Illinois Gaming Board (IGB) has approved the relocation of Holywood Aurora and Hollywood Joliet casinos owned by Penn Entertainment. The parent company of the two suburban Chicago casinos and the Ameristar Casino facility located in Eastern Chicago received the approval to reconstruct Joliet and Aurora at more convenient locations.
Significant Step:
As KPVI reports, Penn Entertainment plans to invest around $545 million into the two Hollywood Casino gaming properties following the IGB’s approval. Marcus Fruchter, the IGB administrator, reportedly commented: “Approval of the relocation proposals for the Hollywood Aurora and Hollywood Joliet casinos is a significant step in the regulatory process to bring new gaming venues to these host communities.” Read more
In the western American state of Arizona and the federally-recognized Gila River Indian Community has reportedly announced plans that are to see it open a fourth tribal casino on land just south of the city of Phoenix.
According to a Monday report from The Arizona Republic newspaper, the tribe’s Gila River Hotels and Casinos enterprise is already responsible for the gambling-friendly Wild Horse Pass, Lone Butte and Vee Quiva facilities but has now been given official permission to open a compatriot property that could cost up to $100 million.
Employment expectation:
The Gila River Indian Community’s leadership reportedly approved the plan for the coming development at a special Friday meeting in hopes of bringing up to 1,000 new jobs to its rese…
Read moreAn intense hour-long standoff at the iconic Caesars Palace resort on the Las Vegas Strip came to a dramatic end on July 11, as law enforcement authorities arrested a man and successfully rescued a woman who had been held hostage.
Chaos Erupts at Caesars Palace as Hostage Situation Unfolds
The standoff began around 9:15 am when hotel security at Caesars Palace received a report of a domestic disturbance. Witnesses observed the man forcefully pulling the woman into a hotel room. Las Vegas police swiftly responded to the scene and established a perimeter around the area.
Throughout the standoff, the man resorted to throwing large object…
Read moreAfter 37 years in business and the Iowa Greyhound Park is reportedly set to close later this month to leave the two tracks in West Virginia as the United States’ last remaining venues for live greyhound racing.
According to a report from the Associated Press news service, the facility in the eastern Iowa city of Dubuque opened its doors in June of 1985 but is now scheduled to hold its last race on the afternoon of May 15. The move has purportedly pleased animal rights activists and comes as patrons have been increasingly tempted away by a profusion of other entertainment options including casinos and online gambling.
Previous popularity:
The news service reported that greyhound racing in the United States reached its zenith in the 1980s with more …
Read moreYesterday, the Illinois Gaming Board reported that the state’s betting handle for September reached just over $596 million. This number was a solid number but fell short of the state’s record handle month of March when over $633 million in bets were generated. With the monthly totals now in, along with a few other states, the US has now seen over $5 billion wagered within one month, a new milestone for the nation.
With the large September bet total, Illinois is now the 4th state in the country to go over the $6 billion mark in the betting handle. The only other states to do so are Nevada, New Jersey, and Pennsylvania.
Individual Breakdown in Illinois
For the state, it was DraftKings that reigned supreme. The operator is the only one that has been able to…
Read moreFollowing the clearing of obstacles in 2020 by previous developer Mohegan Gaming and Entertainment, it was recently reported that new developer Hard Rock International in cooperation with GEK TERNA Group held a groundbreaking ceremony for the luxurious casino-resort located in the heart of the Athens Rivera. The ceremony involved a memorable shovel celebration that took place at the well-known Hellinikon Airport. In addition, a follow-up ceremony was held at the Hellinikon Experience Center and involved GEK TERNA Group executives, Hard Rock International executives, political dignitaries, leaders of the local community and Greek government officials.
The first IR of its kind in continental Europe:
The aforementioned luxurious casino-resort, the so-called Hard Rock Hotel &a…
Read moreHacksaw Gaming announced a recently established partnership with Skywind Group, one of the leading companies when it comes to online casino gaming in Romania. The partnership marks a huge milestone in Hacksaw Gaming’s European expansion since it further strengthens the provider’s position in this rapidly growing market.
