Business
November 3, 2022
MGM Posts Q3 Results, Enjoys 26% Revenue Growth to $3.4bn
The global hospitality and entertainment company, MGM Resorts International, released its latest results, outlining the performance for the third quarter of 2022. MGM Resorts Revenue Soars in Q3 On Wednesday, the company unveiled its unaudited results, acknowledging that it has seen strong growth in the three months ended September 30, 2022. Total net revenues in […]
Business
November 3, 2022
Sega Sammy Holdings Sales Soar Despite Profit Downturn
Sega Sammy Holdings, the prominent Japanese gaming giant which builds products for the video gaming and land-based gambling industry, has reported its latest financial results. The company has focused on the six months that ended on September 30, 2022. During the period, the company saw a 19.9% decrease in profit to JPY9.62 billion ($65.3 million). […]
Business
November 3, 2022
NorthStar Gaming Strikes New Partnership with NBA
Canadian sports betting operator NorthStar Gaming has signed an agreement with the National Basketball Association (NBA) and is being listed as an Authorized Gaming Operator by the league. Canada’s NorthStar Gaming Becomes One of NBA’s Authorized Gaming Operators NorthStar Gaming is partnering with NBA in a new agreement that will see the Ontario-based sports betting […]
Business
November 3, 2022
Despite Net Loss Widening, RSI Continues to Improve Revenue
Rush Street Interactive has reported its third-quarter results for the period ending on September 30, 2022. The company, which focuses on sports betting and online casino products in the United States and the Americas, has had much to be happy about, the report noted, although some subdued performance still persisted. Net Loss Nothing to Worry […]
Business
November 2, 2022
Melco’s Q3 Report Signals 46% Drop in Revenue
Toward the end of October, Melco Resorts & Entertainment announced it was getting ready to recruit 1,000 employees to fill in the new positions for its new Mediterranean project in Cyprus. Now, the company has made its unaudited third-quarter earnings for 2022 public, signaling a 46% decrease in total operating revenue. Strict Traveling & Covid-19 […]
Business
November 2, 2022
CDI Finalizes P2E Acquisition in a $2.75bn Deal
Churchill Downs’ parent company, Churchill Downs Incorporated (CDI), announced Tuesday the completion of the acquisition of Peninsula Pacific Entertainment (P2E). CDI Acquires Multiple P2E Land-Based Assets Completing the acquisition of P2E comes after CDI received the necessary approvals from the New York State Gaming Commission, the Virginia Racing Commission and the Iowa Racing and Gaming […]
Business
November 2, 2022
Caesars Reports Strong Q3 2022 Results, Flamingo Sale Off
Caesars Entertainment reported its third-quarter results on Monday, encompassing the three-month period that ended on September 30, 2022. The company saw sustained improvement across the board with GAAP net revenues hitting $2.9 billion compared to $2.7 billion over the same period from a year before. GAAP net income also improved for the company and stood […]
Business
November 1, 2022
UK Universities to Benefit from New GAMSTOP Initiative
The UK national online self-exclusion scheme, GAMSTOP, announced a new initiative that seeks to help students affected by gambling harm. The Gambling Support University Tour Will Help Students in the UK GAMSTOP unveiled Tuesday that it joined forces with RecoverMe, a mobile health application that helps people affected by gambling addiction as well as the […]
Business
November 1, 2022
TRLEI Will Delay Announcement of Q3 Results for Okada Manila
The operator of the Okada Manila Casino Resort, Tiger Resort, Leisure and Entertainment Inc (TRLEI), is delaying the official announcement of its financial results for the period from July to September 2022 due to the violent takeover of the property by the group led by Japanese billionaire and founder of the resort Kazuo Okada in […]
Business
November 1, 2022
Low6 Creates a New Pick’em Game for Sacramento Kings
Low6, an award-winning company that focuses on deploying powerful gamification solutions across sports, is now teaming up with the Sacramento Kings, to produce the “Call The Shot” predictive wagering game. The game is presented by Red Hawk Resort and Casino and is part of a broader push to use the Pick’em game format to introduce […]
