Galaxy Entertainment Group (GEG) posted an 11% year-on-year increase in net revenue, totaling HK$10.7 billion (US$1.38 billion), although results showed a 2% dip from the previous quarter. Despite a resilient revenue performance, the company reported a decline in its quarterly earnings before interest, taxes, depreciation, and amortization (EBITDA), primarily due to “unlucky” gaming outcomes. For
Industry
Zoox, a subsidiary of Amazon, announced on Monday that its self-driving robotaxis are now being tested on the Las Vegas Strip. For the time being, the only riders they’ll be transporting are company employees “The Strip is one of the most highly trafficked areas in Las Vegas,” Zoox noted. ”It is full of complex driving scenarios,
Sports betting giant DraftKings has opened a new $500 million credit facility, expected to give the company easy access to more and cheaper liquidity should it require the money in the next few years. The new $500 million revolving credit facility, taken out this week with a syndicate led by Morgan Stanley, replaces a $125 million
A few days ago, the Executive Power of Paraguay submitted a new bill to the Chamber of Deputies which modifies and extends the Gaming Law 1016/1997. The document bears the signatures of President Santiago Peña and the Minister of Economy, Carlos Fernández Valdovinos. While some points of the initiative of the National Government had already
International iGaming-holding PIN-UP Global is participating in the SiGMA Europe 2024 conference, being held from November 11 – 14 in Malta. “This event provides an excellent opportunity to strengthen its position in the international market and increase brand awareness among key players and customers,” according to the company. As per the announcement, PIN-UP’s main objective is to establish
As France faces economic challenges and growing fiscal demands, the government is seriously weighing a measure to legalize online casinos, a potential shift that could see these digital gaming platforms introduced by 2025. Initially presented as part of a budgetary proposal by the Ministry of Economy and Finance, but later withdrawn amid pressure from land-based casinos,
Lui Che Woo, the influential Hong Kong tycoon behind Galaxy Entertainment Group, has passed away at the age of 95. His death was confirmed by the company he founded and chaired, which paid tribute to his legacy in a statement: “His vision, tremendous leadership and guidance were the foundations for the group’s development and continued success.”
The Muscogee Nation has commenced construction on the Coweta Casino Hotel in Oklahoma, a $100 million development expected to significantly boost the local economy and create hundreds of jobs. Located at the southeast corner of 131st Street and Oklahoma 51, the 104,000-square-foot facility is projected to open in spring 2026. The new complex will feature
The long-awaited Wind Creek Chicago Southland casino opened its doors on Monday morning, drawing hundreds of eager visitors. The 75,000-square-foot property, featuring a range of slot machines, table games, and restaurants, welcomed patrons from the local area and beyond. Many were excited to see the development finally come to life after years of anticipation, with
Plans for a sprawling, multi-use destination on the north end of the Las Vegas Strip, complete with a luxury resort, retail spaces, a casino, a convention center, and a potential NBA-ready arena, have been unveiled by developers ahead of a public consultation. If approved, the 27-acre project would transform the former Wet ‘n’ Wild waterpark
Brazilian President Luiz Inácio Lula da Silva (PT) said he was in favor of banning sports betting on cards. The statement was made during an interview with senators Jorge Kajuru (PSB-GO) and Leila Barros (PDT-DF) on the PodK Liberados program, aired on Sunday, November 10. The subject was brought up by Kajuru, who raised the
The SiGMA Europe B2B Awards, sponsored by BetConstruct and hosted by Trudy Kerr and Mark Borg, took place on Monday with a gala ceremony that celebrated excellence across the global gaming industry. The ceremony was a particularly special one, as it marks the company’s official 10-year celebration. The anniversary saw a special commemorative cake brought
Australian gambling company Aristocrat Leisure announced it will sell its Plarium mobile game developer to Stockholm-listed Modern Times for up to $820 million as it shifts focus towards real-money gaming markets. The deal is expected to close in the first quarter of 2025 and consists of a fixed consideration of $620 million and a contingent
The Kansspelautoriteit (KSA), the Dutch Gaming Authority, has reprimanded three providers for incidents involving sponsorships. The companies were found in violation of new rules regarding sponsorship that went into effect in July, which include the prohibition of sponsoring television programs and events. Under the regulatory update, only sports sponsorships are permitted at the time, until July
Paytech solutions provider OKTO has announced the launch of digital wallet solution OKTO.WALLET for Replatz’s players in Italy. By integrating OKTO.WALLET, Replatz enhances its payment options, allowing users a new secure way to deposit and withdraw funds in cash from their online accounts. With robust security features and seamless integration, the solution enables Replatz customers to deposit
California’s Chicken Ranch Casino Resort officially opened its doors on Sunday, following a ribbon-cutting ceremony held at noon. The opening day also featured a variety of celebratory events, including music and giveaways. “We are really excited to finally have this (facility) for our tribe and our community. The grand opening, with the carnival inside our
During the latest edition of SBC Summit Latinoamerica, Yogonet held an exclusive interview with Alejandro Vélez, General Manager of VirtualSoft and an integral part of the group formed by DoradoBet‘s operations, whose growth in the region has been significant in recent years. During the talk, Velez highlighted the expansion of the group’s operations in Peru, the importance
The Balkan Entertainment & Gaming Expo (BEGE) will bring together leading companies, innovators, and industry representatives on November 27 – 28 for its 15th-anniversary edition. In celebration of this milestone, the organizers have prepared numerous surprises and special awards. BEGE will feature a rich program, uniting industry leaders, investors, and entrepreneurs to share ideas, technologies,
Stake’s Latam General Manager (GM) Diana Margarita Otalora has been crowned Leader of the Year at the 2024 SBC Latinoamerica Awards, held on October 31 in Miami. According to the operator, the award win was the “perfect way” to mark the first anniversary of Stake’s operation in Colombia, which was the company’s first step in
Fontainebleau F1 experience is offering guests the opportunity to enjoy race week like a VIP with the Aston Martin Million Dollar Package. The pinnacle of luxury, this package puts guests in the driver’s seat to curate their own Race Week adventure while giving them the chance to take home their very own Aston Martin Vanquish,