Romanian expansion:
Just a few weeks ago, the company signed a strategic deal with Soft2Bet, which opened the door towards Romanian expansion and helped Hacksaw Gaming set its feet in this iGaming market.
Thanks to the partnership, Skywind GroupRead more
Hub88, one of the famously advanced supplier aggregators, decided to integrate 7777 gaming casino content into its popular gaming platform.
The platform is famous because it offers instant access to a range of content created by leading iGaming suppliers – and one of its main benefits is the fact that all of this happens via one single API.
A new, entertaining addition to the platform:
The perfect addition to the already …
Read moreAfter the imprisonment of the Suncity Group CEO Alvin Chau, the control of the Hoiana casino resort in Vietnam has been taken over from the former listed Chau’s company by Hong Kong’s billionaire Cheng family, as reported by Bloomberg.
Resort Control Takeover:
Alvin Chau ran the company LET Group Holding Ltd as a part of the casino giant Suncity Group. At the same time, the former company was involved in the operations of the Hoiana resort near the Vietnamese port city of Da Nang but, according to the source, has now terminated such an involvement. The takeover of control of the resort by Cheng family is reportedly assumed on the basis of the fact that the family-related investment company Chow Tai Fook Enterprises Ltd. is currently supervising the resort’s operati…
Read moreAmerican casino operator Caesars Entertainment Incorporated has announced the signing of a deal with the Arizona Diamondbacks franchise of Major League Baseball (MLB) that is to see it bring a land-based sportsbook to downtown Phoenix.
The Las Vegas-headquartered firm used an official Thursday press release to detail that the multi-year alliance will additionally involve it becoming an authorized MLB gaming operator to premiere a mobile-friendly online sportsbetting service in partnership with the 23-year-old Arizona team.
Pivotal proximity:
Caesars Entertainment Incorporated stated that the agreement is to entail the opening of a William Hill-branded sportsbook adjacent to the Arizona Diamondbacks’ 48,600-seat Chase Field home, which is situated …
Read moreInterblock, a Las Vegas-based leader in the creation and delivery of prizewinning electronic table games (ETG) products, is excited to reveal the strategic purchase of electronic table gaming assets from Aruze Gaming America. Also, via this purchase, the company intends to increase its total number of employees by over 700 across the world.
A very important strategic step:
As the firm is well-known known for its perfect service transition, excellence and support using its robust support structure, with this purchase, Interblock’s main objective is to further enhance its already ongoing growth-focused strategy by advancing a few of the firm’s strategic initiatives, while strengthening its promise to bring inventive and ambitious solutions to the industry. In addition,…
Read moreErnie Stevens Jr., president of the Indian Gaming Association, called on the Biden Administration to appoint someone to the empty president position of the National Indian Gaming Commission (NIGC) as soon as possible, stating the postponements are slowing down crucial business.
National Indian Gaming Commission:
The aforementioned statement was part of an interview Stevens had during the duration of the Indian Gaming Association (IGA) Tradeshow & Convention, which took place the previous week in Anaheim. However, he also said that he would seek one more mandate.
Exit and replacement of E. Sequoyah Simermeyer, who stepped down as president at the end of February to join FanDuel, was a large subject of conversation among the leadership of the association at the conve…
Read moreEveryMatrix, a Malta-based B2B iGaming content and technology supplier, released the financial results for the first quarter of 2023 to report the record financial performance in the given period. According to the supplier’s web page, all business segments – Casino, Sports, and Platform – had a profitable quarter and contributed to the EBITDA growth of 119% over the same period last year to mark the highest growth in company history.
The company reported record financial results in Q1 2023, the simultaneous launch of the ambitious platform migration project, and the closure of an omnichannel deal with a first-class European brand. Every Matrix reportedly continued to reinvest revenues into future developments in the given quarter.
Record Results:
As…
Read moreOn April 10, Grand Lisboa Palace, located in Macau’s Cotai district, owned and operated by gaming giant SJM Holdings Ltd., officially opened the foreigner gaming zone.
Location:
The zone is found in the Cotai resort in the “Dragon Pavillon” which is the ultimate gaming part of the facility.
