Latest articles
Will PlayAGS Be Better Off Without Apollo’s Involvement?
Last week, news broke that Apollo Global Management is selling its final 22% stake in American Gaming Systems (AGS), known these days as PlayAGS. For much of the past decade, Apollo was the largest shareholder of the Las Vegas-based AGS and, at one time, its sole owner. For some time now, casinos have served as a […]
A Closer Look at Claudio Fischer and His Las Vegas Ambitions
Events of recent weeks have reminded us that two things are inevitable on the Las Vegas Strip: Ambition and change. On November 13, the Las Vegas Review-Journal reported that Chilean business mogul Claudio Fischer is poised to complete the purchase of ten acres of land on the Strip. It’s a deal nearly three years in […]
Major iGaming States Back to Setting Records After Slow Summer
The year’s final quarter has traditionally been a good one for online casino revenue. So far, it looks like Q4 2022 will be no exception. Regulators released their October online gambling revenue figures late last week. The four largest online casino states – New Jersey, Pennsylvania, Michigan and Connecticut – each posted all-time records for daily average […]
Hacksaw Gaming Chooses West Virginia as Its Jumping-Off Point for the US
Malta-based slot game and scratchcard developer Hacksaw Gaming has its sights set on the US. This week, it announced that it has obtained its first provisional license in the country. Rather than the usual launchpad of New Jersey, it has chosen to get started in West Virginia. Though small, the West Virginia online casino market […]
FanDuel Flywheel to Speed Up, Yield $40.5 Billion GGR in 2030
Getting the FanDuel flywheel going took time, but the online gambling operator’s net gaming revenue increased from $300 million in 2018 to $3 billion in 2022. FanDuel’s leaders said today that with that momentum, they expect the winning streak to result in $40.5 billion in gross gaming revenue (GGR) in 2030. The leaders of the […]
Behind the Scenes of California’s Soon-to-Expire Moratorium on Cardroom Expansion
The 2022 midterm elections have come and gone. They take with them the latest – and most expensive – failed attempt to bring legalized sports betting to California. Voters in the Golden State had potential options. Despite roughly half a billion dollars in advertising, they rejected both emphatically. Unofficial voting results show that Prop 26, […]
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 […]
Former Gambling Industry Attorney Brittnie Watkins Takes Over as NGCB Chair
There’s a new hand on the tiller at the Nevada Gaming Control Board (NGCB). Governor Steve Sisolak’s office announced the resignation of Board chair J. Brin Gibson yesterday. Gibson had informed the Governor of his intentions earlier in the year, but the public announcement was delayed until his departure was imminent. Gibson’s replacement will be Board member Brittnie […]
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 […]
