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Gambling News Archive

Thursday, 31st October 2019
Penn National Gaming generated revenue of $1.35bn for Q3 2019, a 72% increase year-on-year. The operator reported net income of $43.7m, a rise of 5%, while adjusted EBITDA was $311.6m, up 36%. During...
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Thursday, 31st October 2019
Diamond Eagle Acquisition is said to be in advanced talks to purchase DraftKings. Both Reuters and Bloomberg have reported the company’s interest in the gaming and fantasy sports operator, with...
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Thursday, 31st October 2019
Konami’s Gaming & Systems segment generated ¥14.87bn ($140m) for H1 of its financial year, a 16% year-on-year increase. Konami’s total revenue organisation-wide fell 1% for the trading...
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Thursday, 31st October 2019
MGM Resorts International has reported a 9% year-on-year increase in Q3 consolidated net revenue, to $3.3bn. MGM’s Las Vegas Strip Resorts saw net revenue rise 4% to $1.5bn, while revenue from regional...
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Wednesday, 30th October 2019
Melco Resorts and Entertainment generated revenue of $1.4bn for Q3, a 16% increase year-on-year. The operator reported income of $175.2m, representing a rise of 104%, while net income was $83.2m. Adjusted...
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Wednesday, 30th October 2019
LeTou has announced a new partnership agreement with esports company Fnatic, to support its Dota 2 team based in Kuala Lumpur. LeTou will be the team’s main sponsor as it competes in the multiplayer...
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Wednesday, 30th October 2019
Gambling Commission CEO Neil McArthur says the level of compliance among UK-facing operators based in Malta is currently "not good enough." Referencing the outcome of Commission research from 2018, McArthur...
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Wednesday, 30th October 2019
DraftKings was the top scorer in the bidding process to offer retail and mobile sports betting in the state of New Hampshire. In an RFP document released by New Hampshire’s Lottery Commission, DraftKings...
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Wednesday, 30th October 2019
Genting has agreed to purchase Authentic Gaming from LeoVegas for €15m ($16.7m) on a debt-free basis. LeoVegas reports this will provide a return of more than 100% on its own investment into Authentic...
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Tuesday, 29th October 2019
Negotiations between Oklahoma’s Attorney General and 35 tribal nations began on Monday and today remain in a stalemate over the automatic renewal of gaming compacts, AP News reports. The tribal...
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Tuesday, 29th October 2019
The MOP96.5bn ($12bn) lawsuit issued against Las Vegas Sands has been delayed until 16 September 2020, according to a court filing. The lawsuit put forward by the Asian American Entertainment Corporation...
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Tuesday, 29th October 2019
Full House Resorts has submitted an application to the Illinois Gaming Board to open a casino in Waukegan. If the application is successful, the new property, named American Place, would include a casino,...
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Tuesday, 29th October 2019
Yahoo Sports and MGM Resorts International have entered into a multi-year sports betting partnership. Verizon Media CEO Guru Gowrappan and MGM Chairman and CEO Jim Murren announced the deal will "power...
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Monday, 28th October 2019
Australian operator PointsBet has announced plans to raise over $80m to fund its US expansion. Through its partnership with Penn National Gaming, PointsBet will have access to multiple US markets once...
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Monday, 28th October 2019
Ladbrokes, owned by GVC Holdings, will reportedly not be fined by the Gambling Commission following an investigation into potential theft. Tony Parente, a Ladbrokes customer, stole around £1m ($1.3m)...
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Monday, 28th October 2019
Jack Entertainment has entered into an agreement to sell Jack Cleveland Casino and Jack Thistledown Racino to Vici Properties for approximately $843m. The deal will see Jack Entertainment sell the real...
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Monday, 28th October 2019
FanDuel has formed an agreement with the Pittsburgh Steelers, making the operator the NFL team's official daily fantasy sports (DFS) partner. Through the deal, FanDuel will have access to marketing assets...
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Monday, 28th October 2019
To commence a series of industrial actions planned by unions, bartenders and card dealers will walk away from their jobs at Melbourne’s Crown Casino for two hours on Friday night. Members of United...
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Friday, 25th October 2019
Kindred Group revenue was £226m ($290m) for Q3 2019, a 2% drop year-on-year, while revenue for the year-to-date was £676.6m, a 3% rise. EBITDA for the period was £37.2m, a decrease of...
