Month: August 2023

British bookmaker 888 Holdings has reported a 165% growth in revenue for the first half of 2023, amounting to £882 million ($1.12 billion) and Adjusted EBITDA surged by an impressive 211%, reaching £155.6 million (about $198 million). Despite its impressive revenue growth, the group reported an after-tax loss of £33 million ($41.9 million) for the period compared
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The privatization of a chain of the state-owned casinos proposed by Pagcor’s Chairman and CEO Alejandro Tengco and approved by the Philippine President Ferdinand Marcos Jr is expected to raise PHP60 billion (US$1.06 billion) to PHP80 billion US$1.41 billion) for the country. According to reports, Tengco presented the price range in the House of Representatives
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BetConstruct has unveiled two solutions aimed at strengthening ties between the cryptocurrency and iGaming industries. The recently launched Multi-Wallet and Custom Token features are expected to create advancements in how players and partners interact within these sectors. The Multi-Wallet solution empowers users to effortlessly manage multiple wallets, encompassing cryptocurrencies and fiat currencies, for tasks like
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Seneca Nation President Rickey Armstrong Sr. provided the Seneca people with an update regarding ongoing negotiations with New York state concerning a new gaming compact. According to Armstrong, the progress in these negotiations has not been favorable. He criticized the recent proposals put forth by state negotiators, labeling them as “absurd and an insult to
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Sports betting legends Billy Baxter, Jack Franzi, Jackie Gaughan, Bob Martin, Roxy Roxborough, Scotty Schettler, Jimmy Vaccaro, Billy Walters, Charles McNeil and Frank “Lefty” Rosenthal were inducted into the Sports Gambling Hall of Fame at Circa Resort & Casino. Located in an enclave within the world’s largest sportsbook, the new space honors bookmakers and bettors who have notably transformed the
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SkyCity Entertainment, the operator of Adelaide Casino, recently announced that it has set aside a substantial sum of AU$45 million (USD 29M) to potentially cover a civil penalty resulting from an anti-money laundering case being heard in the Federal Court. These developments have sparked attention within the gambling and regulatory sectors. The legal issue stems
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