Business
July 6, 2021
Atari Bids Farewell to Crypto Gambling Biz, Hospitality Segment’s Future Unclear
Following a difficult year for Atari, the company is once again at the drawing board, dropping its cryptocurrency casino website and hospitality business for the sake of premium gaming. Premium Gaming to Take Front Seat in Atari’s Strategy Atari’s announcement in 2020 that it would launch a crypto casino looked like a drowning man grasping for […]
Business
July 6, 2021
Racial Equity Enters the Sports Gambling Discussion in Massachusetts
As Massachusetts lawmakers still try to figure out how and when to introduce a legal sports gambling market, a new legislative initiative is underway to expand how the market works. Two bills have been filed – one in the House and one in the Senate – that would create better racial equity, allowing more commercial […]
Business
July 6, 2021
Cambodia’s Casinos Take a Hit as Country Locks Down Its Borders
Donaco’s Star Vegas Resort & Club and NagaCorp’s Naga World in Cambodia could be facing a new round of losses. The country has been forced, once again, to close its borders with Thailand and Vietnam, thanks to the resiliency of COVID-19. The coronavirus continues to threaten the country, as well as others, with the Delta […]
Business
July 5, 2021
Nevada: Business on the Rise, COVID-19 Cases Increase
Nevada has gradually lifted COVID-related restrictions. This led to an increase in business volumes and gambling venues have even recorded higher revenue this May when compared to May 2019. However, with business picking up, recently, COVID-19 cases have increased, as well. Nevada on the Way to Economic Recovery Last month, a report released by UNLV’s […]
Business
July 5, 2021
Genius Sports Granted West Virginia Sports Betting License
Sports betting data and media group Genius Sports announced last week it received a permanent sports wagering license from the state regulator in West Virginia. Permanent Sports Wagering Permit Following the decision from the West Virginia Lottery Commission, Genius Sports, which stands at the vanguard of the wagering industry in the US while state regulators […]
Business
July 5, 2021
Tabcorp Denies Bidders, Creates Two Separate Business Entities
Australian gambling company Tabcorp Holdings announced today it is not going to sell its media and gaming businesses and instead, will undertake a demerger to split the business into two separate entities. Strategic Review Complete The announcement marks the end of the strategic review undertaken by Tabcorp on March 29, 2021, in an attempt to […]
Business
July 2, 2021
DraftKings, FanDuel Continue Connecticut Operations via Provisional Licenses
After Connecticut expanded gambling via a new bill which came into effect on Thursday this week, concerns were raised about how FanDuel and DraftKings may continue their fantasy sports operations. The Department of Consumer Protection issued provisional licenses for the two operators as well as the Connecticut Lottery Corporation, allowing them to continue operating in […]
Business
July 2, 2021
Kindred Group Acquires Outstanding Shares at Relax Gaming
Kindred Group announced today it signed an agreement to buy the outstanding shares of online gaming supplier and third-party aggregator Relax Gaming. Payments Spread over 3 Years Kindred will pay initial cash consideration of €80 million ($95 million), out of a total value of €295 million ($350 million) for the outstanding 66.6% of shares, upon […]
Business
July 2, 2021
Attorneys Tell Virginia Skill Games Operators to Hold off on Pulling the Plug
Many skill games operators in Virginia had their hands on the power cord, ready to yank the machines out and throw them in the dumpster. Lawmakers approved a controversial measure that brought an end to the one-year trial of the slot machine cousins, but now lawyers are telling operators to hold on. Several legal battles […]
Business
July 2, 2021
Donaco International Finds Last-Minute Resolution to Cover Outstanding Debt
When Donaco International Ltd. picked up $100 million from Mega Bank in 2015 to finance its casino expansion plans, it didn’t expect that, right around the corner, was waiting a series of problems that would make it nearly impossible to keep up with the loan’s repayment scheme. Since then, the Australian-listed operator, which is behind […]