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Online casino games developer Games Global files for a $100 million US IPO

Games Global, a global developer and distributor of online casino-style games, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The company develops, distributes, and markets casino-style gaming content, and provides B2B solutions to online gaming operators. Games Global works with 40 in-house and partnered…
Software
TipRanks

Gambling.com (NASDAQ:GAMB): A Strong Bet in the Online Gaming Market

The thriving online gambling industry, especially in the U.S., holds immense potential for expansion. With its recently robust financial performance, Gambling.com (NASDAQ:GAMB) has shown it is in an excellent position to leverage these opportunities. The stock is worth serious consideration for growth investors looking at players in the gambling…
Industry
Gambling.com (NASDAQ:GAMB): A Strong Bet in the Online Gaming Market
Wild Casino
Evening Standard

Gambling software firm Playtech says biggest client is refusing to pay

Playtech said it should still be able to recover the funds through the courts Gambling software firm Playtech says its biggest client, Mexican bookie Caliplay, has refused to pay for its services amid a long-running legal dispute (Alamy/PA) Gambling software firm Playtech says its biggest client, Mexican gambling site Caliplay, has refused to pay…
Finance
Gambling software firm Playtech says biggest client is refusing to pay
The Nevada Independent

Indy Gaming: Bally’s may go private to deal with debt. Will it affect Vegas stadium?

The chairman of Bally's Corp. wants to take the casino company private. What could this mean for the A's stadium given its involvement? Also, a Laughlin casino is facing a $500000 fine from gaming regulators after members of its security team roughed up an employee and customer. Meanwhile, wagering in March Madness could top $2.7 billion…
Incidents
Indy Gaming: Bally’s may go private to deal with debt. Will it affect Vegas stadium?
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The Nevada Independent

Indy Gaming: Red Rock’s long-stalled tribal casino deal near Fresno moving forward

Approval from Indian gaming regulators allows the central California project to start construction nearly two decades after the initial agreement was signed. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate…
Industry
Indy Gaming: Red Rock’s long-stalled tribal casino deal near Fresno moving forward
The Nevada Independent

Supply chain issues snarling slot machines’ path to casinos

When the books are closed for 2022, Nevada's gaming equipment suppliers expect to have delivered more than 13700 new slot machines to roughly 30 North American gaming projects, including new casino properties and expansions to existing casino floors. But only if the supply chain cooperates. In the past few months, casino operators and gaming…
Industry
Supply chain issues snarling slot machines’ path to casinos
The Nevada Independent

Indy Gaming: Despite losses, Mohegan Gaming not walking away from Vegas casino

The off-Strip casino saw a 42 percent revenue decline; operators blamed a lower hold on table game wagers. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and…
Industry
Indy Gaming: Despite losses, Mohegan Gaming not walking away from Vegas casino
Insurance Journal

MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys

MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its systems. Digital keys and mobile check-in at MGM hotels, however, were unavailable on Wednesday and the company said it was…
Land-based
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Vegas Inc

MGM says casino, hotel services 'operating normally' after cyberattack

MGM, with 28 properties worldwide, including many up and down the Las Vegas Strip, experienced what resort officials labeled a "cyber issue" on Sept. 10, 2023, to force the company to shutter its computer systems Updated Wednesday, Sept. 20, 2023 | 10:20 a.m. MGM Resorts International said its casino and hotel services are "operating normally," a…
Land-based
MGM says casino, hotel services 'operating normally' after cyberattack
New York Post

MGM losing up to $8.4M per day over 'cybersecurity issue'

MGM Resorts has officially entered its eighth day of "cybersecurity issues" that have silenced slot machines and shut down internal computer systems, costing the hotel and casino chain as much as $8.4 million per day in daily revenue. David Katz, a gaming industry analyst with Jefferies Group, issued a note estimating that MGM could take a hit of…
Land-based
MGM losing up to $8.4M per day over 'cybersecurity issue'
The Nevada Independent

Bally’s grows Las Vegas presence with stadium, Trop renovation

Lost in the news surrounding the entry of casino operator Bally's Corp. as a partner in the effort to bring Major League Baseball to Las Vegas were executive suite management changes. The Rhode Island-based company last week named Marcus Glover as chief financial officer. His experience includes overseeing two of MGM Resorts International's largest…
Industry
Bally’s grows Las Vegas presence with stadium, Trop renovation
The Nevada Independent

Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The inclusion of Michigan into the…
Industry
Indy Gaming: Expanded multi-state online gaming may not benefit Nevada
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MarketBeat

Las Vegas Sands Corp. (NYSE:LVS) Short Interest Update

Las Vegas Sands Corp. (NYSE:LVS - Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 18270000 shares, an increase of 7.5% from the November 30th total of 17000000 shares. Approximately 5.6% of the company's stock are sold short. Based on an…
Finance
Las Vegas Sands Corp. (NYSE:LVS) Short Interest Update
Review Journal

Tilman Fertitta gets approval for new hotel-casino on Las Vegas Strip

Clark County commissioners gave billionaire Tilman Fertitta the green light on Wednesday to develop a towering hotel-casino on the Strip. The commission approved Fertitta's plans for a 43-story, 2420-room project in the tourist-choked casino corridor. The upscale resort, at the southeast corner of Las Vegas Boulevard and Harmon Avenue, would…
Land-based
Best Stocks

Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $57.00

Barclays' research analysts raised their price target for Las Vegas Sands (NYSE: LVS), raising it from $43.00 to $57.00 in a study published on Thursday. The Fly shared the information in their article. The company views the casino operator's shares as an "overweight" investment at present and for the foreseeable future. Compared to the price at…
Finance
Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $57.00
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The Nevada Independent

Indy Gaming: Research gives AGA ammunition in fight with illegal gambling operations

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz American Gaming Association CEO Bill…
Industry
Indy Gaming: Research gives AGA ammunition in fight with illegal gambling operations
CNBC

Casino stocks take a hit as inflation rocks economy

Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike. Caesars Entertainment stock has plummeted 50% so far this quarter. Bally's has dropped 40% over the same time period, and Penn National Gaming and MGM Resorts S&P 500, which recently…
Finance
Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…
Finance
Review Journal

Tilman Fertitta’s hotel-casino plans on Las Vegas Strip headed for vote

Las Vegas' famed casino corridor is poised to get a big new competitor: billionaire Tilman Fertitta. Clark County commissioners are scheduled Wednesday to consider the Houston mogul's plans for a 43-story, 2420-room hotel-casino on the Strip. Located at the southeast corner of Las Vegas Boulevard and Harmon Avenue, the upscale project calls for…
Land-based
Tilman Fertitta’s hotel-casino plans on Las Vegas Strip headed for vote
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Best Stocks

On Wednesday, Las Vegas Sands (LVS) will report its quarterly earnings.

Las Vegas Sands (NYSE: LVS) will release its results report for the prior quarter on Wednesday, October 19, after the stock market has closed. There is a general agreement among those who follow the market that Las Vegas Sands will report a loss of $0.20 per share for the third quarter. On July 20, Las Vegas Sands (NYSE: LVS) released their most…
Finance
On Wednesday, Las Vegas Sands (LVS) will report its quarterly earnings.
CNBC

Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening

Jefferies on Monday upgraded Las Vegas Sands and Wynn Resorts after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. The Wall Street firm boosted the rating for the casino operators to buy from hold following news that the Macau government said it will resume visitation access from mainland China…
Travel
Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening
The Nevada Independent

Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz A U.S. Supreme Court ruling last week was…
Gaming Authorities
Indy Gaming: SCOTUS ruling favoring Texas tribal casinos has ‘wider implications’
Seeking Alpha

Macau rocked by local COVID cases which threaten casino traffic

Macau casino stocks fell in Hong Kong after the gambling region saw its first COVID-19 outbreak in eight months. The city reported 21 preliminary-positive cases in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Arrivals to Macau…
Covid
Macau rocked by local COVID cases which threaten casino traffic
The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Five Southern Nevada casinos that never…
Lottery
Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023
Defense World

Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00

Las Vegas Sands (NYSE:LVS - Get Rating) had its price target decreased by equities research analysts at Stifel Nicolaus from $56.00 to $46.00 in a research report issued on Thursday, The Fly reports. Stifel Nicolaus' price objective would suggest a potential upside of 34.70% from the stock's previous close. LVS has been the topic of several other…
Travel
Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00
Seeking Alpha

Macau casino stocks could be impacted by new COVID deaths in Shanghai

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23643 new local…
Covid
Macau casino stocks could be impacted by new COVID deaths in Shanghai
Reuters

