Business
November 2, 2020
Record Online Betting Triples Churchill Downs Q3 Profit
Churchill Downs Incorporated (CDI)‘s Q3 profit nearly tripled, thanks to an increase in online betting activity on its platform Twinspires. Net Profit Soars Thanks to Online Betting Growth Gambling operator CDI has reported a 10.3% year-on-year net revenue increase for the third quarter. The rescheduling of the Kentucky Derby boosted CDI’s online betting net profit […]
Business
November 2, 2020
Navajo Nation Considers Reopening Casinos at 50% Capacity
The Navajo Nation Gaming Enterprise (NNGE) asked today for the approval of the Navajo Nation Council to reopen four of its tribal casinos in New Mexico and Arizona. Bill Requests 4 Casinos To Operate at 50% Capacity The bill, submitted to the council on November 2, suggests allowing casinos and gaming properties to operate at […]
Business
November 2, 2020
32Red Prepares to Withdraw from Italy, Urges Transfer to Unibet
Kindred Group’s 32Red brand will exit Italy effective November 30, a new message sent to consumers revealed. Kindred has urged players to transfer to the brand’s sister website, Unibet.it. 32Red Bows out of Italy But Sister Brand Remains Despite choosing to withdraw the 32Red brand from the Italian market, Kindred Group is nowhere near giving […]
Business
November 2, 2020
GVC: Second Lockdown Will Have £34M Impact on Business
Sports betting and online gaming companies in the UK are bracing for a second impact from the national restrictions seeking to flatten the curve of new daily coronavirus cases. GVC Holdings, the owner of Ladbrokes high-street betting shops estimates the impact on the business from the second lockdown in England to be around £34million, in […]
Business
November 1, 2020
Casino Equipment Supplier GPI Victim to REvil’s Hacker Attack
A top supplier of casino equipment is the latest victim of a Russian hacker group known as REvil, according to a statement on the Dark Web. Pay or Have Your Data Exposed The hacker group REvil reportedly took control over the servers of Gaming Partners International, a leading provider of casino currency and table game […]
Business
November 1, 2020
Malta Gaming Authority CEO Heathcliff Farrugia Resigns
Malta Gaming Authority (MGA) CEO Heathcliff Farrugia and chief regulatory officer Karl Brincat Peplow turned in their resignations on Tuesday, the Maltese government confirmed. Farrugia and Brincat Peplow’s Possible Joint Venture Project Mr. Farrugia was appointed CEO of the MGA in 2018 replacing Joseph Cuschieri, who became CEO of Malta’s Financial Services Authorities. He initially […]
Business
October 31, 2020
FanDuel and Entercom Enter into Strategic Partnership Deal
Daily fantasy sports and betting operator FanDuel entered into a strategic partnership deal with Entercom Communications to become the official sports book partner of the media across its sports broadcast stations and fastest growing digital audio platform, Radio.com. Further Engagement for Bettors and Listeners Under the 6-year deal, odds, insights and promotions of FanDuel will […]
Business
October 31, 2020
LVCVA Reports Las Vegas Visitations Hit 1.7m in September
According to the latest report by the Las Vegas Convention and Visitors Authority, visitor numbers reached 1.7 million for September in Las Vegas. Although the results mark an increase when compared to August, a year-on-year comparison marks more than 50% decrease in visitor volume. Visitors in Las Vegas Increase in September Earlier this week, the […]
Business
October 30, 2020
INTRALOT Inc. and Georgia Lottery Extend Partnership to 2029
Lottery supplier INTRALOT Group announced Thursday that its US subsidiary INTRALOT Inc. has extended its partnership deal with the Georgia Lottery Corporation to 2029. INTRALOT provides the state lottery with advanced services for its COAM technology (Coin Operated Amusement Machines). The Georgia Lottery awarded INTRALOT Inc. with a contract for the Duluth-based subsidiary’s iGEM Central […]
Business
October 30, 2020
VICI Places $103M Deal for Strip Land on the Backburner
VICI Properties, the real estate investment trust spun off Caesars, decided not to pursue for now a previously announced deal for the purchase of 23 acres of undeveloped land parcels on the east side of the Las Vegas Strip. The $103.5 million deal was agreed as part of a $500 million combined deal with Eldorado […]