About the Author
Emile Avanessian
Latest articles
Light & Wonder’s Third Quarter Shows Positive Effects of Strategic Focus on Casino Vertical
Senior executives will often brag to investors about “focus,” “leanness,” or “concentrating on the core business.” That’s been the message from Light & Wonder (L&W) this year. In this case, if the company’s Q3 financial results are any indication, the cliché seems refreshingly sincere. At this time last year, Light & Wonder was still known […]
The Las Vegas Grand Prix is Still a Year Away, But Already Hype is Building
Cities like New York, Los Angeles and Miami have plenty of glitz. However, despite their best efforts, Las Vegas is the ultimate playground for conspicuous consumption in the US. That makes it a natural fit for Formula 1 racing. For all the wealth and star power present in professional sports, no league or tournament on […]
Flutter’s Third Quarter Results Highlight the US Success of FanDuel
Flutter Entertainment plc is the world’s largest online gaming operator, with roughly $7 billion in 2021 revenue. Its portfolio of brands includes Paddy Power, Betfair, PokerStars and Sky Bet, among others. However, its crown jewel at the moment seems to be FanDuel, whose presence is powerful both in the US market and on Flutter’s balance sheet. On […]
Las Vegas Sands Gives Up on B2B Online Gambling Ambitions, Shutters Division
It has barely been 18 months since Las Vegas Sands (LVS) belatedly waded into the iGaming waters. Already, it appears to have found those waters frosty and is scrambling back to terra firma. In the process, it may be casting its online gaming investment division adrift. At least, that was the word last week from the […]
Parx Shippensburg to Open in Early 2023 Following Supply-Chain Issues
Pennsylvania gamblers in the Shippensburg area have more waiting to do before they get their local retail gaming location. Parx is in the midst of a $65 million project to transform what used to be a Lowe’s Home Supply store into a mini-casino. However, it has just pushed back its expected opening date for a […]
Fertitta’s Vegas Strip Aspirations Now Include a Stake in Wynn Resorts
One could be forgiven for thinking that the age of the celebrity casino impresario in Las Vegas has passed. The industry has recently lost two such figures, thanks to Steve Wynn’s fall from grace and Sheldon Adelson’s passing. However, it looks like Tilman Fertitta intends to take center stage on the Vegas Strip and the resort-casino […]
Simultaneous Efforts to Regulate Esports Gambling in Nevada and New Jersey
Last month, eight members of Nevada’s eSports Technical Advisory Committee unanimously approved its draft regulations for eSports wagering. The recommended regulations will now go before the Nevada Gaming Control Board (NGCB) and the Nevada Gaming Commission (NGC) for their approval. If both regulatory bodies likewise vote in favor of the proposal, it would amend the […]
The Failed California Sports Betting Effort Cost More Than Just Dollars
“You’ve gotta spend money to make money.” Or so the saying goes. That’s certainly been the mantra of the groups angling to bring legalized sports betting to California. However, it’s now looking like all the money they’ve spent will be for naught. And that has to leave a bad taste in some mouths, given the […]
Six Months in, Ontario’s Privatized Online Gambling Market is Growing Quickly
On October 12, iGaming Ontario (iGO) released its revenue figures for July through September. That period marks the second quarter of operations since the province’s privatized online gambling market launched. As with the first report, covering April to June, iGO hasn’t provided much detail. Unlike various US states, Ontario does not offer a revenue breakdown […]
GameCo Hopes for a Second Chance in the US After Green Jade Merger
On October 10, Las Vegas-based games developer GameCo LLC announced that it has entered into a definitive agreement to merge with Green Jade Games. The combined entity will be known as Green Jade Group. Once the merger is complete, current Green Jade chairman Jesper Kärrbrink will serve as CEO, while current GameCo chair Robert Montgomery […]