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Friday, 25th October 2019
The US PGA Tour is ready to expand its audience by offering gambling at tournaments, according to Commissioner Jay Monahan. Speaking to AFP, Monahan said fans can expect to see the PGA’s gambling...
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Friday, 25th October 2019
Tipico has reportedly been taken to court by Greek businessman Antonios Stampolidis, for allegedly forging clauses in a contract with a franchise partner. Stampolidis represents Chadborn Holdings, which...
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Friday, 25th October 2019
Kambi revenue was €23m ($25.6m) for Q3 2019, a 12% rise year-on-year, while revenue for the year-to-date was €65.6m, a 20% increase. Operating profit for the period fell 19% however, to €3.4m....
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Thursday, 24th October 2019
Concerns of tax evasion and money laundering persist in Malta and threaten to derail the significant progress made in the island’s gaming industry. An anti-money laundering (AML) investigation in...
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Thursday, 24th October 2019
Scroll through LinkedIn and you will see some bold claims. Some will profess to know the secret of effective marketing; others will boast there is no secret at all, just hard work. You will see technology...
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Thursday, 24th October 2019
John Alexander, Crown Resorts CEO, has denied allegations of money laundering, blaming activists with an "anti-Crown agenda" for releasing the stories. Earlier this month, CCTV footage from Melbourne’s...
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Thursday, 24th October 2019
NetEnt revenue was SEK 443m ($46m) for Q3 2019, a 1% decrease year-on-year. EBITDA was SEK 196m, a fall of 14%, while profit after tax was SEK 97m, a 37% drop. Revenue for the year-to-date was SEK 1.3bn,...
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Thursday, 24th October 2019
Evolution Gaming revenue was €94.7m ($105.4m) for Q3 2019, an increase of 47% year-on-year. EBITDA increased 73% for the period, at €48.5m, while overall profit was €39.8m, an 87% rise. Operating...
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Thursday, 24th October 2019
Las Vegas Sands generated net revenue of $3.3bn for Q3, a decrease of 4% year-on-year. Both operating income and net income fell for the operator, dropping 3% to $899m and 4% to $669m, respectively. Consolidated...
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Thursday, 24th October 2019
You can just hear an executive uttering the phrase "teamwork makes the dream work," after IGT and Scientific Games were this week awarded the license to operate Brazil’s Lotex instant lottery. But,...
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Thursday, 24th October 2019
Betsson revenue was SEK 1.28bn ($132.7m) for Q3 2019, a decrease of 11% year-on-year. EBITDA was SEK 304.2m, down 28%, while operating income was SEK 212.5m, a 38% decrease. Casino revenue also fell 12%...
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Wednesday, 23rd October 2019
Boyd Gaming revenue was $819.6m for Q3 2019, a rise of 34% year-on-year. Net income was $39.4m for the period, a 234% increase, while adjusted EBITDA was $213.5m, a 43% rise from 2018. The operator attributed...
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Wednesday, 23rd October 2019
Affiliate MrCasinova.com will donate £1 ($1.29) to charity for every player it refers to a casino operator. The targeted charities will be those contributing towards an environmental cause, although...
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Wednesday, 23rd October 2019
The International Betting Integrity Association (IBIA) reported 50 cases of suspicious betting during the year’s third quarter, bringing the total number of cases in 2019 to 138. Overall, this represents...
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Wednesday, 23rd October 2019
GAN has announced the expansion of its deal with FanDuel to provide the operator with sports betting services in Indiana. FanDuel has taken its first sports wagers in Indiana after both parties received...
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Wednesday, 23rd October 2019
Sportradar has appointed Werner Becher as its new MD of US betting. Becher spent seven years as Interwetten CEO (also known as Speaker of the Board) before announcing his departure in November. He was...
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Tuesday, 22nd October 2019
Gaming Innovation Group (GiG) has acquired 75% of the shares in Croatian company Top Games, which can legally operate in Croatia remotely with a gambling license. While GiG will acquire 75% of Top Games,...
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Tuesday, 22nd October 2019
Following Sportradar's acquisiton of omni-channel platform business Optima, Gambling Insider caught up with Paolo Personeni, Sportradar's Managing Director MTS (Managed Trading Services). With a...
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Tuesday, 22nd October 2019
The Children’s Commissioner for England, Anne Longfield, has called for greater regulation of micro transactions and loot boxes; she believes they need to be considered gambling. Longfield wants...
