Business
November 6, 2020
Influencers to Help Casinos Recover from COVID-19 Pandemic
Influencer marketing is a present-day form of marketing and advertising which oftentimes involves testimonial advertising by organizations or individuals via social media channels. For the last 10 years, the popularity of this activity has increased hundreds of times and currently, the people conducting it are known as influencers. While some people might call this activity […]
Business
November 6, 2020
Wynn Resorts Reports $758.1 Million Loss in Q3, Focuses On iGaming Venture
On November 5, Wynn Resorts reported a net loss of $758.1 million in Q3, a 53.3% decline year-on-year. Despite huge falls in revenue at its two Macau resorts, positive trends have been emerging on the local market. Positive Trends Emerge in Macau High-end hotel and casino developer Wynn Resorts reported yesterday a $758.1 million loss […]
Business
November 6, 2020
Kindred’s Diversified Model Helped Shrug off Disruptions
Nasdaq Stockholm-traded gaming operator Kindred Group released an interim report today, informing investors about its third quarter and January-September financial performances, outlining it managed to shrug off the ongoing disruption in the industry for the third quarter due to its diversified model. Gross Winning Revenues Rise Kindred Group issued a trading update in October, ahead […]
Business
November 6, 2020
Century Casinos Posts Higher Q3, 2020 Results despite Pandemic
In the latest earnings call, Century Casinos has reported a strong recovery in the third quarter of 2020. Despite the record-high results, overall results are down year-over-year, and recovery may continue well into 2021. Third-Quarter Results Beat Year-over-Year Benchmarks Century Casinos, Inc. has revealed its financial results covering the third quarter, and the entire nine […]
Business
November 6, 2020
Golden Entertainment’s Third Quarter Business Recovering
Nasdaq-traded casino operator Golden Entertainment released Thursday its third quarter financial report, pointing out that the financial performance during the quarter at all of its properties quickly recovered from the coronavirus impact. Quarterly Revenues Down YoY Golden Entertainment posted 2020 third quarter revenues of $205.4 million, 15.6% down compared to the quarterly result for the […]
Business
November 5, 2020
Atlantic City: Twin River To Invest $90 Million Into Bally’s Atlantic City
Rhode Island-based casino operator Twin River Holdings, Inc. has committed to investing $90 million to upgrade Bally’s, Atlantic City’s worst-performing casino. Twin River Buys Iconic Bally’s Brand Bally’s Atlantic City was sold to Twin River last April at a discounted rate of $25 million. The opportunity arose as Caesars Entertainment and Eldorado Resorts were reducing […]
Business
November 5, 2020
Scientific Games Posted Third Quarter Net Loss of $111M
Gaming equipment and technology provider Scientific Games (SG) released Wednesday its results for the third quarter of 2020, noting its quarter financial performance was adversely impacted by the coronavirus disruptions within the casino industry. Casino Operation Disruptions and Debt Re-Measurement Scientific Games posted for the three months ended September 30 revenue of $698 million, 18.4% […]
Business
November 4, 2020
Mantalus Helps Sportsbet Migrate to AWS
After Sportsbet observed traffic spikes, the bookmaker decided to move its core betting application environment OpenBet to Amazon Web Services. The bookmaker worked together with Mantalus to complete the migration. Traffic Spikes Prompted Sportsbet to Migrate to AWS The Australian online bookmaker Sportsbet has announced that it worked closely with the cloud consulting company Mantalus […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Business
November 3, 2020
FanDuel Inks Strategic Partnership with Memphis Grizzlies
After inking a strategic partnership with the Memphis Grizzlies, FanDuel became an official sports betting partner and exclusive official daily fantasy partner of the NBA team. To celebrate the new partnership, FanDuel and the Grizzlies launched special promotions for Tennessee residents. FanDuel and Memphis Grizzlies Ink a Strategic Partnership Daily fantasy sports and betting operator […]