Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Casino
June 25, 2021
Nevada Gaming Commission Lauds Casino Recovery Efforts
The Las Vegas gambling scene is beginning to experience new signs of life following the global COVID-19 pandemic. Las Vegas Casinos Say They Are Doing Well As They Rebound On Thursday, two Las Vegas casinos told the Nevada Gaming Commission (NGC) that they are doing well after the industry rebound from the pandemic. That’s a […]
Industry
June 25, 2021
Las Vegas Is on Its Way to Economic Recovery, Says New Study
A new study by the UNLV Center for Business and Economic Research suggests that gambling revenue and visitor volume in Las Vegas will increase gradually until the end of this year. According to the study, the positive trend will continue in 2022. Las Vegas Rebound Starts This Year, Says Recent Study Last year, the global […]
Casino
June 25, 2021
Resorts World Las Vegas Set to Usher New Era of Hospitality
The first casino resort built on Las Vegas Strip for more than a decade, Resorts World Las Vegas, opened doors to the public Thursday by a first-look party in the evening for invited guests. Exceptional Amenities The star-studded party officiated by Genting CEO and Chairman K.T. Lim and Resorts World Las Vegas President Scott Sibella, […]
Industry
June 25, 2021
Two Soft2Bet Brands Acquire MGA Gaming Licenses
Soft2Bet has acquired licenses for two of its brands, YoyoCasino and Campobet, from the Malta Gaming Association (MGA), strengthening its position on the European market. Campobet and Yoyocasino Receive MGA Licenses Soft2Bet’s brands Campobet and YoyoCasino have received licenses from the Malta Gaming Association (MGA) and have been considered the “best performing brands in Europe.” […]
Casino
June 25, 2021
Terre Haute Casino Denied Gaming License by Indiana Gaming Commission
The proposed Lucy Luck Casino in Terre Haute, IN, is facing a bleak future, after the Indiana Gaming Commission (IGC) voted not to renew the gaming license for the company to continue its project in the city. Scheduled to open in 2022, the casino, run by Hard Rock, was tipped to bring more than 1,300 […]
Casino
June 25, 2021
CasinoEngine Ready to Expand Portfolio with Offerings from Hölle Games
The online casino segment continues to make huge strides around the world. Propelled further into the limelight as COVID-19 forced brick-and-mortar casinos to remain closed, iGaming has gained a larger market share and doesn’t show any signs of slowing down. The next couple of years are going to bring a number of innovative solutions to […]
Industry
June 25, 2021
Australia’s Gaming Industry Likely to Undergo Monumental Changes
If any good is coming out of the debacle surrounding Crown Resorts in Australia, it’s that the country’s gaming regulations are likely to be tweaked. Fitch Ratings has weighed in on what is happening in Australia with Crown and Star Entertainment, as well as the gaming industry, in general, and believes that the screws are […]
Casino
June 25, 2021
MGM Gets the Green Light to See MGM Springfield Real Estate to Its REIT
Real estate investment trusts (REIT) are good business. They get to assume little risk and, in return, receive huge rewards. They can, in the majority of the cases, be beneficial to the companies with which they work, as well, as these can lower costs associated with maintaining the property. MGM Growth Properties is one of […]
Legal
June 24, 2021
Germany Approves Controversial Turnover Tax on Online Slots and Poker
Germany’s controversial 5.3% turnover tax on online slots and poker received the approval of the parliament earlier this week. German Parliament Approves 5.3% Tax on Online Slots and Poker Back in March of this year, Germany’s new State Treaty on Gambling (GlüNeuRStv) was approved by lawmakers. Since then, the new regulation has received the approval […]