Author: OnlineGamblingDaily

Gaming and hospitality giant Caesars Entertainment Inc. is allegedly seeking a buyer for its Flamingo casino in Las Vegas at a price of more than $1 billion, according to Bloomberg. However, some buyers would have thus far passed on the transaction given the casino’s age, according to reports. The casino has been reportedly offered to private equity firms and other operators, some of whom have been reluctant to buy an older property that needs “a lot of maintenance.” Additionally, another issue brought up in Bloomberg’s report is that Flamingo could potentially lose a lot of business when separated from the…

SCCG Management, a sports betting and gaming consultancy, announced the addition of Matt Di Giorgio as Director of Talent Recruitment for the company, as confirmed by Stephen Crystal, Founder and CEO. In this role, Di Giorgio will be leading the firm’s practice in the category of Gaming Talent Recruitment. Di Giorgio will be primarily focused on executive searches at VP level and above, whether that be in the product, marketing, IT, finance, or HR disciplines. He will oversee all projects personally, “with the support of an established research team and all the latest candidate attraction tools and technologies,” the company stated.…

In 2019, Delaware North’s Southland Casino Racing began construction of a $320 million casino expansion project. After years of planning, Arkansas Gov. Asa Hutchinson was present on Tuesday at the opening of its revamped casino floor, a key part of the millionaire endeavor. The expanded 113,000 square feet casino, features an ambiance that mirrors a Las-Vegas style casino, with more than 2,400 gaming machines, 50 live table games, sports betting, new dining and restaurant options, and a new 1,400-space covered parking garage. Rendering for the completed expansion process “The newly expanded Southland Casino Hotel represents a transformative, new age in…

 May 5, 2022 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 on Planet Hollywood as the most likely casino to go. And it looks as if Caesars agreed with us, right up until they realized it had theater they could use to host concerts. Attention then shifted back to Flamingo Las Vegas as…

Sports betting and gaming giant Flutter Entertainment has shared a trading update for the first quarter of the year. The business delivered a 15% year-on-year increase in average monthly players to 8.5 million and a group-wide revenue increase of 6% to £1.6 billion ($2 billion). Both sports revenue and gaming revenue were up: by 4% to £930 million ($1.2 billion) and by 8% to £636 million ($796.9 million) respectively. “Flutter delivered a positive Q1 performance with revenue growth of 6%,” commented CEO Peter Jackson. “The quarter saw us launch our new global sustainability strategy, the Positive Impact Plan, aligning commercial…

The Alcohol and Gaming Commission of Ontario (AGCO) announced Tuesday it has served BetMGM Canada and PointsBet Canada, two AGCO-registered internet gaming operators, with Notices of Monetary Penalty for alleged infractions of the Registrar’s Standards for Internet Gaming, pertaining to advertising and inducements, “in order to protect the public interest and ensure Ontario’s igaming market operates responsibly and with integrity”.  The Standards include clear restrictions on the advertising of inducements, bonuses or credits, except when they are on an operator’s site, or through direct advertising and marketing issued after receiving active player consent (Standard 2.05).  They also require that all…

After a 0.3% rise in March, with an increase of 2.45 points from February, the AGEM Index published Wednesday its numbers for April 2022, which saw a decline by 92.98 points to 862.42, marking a 9.7% decrease from the prior month. Compared to one year ago, the index added 3.99 points for an annual growth rate of 0.5%. During the latest reporting period, eleven of the AGEM Index companies delivered tock price declines, with only one company posting an increase. As a result, all twelve companies in the AGEM Index posted negative contributions to the overall index, ending a three-month period of upward growth. The largest negative contributor to…

Recently reopened Palms Casino Resort in Las Vegas is bringing AGS’ Bonus Spin Xtreme to nearly 40 table games on the venue’s casino floor, the gaming machines manufacturer and operator announced on Tuesday. It marks the largest BSX installation to date. BSX is a proprietary technology that can link all table games within a casino, even if those games have disparate math models, explains AGS. The feature aims to provide faster incrementing and larger progressive jackpots, rising to the challenge of offering a single jackpot on community-style table games. The technology is now available on 39 total table games at…

