Latest articles
Bright Lights, Day or Night: Times Square or Its New York Retail Casino Suitor, Caesars?
Times Square is loud, crowded, and always full of bright lights, day or night. Land-based casinos can be, too. Perhaps that’s why Las Vegas-based Caesars Entertainment is louder about its proposal for a Times Square casino than many in the crowded line of New York retail casino hopefuls vying for three new downstate licenses. Even […]
Just When It Seemed Entain Financial News Would Pause, a $1B Loan
As others in the US online gambling industry shrink away from financial gambles, Entain is embracing them. Six days after its Q3 2022 trading update, the company that’s best known as half of BetMGM‘s ownership team announced today that it secured a $1 billion loan. The term loan will fund Isle of Man-based Entain’s acquisition […]
Fall Brings the Expected Boost to Online Gambling Revenue, but Less Than Last Year
There has been a consistent theme to 2022 online gambling revenue updates. While US markets continue to grow, that growth is now slower than it has been in recent years. September gross gaming revenue (GGR) figures for the three major online gambling states – NJ, PA and MI – highlight this trend. In 2021, their […]
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 […]
Economic Whiplash May Further Postpone US FanDuel IPO
“Whiplash” is one way to define recent market fluctuations. It’s also how investors hoping to buy shares in FanDuel may feel. Those investors have been waiting since March 2021 for FanDuel to navigate all the obstacles to its planned US IPO. The last of those challenges seemed to have been a dispute between FanDuel’s primary […]
Complaint Filed By Parx Casino Alleges Competitor Engaged In Unfair Competition
The casino space is highly competitive. Gambling operators compete not only against their regulated compatriots but also against a mix of offshore black market and domestic gray market competitors. Earlier this month, Greenwood Gaming and Entertainment – which owns Parx Casino and BetParx – filed suit against Pace O-Matic (POM) and Miele Manufacturing. It alleges that the defendants […]
Light & Wonder Gets Into the Customer Loyalty Business With House Advantage Acquisition
One would imagine that “commitment”, “evolution” and “focus” are frequently-uttered words around the executive offices of Light & Wonder, Inc. (L&W) these days. On October 6, the Las Vegas-based omnichannel casino supplier announced the acquisition of “substantially all of the assets” of House Advantage, LLC. It paid an undisclosed sum in an all-cash deal for […]
PGCB Diversity Report Highlights Continued Gender Inequality at PA Casinos
On September 30, the Pennsylvania Gaming Control Board (PGCB) released its 15th annual Diversity Report. The 2021-22 report, required under 2004’s Pennsylvania Race Horse Development and Gaming Act, examines the racial and gender diversity among those employed at Pennsylvania’s casinos. The number of casinos has grown to 16 this year (with the addition of Hollywood […]
Wall Street Consensus: US Online Casino Has a Bright Future
Speaking to Wall Street analysts yesterday about US online casino legalization’s future, Entain CEO Jette Nygaard-Andersen came up with a catchy phrase to sum up the near-term outlook. The leader of Isle of Man-based Entain, which runs BetMGM in a joint venture with Las Vegas-headquartered MGM Resorts International, did so while answering a question. Asked about […]
Does Fertitta Entertainment’s New Strip Resort Represent a New Direction for the Company?
On October 6, the Las Vegas Review-Journal reported that Tilman Fertitta has filed plans with the Clark County Commission to add another major resort to the Las Vegas Strip. According to County records, the proposed project is a 43-story, 2,420-room hotel-casino that will feature villas, convention space, a spa, auto showroom and a 2,000-plus seat […]
