Business
August 17, 2020
Nevada Regulator Approves Stand-Alone Slots for Bars and Taverns
The Nevada gaming regulator approved stand-alone slots for bars and taverns in the state. Stand-Alone Slot Machines for Bars and Taverns Approved by the NGCB The Nevada Gaming Control Board (NGCB) has announced that bars and taverns can offer stand-alone slot machines. This applies for the gaming operators in the state which have 15 […]
Business
August 17, 2020
Saudi Arabia Boosts ETFs, Drops Shares in Boeing, Facebook, and Disney
The Public Investment Fund of Saudi Arabia continued to diversify its investment portfolio away from oil and fuel energy in Q2, 2020, the latest SEC filing has revealed. Saudi’s Public Investment Fund Continues to Diversify Portfolio Saudi Arabia’s investment arm, the sovereign wealth-fund, has begun thinning some of its investments in the world’s biggest companies. […]
Business
August 17, 2020
S&P 500 Boosted by Fiscal Stimulus in China
US markets rallied Monday after the decision from China’s central bank to introduce new stimulus measures. Investors considered the more accommodative monetary policy stance from China’s government, while keeping track of the continued virus risk in the US. Earlier, the People’s Bank of China injected 700 billion yuan ($101 billion) of extra liquidity into the […]
Business
August 17, 2020
Illinois July Gambling Revenues Down, Not as Bad as Expected
Casinos in Illinois had better than expectations first month after reopening, the Illinois Gaming Board monthly report shows. Despite being capped at 50% of their capacity, the 10 state’s casinos managed to rake in nearly three-quarters of what they achieved in July 2019. Back in June, Governor J.B.Pritzker gave a former go-ahead for gambling establishments […]
Business
August 17, 2020
Lotto NZ to Spend NZ$25m to Kickstart an Online Transition Push
The New Zealand national lottery will invest NZ$25 million into upgrading its website and app and provide consumers with a better remote gambling experience. NZ Sets out to Improve Online Lottery Website Operations The New Zealand’s national lottery has decided to extend its presence online, with a new MyLotto website and a dedicated mobile app, […]
Business
August 16, 2020
Navajo Nation Announces Phased Reopening Next Week
Arizona’s Navajo Nation is preparing to reopen at 25% operating capacity as early as next week, the tribal operator announced on Thursday. Navajo Nation Readies a Restart in Arizona After two months of forcible shut-down, the Navajo Nation is finally restarting business, the tribal operator said on Thursday. The phased reopening should begin at some […]
Business
August 15, 2020
Betway Cements Position in Spain, Advertisement Ban Hovers
Betting agency Betway has signed a third high-profile partnership in Spain over the course of two weeks with La Liga soccer franchise RC Celta de Vigo. The tie-up comes amid uncertainty about the advertising of betting products in the country. Betway Continues to Grow Presence in Spain Sports betting company Betway has minted a fresh partnership with RC […]
Business
August 15, 2020
DraftKings Continues US Market Sports Betting Expansion
Latest Q2 2020 report by DraftKings outlined revenue growth, despite the disrupted schedule of major sports leagues earlier this year. The company plans to enter the sports betting market of Virginia, Tennessee and Michigan. DraftKings Plans Further Expansion on the U.S. Market The latest report by the sports betting operator DraftKings outlined strong Q2 revenue […]
Business
August 14, 2020
Report: Chicago Casino Improves Odds with Tax Overhaul
A reduction of the tax rate for Chicago Casino from 72% to 40% makes the project more appealing for developers, says a recent report. Chicago Casino More Attractive for Developers Following Tax Reduction A report released earlier this week by the Union Gaming Analytics suggests that the lowered tax rates for Chicago Casino makes the […]
Business
August 14, 2020
US Casino Gambling Revenue in Second Quarter Crashes by 79% Report Says
With commercial casino gambling revenue declining 79% in the second quarter, the gaming industry in the USA has begun recovering, exploring new and innovative solutions and marketing opportunities to attract patrons back. Second Quarter Commercial Casino Revenue Slumps New data provided by the American Gaming Association (AGA) shows that casinos in the United States saw […]