News - Page 11

In a turn of events that felt more like a plot twist straight out of a Las Vegas drama, MGM Resorts International found itself at the center of a whirlwind of rumors, speculation, and media frenzy. The buzz? That international superstar Bruno Mars was allegedly in deep with a gambling debt, owing a staggering $50 million to the entertainment giant. But before this rumor could turn into a full-blown scandal, MGM Resorts stepped forward to clear the air, and what they had to say might just surprise you.

Key Takeaways:

DraftKings, the sports betting behemoth, is shaking things up in its executive suite. Jason Park, who has helmed the company's finances as the Chief Financial Officer since June 2019, is transitioning to a new role within the company. Stepping into Park's big shoes is Alan Ellingson, the current Senior Vice President of Finance and Analytics. This significant baton-passing is set to occur on May 1, marking a new chapter in DraftKings' corporate narrative.

Posted on: March 18, 2024, 03:29h.
Last updated on: March 18, 2024, 03:34h.

Key Takeaways:

In February 2024, the glitzy casinos of Atlantic City didn't have luck on their side, marking the second straight month of year-over-year declines in gross gaming revenue (GGR). This trend has raised eyebrows and prompted a closer examination of the dynamics at play within New Jersey's famed gambling hub.

This week's news landscape was dominated by talk of acquisitions and divestitures, with Entain arguably capturing the most attention. Reports hint at the company's plans to offload several brands, sparking speculation and discussions across the industry. But that's just the tip of the iceberg. Events, responsible gambling initiatives, and engaging industry catchups have also made headlines, painting a vibrant picture of the current state and future directions of the gambling and iGaming industry.

Key Takeaways:

Key Takeaways:

Key Takeaways:

Posted on: March 14, 2024, 02:17h.
Last updated on: March 14, 2024, 02:17h.

FanDuel is currently riding the high wave as a pivotal force behind the success of Flutter Entertainment (NYSE: FLUT) stock, following its much-anticipated debut on the New York Stock Exchange (NYSE). This strategic movement has sparked considerable interest among investors and market analysts alike.

Greentube, a leading developer and studio in the iGaming industry, and a key division at NOVOMATIC, has taken a significant step forward in the Dutch regulated online casino market. A freshly inked content partnership with One Casino, a prominent local brand, marks this advancement. The collaboration is set to enrich the Dutch gaming experience, bringing a suite of Greentube's stellar titles to the fore.

In the ever-evolving landscape of the online gambling industry, Entain, a prominent FTSE 100 group, is reportedly considering a strategic overhaul that could see the sale of several of its brands, including the notable PartyPoker platform. Recent insights from sources close to the Financial Times reveal a deeper analysis into Entain's past business decisions, acquisitions, and the potential pivot towards a more streamlined portfolio.

Today, gamers don’t need to go to a land-based venue to play their favorite casino games and place bets. That’s because online casinos allow you to do that virtually anywhere. But like land-based casinos, gambling apps reserve the right to kick you out if you break the rules. So, what are some of these behaviors that can get your account suspended?

Reading Time: 2 minutes