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 […]
Steve Wynn Prevails as Judge Dismisses DOJ to Force Mogul to Register as Foreign Agent
Last week, U.S. District Court Judge James Boasberg dismissed a years-long effort by the Justice Department to force former casino owner Steve Wynn to register as a foreign agent. He did so despite agreeing with aspects of the DOJ’s case and expressing discomfort with his own ruling. For Wynn, the dismissal surely comes as a […]
If Gambling Treatment Courts Return to NY, It Won’t Be as Part of an Online Casino Bill
There’s a lot of support in the US for the idea of gambling treatment diversion courts (GTDCs). Unfortunately, there’s less consensus on how to go about implementing them. One possibility that’s sometimes floated is to put the creation of specialty gambling courts into gambling expansion bills. That’s something that New York lawmakers might take note […]
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 […]
Aristocrat’s Anaxi to Bring US Online Casino Gamblers ‘Buffalo,’ More
Vast bison herds once roamed North America. Now, their likenesses “stampede” down reels in retail casino slots games. Soon, that retail casino “Buffalo” brand may be at the core of US online casino game titles debuting from Aristocrat Leisure‘s new iGaming division by the end of 2022. The Buffalo brand is one of Australian gaming […]
