In Macau and the firm behind the $1.6 billion, The 13 hotel, has reportedly announced the signing of an agreement that could eventually see it offload a 60% stake in the luxury venue in exchange for a consideration worth a little over $153.18 million. According to a report from GGRAsia, Hong Kong-listed South Shore Holdings … Read more
South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for July showing that it experienced a 19.1% increase year-on-year in aggregated gross gaming revenues to approximately $61.07 million. According to a Monday report, the Seoul-listed firm is responsible for four foreigner-only facilities spread across the Asian nation and used an official … Read more
Malta-based online casino content developer and supplier Green Jade Games has been granted a B2B license by the Malta Gaming Authority, news emerged today. Green Jade Games’ newly obtained license will enable the company to supply its products to Malta-licensed online gambling operators that provide their services in regulated markets across Europe and beyond the … Read more
Italian gambling company Newgioco Group, Inc. has revealed plans to expand across its domestic market and to tap into the recently liberalized US sports betting market. The group’s operations extend into both the B2B and B2C gambling sectors. Italy has been its primary focus, but last year’s strikedown of a long-standing ban on the sports … Read more
The hotly anticipated credit card by Apple and Goldman Sachs is days away from launch but those who planned to use it to gamble or buy bitcoin or other cryptocurrencies just got some very bad news. Goldman published on Friday the credit card customer agreement that lists the restrictions on transactions that have been described … Read more
Global Gaming returned to Sweden nearly two months after its local license was revoked for serious deficiencies in its anti-money laundering and KYC practices. The company announced last month a partnership with Scandinavian online gambling content and platform provider Finnplay. The first product of that partnership went live earlier today in Sweden. The two companies … Read more
In Japan and the organization that represents business entrepreneurs in the southern city of Sasebo has reportedly announced that it will be stepping up efforts from next month to help the small community secure one of the nation’s trio of coming integrated casino resort licenses. Allied effort: According to a report, the Sasebo Chamber of … Read more
MGM Resorts International (NYSE:MGM) could command $6 billion to $7 billion, before taxes, if it sells the Bellagio and MGM Grand on the Las Vegas Strip, according to Macquarie analyst Chad Beynon. News broke last week that MGM, the largest operator on the Strip, is considering selling those two venerable Sin City properties in sale-leaseback … Read more
Online gambling technology powerhouse Playtech today announced a long-term deal with Portuguese casino operator CasinoSolverde.pt. The recently landed agreement would increase Playtech’s presence in the regulated online gambling market of Portugal and would provide the technology and content supplier with greater exposure through its work with one of the major players in the local gaming … Read more
Penn National Gaming said Wednesday it landed agreements with some of the biggest names in online gaming and sports betting, such as DraftKings, covering over 16 states, including some where neither online casinos nor sports wagering are currently legal. In addition to DraftKings, Penn National is partnering with PointsBet, theScore and The Stars Group for … Read more