Business
February 24, 2022
Apollo Global Strengthens As It Completes Las Vegas Sands Purchase
The Venetian and Palazzo casino resorts, as well as the former Sands Expo and Convention Center, have a new owner. Apollo Global Management and Las Vegas Sands (LVS) announced Wednesday that they have completed the sale of the iconic Las Vegas Strip properties. Changing of the Vegas Guard In separate statements, Apollo and LVS stated […]
Business
February 24, 2022
Aristocrat Makes Executive Changes to Strengthen its Industry Position
Aristocrat Leisure has always been a leading name in the gaming industry but is working to do more. The slot machine manufacturer and online games developer has made a couple of executive shifts that it hopes will fulfill that mission. Executive Appointments Come to Aristocrat Trevor Croker, Aristocrat’s CEO, announced at the company’s annual general […]
Business
February 23, 2022
Bally’s Creates Environmental, Social and Governance Committee
Bally’s Corporation released a strategy update, outlining that it established an official committee that will oversee the company’s environmental, social and governance (ESG) strategy. The company also said that Robeson Reeves will be serving as the chair of the new ESG committee. Bally’s Selects Robeson Reeves as its ESG’s Committee Chair Bally’s Corporation, the leading […]
Business
February 23, 2022
Flutter Announced Board of Directors and Committees Changes
Global gambling group Flutter Entertainment revealed in a regulatory release today certain changes to the Board of Directors and Committees effective the Annual General Meeting (AGM) on April 28, 2022. ‘Exceptional Contribution to the Board’ London Stock Exchange (LSE)-listed Flutter Entertainment announced that long-time serving director Michael Cawley would not be running for re-election at […]
Business
February 23, 2022
Esports Entertainment Reports First Revenue Decline in Over a Year
The full-service online gaming and esports company that specializes in the full spectrum of betting and gambling at all levels Esports Entertainment Group (EEG) made its financial results for the fiscal 2022 second quarter available to the public. The period that ended December 31 reflects a plethora of different challenges that the group could not […]
Business
February 23, 2022
Catena Finishes 2021 With $14.40M in Operating Losses
Catena Media Plc, the record-breaking Stockholm-listed online lead generation company with a retention rate higher than 5 million monthly users, has published its full-year results for 2021. At a quick glance, Catena’s earning performance suffered a blow because of the European sports media assets that the partner-focused company purchased in recent months. Catena Is Determined […]
Business
February 23, 2022
Tabcorp and Lottoland Awarded Dual Keno Licenses in Australia
Australian gambling company Tabcorp and Lottoland, the national online lottery operator, have been awarded 20-year licenses by the Victoria State Government to offer keno games in the jurisdiction. Lottoland Australia and Tabcorp may launch keno products starting on April 15 with the expiration date set for April 2042. Retail and Online Keno Products Both Coming […]
Business
February 23, 2022
RSI Teams up with Penn National for Ohio, Maryland, and Missouri Access
Rush Street Interactive (RSI) is expanding its access and presence in different gaming markets across the United States through a new partnership with Penn National Gaming. As a result, the company has secured market access to Ohio, Maryland, and Missouri, where it will be able to launch its iGaming platform, namely through the BetRivers product. […]
Business
February 23, 2022
Caesars Entertainment Records Over $9B in Revenue for 2021
2021 was a great year for Caesars Entertainment. The casino operator generated a personal-best $9.6 billion in revenue last year, setting it up for an even better 2022. Despite the strong results, the company still plans on unloading a property on the Las Vegas Strip. Fourth Quarter Gives Caesars Strong Finish Caesars’ fourth-quarter revenue of […]
Business
February 22, 2022
Bally’s Special Committee Retained Macquarie as Financial Advisor
Omnichannel gaming and entertainment company Bally’s Corporation announced in a press release today the special committee decided to retain the services of current financial and legal advisors in consideration of the acquisition proposal of Standard General. Evaluating the Proposal The special committee of independent and disinterested directors Bally’s Corporation formed to evaluate the bid tabled […]