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WynnBet’s 2023 Losses Include $94.5M Write-Off for Intangible Brand Devaluation
Wynn Resorts reported a $276.6 million loss for its Interactive Division in 2023, roughly one-third of which comes from a drop in the assessed value of the division itself. The company’s Q4 and year-end 2023 results show a $94.5 million write-off for “goodwill impairment and intangible assets.” In finance speak, “goodwill and intangible assets” equates to what the […]
West Virginia Online Poker Launch Delayed, Still Anticipated Some Time in 2024
The West Virginia Lottery appears to have given up on the prospect of an online poker launch within the first quarter of 2024 but remains hopeful for the prospects later in the year. The Lottery’s Executive Director, John Myers, told our colleagues at PlayWV as much earlier this week. The Lottery regulates all online gambling sites in the […]
Virginia Legislators Consider Two Potential Paths to Skill Gaming Regulation
The 2024 legislative session in Virginia has seen not one but two bills introduced with the aim of legalizing and regulating skill game machines, each with the potential to shape the state’s gambling future. The machines in question resemble slots but include a nominal element of skill to avoid being legally classified as gambling devices. […]
Penn’s Shift in Interactive Branding & Strategy Means a Change in Leadership
As ESPN Bet tests its brand power against more established competition in the US sports betting market, its owner, Penn Entertainment, has announced changes in the leadership of its Interactive division. In addition to ESPN Bet, Penn Interactive is responsible for operating Hollywood Online Casino in the US and theScore Bet in Canada. The Levy family, […]
Evolution Reports Profitable Q4 But North American Growth Isn’t Keeping Pace With Market
Casino content supplier Evolution continues to be profitable and to grow its international business, but there are signs that its stranglehold on the North American live dealer market is slipping. The company’s latest financial filing shows over €475 million ($510 million) in revenue in Q4 2023, an increase of 16.6% year over year. However, revenue […]
Hacksaw on Hard Rock—New Slots Available at New Jersey Online Casino
Hard Rock Digital has added another game supplier for its Hard Rock Bet online casino in New Jersey, giving its players access to slots by the Malta-based Hacksaw Gaming. Some of the new titles that are already available include: Chaos Crew (shown right) Mines Ommon Boxes Other Hacksaw slots that will likely be available later on […]
BetMGM & X—Social Media Platform Reportedly Strikes Deal to Promote Betting Odds
BetMGM has reportedly partnered with X (formerly Twitter) to deliver sports betting stats to the social media platform, in what would be a first for the gambling industry. According to Fortune, the deal will include X adding a new feature allowing users to see live betting odds and a direct link to BetMGM Sportsbook to […]
Tropicana Las Vegas To Be Demolished for Oakland A’s Ballpark and Bally’s Resort
The iconic Tropicana Hotel and Casino in Las Vegas will permanently close on April 2, just days before its 67th anniversary. The resort’s days were numbered due to a deal its owner, Bally’s Corp., struck with the Athletics (A’s) baseball team to build its new 33,000-person ballpark at the site. The demolition phase will take about a year, […]
Who Spends the Most on Gambling? — High-Income Millennials Dominate US Market, Says TransUnion Study
Despite a dip in overall betting activity, high-income millennials dominated US gambling spend as 2023 came to an end. However, according to TransUnion’s (TU) latest US Gaming Report, rising debt and the return of student loan payments could indicate coming headwinds. “We continue to see the relationship between consumer liquidity and the industry,” Declan Raines, […]
Michigan WynnBet Casino Remains Open But ‘Under Review,’ As Massachusetts Online Sportsbook May Shut Down
WynnBet is leaving Massachusetts, but its last remaining online casino site will stay open in Michigan, at least for the time being. WynnBet Casino’s operations in Michigan remain “under review,” a company representative told Bonus. That statement comes as the online gambling operator plans to finalize WynnBet Sportsbook‘s exit from Massachusetts online sports betting on Feb. […]
