News - Page 19

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In what can only be described as a monumental leap for online gambling, Pennsylvania has shattered its previous records, setting a new high in the realm of internet casino revenue this February. The figures, as reported by the Pennsylvania Gaming Control Board (PGCB), are nothing short of stellar, with revenue reaching an unprecedented $184.9 million. This marks a 40% increase from the $131.6 million recorded in February of the previous year, signaling a robust growth trajectory in the Keystone State's iGaming sector.

Wazdan, the renowned slots developer and aggregator headquartered in Valletta, Malta, is riding high on a wave of strategic triumphs. In a double-barreled announcement that underscores its growing industry footprint, Wazdan has revealed a significant expansion into the Swiss market alongside a prestigious industry nomination that highlights its creative prowess.

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.

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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.

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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.

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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.