Casino
May 8, 2020
Penn National Q1 Revenue Impacted by Closures, iGaming Gathering Pace
Penn National Gaming issued its first quarter financial results, painting a clear picture of how the health crisis that started in mid-March, due to the wide implementation of the social distancing measures across the states, had taken the wind out of its sails revenue-wise. The Pennsylvania-based gaming operator with strong presence across all gambling verticals […]
Casino
May 8, 2020
Swedish Gambling Market Takes Another Hit – Two Online Brands Closed by ComeOn Group
ComeOn Group has announced the shutdown of two brands for the Swedish market. Cherrycasino.com and Sveacasino.com will close on May 18. ComeOn Group Shutdowns Two Brands The online casino industry in Sweden continues to undergo a period of rapid change. This time, ComeOn Group is shutting down two brands to reflect the group’s pursuit of […]
Casino
May 8, 2020
Hard Rock’s Latest Hellinikon Appeal Rejected
The saga around the Hellinikon Casino project at Athens’ defunct airport continues and might be over now that hospitality group Hard Rock International has been handed down another denial to the group’s appeal contesting the decision of Greece’s gaming regulator which has awarded rival Mohegan Gaming & Entertainment with the rights to develop the project. […]
Casino
May 7, 2020
Stadtcasino Reports 2019 Revenue Growth, Online Vertical Looks Promising
Stadcasino Baden Group reported 16.2% growth year-on-year, to CHF 75.3 million, including CHF 7.6 million extra generated from its launch of online gambling operations in 2019. Jackpot.ch, the company’s online brand, was the first to launch online gaming in Switzerland when it went live in July last year. Casinos in Baden and Davos The growth […]
Casino
May 7, 2020
Wynn Resorts Revenues Materially Impacted by Casino Closures
Wynn Resorts issued today its first quarter financial results, posting 42.3% drop in operating revenues, due to the closure of its properties, in February in Macau, and from mid-March in the USA. Revenue Impact Material First quarter revenue for the company fell to $953.7 million, from $1.65 billion for Q1 2019, nearly $700 million less, […]
Casino
May 7, 2020
William Hill Offers Drive Through Locations for Deposits and Sign-Ups
William Hill has announced drive-through locations for sports betting deposits and sign- ups as well as their new promotion “Watch the Fights on Us”. Deposits and Signs Ups Available with Drive Through On May 6, William Hill US revealed four drive-through locations for a safe and comfortable signing-up and sports betting deposits. William Hill’s clients […]
Casino
May 7, 2020
NZ and AU: Kiwis Gamble Less, Aussies More Report Says
New Zealand is showing positive results as no excessive gambling is observed despite the country-wide lockdown. Will Australians keep the saved $1.5 billion during the lockdown or spend it all on online gambling? There is No Increase in Gambling in New Zealand Since the Lockdown The New Zealand government’s Health Promotion Agency and research company […]
Casino
May 6, 2020
Warn Notice for Furloughed MGM Employees, Layoffs Inevitable
MGM Resorts reportedly sent a notice to its furloughed employees Tuesday, warning them that some of them may not be re-employed within the next 6 months, and some will be laid off. The gaming and hospitality operator encouraged its workers to search for an alternative job as the uncertainty prevailing at the moment cannot allow […]
Casino
May 5, 2020
Casinos in the US Reveal Re-Opening Plans, Island Resort on May 6
After close to two months of lockdown, casinos across the United States are looking to restart their operations and return back to business, notwithstanding any new social distancing and health safety rules that would need to be observed. While Macau has been able to re-open fairly quickly after a two-week shut-down in February, not everyone […]
Casino
May 5, 2020
Station Casinos Prepare to Re-open, Will Layoffs Occur?
Getting closer to the day when the lockdown will be lifted, Station Casinos will take a cautionary approach to return back to business. Station Casinos Will Re-open Without an Action Plan Station Casinos’ operations in Las Vegas, Nevada will not be in a hurry to re-open all of their venues. The properties that are expected […]