Casino
February 24, 2023
Mohegan Provides $120M to Its Inspire Project
The Mohegan Tribal Gaming Authority released an update on its in-development South Korean resort. Inspire Integrated Resort, which will see its parent company expand internationally, will receive further financial backing needed for its completion. As announced, on February 16 Mohegan executed an Equity Commitment Letter and agreed to make certain non-dilutive equity capital contributions to […]
Casino
February 24, 2023
SWAT Uses Closed Majestic Star Casino Hotel for Training Ground
The Majestic Star Casino Hotel was owned by Hard Rock International before it was shut down a few years ago. Then, the location was sold to a company that is focused on developing and enhancing property for trucks, trailers, buses and other large vehicles called Transport Properties. The company was planning to demolish the Majestic […]
Casino
February 24, 2023
Gambling Addicts in Switzerland Doubled between 2018-2021
Addiction Switzerland, an organization tasked with monitoring gambling and addiction levels, has been running annual surveys to help establish changes in the nation’s gambling behavior. In 2018, an estimated 25% of 1,395 people interviewed said that they would gamble online weekly. This number has since increased to 30% as of 2021, the organization said, with […]
Legal
February 23, 2023
Gibraltar Court Hands Out £5M Assets Freeze Order against Mansion Group’s Ex-CEO
The legal battle between Mansion Group, a leading online gambling operator that is globally recognized, and its former CEO, Karel Christian Mañasco, dates back to last year. Back then, the operator filed a claim against Mañasco with the courts in Gibraltar. In its claim, Mansion Group alleged that the former CEO abused his powers and […]
Business
February 23, 2023
Marriott International Legal Counsel Mao Exits Las Vegas Sands Board
The legal counsel who first joined the rest of the Las Vegas Sands Corp board members from the position of an independent director in July 2021 made the important announcement earlier in the month. The Resignation Went into Effect on February 22 On February 17, Yibing Mao notified the NYSE-listed company that her resignation would […]
Business
February 23, 2023
NetBet Italy and Amusnet Interactive Ink Win-Win Partnership
As a result of the newly inked agreement, several of Amusnet Interactive’s most popular casino games will soon reach NetBet’s online platform and become fully accessible for Italian players. Amusnet Interactive to Grow Its Presence in the Industry Previously known as EGT Interactive, Amusnet Interactive hopes to use the new deal to further expand its […]
Legal
February 23, 2023
Federal Court Hinders Potential Sports Betting Expansion in Washington
The Seattle Times reported that the recent ruling by the federal court has dealt a blow to those who were hoping to expand sports gambling throughout Washington state. The Court Cited Sovereign Immunity as One of the Main Reasons for Its Decision Maverick Gaming, which owns and operates a number of card rooms throughout Washington, […]
Casino
February 23, 2023
Gaming Realms Introduces Slingo Cleopatra
Gaming Realms has been rapidly expanding its Slingo portfolio, looking to secure new prominent licensing agreements and partnerships. The latest such partnership is established with IGT which has allowed for its iconic, classic and player-favorite Egyptian-themed game to be cast in the Slingo image. Reinventing IGT’s Classic in Slingo’s Image The high-performing original game will […]
Casino
February 23, 2023
1×2 Network Grows Content Capacity with AD LUNAM Launch
AD LUNAM is going to be a fresh approach to the way 1×2 Network delves into iGaming, offering products and content that is fully optimized for Gen Z and Millenials. In other words, the company is attempting to build a product that is based on the preferences and gaming habits of these target groups. AD […]
Business
February 23, 2023
The Star Reports Loss in H1 FY23, Plans to Raise Equity
Australian entertainment and gambling company The Star Entertainment Group released its H1 FY23 results acknowledging net loss and plans for equity raising. The company’s gross revenue for the period was AU$1.01 billion ($689.1 million), while normalized EBITDA was AU$200 million ($136.4 million) and net profit was AU$44 million ($30 million) for the six months until […]
