Business
June 29, 2020
Golden Nugget Online Gaming Goes Public Through SPAC Acquisition
Golden Nugget Online Gaming, the online division of the famous casinos owned by Tilman Fertitta, is about to go public, to become only the second online casino operator to be traded on a US exchange. SPAC Acquisition Paves the Way to Nasdaq Landcadia Holdings II, Inc, a special purpose acquisition company (SPAC) owned by Tilman […]
Business
June 28, 2020
Gaming REITs Stock Undervalued, Offering Potential for Investors
Casino companies selling their gaming properties to real estate investment trusts (REITs) and then leasing them back was an event happening relatively often since the beginning of 2020, and especially during the period of casino closures when operators were struggling for short-term cash to cover their burn rates. It featured heavily into the Eldorado Resorts […]
Business
June 28, 2020
GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers
In a bid to weather what has been an unending crisis, Macau’s junket operators could resort to shuttering their gaming rooms and laying off employees en masse. Macau’s Junket Operators Face Layoffs and VIP Gaming Rooms Suspensions Macau’s entire business model was first disrupted when COVID-19 hit back in February, forcing a two-week closure. With […]
Business
June 27, 2020
ABSG: First Progress Report and Year Two Recommendations
The Advisory Board for Safer Gambling (ABSG) issued Thursday its first progress report, urging stakeholders to speed up progress towards achieving the goals. The independent advisory body was set up to support the National Strategy to Reduce Gambling Harms initiative by the Gambling Commission, a 3-year plan for cross-industry collaborative approach implementation. Towards a Safer […]
Business
June 24, 2020
Betway Uses AML to Delay Paying Out Player Winnings
Excessive losses may not be the only issue addicted gamblers are facing while dealing with unscrupulous operators, a story followed by The Guardian shows. In the country where the gambling market is one of the most regulated ones and the regulator is dishing hefty financial sanctions, it turns out cashing out on winnings may not […]
Business
June 24, 2020
Evolution Gaming Offers £1.68bn NetEnt Buyout, Executives Agree
A new B2B online casino giant may soon be born with Evolution Gaming making an offer to acquire 90% of NetEnt’s shares for estimated £1.68 billion. NetEnt’s board of directors has recommended shareholders to accept the move. NetEnt Feels Confident to Accept Evolution Gaming’s Offer Leading live dealer supplier Evolution Gaming Group AB has extended […]
Business
June 21, 2020
CGA: Ontario Casinos Ready to Re-Open, Bingo Halls to Follow-Up
Casinos and bingo halls in Ontario are seeking permission to re-open earlier, after a report emerged claiming representatives of the casino industry association appeared before the Finance and Economic Affairs Committee on Friday, during the briefing day for the tourism and hospitality industry impacted by the temporary closures. Casinos Up and Ready As each sector […]
Business
June 21, 2020
Illinois Casino Operators Hope to Restart Business on June 26
Casino operators in Illinois may be allowed to reopen on June 26. This date marks the state’s Phase 4 of the reopening plan for businesses. Similar to other states, operators will have to follow social distancing and health and safety protocols. Illinois Gaming Board Says Casinos May Reopen on June 26 The gambling and gaming […]
Business
June 21, 2020
Penn National Reopened 70% of Its Casinos, Tropicana Las Vegas Remains Closed
More than 70% of the properties by Penn National have already reopened. Penn’s CEO says that the achievement is an “important milestone”. Some 70% of All Penn National Gaming Properties Now Welcome Visitors The US largest regional casino operator, Penn National Gaming, has announced that more than 70% of its venues are now reopened. The […]
Business
June 20, 2020
Irish Betting Shops Open and Close Amid Industry Confusion
Bookmakers in Ireland were surprised to understand they were not included in the list of non-essential businesses to re-open during phase two of the government’s Coronavirus national plan. On Monday June 15, around 800 betting shops in the country opened doors, only to close down again less than 24 hours later, being instructed they were […]