Chicago Mayor Lori Lightfoot on Tuesday denied reports from multiple news outlets that alleged that the city has chosen Bally’s proposal at the Chicago Tribune printing site to become Chicago’s first casino. She said the special committee tasked with evaluating all three casino bids has not yet completed its work. Bally’s $2 billion project, which is a finalist bid along with two other proposals by Hard Rock and Rush Street Gaming’s Rivers 78, is the frontrunner for the city’s casino according to reports from the Chicago Sun-Times, Chicago Tribune and Crain’s. All cite sources saying an announcement could come soon.…

UK gambling standards body Betting and Gaming Council (BGC) delivered the inaugural Gambling Anti-Money Laundering Group (GAMLG) Training Day on Monday April 25. The objective of the Group is to reduce money laundering risks within the sector and to promulgate best practice amongst operators. While gambling is rated as low risk in the Government’s National Risk Assessment, the industry seeks to drive up standards and encourage best practice across its membership to keep crime out of gambling. The focus of the day was to share best practice and discuss topical issues for the gambling sector in the Anti-Money Laundering and…

Brazil continues to be the talk of the gaming sector, not only because the possibility of approving a comprehensive gaming law in the Senate in 2022 is still far off, but also because a decree that will regulate sports betting at a local level is expected to be published next week. According to a report by Games Magazine Brasil (GMB), the Ministry of Economy is expected to announce this week Iuri Ribeiro Castro as the successor of Waldir Eustáquio Marques Júnior, who will leave his position as head of the Undersecretary of Awards and Sweepstakes. Castro has extensive experience in…

Technology provider for the gaming and entertainment industry Win Systems announced Monday the installation of its Huo Long Roulette at Casino Divonne, one of the casinos of Groupe Partouche, in the French town of Divonne-les-Bains.  The casino, located close to the Swiss border, is one of the most renowned in the French market and stands out especially for its table games offer, a press release says. “It is precisely the aim to continue being a benchmark in table games that has motivated the operator’s commitment to the spectacular Huo Long, in collaboration with Casino Advanced Technology, the distributor of Win Systems’ gaming…

Buenos Aires-based game design and development studio Neko Games announced this week the release date of the new title “Immortal Romance Video Bingo”, which will be launched on May 9th through the Quickfire platform. “Immortal Romance is an industry icon that still captivates players a decade after its release. We’re incredibly excited for players to discover the latest chapter in the timeless story and join us in celebrating its 10-year anniversary” said Sebastian Perrier, co-founder of Neko Games. With Immortal Romance Video Bingo, players are once more invited to get lost in a dark tale of forbidden love and intrigue…

During the month of April, ICE London successfully gathered the international gambling industry at large following a 26-month hiatus. The event saw high attendance levels and favorable reception from participating companies, among them online gaming content supplier CT Interactive. In an exclusive interview with Yogonet, Lachezar Petrov, CEO of CT Interactive shared an assessment of the company’s presence at ICE London. He also spoke about the positive impact that its parent company, Telematic Interactive Bulgaria AD, going public has had, being the first gaming company in Bulgaria to do so. Finally, he shared insights on the growth of iGaming worldwide and how the…

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 Senate and House passed legislation to do so. That bill was sent to the Governor, who vetoed the measure in a somewhat surprising move. This time around was different. This new bid to regulate sports betting in Maine gives the states Native American tribes exclusivity…

The Michigan Gaming Control Board announced Monday the addition of fantasy contest operator license applications to its official website. The agency may now issue two types of licenses. An operator license is needed to conduct or offer fantasy contests for play, and a management company licensee handles the day-to-day fantasy contest operations for an operator. In an official statement released by the Board, MGCB executive director, Henry Williams, said: “Licensing is a key step in fulfilling the requirements established by Michigan’s Fantasy Contests Consumer Protection Act. I urge operators to file soon for licensing so current operators can continue to…