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As Retail Casinos Stagnate, Online Gambling Isn’t Just Growing—It’s Accelerating: AGA

November 28, 2024 | By: Chav Vasilev

According to a new American Gaming Association (AGA) report, US gamblers are shifting toward sports betting and online casinos and turning away from traditional retail casinos. The AGA’s latest Commercial Gaming Revenue Tracker report shows traditional casino gross gaming revenue declined by 0.9% in Q3. Meanwhile, sports betting revenue grew by 42.4%, and online casinos […]

Galaxy Gaming Shareholders Approve Sale to Evolution, Deal to Close in Mid 2025

November 14, 2024 | By: Chav Vasilev

Galaxy Gaming shareholders have approved Evolution’s acquisition of the company. The Las Vegas-based company holds patents for numerous casino table games and side bets, some of which Evolution has licensed for its live dealer products. Pending regulatory approvals, the transaction is forecasted to close in mid-2025. Evolution announced plans to buy Galaxy Gaming for $85 […]

BetMGM Spending $750 Million to Gain New Online Gamblers

October 18, 2024 | By: Heather Fletcher

BetMGM co-owner Entain‘s leaders say the brand will spend $750 million in 2024 to acquire new online gamblers. Entain officials said on Oct. 17 that the “new player acquisition” outlay will help with its strategy to grow BetMGM’s US market share in 2025. What that may mean for online casino bettors is more attractive promotions […]

EveryMatrix Acquires Slot Developer Fantasma Games as Part of US-Oriented Expansion Strategy

October 17, 2024 | By: Chav Vasilev

Content aggregator EveryMatrix is set to acquire Swedish slot developer Fantasma Games for the equivalent of $20 million (SEK 209.8 million), following a vote in which over 95% of Fantasma shareholders agreed to the transaction. EveryMatrix’s platform offers over 29,000 games from over 350 third-party developers and its in-house game development wing, Armadillo Studios. It […]

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