Commenting on the opening, specifically the official approval received from the Gaming Inspection and Coordination Bureau, the city’s casino regulator, SJM Holdings said in an emailed response: “With the approval of DICJ, the foreigner gaming zone was opened at Casino Grand Lisboa Palace on March 30, 2023.
“It is currently the only foreigner gaming zone set up by SJM.”
Foreign-gambling zone within the prope…
Read moreBrazil’s Finance Ministry is positioned to potentially generate up to R$3.4 billion (approximately US$ 620 million) this year through the regulation of online gambling. This revenue projection hinges on the approval of the authorization requests received during the initial licensing phase, as indicated by the Ministry of Finance. Regis Dudena, the head of the Secretary of Prizes and Betting (SPA), in a conversation with Estadão/Broadcast, noted that not all companies might meet the stringent requirements to operate within Brazil.
Revenue projections and regulatory challenges:
The SPA has processed 113 requests for authorization from various betting operators, termed as ‘Bets’…
Read moreUnless you’ve been living under a rock, more than likely you’re familiar with online gaming, which is often referred to as iGaming. Defined as participation in virtual activities that involve playing games online, such as online casino games or slots played on a mobile device or computer. In addition to online casino gambling, the term iGaming also encompasses online sports betting, lottery and poker.
The global iGaming industry has grown exponentially over the past few years, however, U.S. states have been slow to legalize online casinos. To date, only seven states in the U.S., including New Jersey, Pennsylvania, Michigan, Delaware, West Virginia, and Nevada (Rhode Island is expected to launch online casinos in Q1 2024) currently have access to legalized online casino…
Read moreGaming Innovation Group (GiG) has signed a new agreement with Ventures Lab, allowing the deployment of its acclaimed iGaming platform and advanced AI tools, DataX and LogicX, in Ontario. This partnership marks GiG’s fourth collaboration in the Canadian province and aligns with the company’s strategy for growth in regulated markets around the globe.
The agreement with Ventures Lab will fully harness the capabilities of GiG’s platform, emphasizing rapid market entry. GiG’s extensive experience in Ontario and other regulated markets, along with its status as an exclusive provider for regulated markets, sets the stage for potential multi-jurisdictional expansion in the future.
GiG’s innovative solutions are designed to drive significant revenue grow…
Read moreOn April 7, a woman in Jersey City, NJ won $200,000 at a Jin Ji Bao Xi Endless Treasure slot on the Tipico Casino platform online.
The news comes in the context of the brand’s fresh, women-focused differentiation casino strategy embraced in the fall of 2023.
“I Immediately Went Into Shock”
The winner, who wished to remain anonymous, explained that she initially believed she had won $20,000.
When she double-checked, she “screamed immediately” as she realized “it was $200,000 and not $20,000.”
“I immediately went into shock.”, she added.
W…
Read moreIn an era that is afraid of global warming and climate change, it is good to get back in time and experience how it was once upon a time when everything was icy and cold. 4ThePlayer decided to reminisce about these times in its newest release, 10 000 BC Double Max.
Modern mechanics in Ice Age:
The famous UK-based company partnered with the famous Yggdrasil, and after the limited exclusive that went great, the game is finally live on the network.
The Ice Age awa…
Read moreGaming in Macau registered its first month with a decrease in gross gaming revenue (GGR) on a subsequent basis since all travel restrictions for the Special Administrative Region (SAR) of China have been lifted.
Recovery Slowing Down but Strong
The monthly Games of Fortune statistics report published by the Gaming Inspection and Coordination Bureau (DICJ) revealed that casinos generated GGR of MOP$15.21 billion ($1.89 billion) in June.
The June result is 2.3% down compared to MOP$ 15.57 billion ($1.92 billion) the SAR casino industry registered in May when the market grew by 5.73% on a sequential basis to account for a third consecutive month of growth …
Read moreLa Francaise des Jeux (FDJ), the operator of the French national lottery, acquired Kindred Group for about $2.67 billion. This transaction will be a huge milestone for both companies since it is a key step towards creating the biggest company in Europe when it comes to the online gambling industry.
FDJ’s international expansion:
The deal is almost closed, and Kindred is listed for sale in Stockholm. It was listed by Corvex Management from New York, led by Keith Meister.
