought back worries about how safe digital money platforms are in the growing crypto-gambling world. Hacker Exploits Vulnerabilities in MetaWin’s Hot Wallets, Prompting Immediate […]
Poker
November 4, 2024
GGPoker Could Make High Stakes Game Invite Only
No official confirmation has come that GGPoker may soon move to an invitation-only model for its high-stakes games involving blinds of $25/$50, but there is some evidence to suggest that the change may already be afoot. If true, the move is interesting, as it suggests that GGPoker does not want to open its games to […]
Industry
November 1, 2024
Gambling Industry Rebukes Lancet Report, Suspecting Political Motives
A recent report by The Lancet, one of the world’s highest-impact academic journals, has drawn heavy criticism from within the gambling industry as stakeholders describe the analysis as one-sided and politically motivated. The report, published last week, warns of the public health risks associated with gambling, urging for stricter regulatory safeguards. The Study May Be […]
Business
November 1, 2024
Bingo Blitz Adds to the Holiday Magic with Christmas-Themed Collaborations
With Halloween out of the way, Bingo Blitz, a fan-favorite free-to-play bingo operator, is already preparing for the winter holidays. As Christmas approaches, the company announced its plan to leverage its partnership with Hallmark Channel to provide visitors to the latter company’s upcoming cruise with exciting games. The company also themed with famed actress Drew […]
Business
November 1, 2024
RSI Posts Strong Q3 Report, Boosts FY Guidance
Leading gaming and betting operator Rush Street Interactive (RSI), published its financials for the quarter ended September 30, outlining a vast increase in revenue and income. Because of the strong performance, Rush Street Interactive updated its guidance to reflect its current forecasts. RSI Posts Strong Metrics Across the Board Rush Street Interactive reported $232.1 million […]
Business
October 31, 2024
MGM Posts Record Q3 Metrics, Reports Share-Buyback Progress
MGM Resorts International posted its Q3 report, outlining record-breaking revenue figures. The quarter also saw MGM make progress with its share buyback program. The Company’s Metrics Surged In the third quarter of the year, the international casino and hospitality powerhouse reported record-breaking results, underpinned by high hotel occupancy. Consolidated net revenues hit $4.2 billion, marking […]
Industry
October 31, 2024
Isle of Man Regulator Responds to UN’s Laxity Accusations
Isle of Man’s Gambling Supervision Commission (GSC) has responded to a UN report that accused it of relaxed licensing practices. While the report suggested that the commission has allowed Asian criminals to exploit the licensing system for cyber fraud, the GSC said that its team remains vigilant. The GSC Refuted the Laxity Claims Mark […]
