Business News and Headlines
Business
August 29, 2020
Las Vegas Gambling Revenue, Hotel Occupancy Plummet in July
The latest report by the Las Vegas Convention and Visitors Authority reveals the number of visitors and gambling revenue for July in Las Vegas. Despite that results have improved from June, overall a decrease is observed. Zero Conventions for Four Months in Las Vegas Earlier this week, the latest report by the Las Vegas Convention […]
Business
August 28, 2020
New Trading Team Cements IGT PlaySports Market Position
UK-based gaming technology producer International Game Technology (IGT) is expanding its offering for the US sports betting market by building its own full-service Trading Team, the company announced today. The addition will be based in Las Vegas and will add another dimension to IGT’s PlaySports sports betting solution. Focus on Customer Service The Trading Team […]
Business
August 28, 2020
theScore Teams up with Twin River to Launch Online Casino in NJ
The Canadian digital media company theScore signed a multi-year partnership with Twin River securing access to New Jersey’s online gaming market. theScore plans to launch its online casino in the Garden State in the second half of next year. The Multi-Year Partnership between theScore and Twin River Yesterday, August 27, theScore and Twin River Worldwide […]
Business
August 27, 2020
Betfred Seeks to Acquire Cash-Stricken Operator Phumelela
Betfred appears to be the frontrunner candidate to purchase Phumelela after the UK-based gambling company offered to pay between ZAR875 million (£39.6 m) and ZAR925 million (£41.9m) for the assets of the struggling South African horse racing operator. The offer from Betfred, which have acquired in March the UK client database of MoPlay due to […]
Business
August 27, 2020
Nevada Casinos Continue to Recover, July Win Down Only 26.2%
The Nevada Gaming Control Board (NGCB) released its monthly report for July showing gaming in the state continued to improve compared to June, but still fell short of the levels achieved in July 2019. Commercial casinos in the state had been closed down for 78 days to support state and federal efforts to contain the […]
Business
August 25, 2020
Sporttrade Teams up with Twin River to Launch Sports Betting in NJ
The casino operator Twin River signed a multi-year partnership with the sports betting startup Sporttrade. Under the partnership, Sporttrade will be able to launch sports betting in New Jersey once Twin River completes the acquisition of Bally’s Atlantic City Hotel and Casino. Multi-Year Partnership between Twin River and Sporttrade The Philadelphia-based sports betting startup Sporttrade […]
Business
August 25, 2020
Amelco Signs Partnership Deal with Continent 8 Technologies
Software developer for the financial services and sports betting industries Amelco announced it entered into a strategic partnership deal with data centre provider Continent 8 Technologies, in a move that will solidify the US presence of the software solutions company. Amelco is currently operating in 4 US jurisdictions, New Jersey, Indiana, Tennessee and Colorado, and […]
Business
August 25, 2020
VSiN-BetMGM Partnership to Expand Betting Coverage
VSiN is bringing more broadcasting talent to expand its programming scope, debut new shows, and provide more quality sports betting content and analyses to US sports fans. Vegas Stats and Information Network Grows Media Team VSiN, the Las Vegas sports media network, is expanding its reach with bringing more broadcasting talent to increase the programming […]
Business
August 25, 2020
Young Guests Can Be Las Vegas’ Salvation, Says Josh Swissman
Younger generations will have a beneficial effect on business in Las Vegas, says Josh Swissman, a consulting agency expert. However, whether younger players stick around is another matter. Las Vegas to Bet on Younger Generations to Ride Pandemic In a recent article for the Las Vegas Review Journal, Josh Swissman from consulting agency The Strategy […]
Business
August 24, 2020
Mass Layoffs in Nevada Continue, Some Properties Face Permanent Closure
Casinos and other hospitality businesses in Las Vegas continue to lay off people due to the adverse effect from the coronavirus spread, with the latest being Casino Royale. According to a notice which became public Friday, effective August 10 the casino operator is permanently laying off 98 employees. Immediate Layoff Announcement The notice that was […]