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Tuesday, 22nd October 2019
Brazilian football club Flamengo has agreed a deal with Sportsbet.io for the operator to become its new shirt sponsor. The crypto-currency sportsbook began a three-month betting partnership with Flamengo...
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Tuesday, 22nd October 2019
Fresh off the success of the Global Gaming Awards Las Vegas 2019, the window for self-nominations for the Global Gaming Awards London 2020 is officially open. The London Awards recognise and reward the...
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Monday, 21st October 2019
Tom’s Amusement, an illegal underground casino operation in Phoenix, Arizona, has been thwarted by police. According to the Arizona Department of Gaming (ADG), the investigations into Tom’s...
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Monday, 21st October 2019
Japan’s regulatory body, the Casino Administration Committee, will be established on 7 January 2020, the Japanese Government has announced. The Committee was originally scheduled to launch on 1...
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Monday, 21st October 2019
Wally Downes, manager of English football team AFC Wimbledon, has been dismissed from his role after being charged with betting contraventions by the Football Association (FA). Downes, who joined the...
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Monday, 21st October 2019
Camelot has pulled its £10 ($12.98) scratchcards in the UK market due to concerns they might be aiding players who are suffering from gambling addictions. Lotto bosses have informed shops to no...
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Friday, 18th October 2019
Full House Resorts has entered online and mobile sports wagering agreements with Wynn Resorts throughout Indiana and Colorado. Both of the new agreements are with WSI USS, LLC, a wholly owned subsidiary...
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Friday, 18th October 2019
A former arms dealer, who provided financial support to a Liberian war criminal, was able to gamble away millions in Crown Resorts high-roller rooms, despite international sanctions against him, as reported...
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Friday, 18th October 2019
At a recent industry conference, analysts gathered to discuss gambling sponsorship in sport and whether gaming brands have gone too far in the UK market. With a large number of English Premier League...
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Friday, 18th October 2019
The Gambling Commission (GC) has called for pubs in England and Wales to increase efforts to prevent under-18s from accessing gaming machines, known as fruit machines, within their properties. Children...
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Thursday, 17th October 2019
Malaysian police have arrested 17 Chinese nationals accused of running an illegal international gambling operation in Cheras, a district of Kuala Lumpur. According to police, the suspects, aged between...
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Thursday, 17th October 2019
Betconnect Co-founder Daniel Schreiber has told Gambling Insider he believes betting exchanges are only going to grow in popularity, due to the fact younger players understand technology faster in...
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Thursday, 17th October 2019
Police were issued with warrants for an illegal gambling location in Long Beach, California, detaining 40 people in the process. The Long Beach Police Department had received several reports of suspicious...
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Thursday, 17th October 2019
MoneyMatrix, the payments processing branch of EveryMatrix, provides customers with online payment solutions from its offices in Malta. Gambling Insider recently caught up with the MoneyMatrix team to...
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Wednesday, 16th October 2019
Sportpesa recently halted its operations in Kenya after the Government imposed a new 20% excise tax on all betting stakes. The operator, which launched in Kenya in 2014, says this new tax has...
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Wednesday, 16th October 2019
Fox Bet has signed a multi-year deal to become an authorised gaming operator of Major League Baseball (MLB). Fox Bet will now have the right to use MLB’s official data feed throughout the partnership,...
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Wednesday, 16th October 2019
MGM Resorts International has agreed to sell the real estate of the Bellagio to Blackstone Real Estate Income Trust (BREIT) for $4.25bn in cash. BREIT will lease the property to a subsidiary of MGM for...
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Wednesday, 16th October 2019
Total gaming revenue rose once again in New Jersey for the month of September, growing 8% year-on-year to $303.5m. However, casino win fell 3% year-on-year, to $224.5m, emphasising the impact of internet...
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Tuesday, 15th October 2019
San Manuel Band of Mission Indians has become the founding partner of Allegiant Stadium and the Las Vegas Raiders, starting in the new 2020 season. Both parties came together to celebrate the partnership...
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Tuesday, 15th October 2019
Rank Group saw its gross gaming revenue rise 8% year-on-year for Q1 of 2019/20. Its digital sector saw the highest growth, rising 15%, while Grosvenor revenues and international revenues increased 10%...
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Tuesday, 15th October 2019
Reports this week surfaced that gambling, tobacco and alcohol companies will not be able to sponsor the London Stadium, with the London Legacy Development Corporation (LLDC) claiming such deals would be...
