Business
January 5, 2021
MGM Says Proposal for Merger with Entain on Table
After Entain’s confirmation, MGM Resorts International has now acknowledged publicly that it has indeed pitched a proposal for a merger with Entain, looking to consolidate the companies’ footprint globally and in the United States. MGM Confirms Proposal for Merger with Entain MGM Resorts International has confirmed that it has made a proposal to merge […]
Business
January 4, 2021
Finnplay Promotes Sari Aitokallio to Managing Director Role
Finnplay Technologies announced its founder Martin Prantner decided to step aside from his role as managing director and the online casino technology and services provider will replace him with Sari Aitokallio. “I welcome the opportunity to lead Finnplay into this next exciting stage in its development as a world-class supplier to our industry.” Sari Aitokallio, […]
Business
January 4, 2021
Paddy Power Becomes ITV Racing’s Live Fixtures Title Sponsor
ITV Racing and Paddy Power signed a deal to make the sports betting brand the new sponsor of the media’s live racing coverage effective January 1, 2021, ITV announced. The partnership also covers ITV’s magazine program, The Opening Show. Last year, ITV Sport announced it would maintain its exclusivity regarding free-to-air broadcasting of horse racing […]
Business
January 4, 2021
SJM Employees to Receive Living Subsidy Payment on January 6
SJM Holdings Limited revealed that some of its employees will be receiving a living subsidy bonus. The bonus payments will be done in two equal installments this month and in July. Eligible SJM Employees to Receive Living Subsidy Bonus SJM Holdings Limited, which is the holding company of Sociedade de Jogos de Macau, S.A. (“SJM”) […]
Business
January 4, 2021
New Hampshire Lottery Integrates IWG iLottery Game
Instant Win Gaming (IWG) has announced that the New Hampshire Lottery will integrate the company’s online jackpot-enabled games. Another Win for Instant Win Gaming Instant Win Gaming (IWG) has announced that New Hampshire has officially decided to integrate the company’s online jackpot-enabled games into its Lottery. IWG is a leading supplier of online instant win […]
Business
January 4, 2021
Entain Confirms MGM Resorts Proposal Rumor, Says It Undervalues Its Prospects
Entain has received two proposals from MGM Resorts in a bid to buy out the company. The company has requested more details from MGM as to the rationale behind the proposals. MGM Resorts Bids for Entain Are a Fact, Says Company Entain has followed up on a Wall Street Journal’s article detailing a bid by […]
Business
January 4, 2021
MGM Resorts Attempting to Buy Entain, Says WSJ
MGM Resorts has reportedly made an offer for Entain’s business that includes a substantial stock component, after the company previously rebuffed a $10 billion all-cash bid, Wall Street Journal has reported. Entain Reportedly in Acquisition Talks with MGM Resorts MGM Resorts is looking to buy out Ladbrokes owner Entain, the company which recently rebranded from […]
Business
January 3, 2021
Rich Goldman Commences Junket Operations in the Philippines
Rich Goldman Holdings announced in a filing to the Hong Kong Exchanges and Clearing (HKEX) December 30, 2020, it signed a profit share agreement with the joint venture partner to commence junket business at Solaire Resort & Casino in Manila. Junket Operations Cleared to Commence The signed profit share agreement between the former Macau junket […]
Business
January 3, 2021
Century Entertainment Reduces Debt via Capital Reorganization
Bermuda-based gaming investor Century Entertainment International Holdings announced in a filing to the Hong Kong Exchanges and Clearing (HKEX) and the Stock Exchange of Hong Kong (SEHK) December 30, 2020 a capital reorganization plan. 4-Step Capital Reorganization The Board of Century Entertainment proposed the company’s shareholders to approve a capital reorganization plan which consists of […]
Business
January 3, 2021
Louisiana Loses Millions in Gambling Tax, Will Sports Betting Help?
The COVID-19 pandemic impacted multiple U.S. industries last year. Besides temporary closures, the pandemic led to a significant decrease in gambling tax revenue in Louisiana. The Pandemic Significantly Impacted Multiple Industries The global COVID-19 pandemic made 2020 a difficult year for businesses across the globe. The U.S. was one of the countries that has felt […]