Patrik Hofbauer, the CEO of Svenska Spel, has reportedly condemned “shadow gaming companies” who act deceivingly in the Swedish gambling market. He has turned his attention to the Swedish Gambling Authority (SGA), to sharpen up and ‘deal with’ these operators. Let’s take a look at what exactly has stirred all this commotion. When the Swedish […]
In June, an Eldorado Caesars merger for $17.3bn was agreed from the two companies. Since then, it was announced that shareholders have agreed to combine the two companies in a cash and stock merger. Let’s take a look. If you take a look at the latest online gambling news, you’ll find that there has been […]
According to the latest reports, Helio Gaming announced a new CEO in Keith Galea, replacing Richard Mifsud. The appointment comes after Galea was selected as the company’s COO in June. The executive will now make the step up, with Mifsud moving into a consultancy role with the firm. Let’s take a look. Before we jump […]
According to the latest reports in the US, NJ October saw the state rack up a total of $292.9m in gaming revenue. This is considered to be a 23% rise year-on-year. Sports wagering revenue saw the biggest leap, rising 297% to $46.4m. Another interesting factor was internet gaming which increased 69% to $45.2m. Let’s take […]
The founder and former CEO of Wynn Resorts, Steve Wynn, has finally come back into the public eye with a short statement he said about the Nevada Gaming Control Board. It was almost two years ago since Wynn resigned from his CEO role following sexual harassment claims directed towards him. Let’s take a look. Reported […]
The latest reports coming out of the UK have announced the Camelot H1 results, in which the operator saw improvement. The group are operators of the UK National Lottery and have announced year-on-year increases across the board in its H1 report. Let’s take a look. Before we jump straight into it, feel free to browse […]
Ronald Karauri, the SportPesa CEO, has announced the company plans to consider continuing operations in Kenya following a new tax rule of 20% on all betting stakes. Previously, the company halted operations because the government imposed a 20% excise tax on all betting stakes. Now, the government have overruled a 20% tax on winnings. Let’s […]
The latest reports suggest that Las Vegas Sands Director for Global Development, George Tanasijevich, has given his verdict on how the operator would plan to utilize and integrated resort in Yokohama. The managing director was speaking at a symposium held in Yokohama. Let’s take a look. Back in August, Las Vegas Sands announced their plans […]
The Gambling Related Harm All-Party Group (GRH APPG) called for stake and deposit limits to be set at £2 for online slot gaming in its interim report. However, a Responsible Gambling Panel has criticized the MP proposals for max stake limits on online slots. Let’s take a look. Before we jump straight into it, feel […]
The latest reports show Scientific Games Q3 results are up 4% year-on-year to $855m in case of generated revenue. With an adjusted EBITDA of $344m, an increase of 6%, net income was $18m, a significant increase from the $352m loss in the prior year period. Let’s take a look. Before we jump straight into the […]
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