BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to surpass earlier projections. This news comes as the company aggressively ramps up its marketing strategies to compete in a fiercely competitive sports betting market. Financial performance and market challenges: In a detailed financial update,
Casino News
Boyd Gaming Corporation has unveiled an exciting plan to reinvest in Southern Nevada with the construction of a brand-new casino, Cadence Crossing, at the site of their current Jokers Wild location in Henderson. This announcement was made during the company’s quarterly earnings call with investors, highlighting their commitment to expanding their presence in the region. Project
Online sports betting interest in the Olympic Games is expected to hit an all-time high this year, largely driven by the dominance of U.S. basketball and soccer teams. This surge in betting activity comes as more states have legalized sports betting, increasing accessibility for millions of Americans. John Ewing, a spokesperson for BetMGM Sportsbook, anticipates
The General Commercial Gaming Regulatory Authority (GCGRA) of the United Arab Emirates has awarded the first official lottery license, a significant move in the nation’s commercial gaming sector. This development was announced on July 28, 2024, establishing The Game LLC as the inaugural licensed operator under the UAE Lottery brand. This milestone is part of
Blueprint Gaming invites players to embark on an interdimensional quest for riches with the release of Rick and Morty Strike Back, an exhilarating slot game based on the popular Adult Swim science fiction sitcom. This new addition to their gaming lineup not only pays homage to the beloved animated series but also introduces players to a
After 37 years of intermittent construction, North Korea’s Ryugyong Hotel remains incomplete. However, new plans could change its fate dramatically. Authorities are now offering the rights to operate a casino within the 105-floor hotel, contingent on an investor completing the building’s interior, according to a recent report by Radio Free Asia. Historical challenges and current opportunity: Inside
International Game Technology PLC and Everi Holdings Inc., two prominent players in the gaming industry, have been acquired by a new holding company under Apollo Global Management, Inc. This all-cash transaction, valued at about $6.3 billion, brings both businesses under the umbrella of Apollo’s managed funds in a move that significantly reshapes the gaming landscape. Details of
Play’n GO has introduced its newest addition to the beloved Rise of Olympus series, titled Rise of Olympus Origins. Released on July 25, 2024, this game is poised to captivate both new players and fans of the series with its enriched features and dynamic gameplay. Set in a sporty animated universe, this online slot game
In a recent regulatory session, Penn Entertainment came under fire from Nevada gaming regulators for persistent compliance issues across its operations. The Nevada Gaming Commission reviewed these problems during what was meant to be a routine proceeding concerning Penn’s ongoing public offerings. Located in Nevada, Penn Entertainment operates the M Resort Spa Casino in Henderson
Based on the given and freely available data, online gambling has been on the rise for the past ten or so years, changing the way people enjoy games or luck or skill. The virtual gambling sector caters to all, starting with live-like virtual slots and moving up to strategic like internet poker. So, for beginners
SEGA SAMMY HOLDINGS INC., the renowned Japanese entertainment conglomerate, has officially announced its acquisition of Stakelogic B.V., a dynamic Dutch game developer known for its popular online slot games and live casino technology. The acquisition, conducted through SEGA SAMMY’s subsidiary SEGA SAMMY CREATION INC., involves an upfront payment of €130MM and additional earnout payments dependent on specific performance
In a significant development for the Dutch gaming landscape, BetComply, renowned for its regulatory and technical compliance expertise in iGaming, has successfully partnered with iCasino to secure a coveted Dutch license. This collaboration marks the official launch of the HardRockCasino.nl brand in the Netherlands, which began operations at the start of July under a brand license agreement. This
EveryMatrix’s flagship casino product, CasinoEngine, has achieved a remarkable milestone, surpassing 6 billion monthly game rounds and exceeding €6 billion in monthly turnover. This significant achievement comes just months after the platform reached 4 billion game rounds and €4 billion in turnover, underscoring an accelerated pace of growth within the competitive iGaming industry. Accelerated growth and market
Bally’s Corporation, the famous global gambling and entertainment conglomerate, has announced that the company is set to be acquired by its largest shareholder, Standard General, for $975 million. The New York-based hedge fund, which currently holds about 25% of Bally’s shares, proposed a buyout at $18.25 per share. This valuation marks a substantial increase over
Eilers & Krejcik Gaming (EKG), supported by data from Fantini Research, has released a new report detailing the performance of online sports betting and gambling operators in the United States for the first quarter of 2024. The report includes data from 28 casinos across six states, representing approximately 64% of the U.S. iGaming market. This
In a decisive move to address fiscal challenges, Nebraska could see an item on the November ballot to legalize online sports betting following Governor Jim Pillen’s announcement. The governor highlighted the significant untapped revenue currently lost to neighboring states due to unregulated online gambling. “Online sports betting is real and it’s happening in the state,” Governor Pillen stated. “Whoever
The Gambling Commission has initiated what is projected to be the world’s most expansive gambling survey, setting a new standard for comprehending gambling behaviors in Britain. This groundbreaking survey, involving a collaboration between the National Centre for Social Research and the University of Glasgow, has released its inaugural annual report. Detailed findings and expanded scope: The first UKGC annual report
ComeOn Group, a leading Tier 1 operator, has announced a new partnership with Highlight Games, a supplier specializing in video virtuals and Instant Win games focused on sports betting experiences. This collaboration introduces SOCCERBET to ComeOn’s sportsbook, a virtual sports product featuring iconic football leagues like English Football, LaLiga, Ligue 1, and Serie A. This initiative will
The Philippine Bureau of Immigration (BI) has mandated a significant exodus for approximately 20,000 foreign workers linked to Philippine Offshore Gaming Operators (POGOs) and Internet Gaming Licensees (IGLs). This directive follows a government order that these workers depart the country by September 24, reflecting a rigorous stance against the problematic sectors. Government’s firm stance against illegal operations:
Relax Gaming, a prominent name in the iGaming industry, has launched its latest slot game, Atlantis Crush. This new addition invites players to embark on an underwater quest in search of hidden treasures within the mythical city of Atlantis. The game combines innovative mechanics with captivating graphics, promising a thrilling adventure for all types of players. A fresh take