Wynn Resorts has agreed to a $70 million settlement in a class-action lawsuit filed by shareholders, who accused the company of failing to disclose sexual misconduct allegations against its former CEO, Steve Wynn. The shareholders claim the company’s stock value plummeted after the misconduct allegations came to light in 2018. The settlement resolves claims brought
Industry
MGM Resorts has officially filed its application for a casino license in the United Arab Emirates (UAE), seeking to become the second major operator to enter the region’s burgeoning gaming industry. The move was confirmed by Bill Hornbuckle, CEO of MGM Resorts, during his keynote at the Skift Global Forum in New York on September
iGaming platforms developer and operator Golden Matrix Group has announced the debut of its subsidiary Expanse Studios’ first-ever social casino game, Beach Penalties, marking the developer’s entry into the fast-growing social gaming market. Beach Penalties, a dynamic instant game, offers players the thrill of a soccer penalty shootout set against a sunny beach backdrop, the
Global gaming provider Zitro has launched its Mega Lounge concept at the Trilenium Casino in Argentina, in partnership with Boldt Group. The gaming concept, which Zitro says has generated “great anticipation in the market,” is set to offer players of the Buenos Aires province casino with a “unique communal experience.” In a dedicated area of
Las Vegas Sands announced Tuesday that it will be a presenting partner sponsor of the 2024 Clinton Global Initiative (CGI) meeting on Sept. 23-24 in New York City. The company’s support of the global leadership event seeks to reaffirm its commitment to addressing economic empowerment, diversity, hardship relief and climate change, Sands said in a statement.
iGaming content supplier Pragmatic Play has launched High Flyer, the latest addition to its crash games portfolio, boasting wins of up to 1,000,000x the player’s bet. With two bet spots available, each featuring autoplay and auto cashout, players place their bets before the plane takes off alongside a rapidly increasing multiplier, which can end at
iGaming content provider Play’n GO has announced the launch of Divine Divas, a new 5×5 grid slot set in the world of Greek mythology. According to Play’n GO, the game offers players a chance to build mythological masterpieces with the help of three powerful Goddesses: Athena, Hera, and Aphrodite. “Step into a realm where Greek mythology
Brazil’s Finance Minister Fernando Haddad has announced new regulatory measures aimed at combating a “pandemic” of gambling addiction in the country. The measures, which will come into effect from October 1, will block betting operators who have not been authorized to operate in Brazil and introduce stricter controls on advertising, sponsorship, and the use of
South Korea’s Paradise Group announced the official opening of its newly expanded VIP-exclusive venue at Paradise Casino Walkerhill in Gwangjin-gu, Seoul. Held on September 14th, the opening marks the casino’s first expansion in nine years, increasing its size by 17%. Since its opening in 1968, Paradise Casino Walkerhill has been instrumental in driving VIP sales in
Michigan’s commercial and tribal operators reported a total of $224.02 million in combined internet gaming (iGaming) and sports betting gross receipts for August, marking a 1.4% increase from the previous month. This figure includes $196.66 million from iGaming and $27.36 million from sports betting. In July, the gross receipts stood at $191.44 million for iGaming
Mobile games developer Playtika has entered into a definitive agreement to acquire SuperPlay, a mobile gaming company based in Tel Aviv, Israel. The purchase price is for $700 million, with additional contingent consideration of up to $1.25 billion, subject to achieving certain financial targets over three years. According to the developer, the transaction is expected
A new study by Frontier Economics has revealed that £4.3 billion ($5.7 billion) is staked annually on black market gambling in the UK, with 1.5 million Brits engaged in the illicit activity. The report, commissioned by the Betting and Gaming Council (BGC), highlights the growing threat posed by unregulated gambling operators, both online and through
Regulatory developments are a major focus in iGaming, with concerns about tighter restrictions driving grey market growth. Online gaming solutions provider SOFTSWISS believes its expertise can support lawmakers in drafting responsible legislation that includes input from player associations, operators, and technology companies to ensure a balanced approach. SOFTSWISS is set to participate in the SBC
EGT Digital is set to participate in the SBC Summit 2024, taking place from September 24 to 26 at Feira Internacional De Lisboa. The company will showcase its latest gaming innovations, including the Burning Hot Instant game and upgrades to its X-Nave platform, which offers enhanced sports betting, CRM, and payment solutions. With the event
iGaming solutions provider EGT Digital is set to showcase its advanced gaming solutions at this year’s SBC Summit, scheduled from September 24-26 in Lisbon. The company’s stand, A100, is expected to draw attention from operators, players, and industry experts. Tsvetomira Drumeva, Head of Sales at EGT Digital, said: “Our stand will be one of the
Gaming technology giant Novomatic said it will be bringing “a bold, street-smart approach” to this year’s G2E in Las Vegas, at booth #1259, showcasing its expansion into the VGT market and solidifying its position “as a premier provider of high-performing, highly entertaining casino and VGT products.” Novomatic’s Alexander Merwald emphasized: “As the new CEO of
SBC has revealed the shortlists for the 2024 edition of the SBC Awards Latinoamérica, which will take place as part of the upcoming SBC Summit Latinoamérica this October. A staple of SBC events, the awards ceremony will spotlight the accomplishments of industry leaders, as well as global and regional operators, affiliates, and suppliers across key industry sectors including
French lottery giant La Française des Jeux (FDJ) announced that it has brought forward the Kindred acquisition’s closing date to October 2nd, after having obtained all necessary regulatory approvals from the French Competition Authority to complete the transaction. Following the €2.45 billion ($2.72 billion) deal’s close, FDJ will become the second-largest European gambling operator by revenue
Gaming & Technology Expo (GAT Events) opens today the show floor for the GAT Showcase trade fair in Santo Domingo, which began yesterday with a comprehensive academic program and a welcome reception at the Renaissance Jaragua Hotel & Casino in the Dominican capital. The event will conclude on Thursday, the 19th. The organizers have emphasized
Alpha Affiliates is set to participate in the SBC Summit Lisbon, slated to take place from September 24th to 26th. “This premier event, renowned for bringing together top professionals and innovators in sports betting and iGaming, provides an ideal platform for Alpha Affiliates to showcase its vision and expertise, setting the pace for industry advancements,”