Month: November 2023

Sportsbook and casino platform provider Digitain announced Thursday that it has signed a sportsbook agreement with gaming operator LeBull.pt as they launch in the Portuguese market.   Vardges Vardanyan, Founder of Digitain, commented on the agreement: “Portugal is a growing regulated market, and we are delighted to work with the management of LeBull. We share the same
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The annual SiGMA Europe gaming exhibition drew over 20,000 participants from 100 countries this month, providing a platform for industry players to connect and share insights. For iGaming software and business solutions supplier Slotegrator, the event was “truly inspirational,” with the team now ready to share its insights. The event facilitated a comprehensive reflection on the year,
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Jeremy Hunt, the British politician serving as the chancellor of the Exchequer, said the government will soon consult on bringing remote gambling under one tax, as opposed to the three-tax structure currently in place. The announcement was made during the Autumn Statement, which is a government document featuring economic forecasts and tax spending proposals. Hunt
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Casino operator Genting Malaysia’s net profit surged to MYR158.3 million ($33.8 million) in the third quarter ended Sept 30, 2023. The figure represents a notable reversal for the company, bouncing back from an MYR8.2 million ($1.75 million) loss recorded in the same period last year. Revenue surged 19% to MYR2.71 billion (US$579 million) during the
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Indiana’s gambling industry continues to witness a persistent downward trend in revenue, with October marking the eighth consecutive month of year-over-year drops for the state’s 12 casinos. While the overall financial outlook remains subdued, a contrasting surge in sports betting activity was observed last month, with handle increasing by 6.3% from September 2023 to nearly
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Hospitality staff unions in Las Vegas announced on Wednesday that employees at Wynn Resorts have voted in favor of a new five-year contract, following similar moves by competitors Caesars Entertainment and MGM Resorts International. Representing approximately 5,000 workers at Wynn Resorts properties, the unions disclosed that an overwhelming 99% of members supported the newly negotiated
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Ladbrokes’ parent company Entain faces intensifying investor unrest as two additional US-based activist hedge funds, Sachem Head Capital Management and Dendur Capital, voice concerns over the gambling group’s languishing share price and the ability of CEO Jette Nygaard-Andersen to revive the FTSE 100 company’s performance. This move follows the footsteps of Eminence Capital, another Wall Street activist
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Italian gaming and betting operator SKS365 is launching a corporate forest of 1,000 trees to promote environmental sustainability and support rural communities in different parts of the globe. The initiative is the first the company is promoting as part of its PlanetGreen365 corporate sustainability program. The new project is part of the company’s ESG agenda. The
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