Create a free account and get 3 ads.
North Korea presents a unique opportunity for bold investors willing to take on a challenging project. The government has announced that it may grant casino rights inside the iconic yet unfinished Ryugyong Hotel in Pyongyang. However, to secure these rights, the investor must complete the interior construction of the hotel, which has remained under construction…
Ewings, the company behind the popular lottery operator Mahzooz, is gearing up for “exciting new ventures” after unexpectedly missing out on the United Arab Emirates’ first national lottery license. On July 28, the General Commercial Gaming Regulatory Authority (GCGRA) awarded the highly sought-after licence to The Game LLC, a relatively unknown entity that has yet…
Established in September 2023, the GCGRA is tasked with overseeing gaming regulations across the Emirates. Initially, only chairman Jim Murren and chief executive Kevin Mullally were publicly known as part of the regulatory body. However, with the launch of its website, the GCGRA has now confirmed its full board of directors and C-level executives, providing…
The sports betting industry in France has experienced substantial growth, with a remarkable 24% increase in wagers during the first half of 2024. According to the latest data from the Autorité Nationale des Jeux (ANJ), French bettors placed a staggering €5bn (£4.2bn/$5.4bn) on sports events, highlighting a thriving market despite certain challenges. France recorded €5.2bn…
Recent rumors have sparked speculation about Boyd Gaming’s intentions to acquire Penn Entertainment. Despite no official comment from Penn, a Reuters report in June suggested that Boyd Gaming had made a $9 billion acquisition offer. Another report indicated a possible partnership between Boyd and Flutter to facilitate the deal. This situation mirrors the 2019 merger…
Boyd Gaming has stirred the industry with discussions of potential mergers and acquisitions (M&A), highlighted during its post-Q2 earnings call. Speculations have emerged regarding a joint bid with Flutter Entertainment for Penn Interactive. Although both Boyd and Flutter have kept their cards close to their chest, the strategic division would see Boyd acquire the brick-and-mortar…
Bert Neff, who received a text from former Alabama baseball coach Brad Bohanan stating that Alabama had pulled its starting pitcher, walked into an MGM casino in Ohio on April 28, 2023, and attempted to place a $100,000 bet based on the information. This action set off a chain of events that would ultimately lead…
Kindred has proudly announced robust Q2 results, showcasing a 7% year-on-year revenue increase to £327.6 million. Excluding its North American operations, which were finalized in Q2, the revenue growth stood at an impressive 8%. This success underscores Kindred’s strategic focus on key markets, leading to a substantial uplift in their financial performance. Kindred’s underlying EBITDA…
CEOs from prominent operators, including Bet365, Flutter, Entain, Evoke, Kindred, and Betsson, have expressed concern that tighter regulations in Europe are fueling black market gambling across the continent. The 2024 Sustainability Report from the European Gaming and Betting Association (EGBA) highlights a call from these CEOs for a more balanced approach to controls on licensed…
Denmark’s regulator, Spillemyndigheden, is collaborating with the country’s consumer ombudsman and the Gambling Advertising Board (Spilreklamenævnet) to ensure that gambling operators comply with local marketing regulations. This alliance aims to safeguard consumer interests by enhancing the enforcement of advertising standards within the gambling industry. Spilreklamenævnet, established in 2021 to address consumer complaints, plays a pivotal…
