Churchill Downs Q1 Sales Hit Record, Earnings Beat Estimates
Posted on: April 25, 2024, 12:23h. Last updated on: April 25, 2024, 12:23h. Shares of Churchill Downs (NASDAQ: CHDN) jumped 3.74% in after-hours trading Wednesday after the gaming company reported record first-quarter sales and earnings that topped Wall Street estimates. Churchill Downs’ new Terre Haute Casino Resort. New venues are boosting the company’s results. (Image: […]
High Interest Rates Damping Gaming Industry M&A Activity
Posted on: April 24, 2024, 05:06h. Last updated on: April 24, 2024, 05:06h. Entering this year, it was widely expected that the Federal Reserve would pare interest rates from 20-year highs, potentially unleashing a wave of mergers and acquisitions activity in the casino gaming industry, but that scenario hasn’t materialized. The Las Vegas Strip. High […]
Tropicana Implosion Approved by Las Vegas Officials – Casino.org
Posted on: April 24, 2024, 04:33h. Last updated on: April 24, 2024, 04:34h. Corey Levitan Read More Clark County has approved a permit filed by Bally’s Corp. to implode the historic Tropicana Las Vegas. The Rhode Island-based company has until Oct. 20 to drop the Trop. The Boardwalk Hotel & Casino meets its maker on […]
Einhorn Says Greenlight Has New Position In Penn Entertainment
Posted on: April 24, 2024, 03:52h. Last updated on: April 24, 2024, 03:52h. Shares of Penn Entertainment (NASDAQ: PENN) jumped 2.41% today on volume that was 55.7% above the daily average after David Einhorn disclosed that his Greenlight Capital took a “medium sized” stake in the regional casino operator in the first quarter. Greenlight Capital […]
Evolution Accuser Still a Mystery in ‘Black Market’ Defamation Case
Posted on: April 24, 2024, 02:41h. Last updated on: April 24, 2024, 03:03h. Online gaming software giant Evolution AB will have to wait to discover the identity of the author of a report that it claims was defamatory and wiped $3 billion off its market cap. Judge John C Porto, above, has determined that the […]
Evolution Stumbles in Court as Judge Denies Motion against C&K
A recent development in the ongoing legal battle saw the New Jersey Superior Court deny Evolution’s motion to unveil the sponsors of an anonymous 2021 report that damaged the company’s reputation. Judge John C. Porto ruled that the court could not approve Evolution’s request without further evidence, extending the conflict between the two companies. The […]
Ireland: Lawmakers Consider Exception for Ads by Gambling Charities
Similarly to the overhaul of the gambling sector in Great Britain, lawmakers in Ireland are considering significant changes to the gambling regulations. The review of the 2022 Gambling Regulation Bill is expected to protect consumers, while establishing strict rules related to gambling advertising and inducements that licensed casinos and sports betting operators may offer. Wednesday […]
Melco CEO Wants Multi-Trip Visa Between Hengqin and Macau
In 2023, the operator of prominent Macau-based properties like Altira, City of Dreams, Studio City, and Morpheus, Melco Resorts & Entertainment, launched the Studio City phase, thus expanding one of its most lucrative venues counting 900 luxury rooms. Following the ongoing development of the company as well as the industry as a whole in the […]
New Study Unveils the Evolving Habits and Preferences of US Bettors
YouGov, a global research and data analytics firm, has released its highly anticipated US bettor research report, offering comprehensive insights into the behaviors and preferences of American sports bettors. The company is well-renowned for its in-depth studies, offering accurate insights that help various industry stakeholders predict new developments and adapt to user preferences. Trends Highlight […]
Flows Strengthens DragonGaming with No-Code Automation
DragonGaming, a slots provider that seeks to shape the online entertainment realm, has successfully integrated Flows into its business. The critically acclaimed no-code automation platform is expected to greatly enhance the developer’s operational efficiency, allowing it to continue rolling out innovative titles. Flows’ unique capabilities allow it to support businesses by speeding up development and […]