Latest articles
Federal Trade Commission’s Pursuit of MGM Resorts International May Become a Partisan Political Issue
Federal Republican lawmakers have attached conditions to the Federal Trade Commission’s (FTC) funding that would make it impossible to continue its investigation of MGM Resorts International. The FTC has been seeking to investigate MGM for potential compliance failures related to its handling of customer data during last year’s cyberattacks. Their Democrat peers on the House Appropriations Committee proposed […]
IGT & Everi Merger to Proceed Under New Terms With Cash Buyout
IGT Gaming and Everi, two of the most prolific slots brands on US casino floors, are poised to unite under one roof in a deal brokered by Apollo Global Management. Apollo, or rather funds managed by its affiliates, will create a new holding company to serve as the parent for both businesses. The two companies announced their […]
Bally’s Agrees to Takeover by Standard General Valuing Enterprise at $4.6 Billion
Bally’s Corporation has agreed to a merger with its largest shareholder, Standard General, in a deal that assesses the gambling operator’s enterprise value at $4.6 billion. Standard General, which already owns about 23% of Bally’s, will pay $18.25 per share for the rest of the company. Stockholders not wishing to sell at that price can roll their shares over for […]
New Entain CEO Gavin Isaacs Expected to Help BetMGM Win in America
New Entain CEO Gavin Isaacs is expected to help turn the company’s performance around, including gaining market share for the online gambling giant’s US joint venture, BetMGM. On Sept. 2, the board chairman at iGaming content supplier Games Global begins work at Entain. Entain appointing Isaacs appears to show the half-owner of BetMGM wants to regain […]
Evolution Acquires Portfolio of Popular Side Bet Patents With Galaxy Gaming Purchase
Evolution has announced a deal to acquire table game designer Galaxy Gaming for $85 million in cash, bringing in-house a number of patented side bets it previously had to license. Las Vegas-based Galaxy Gaming is best known for its 21+3 blackjack side bet, which is now licensed in 131 regulatory jurisdictions around the world, including 28 […]
Record Crazy Time Payout Puts a Dent in Evolution’s Mid-Year Financial Results
In June, Evolution’s live dealer gameshow Crazy Time hit a payout so huge that it all but wrecked the company’s H1 2024 profitability. The top prizes for casino games can be life-changing for players, and the need to pay out a jackpot sometimes shows up in a smaller operator’s state-level revenue reports. However, a prize so […]
Free Play Debunked: Player Experience Wins Out in Face of Lower Promotional Spending
Despite the gambling industry’s near-religious reliance on free-play bonus offers, new evidence affirms that other factors like amenities and ambiance might be more important to customer retention in a retail casino environment. One recent study found that reducing or even eliminating free-play offers had little impact on retail gamblers’ behavior. A similar discussion is underway […]
Nassau Coliseum—Lawmakers Say Transfer to LVS is for Entertainment Venue, Not Casino Plans
Nassau County Legislature Rules Committee members didn’t want to hear the word “casino” from members of the public who commented before the body voted 5-1 on July 22 to transfer the lease of land surrounding the Nassau Coliseum to Las Vegas Sands (LVS). That’s because the vote was about LVS continuing to operate the New […]
BetMGM, Retail Casinos Among Businesses Affected by CrowdStrike Windows Glitch
BetMGM has been offline since about midnight due to a widespread technology outage caused by a faulty CrowdStrike update. The problem is far bigger than one gambling site, however. The buggy code sent to Microsoft Windows workstations has knocked businesses and institutions offline worldwide—including other brick-and-mortar and online gambling providers. By noon ET on July […]
Bet365—Is It Time for the European Sports Betting Giant to Make a Move in the US?
Bet365 is the undisputed top dog of sports betting in the United Kingdom, but you wouldn’t know that just by looking at its US presence. For most of the short history of US sports betting, it has stayed quietly in the back seat, allowing the likes of DraftKings, FanDuel, and BetMGM to shovel money on the marketing bonfire […]
