CORPORATE NEWS

Canberra considers blanket advertising ban

The Australian capital is considering a gambling advertising ban, which has prompted several gambling and media leaders to descend upon Canberra to assist in the deliberation around how stringent these new amendments should be. This has initially come in the form of both Prime Minister Anthony Albanese and Opposition Leader Peter Dutton meeting with chief…

Light & Wonder announces Q2 results and remaining acquisition of SciPlay

In a significant financial update, Light & Wonder has posted robust Q2 2023 revenue of US $731 million, marking a remarkable 20 percent year-over-year growth. CEO Matt Wilson shared insights into the company's progress, discussing synergies with SciPlay, achievements on the ASX, and the ongoing search for a new CFO.

“We are chomping at the bit” – Williams discusses UK casino struggles

According to David Williams, Director of Public Affairs at the Rank Group, “progress cannot come a moment too soon for casinos”. He released a statement this week on the UK’s Betting and Gaming Council website, where he forecasts effects the gambling reform White Paper might have on UK retail casinos. In his opinion piece, Williams…

83% Crypto Growth: SOFTSWISS Reveals iGaming Insights

SOFTSWISS, an innovative tech provider offering iGaming solutions, presents its latest crypto gaming trends report, derived from the data collected across five hundred brands powered by the сompany. The presented analysis considers in-game currency conversion capabilities. In 2022, the SOFTSWISS Online Casino Platform introduced a crypto-centric feature, heralding a new paradigm where players possessing crypto…

Strategic Partnerships and Player-Centric Approach: The MegaPari Success Story

As evidenced by the ratings, a majority of 64.4% of survey participants awarded MegaPari a score of 9 or 10 out of 10. The high user satisfaction rate not only reflects the quality of the platform but also the effectiveness of its partnerships. With a dedication to both partners and players, MegaPari presents an attractive…

DraftKings reports Q2 results with EBITDA profit

DraftKings Inc achieved favourable adjusted EBITDA results for the second quarter disclosing a revenue of US $875 million. The forecast for adjusted EBITDA for Q4 this year is expected to fall in the range of US $150 million to US 175 million. Revenue stood at $875 million To summarise the key points for Q2: CEO…

Curacao triumphs with unforgettable win in Senior League World Series clash

Journeying more than 1700 miles to reach Easley for the Senior League World Series, Pabao Little League of Willemstad, Curacao, arrived at Saturday’s showdown against Cherry Hill Atlantic Little League of Cherry Hill, New Jersey, with a golden opportunity to secure the championship accolade for their homeland. Glory for the Caribbean champions With fervent determination,…

Wynn Resorts adds Paul Liu to Board of Directors

Wynn Resorts has appointed Paul Liu as a member of the company’s Board of Directors as an Independent Director and Class 1 member. Liu was previously a partner at Egon Zehnder AG, a global leadership advisory firm specialising in management consulting and executive recruitment. His professional expertise centres around the entertainment, hospitality and financial services…

BetMGM secures strategic sports betting partnership with Revolutionary Racing Kentucky

BetMGM, a prominent player in the sports betting industry, has solidified a strategic partnership with Revolutionary Racing Kentucky (RRKY) to venture into Kentucky’s sports betting market. Shaking up the sports betting landscape This significant agreement opens the door for BetMGM to introduce both mobile and retail sportsbook services in the Commonwealth. As the eagerly awaited…

Durango Casino & Resort: Station Casino’s new $780 million project

In the southwest valley area, Durango Casino & Resort, an upcoming hotel-casino venture developed by Station Casinos, is making steady progress towards its scheduled opening on Monday, November 20th. A closer look at the new resort Located near the 215 Beltway on South Durango Drive, the resort boasts an array of features including 200 hotel…