Gambling Sites

Fiona Simmons's latest articles

Fiona Simmons

Journalist

Although Fiona doesn't have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at GamblingNews.com is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.

Industry December 5, 2020
Stefan Lundborg Resigns From Kindred Due To Insider Crime Investigation
Stefan Lundborg is leaving his position as а non-executive director at Kindred Group after he became a subject of investigation for insider crime launched by the Swedish Economic Crime Authority (SECA) Stefan Lundborg is Subject to Investigation for Inside Crime by SECA Kindred Group has informed the public in a press release about the resignation […]
Industry December 4, 2020
MGM Resorts and MGM Growth Properties Announce Redemption of $700 Million Partnership Units
MGM Resorts had $700 million as part of its agreement with MGP to exchange $1.4 billion of the MGP Operating Partnership units owned by MGM Resorts for cash by February 2022. MGM Resorts Left with 53% Stake in MGM Growth Properties On Wednesday, MGM Resorts announced it has reduced its ownership stake in its real […]
Industry December 3, 2020
Atlantic City’s Rating by Moody’s Remains at Ba3, Outlook Shifts to Positive
Moody’s has put on hold the issuer’s rating of Atlantic City due to the unstable economic situation, increased governance and social risk, as well as income inequality. Despite the ongoing challenges, its outlook has been improved due to the city’s casino property taxes programme, the growth in online gambling and the city’s continued efforts for […]
Industry December 2, 2020
Investors Expect Gambling Industry to Rise
Gambling operators are expected to gain momentum in the next months and in the long term with an increasing number of traders buying stocks or investing in thematic ETFs. Stock Markets Hit Record Lows in March In March, the world’s stock markets recorded all-time lows as Covid-19 started to spread rapidly outside of China and […]
Industry December 1, 2020
Paola Menachem Joins Maxima Compliance As Director Of Regulatory And Licensing
Paola Menachem has a proven history as gaming counsel in leading industry providers, such as Omilia, the Zeal Group, Smithfield Partners, and Intralot. As a leader of the regulatory and licensing team, Menachem will help the company facilitate its customers when entering new markets or maintaining already existing ones. Maxima Compliance Fills a Number of […]
Industry November 30, 2020
Penn National Gaming Generates Strong $1.13 Billion Revenue
The company posted high third-quarter results, despite the ongoing social constraints and closures. Moving to cashless technologies in brick-and-mortar casinos, as well as the creation of a new growth channel are some of the highlights. The entertainment industry has been one of the most affected by Covid-19, which forced the shutdown of physical locations and […]
Industry November 29, 2020
Camelot Shows Resilience Amid Covid-19 Crisis
Camelot UK Lotteries, the licensed operator of The National Lottery, recovered its ticket sales for the first six months of the 2020/21 financial year ended on 26 September 2020 following the slump at the beginning of the global health crisis. Camelot reported £3.89 billion in sales, which represents only a 1.7% decrease compared to the […]
Industry November 28, 2020
Genting Malaysia Announces MYR726.3 Million Net Loss in Q32020 Due to Covid-19
The Group’s operating performance in 3Q20 was on the path of recovery due to the resume of activity, but the operator still felt the impact of the complete shutdown in March and the ongoing strict measures to limit the spread of the virus. Total Revenue in 3Q2020 Halved In 3Q2020, Genting Malaysia Berhad managed to […]
Industry November 27, 2020
Rush Street Interactive Revenue Surges by 370% in Q3
One of the fastest-growing online casino and sports betting gaming companies in the United States reported an incredible rise in profit in July-September 2020 and increased its outlook for the financial year ending in December 2020 by 20%. Revenue, Ebitda, and Real Money Users on the Rise Chicago-based Rush Street Interactive, experienced in developing, supplying, […]
Industry November 27, 2020
Cirsa Reports Losses Due to Covid-19 Impact
Despite the unprecedented situation and multiple operating restrictions, Cirsa has proven the stability of its business model and has taken immediate steps to adapt its activity to the new environment. Despite the loss in revenue in 3Q2020, the company has started to recover rapidly and has even achieved pre-Covid results in some areas. Net Operating […]