FDJ will pay 27.95 billion Swedish kronor, and all shareholders will earn <…
Read moreThe introduction into Macau of a digital version of the yuan currency currently being trialled by the government of China should prove to be a long-term positive for the city’s collection of almost 40 casinos.
According to a report from GGRAsia, this is the opinion of Sanford C Bernstein Limited analyst Vitaly Umansky some two weeks after officials in the enclave revealed that they would be amending local financial rules so as to allow for the complete adoption of the blockchain-powered innovation. The source detailed that the app-based ‘digital yuan’ currency is set to be controlled by the People’s Bank of China and will allow the central government to trace the movement of all cash and coins in circulation and know the full details of goods and ser…
Read moreSwedish online casino operator Kindred Group has released its unaudited financial results for 2021 showing that its profit after tax had risen by over 78.7% year-on-year to top £295.3 million ($400.7 million).
The Stockholm-listed firm used an official press release to declare that this twelve-month period had represented its ‘strongest year to date despite temporary headwinds’ and came as its aggregated annual revenues experienced a swell of 11.4% to approximately £1.25 billion ($1.69 billion). The company also detailed a 15% boost in its comparable earnings before interest, tax depreciation and amortization to £332.1 million ($450.5 million) to take its associated profit before tax up by 75.2% to £338.4 million ($459 million).
Advantageous autum…
Read moreIn the southern Australian state of Victoria and an independent investigation has reportedly called for the local government to pass legislation that would explicitly prohibit casinos from partnering with foreign junket firms.
According to a report from Inside Asian Gaming, the enquiry being chaired by prominent Australian lawyer Ian Freckelton (pictured) was launched in July after five former members of the Victorian Commission for Gambling and Liquor Regulation (VCGLR) publicly accused the watchdog of having become a ‘lap-dog’ for Crown Resorts Limited and repeatedly ignoring claims of money laundering at the operator’s giant Crown Melbourne property.
Explicit exoneration:
“There should be a review of the 2020 Internal Control Statements t…
Read moreThe Macau government recently announced some excellent news for the whole gaming industry in Macau. Gaming tax revenue in Macau in the March 2023 quarter is higher than it was in the same quarter last year.
Successful first quarter:
In March 2023, the government earned MOP$10.1 billion (or US$1.25 billion) from the gaming industry. Compared to the same quarter last year, when the revenue was MOP$8.7 billion (US$1.08 billion), an increase of 15.8% has been recorded.
The Financial Services Bureau published more precise information about the matter.…
Read moreThe eerie atmosphere and the dark that threatens to swallow the world, and two demons who await the bravest ones to face them in the mysterious world. Dive into the darkness and uncover the mysteries of the underworld in the newest Hacksaw Gaming slot release, Dark Summoning.
Eerie atmosphere and fantastic features:
The horror-themed game is placed across a 5×6 grid and has 24 winning lines. Apart from fantastic graphics and a soundtrack that resembles the best horror movies, the game has a lot to offer. Fantastic features and great gameplay are upgraded by an amazing win potent…
Read moreIn the western American state of Nevada, the Clark County Commission has reportedly given Fertitta Entertainment Incorporated the green light to bring a 43-story casino hotel to a six-acre plot of Las Vegas Strip land.
According to a Wednesday report from the Las Vegas Review-Journal newspaper, the firm run by billionaire American businessman Tilman Fertitta (pictured) is already responsible for the Golden Nugget Las Vegas facility and similarly gambling-friendly venues in the states of New Jersey, Louisiana and Mississippi. The Houston-headquartered enterprise purportedly paid some $270 million in June so as to purchase the parcel situated on the southeast corner of Las Vegas Boulevard and Harmon Avenue and is now looking to fill this space with a 2,420-room development also host…
Read moreGlobal investment bank Credit Suisse Group AG has reportedly warned that Macau could see its aggregated gross gaming revenues crash by as much as 20% this year owing to China’s burgeoning crackdown on granting visas to frequent gamblers.
