Entertainment and hospitality giant MGM Resorts International is launching a new $2 billion share repurchase program, the company announced on Wednesday. The plan has been authorized by the group’s Board of Directors. “We remain committed to our capital allocation strategy and continue to believe that returning cash to shareholders is a highly productive use of
Industry
The threat from the Omicron variant of the Coronavirus did little to slow down the Vegas revenue record streak. Nevada casinos once again took in over $1 billion in the month of January, marking the 11th consecutive month they’ve done so. A report from the Nevada Gaming Control Board shows that the state won close
iGaming content provider, Pragmatic Play, announced it will be present at the upcoming Gaming and Technology Expo (GAT Expo) in Colombia, which will take place March 15-17 at Conventions Center in Cartagena de Indias. With the company acting as GAT Expo’s platinum sponsor, vice-president of LatAm Operations Victor Arias and part of its localized LatAm
Just two months after the record breaking launch of mobile sports betting, the expansion of New York online gambling into casino games is being proposed in new legislation. Well, that didn’t take long did it?! The political force behind the bill which regulated mobile sports bets, State Senator Joseph Addabbo, is now pushing a new
MGM Resorts International and BetMGM today announced the next evolution of their responsible gaming initiative providing the gaming industry’s most comprehensive tools for both in-person and online gaming to help players make responsible, informed decisions. The announcement comes as MGM Resorts and BetMGM join the National Council on Problem Gambling in promoting Problem Gambling Awareness Month
This week’s gambling news discusses the possibility of California sports betting as voters there may see legislation this fall. Plus, a new poll shows growing support for California sports betting regulation! We also talk about the latest announcement from Caesars Entertainment about one of their Las Vegas casinos! [embedded content] Hello friends, and welcome to
Supplier of online gaming software Bede Gaming has been an integral part of Ontario Lottery and Gaming Corporation’s growth since its transition to the platform in 2020, the company said on Thursday. The platform acted as an “essential facilitator” to the significant improvements experienced by the Canadian crown agency in its digital performance, with gaming revenue
iGaming content provider Pragmatic Play is releasing its latest title, Extra Juicy Megaways, the company announced on Thursday. The new game, which Pragmatic describes as a “fruity fiesta” and a “colorful creation,” acts as a sequel to the provider’s fruits-themed hit Extra Juicy, while adding the Megaways mechanic. The new upgraded version of the game
There were just over 35 million transactions for betting on the Super Bowl last year. In 2022, that number more than doubled to just north of 80 million. This according to GeoComply, the company providing geolocation services for the industry. What a difference a year makes, huh? Yes, there were restrictions from the pandemic still
California’s Supreme Court on Wednesday refused to block a November ballot measure sponsored by four tribes that would expand gambling at tribal casinos by allowing in-person wagering at tribal casinos and four horse racing tracks, as well as roulette and dice games. It is the only initiative to qualify so far with more than 1.5
We get an first-hand look at the beautiful new Monopoly Lunar New Year slot machine, combining all the elements of Scientific Games beloved Monopoly slot brand with the popular Asian themes so many players enjoy! We speak with Phil Gerber, Vice President of Sales and Marketing at Scientific, about game play and game mechanics! [embedded
Century Casinos‘ Canadian subsidiaries operating horse racetracks, doing business as Century Downs Racetrack and Casino (CDR) and Century Mile Racetrack and Casino (CMR), have partnered with Betmakers’ Global Racing Network for the distribution of their racing content as well as the facilitation of fixed odds wagering on the two racetracks’ thoroughbred and standardbred horse races.
Should the people get what the people want? If so, California sports betting could become a real thing! The University of California’s Berkeley Institute of Governmental Studies recently collaborated with the Los Angeles Times to find out what citizens really wanted when it comes to betting on sports. The results? Nearly half support it’s regulation
Super Group (SGHC), the parent company of Betway and Spin, on Wednesday provided full-year 2021 preliminary results, with net gaming revenue in excess of $1,520 million, representing an increase of nearly 36% from the prior-year period. Full-year 2021 EBITDA is expected to be above $350 million. The company said this performance in NGR and EBITDA
Anyone waiting for Oklahoma sports betting just got a ray hope last week. A bill to bring the activity passed from a House Committee recently, and aims to legalize wagers on sporting events at state tribal casinos. This proposed legislation, House Bill 3008, stops short of regulating mobile betting. All transactions would be required to
B2B iGaming tech provider EveryMatrix has shared on Wednesday its financial results for the fourth-quarter and full-year 2021. The company describes its performance for the periods as “strong,” with EBITDA for the full past year growing 65% to €19.7 million ($22.2 million). Meanwhile, EBITDA for Q4 amounted to €4.4 million ($4.9 million), a 23% increase.
We’ve reported on the big changes coming to the Las Vegas Strip over the past few weeks, and now you can add another name to that list of casinos. We just don’t know what that will be yet. The Chief Executive Officer of Caesars Entertainment, Tom Reeg, recently confirmed that the company is looking to
The president of Macau’s Legislative Assembly said the 33-member chamber will contribute to the “healthy and orderly” development of the gaming industry. The statement comes as the legislative body works on the amendment to the city’s gaming law, and he expressed confidence that the deliberation could be completed as scheduled “before June,” the date on
This week’s gambling news focuses on the record breaking revenue generated by the US gambling market, both this year and last year! Plus, the huge profits already being generated from sports betting in America are attracting all sorts! [embedded content] Hello friends, and welcome to This Week in Gambling, where this week’s big stories are
SBC Summit Latinoamérica has announced it will return to Florida on November 1-3, 2022. The gaming conference and tradeshow will take place at the Seminole Hard Rock Hotel & Casino Hollywood for its second edition. The event will bring together executives and product specialists from sports betting, iGaming, as well as land-based casino and lottery
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