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Tuesday, 15th October 2019
CCTV footage from Melbourne’s Crown Casino shows more than AU$100,000 (US$67,665) being exchanged for high-value casino chips in an alleged incident of money laundering. The video, leaked to independent...
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Monday, 14th October 2019
The winners at the sixth annual Global Gaming Awards Las Vegas were confirmed today, with the ceremony proving to be arguably the most competitive yet. All winners were announced at a luncheon ceremony...
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Monday, 14th October 2019
Wynn Resorts will no longer bid for a license to operate an integrated resort in Osaka, GGRAsia reports. It will instead turn its attention to the Kanto region, which includes Japan’s capital city,...
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Monday, 14th October 2019
Gambling, tobacco and alcohol companies will not be able to sponsor the London Stadium, with the London Legacy Development Corporation (LLDC) claiming it to be "inappropriate" for the image of the stadium. Betway,...
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Monday, 14th October 2019
Leicester City footballer James Maddison received his first England call-up from Gareth Southgate to potentially pull on the famous white shirt against the Czech Republic or Bulgaria in the recent European...
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Monday, 14th October 2019
Sports betting generated revenue of $5m in Iowa for September, an increase of 127% from the previous month. Total handle rose from the $8.6m recorded in August to the $38.5m made last month, according...
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Monday, 14th October 2019
As the ink begins to dry on the £197m ($247.5m) deal signed by NetEnt and Red Tiger Gaming, Gambling Insider exclusively caught up with Red Tiger CEO Gavin Hamilton, as he reflects on a partnership...
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Friday, 11th October 2019
It is essential for suppliers to strike a balance between innovation, efficiency and market acceptance, according to Milo Borissov, Founder, CEO and President of Casino Technology. Gambling Insider travelled...
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Friday, 11th October 2019
Indiana saw $35m in sports betting handle in its first revenue report since the market’s regulation. The newly regulated market, which launched on 1 Sept, generated total revenue of $8.6m for the...
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Friday, 11th October 2019
UFC and IMG Arena have come together to launch UFC Event Centre, a sports betting product which will present new opportunities for live betting. The combat sport’s official data feed will be made...
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Friday, 11th October 2019
Sportradar has confirmed the acquisition of omni-channel platform business Optima. The acquisition is effective immediately, although the data supplier has not revealed the price of the deal. Optima...
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Thursday, 10th October 2019
LeoVegas, and its subsidiary Royal Panda, have received fines totalling €750,000 ($827,000) from the Dutch Gambling Authority (KSA) for offering illegal online gambling in the Netherlands. As a result...
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Thursday, 10th October 2019
Betsson Group CEO Jesper Svensson believes the dialogue between operators and the Swedish Gambling Authority (SGA) will improve with time. However, Svensson feels the relationship can only improve with...
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Thursday, 10th October 2019
NetEnt has partnered with Live Fraud Solutions (LFS) to improve its anti-fraud measures. Through the partnership, the supplier is hoping to increase its focus on equipment integrity, player behaviour...
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Thursday, 10th October 2019
Mikael Hansson, Co-founder of retention service provider Enteractive, has said operators need to start focusing on giving their customers some much-needed recognition. Speaking with Gambling Insider,...
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Thursday, 10th October 2019
Betfred will face a fine of £322,000 ($395,000) after a Gambling Commission (GC) investigation found the operator failed to carry out adequate source of funds checks on a customer. Over a 12-day...
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Wednesday, 9th October 2019
Mohegan Gaming and Entertainment has unveiled its plans for Inspire Athens - the operator’s proposal for Greece’s Hellinikon project. If Mohegan Gaming is awarded the license to build the...
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Wednesday, 9th October 2019
A Casumo advert offering new players a 100% welcome bonus has been banned by the Advertising Standards Authority (ASA) from appearing on Google searches for "how to unsubscribe from all gambling." The...
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Wednesday, 9th October 2019
GVC Holdings has announced a 2% fall year-on-year in constant currency net gaming revenue (NGR) for Q3 2019. The decrease can mostly be attributed to the operator’s UK retail revenue, which fell...
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Wednesday, 9th October 2019
Following DraftKings’ mobile sports wagering launch in Indiana, Gambling Insider spoke to the operator’s Head of Sportsbook Digital, Jamie Shea. Shea believes the market can achieve similar...
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Tuesday, 8th October 2019
The decision to limit LeoVegas’ Swedish license to a two-year period has been overturned by the Administrative Court in Linköping, extending the operator’s license to the maximum five...
