Financial

- May 18, 2015 By Oliver Young -

After rumors in the media this past weekend, British based gambling operator 888 Holdings confirmed that they made a bit to acquire Bwin Party Digital Entertainment, a rival virtual gambling group. The company published a press release on Monday, May 18, 2015 confirming their interest in the group. 888 Holdings now joined GVC Holdings in […] Continue Reading

- May 4, 2015 By Samantha A. -

The Riviera Casino has been on the strip for over 60 years and continued to go strong when it came to making the most of their services and what they provide their players with. However, a recent turn of events have them closing their doors. This is a big shock to all of those that […] Continue Reading

- April 27, 2015 By Oliver Young -

According to the popular Sunday Times Rich List, the United Kingdom has 117 new billionaires, which is 13 more than the 104 of last year. However, the fact that despite the many economic struggles during the previous year there are more and more rich people in the UK is overshadowed by the fact that the […] Continue Reading

- April 13, 2015 By Samantha A. -

Riverboat casinos in Indiana would be permitted to move inland, under a state Senate approved bill. Marketing for casinos receive a tax break with this bill, as well. The bill was passed 36-13. A possible deal breaker for the House, is the delay in live dealers for five years. The House had previously passed a […] Continue Reading

- April 1, 2015 By Oliver Young -

The reputable financial services firm Morgan Stanley has cut its estimate of the potential American iGaming market by almost half. When Internet gambling was legalised in the United States Morgan Stanley made initial estimate of $8 billion by 2020. Last year the company lowered those expectations and changed them to $5 billion; however, this year […] Continue Reading

- March 31, 2015 By Samantha A. -

MGM, a company based out of Nevada, held a ceremony in celebration of the 1,000th hired construction worker. MGM National Harbor Casino in Maryland, is set to open their doors in 2016. There is great progress being accomplished, with the amount of construction workers employed. This project is costing approximately $1.2 billion. Larry Hogan, Gov. […] Continue Reading

- March 23, 2015 By Samantha A. -

For two consecutive years, Maine casinos have suffered great loss in slot revenue. By the end of 2013, the gambling industry revealed they were scrabbling for purchase after a $100 million dollar loss, this past year, they lost approximately half of that. It appears that gambling on slot machines is not as popular as it […] Continue Reading

- March 23, 2015 By Oliver Young -

Optimal Payments Plc, a London stock exchange listed company, announced that it is buying the Skrill Group for an enterprise value of $1.2 billion (about €1.1 billion). Skrill Group is the maker of one of the most popular casino payment methods – the Skrill e-wallet. This wallet is also considered to be the biggest competitor […] Continue Reading

- March 19, 2015 By Nemanja L. -

Philippines’ hopes of establishing themselves as one of the largest gaming hubs in the world have suffered a major boost as the nation’s biggest casino announced huge profits in 2014. Bloomberry Resorts, the parent company of the Solaire Resort and Casino, revealed that revenues in 2014 doubled to PHP 24,122 billion ($536 million) from 2013, […] Continue Reading

- March 12, 2015 By Nemanja L. -

The online gaming market in Denmark has continued its steady growth, with the country’s gaming regulator Spillemyndigheden reporting a 20% increase in 2014. At the same time, the offline operators have started to see minor decline in revenue, as online gambling websites are clearly biting into their profits. Ever since Denmark regulated its online gambling […] Continue Reading