The proposed buyout agreement seeks to address financial pressure on the Australian operator Key points: – Bally’s to invest AU$250m for potential controlling stake – Largest shareholder Bruce Mathieson to contribute AU$50m – Funding aimed at meeting short-term financial commitments Star Entertainment Group is reported to have reached a provisional agreement with US-based Bally’s Corporation,…
Proposed legislation could affect consumer rewards and technology investment, as the state tries to tackle sweepstakes casinos. Key points: – The SPGA highlights that Louisiana’s SB181 could directly relate to airline and hotel loyalty schemes – The bill may influence technology investment and business operations The Social and Promotional Games Association (SPGA) has raised points…
If passed, this landmark bill would allow Turkish Cypriots to enter casinos in North Cyprus for the first time. Key points: Key points: – Cyprus’ coalition Governement has proposed new casino legislation in the North – Cyprus’ coalition Governement has proposed new casino legislation in the North – The proposed bill would allow Turkish…
Operator stocks have taken a significant hit, as the US stock market experienced its worst downturn in years, largely driven by concerns over new tariffs. Key points: – Las Vegas casino operator stocks experienced steep declines (6-11%) on Thursday, exceeding broader market losses, due to concerns over new US tariffs – Wynn Resorts suffered the…
Officials have reminded gaming operators of their obligation to remain impartial during the election period. Key points: – Concessionaires and promoters instructed to uphold political neutrality – Campaign materials banned from all workplace areas, even during breaks – Staff transport for voting allowed, but must remain free of propaganda The Electoral Affairs Commission and the…
Melco Resorts & Entertainment is shifting its strategy. Key points: – Melco to focus on managing gaming operations rather than building new resorts – Shares have fallen 20.6% amid fallout from junket restrictions – Capital spending for 2025 set at $415m, with Macau remaining a priority Melco Resorts & Entertainment has announced a shift in…
The supplier conducted a webcast following an amended complaint filed by Aristocrat. Key points: Key points: – Light & Wonder has provided an update to its ongoing game design litigation case with Aristocrat – Light & Wonder has provided an update to its ongoing game design litigation case with Aristocrat – This action comes following…
The industry veteran steps into a key leadership role. Key points: – David Jacques named Vice President of Table Games Engineering at AGS – Jacques will lead product design, development and technical operations – He brings experience from Light & Wonder and DEQ Systems AGS has announced the appointment of David Jacques as VP of…
The company confirmed its full-year financial results. Key points: Key points: – Intralot announced a 3.4% year-on-year revenue increase, reaching €376.4m ($406.5m) for FY24 – The company’s adjusted EBITDA rose by 1.0%, reflecting its performance in North America Intralot has reported a 3.4% increase in consolidated revenue for the fiscal year ending 31 December 2024. Total…
Marketed as a ‘racing-first UK sportsbook’, the product will include proprietary racing features. Key points: – Metric Gaming has launched a sportsbook in the UK with BetZone – The product will focus on horseracing – Metric Gaming partnered with BetZone last July as they began development on this product Metric Gaming has launched a sportsbook…