According to a Tuesday report from Asia Gaming Brief, the mainland’s National Immigration Administration revealed earlier this month that it had ‘discouraged’ approximately 90,000 people who had wanted to leave the country to gamble over the course of the last year. The source explained that the giant nation’s Ministry of Public Security has also recently stepped up its own associated efforts and is said to be concentrating on those who have visited a foreign casino more than three times since the start of 2019.
Rapid recession:Read more
It appears as though the legal market for online gambling in the Netherlands has cooled a bit since opening in October 2021, according to a report from Kansspelautoriteit (KSA) advising that the number of gambling accounts in the northwestern European country is plateauing while revenue growth is shrinking. The market is, according to experts of CasinoScout.nl, continuing to meet expectations.
According to the government agency responsible for the supervision and regulation of gambling services in the Netherlands, the legal market for internet-based gambling…
Read moreBritish digital sports content, technology and integrity services provider Genius Sports Group Limited has reportedly released its financial results for 2020 showing that its total revenues jumped by 30.6% year-on-year to $149.7 million.
According to a Wednesday report from Yahoo Finance, the London-headquartered firm benefitted as every one of its three distinct business segments posted double-digit year-on-year revenue gains including a 94% boost from its media technology, content and services arm to $23.1 million.
Fresh field:
Genius Sports Group Limited officially went public on the New York Stock Exchange via a $1.5 billion merger with special purpose acquisition company (SPAC) Dmy Technology earlier this month and reportedly credited some of its success to the …
Read moreIn the United Kingdom and the Gambling Commission regulator has announced that it has concluded the application stage of its process to select who is to be granted the next ten-year license to run the country’s National Lottery.
The watchdog used an official Tuesday press release to detail that this initial phase ended on Friday with it having received official license applications from four entities encompassing current operator Camelot UK Lotteries Limited as well as European lotteries giant Sazka Group, local publishing behemoth Northern and Shell and a conglomerate consisting of British telecommunications provider BT Group and Italian gaming specialist Sisal SpA.
Bountiful benefits:
The Gambling Commission kicked off its drive to select the ne…
Read moreAfter breaking ground in April 2023, the Choctaw Resort Development Enterprise (CRDE), owned by the Mississippi Band of Choctaw Indians, has decided the official name of its soon-to-be-opened travel plaza is “Crystal Sky.” According to the recent press release, the nearby Crystal Ridge tribal community in Winston County served as the inspiration for the name.
Tribal competition to decide on the permanent name of the property:
During the groundbreaking ceremony held last spring for the development, the contest to name the travel plaza was unveiled by Chief Cyrus Ben, where members of the Tribe were invited to submit their ideas for a fitting moniker. A name that would not only reflect the natural beauty of the surroundings but also the spirit of the community.
…
Read moreMarch Madness is about to begin, and everyone is beyond excited! The in-person wagering has already started, but the expectations are high regarding the mobile gambling that has been allowed from today.
The popularity of online gambling:
Professor Victor Matheson, an economist at the College of the Holy Cross, said that the actual game began with the opening of mobile gambling. He also claimed that the difference between the states where mobile gambling is allowed and those where it is still prohibited is enormous – at least 10 to 1 in favor of…
Read moreLevi & Korsinsky, a prominent law firm, has united individuals affected by the recent Caesars Rewards Casino data breach to participate in a potential lawsuit. The cyberattack compromised the personal information of more than 65 million Caesars Rewards members, raising concerns of potential fraud and identity theft. However, it is yet unclear whether the victims can receive compensation.
The Firm Will Help Protect Customer Rights
Levi & Korsinsky is inviting individuals who have received notifications regarding the data breach to get in touch. The law firm stressed that participation in this process carries no cost o…
Read moreCasino gambling, wagering on sports and iGaming activities are prohibited in China. The country has tough laws when it comes to gambling, but an exception is applied to Macau, a popular tourist destination and a special administrative region (SAR) of China.
Although the city offers casino gambling, the crackdown against the activity extended from China with a request for Macau to implement foreigner-only gambling halls. This came in an effort to track their activities and determine what part of the operators’ revenue comes from foreign tourists.
Details regarding the new requirement first emerged a couple of years ago toward the end of 2022. Despite the requirement, separating foreign casino visitors w…
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