Online gaming marketing services provider Gambling.com Group has reported an 18% revenue increase to a record $30.5 million for the second quarter of the year. Net income during the three-month period rose to $6.6 million, while Adjusted EBITDA increased 19% to $11.2 million. The company also raised its guidance for full-year revenue and Adjusted EBITDA. Charles
Industry
Foxwoods Resort Casino has reported $31.2 million in slot revenue for the month of July. This figure has resulted in an $8 million direct payment to the State of Connecticut in accordance with the Mashantucket Pequot Tribal Nation’s revenue contribution agreement. Since 1993, the Mashantucket Pequot Tribal Nation has directly deposited over $4.6 billion of
The Cosmopolitan of Las Vegas The Boulevard Experience, a multiple-day watch party atop the Boulevard Pool during the Formula 1 Heineken Silver Las Vegas Grand Prix 2024, set to be held November 21-23. New for this year’s race, the three-day experience will be held at The Cosmopolitan’s transformed Boulevard Pool, highlighted by a closed-circuit viewing
Four more companies have submitted their application to the Ministry of Finance’s Betting Management System (SIGAP) to operate sports betting and online gaming in Brazil. They are Betfair, 7games.bet, Novibet and HiperBet (belonging to HiperCap). With them, there are now 17 bookmakers that have applied for a federal license. In addition to the companies mentioned above, Betano, Superbet, Rei
The Nevada Gaming Control Board has filed a disciplinary complaint against Resorts World Las Vegas, alleging that the casino engaged in significant regulatory breaches. The complaint, submitted Thursday, accuses the casino of having allowed individuals with connections to illegal bookmaking, histories of gambling-related felony convictions, and ties to organized crime to gamble on its premises.
WarHorse Casino in Omaha has resumed operations after a brief closure caused by a cooling system malfunction. The casino, which first opened its doors on August 6, temporarily shut its doors on Thursday after its water-based cooling system was damaged during ongoing construction. WarHorse Gaming announced the reopening early Friday morning, stating that the issue
The temporary Bally’s Chicago opened its new VIP Lounge for high rollers with a ribbon-cutting ceremony on Monday. Amenities include private space away from the Medinah Temple gambling floor, complimentary food, non-alcoholic beverages, comfortable seating, and televisions showing sports and entertainment programming. The new space is located on the third level and opens daily for
Two of Arkansas’s three casinos are fighting over a proposal to expand online gaming, according to an Arkansas Democrat-Gazette report. The new gambling vertical would help funnel money to college athletes. Saracen Casino Resort in Pine Bluff aims to create an online game similar to a raffle that would send some money to collegiate athletic
The Netherlands gambling authority, the Kansspelautoriteit (KSA), has warned 13 online gambling providers against obstructing and delaying payouts to its customers. According to the KSA’s announcement, a study of online gambling license holders revealed that 13 operators placed illegal conditions on their payout processes. Nine of those operators have been informed to remove these conditions
MGM Resorts International and Latin America media giant Grupo Globo have announced the formation of a new venture to seek a sports betting and iGaming license in Brazil. If the license is approved later this year, the new venture will launch in Brazil in early 2025 under the BetMGM brand. According to the companies, the new
Lawrence Ho, Chairman and CEO of Melco Resorts and Entertainment, has downplayed concerns surrounding a recent crackdown on currency exchange practices in Macau, stating that the gaming industry has seen a strong start to the second half of the year. Speaking during the company’s Q2 earnings call, Ho described the currency exchange issue as a
A federal judge is expected to consolidate several lawsuits this week involving former MGM Resorts International employees who claim they were wrongfully terminated for refusing the company’s COVID-19 vaccine mandate. The lawsuits, filed between December 2022 and July 2024 in the U.S. District Court of Nevada, allege that MGM dismissed workers who declined the vaccine on religious grounds,
The Ultimate Fighting Championship (UFC) will return to Macau for the first time in a decade, with a fight night scheduled for November 23, 2024, at the Galaxy Arena, a newly opened cultural and entertainment venue by Galaxy Macau. This marks the Mixed Martial Arts (MMA) organization’s fourth event in the special administrative region of China,
iGaming software solutions provider SOFTSWISS is expanding its Tournament Tool within the Game Aggregator to include non-cash prizes. iGaming brands using the tool can now offer rewards such as free spins, luxury cars, trips, mobile devices, and branded merchandise. The Tournament Tool has led to a 22% increase in average daily bets per user, with more than 20
AI is playing an increasingly important role in the gambling industry, having turned from a “nice-to-have” to a must-have. Companies failing to leverage its capabilities risk being left behind, missing out on artificial intelligence’s potential to automate and optimize processes. And in the context of a sector so reliant on innovation such as iGaming, where
The founders of FanDuel are ramping up their legal battle to reclaim equity they allege was unfairly stripped away during the company’s 2018 sale to Paddy Power Betfair, now known as Flutter Entertainment. The dispute, which involves claims of undervaluation and breaches of fiduciary duty, has been revived in a New York court with an
Missouri voters will have the chance to decide whether to legalize sports betting in the state this November. Secretary of State Jay Ashcroft confirmed on Tuesday that a constitutional amendment to allow and tax betting on major sporting events has been certified for the November 5 ballot. The campaign behind the amendment, called “Winning for Missouri
Rank Group has reported growth in both revenue and profits for the fiscal year that ended June 30, 2024. During the period, the company saw a 9% increase in like-for-like (LFL) Net Gaming Revenue (NGR), reaching £734.4 million ($943 million). This growth was observed across all segments of the business, including a 9% rise in revenue
The commercial US gaming industry increased by 8.9% reaching $17.63 billion in Q2, according to the American Gaming Association’s Commercial Gaming Revenue Tracker. Q2 was the 14th consecutive quarter of year-over-year growth and it is the highest-grossing Q2 revenue performance on record. Quarterly revenue from land-based gaming – including casino slots, table games, and retail sports
Melco Resorts and Entertainment has reported a 22% increase in operating revenue for the second quarter of 2024, reaching $1.16 billion compared to the same period last year. The casino operator also saw a rise in adjusted property EBITDA, which climbed to nearly $303 million, up from $267 million in the previous year. Operating income