Business
October 28, 2022
Real Luck Rejects Arviv’s Merger Proposals
After announcing it became the official sponsor for Thunder Awaken as Team Battles in TI11 last week, Real Luck Group has now explained why it rejected a couple of merger proposals from Kaos Capital’s founder and chief executive officer Adam Arviv. The group called Arviv’s proposals “contradictory and opportunistic,” questioning whether he had been acting […]
Business
October 28, 2022
Red Rock Resorts Publishes Q3 Results
Red Rock Resorts, the NASDAQ-listed holding company that manages Station Casinos LLC and owns an indirect equity interest in it, has published its Q3 results. The company has reported an “effectively flat” revenue on a year-on-year basis compared to Q3 2021. It also signaled a 19% rise in new income and a 1.4$ drop in […]
Business
October 7, 2022
ESPN and DraftKings May Seal a Historical Deal
At the end of August, ESPN announced that it was interested in joining the sports betting market by selling its brand to sportsbook operators like Caesars Entertainment and DraftKings. The speculated license price was $3 billion, according to a media report based on sources that were not named. Now, Walt Disney Co.’s ESPN seems to […]
Casino
October 6, 2022
Tilman Fertitta Files Plan for $270M Hotel & Casino on the Strip
In June, American billionaire, businessman, TV personality, and owner of Golden Nugget and Landry Tilman Fertitta purchased 6.2 acres on the Las Vegas Strip after several failed attempts to obtain the land. Rumors regarding Fertitta’s plans to build a state-of-the-art casino resort on the land immediately started circulating. Now, Fertitta has officially confirmed the rumors […]
Business
October 4, 2022
AGA: Gaming CEOs Are “Cautiously Optimistic” about the Future
The American Gaming Association (AGA), the United States gaming industry association, teamed up with the leading market analyst Fitch Ratings to release a new edition of its Gaming Industry Outlook. In the latest edition, AGA said that most of the executives within the sector are optimistic about the industry’s future. What CEOs Think about the […]
Business
September 15, 2022
Fortuna Entertainment Group Appoints Victor Corcoran as New CEO
Fortuna Entertainment Group (FEG) has officially appointed Victor Corcoran as the new CEO. That includes Croatia, Slovakia, the Czech Republic, and Poland. Corcoran will be replacing David Vaněk, who served as interim CEO after Per Widerström decided to leave and chase new career opportunities. Corcoran Joins From Paddy Power Where He Worked as CEO Before […]
Business
September 12, 2022
Loeb Gives Up on Convincing Disney to Spin Off ESPN
Daniel Loeb will no longer try to convince Walt Disney to spin off ESPN. The investor recently staked $1 billion in the company and believed that spinning off ESPN would help Disney reduce its debt. Loeb Changes His Mind When Loeb proposed the spin-off, he argued that separating ESPN from its parent company would help […]
Sports
September 8, 2022
Seattle Sounders FC Inks a Pitch Naming Deal with the Puyallup Tribe
Seattle Sounders FC, a Seattle-based soccer club, has inked a naming rights deal with the Emerald Queen Casino, a gambling venue operated by the Puyallup Tribe of Indians. The agreement will see the sports team call its field in the Lumen Field stadium the Emerald Queen Casino Pitch. The Sounders Team Up with the Puyallup […]
Business
August 16, 2022
EBet to Lay off Workers as Part of Profitability Plan
EBet, a global provider of advanced esports wagering products and technology, will be laying off over half of its workers. The company cited profitability goals as the reason for the drastic measures. EBet Announced Profitability Plan In May, EBet posted its results for the second quarter of the fiscal year. Although the company’s revenues rose […]
Business
August 12, 2022
Flutter Entertainment Reports 9% Rise in H1 Revenue
After announcing a 6% revenue increase to £1.56 billion ($1.96 billion) during the first quarter of 2022 compared to Q1 2021, Flutter Entertainment has reported a revenue of £3.38 billion ($4.12 billion) for the six months that ended on June 30. The figure that was published in the 2022 Interim Results for the first half […]