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Tuesday, 8th October 2019
Rossi McKee, VP at Casino Technology, spoke exclusively to Gambling Insider to discuss the supplier’s global production strategy and what it takes to understand its customers. Can you please tell...
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Tuesday, 8th October 2019
Betgenius has launched its first live streaming service, aimed at providing sportsbook operators with access to new content from global sports competitions. The service focuses on fixtures played at off-peak...
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Tuesday, 8th October 2019
Gambling Insider caught up with 3Radical Commercial Director Rachel Swann, who feels gaming firms are only starting to wake up to classic marketing principles like player lifecycle – and retention...
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Tuesday, 8th October 2019
Voters in Colorado will decide next month on whether to legalise sports betting and subject it to taxation. Proposition DD would legalise and regulate online and land-based sports betting in the Centennial...
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Monday, 7th October 2019
La Française des Jeux (FDJ) saw its revenue rise 7% year-on-year to €1.4bn ($1.5bn) during the first nine months of the year. The operator said this growth was driven by a rise in stakes across...
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Monday, 7th October 2019
John Gosden's superstar Enable was unable to land a record-breaking third Qatar Prix De L'Arc at Longchamp on Sunday, losing out to Andre Fabre's Waldgeist. The five-year-old went off at 8-13 to make...
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Monday, 7th October 2019
Pennsylvania-based Parx Casino has opened internet gambling services in the New Jersey market, in partnership with GAN.   This is the second state in which the Greenwood Gaming and Entertainment-owned...
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Monday, 7th October 2019
The winners of this year's Global Gaming Awards Las Vegas will be announced one week from today, with all preparations now in place for this year's luncheon ceremony. More than 500 industry professionals...
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Monday, 7th October 2019
To my left sat Kobe Bryant; to my right, Blue Man Group danced the weekend away. Not far behind were Megan Rapinoe, Cirque du Soleil and the WNBA All-Stars. In the words of Jim Murren, this was “just...
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Friday, 4th October 2019
A quick cure for writer’s block is free writing. A High School English teacher of mine made us do it at the start of every lesson; it shakes loose the cobwebs and gets the brain up and running. There’s...
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Friday, 4th October 2019
Churchill Downs has signed an agreement to acquire Turfway Park in Florence, Kentucky from Jack Ohio, an affiliate of Jack Entertainment and Hard Rock International. Through its subsidiary NKYRG, Churchill...
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Friday, 4th October 2019
DraftKings has officially launched a mobile sportsbook in Indiana, the third state in the US where the operator now offers its app. The app will be available on iOS and Android, just as it currently is...
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Friday, 4th October 2019
Gambling Insider caught up with Hpybet CEO Andreas Köberl (right) and Interwetten Speaker of the Board Dominik Beier (left) to talk about company culture, German-speaking gaming markets and more. To...
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Thursday, 3rd October 2019
Paf has cut its annual loss limit, the maximum value a player can lose in a year, by €5,000 ($5,493) to €25,000. Last year, Paf became the first operator to set a maximum loss limit, and it...
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Thursday, 3rd October 2019
MGM Resorts International has reached an agreement to resolve all pending lawsuits regarding the 1 October 2017 shooting in Las Vegas. The total settlement amount is expected to be between $735m and $800m,...
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Thursday, 3rd October 2019
Gambling Commission CEO Neil McArthur has praised the gaming industry’s efforts to enhance player protection in Great Britain. As part of the regulator’s Raising Standards Conference, McArthur...
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Thursday, 3rd October 2019
Once upon a time, Paddy Power, Betfair, Sky Betting & Gaming (SBG), Ladbrokes, Coral, William Hill and Bet365 were all separate companies within the UK market. Today, just two of them remain unmerged....
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Thursday, 3rd October 2019
Horseracing has been informed by British racing's Brexit Steering Group it must begin to make plans for how the sport can continue to operate if a no-deal Brexit occurs. Despite remaining unknown whether...
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Thursday, 3rd October 2019
I won’t lie; the first two things which spring to mind when I think about Las Vegas are The Hangover and Joey’s hand twin in Friends. Both are very different but equally bonkers. In all honesty,...
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Thursday, 3rd October 2019
William Hill has announced a new partnership with the NBA, making it the official sports betting operator of the basketball league. The agreement will permit William Hill the use of official NBA betting...
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