Industry

Our gambling news this week finds Caesars hemorrhaging cash and looking to sell a casino on the Las Vegas Strip. Possibly, Flamingo Las Vegas. And while most suspected Planet Hollywood would be the property sold, indications are that Caesars will try to find a buyer for the 75 year old property. [embedded content] Howdy friends!
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Kambi Group has announced the agenda for its upcoming Festival of Sportsbook, a week-long online content series that will see Kambi’s global team and a number of external experts inform on a range of sports betting industry topics. The digital event taking place between May 23-27 will feature a series of public sessions, looking at topics including esports,
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Despite record breaking revenue numbers for Nevada and Las Vegas, Caesars Entertainment in hemorrhaging cash. While the company was able to generate $2.3 billion in revenue, which is up from $1.8 billion the year before, their net losses somehow increased from $423 in 2021 to $680 million this year. Part of the reason for the
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iGaming industry content provider Pragmatic Play announced Friday it has contributed €18,000 ($19,000) to two established autism causes as it continues to donate towards significant charitable concerns across the globe.  Back in April, during World Autism Awareness Month, the company supported key programs in both building new facilities and assisting in daily activities.   The company has been
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The sale of the Cosmopolitan Casino in Las Vegas is moving forward, following the Nevada Gaming Control Board unanimously approving the transfer of interest and licensing to MGM. Now, the state Gaming Commission will weigh in on a final approval on May 19th. The Cosmopolitan Casino, in a prime location on the Las Vegas Strip,
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Playtech released Thursday a trading update with ‘very strong’ results for the first four months of 2022, showing an ‘excellent start’ to the current financial year. Adjusted EBITDA for the first three months amounted to over 100 million euros ($106.2 million), and the positive Q1 run rate has continued through April, according to the UK gambling software developer, which noted that the positive performance
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You must check out the Tiki Treasures Megaways online slot! It comes with 6 reels and over 117,000 paylines! Plus, a progressive jackpot! There are also cascading reels, a bonus round and bonus spins, and wild & scatter symbols! [embedded content] Blueprint Gaming has uncovered its latest slot Tiki Treasures Megaways – the first release
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iGaming expert and software provider SOFTSWISS announced on Friday it has partnered with online gaming operator IGUBET by launching two joint projects: a sports betting brand and an affiliate marketing platform. The comprehensive cooperation agreement is set to give the brand “the opportunity to win one of the leading positions in the market,” according to
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Following months of proposals, public hearings, and strong opposition from local residents and officials, Chicago Mayor Lori E. Lightfoot announced Thursday that the City has selected Bally’s Corporation to be the recipient of its sole casino license, and the developer to create a world-class casino-resort and entertainment experience in Chicago on the site of the
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Having just celebrated their 75th Anniversary in November of last year, rumors that the Flamingo Las Vegas will be sold by Caesars for over $1 billion are now swirling. We’ve known that Caesars was looking to sell a Strip property for quite a while now. Here at This Week in Gambling, our suspicion was clearly
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We may never have all 50 states decide to regulate sports betting. But slowly and surely, more and more states are reaping the rewards of legalizing the activity, and Maine is just the latest. It looked like the state was going to pass sports betting legislation a couple of years ago, as both the State
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Sports betting services provider Kambi Group plc has signed a mobile sportsbook agreement with Mohegan Gaming & Entertainment in Ontario, Canada, both parties announced on Tuesday. Kambi will support MGE’s PlayFallsview online mobile sportsbook brand, following the regulated market opening in April. “The Canadian market, and Ontario in particular, is full of potential for Kambi
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This week’s gambling news finds the Las Vegas Palms back up and running! Under new management! And becoming the first Tribal casino in Vegas! Plus, a casino billionaire is buying up land on Las Vegas Boulevard! Plus, two new game reviews just in time for Cinco de Mayo! [embedded content] The Las Vegas Palms is
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The Skulls Gone Wild online slot is a 5 reel game from NetGaming with 10 paylines that celebrates the Mexican festival Día de los Muertos, or Day of the Dead. It comes with Wild Symbols and Re-Spins, and is available to play on your mobile devices. [embedded content] The Skulls Gone Wild online slot celebrates
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With the owner of the Golden Nugget Casino looking to buy a 6 acre parcel on Las Vegas Boulevard, speculation of a new Strip casino has begun. The property is located at the corner of Harmon Avenue across from the City Center. Tilman Fertitta,the Houston billionaire who also owns the NBA’s Rockets, seems to be
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The economic recovery from the Covid pandemic continues for Las Vegas Strip casinos. The Nevada Gaming Control Board has reported March was the 3rd highest monthly gambling revenue ever recorded for resorts up and down the Boulevard, while the state reached it’s 2nd highest revenue figured of all time. Strip casinos hauled in over $745
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