Online gambling firm 888 soars on deal to pay less for William Hill assets

April 7 (Reuters) - British online gambling firm 888 (888.L) will pay a smaller price to buy William Hill's international assets from U.S.-based owner Caesars Entertainment (CZR.O), the companies said on Thursday, citing changes in economic and regulatory conditions. Shares in London-listed 888 soared nearly 30% after the British company also said…
Industry
Online gambling firm 888 soars on deal to pay less for William Hill assets
The Nevada Independent

Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Tom O'Brien returned to Aristocrat…
Sports
Indy Gaming: Aristocrat Americas president sees convergence with online and casinos
Online Poker Report

Stardust Casino Owner Boyd Gaming Acquires Pala Interactive

Last week, Boyd Gaming announced that they'd reached a deal to buy Pala Interactive, a California online gambling software and services company. The deal is worth $170 million. Pala is largely owned by the Pala Band of Mission Indians. The group currently has business-to-business services in eight U.S. states and in Canada, and operates…
Sports
Stardust Casino Owner Boyd Gaming Acquires Pala Interactive
MarketBeat

Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Earnings of -$0.21 Per Share

Equities analysts expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to announce earnings of ($0.21) per share for the current quarter, Zacks reports. Four analysts have made estimates for Las Vegas Sands' earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.28). Las Vegas Sands reported earnings…
Strategy Guide
Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Earnings of -$0.21 Per Share
Seeking Alpha

Macau casino revenue for February falls short of estimates

Macau gross gaming revenue gained 6.1% in February to 7.76B patacas ($0.96B) to trail the consensus estimate for a 7.0% increase. Ongoing COVID restrictions and a sharp crackdown on two junket operators impacted traffic negatively. Macau GGR is down 8% on a year-over-year basis. Jefferies is not confident that a positive turn for Macau is…
Finance
Macau casino revenue for February falls short of estimates
World Casino News

January downturn in American casino footfall

Last month reportedly saw an aggregated drop in the number of patrons visiting casinos across the United States although this slump could be short-lived as the prevalence of the omicron variant of coronavirus continues to decline. According to a Monday report from CDC Gaming Reports, foot traffic at American casinos in January was down by 2% when…
Travel
January downturn in American casino footfall
Seeking Alpha

Macau casino revenue slumps in January ahead of Winter Olympics

Macau gross gaming revenue fell 20.9% in January to 6.34B patacas ($785M). Although the GGR tally topped the consensus expectation for a fall of 31%, the rate of growth was far worse than the+1.8% mark recorded in December. The crackdown on Macau junket operators and tighter border restrictions ahead of the Winter Olympics also impacted Macau…
Finance
Macau casino revenue slumps in January ahead of Winter Olympics
The Motley Fool

3 Ways This Lesser-Known Casino Stock Is Still Winning

With just two casinos to its name and a $1.25 billion valuation, Monarch Casino & Resort (NASDAQ:MCRI) isn't the southwest U.S.' biggest gambling operator by a long shot. It has, however, carved out a strong niche for itself at its two locations in Black Hawk, Colorado (near Denver) and Reno, Nevada, and is in the process of updating and expanding…
Finance
3 Ways This Lesser-Known Casino Stock Is Still Winning
Gambling News

Industry Analysts Optimistic on Las Vegas Recovery

Put simply, 2020 sucked for the gaming industry. With COVID-19 forcing lengthy shutdowns of commercial activity everywhere, casinos took a major hit that is still being felt today. The good news, though, is that things are returning to a quasi-normal state in most areas, and Las Vegas, the US gambling capital, is on the road to recovery. According…
Industry
Industry Analysts Optimistic on Las Vegas Recovery
Bloomberg Quint

Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy

Shares in the British gambling software developer Playtech Plc soared by nearly 60% after the company agreed to a A$5 billion ($3.7 billion) takeover by Australian slot-machine maker Aristocrat Leisure Ltd. The deal would mark the latest in a long list of tie-ups aimed at staking out an early advantage in online gambling, which was already…
Travel
Playtech’s $3.7 Billion Deal Continues Online Gambling Frenzy
The Guardian

$22.4bn bid for Entain underlines value of British online gambling expertise

The blockbuster $22.4bn (£16.4bn) bid for Ladbrokes and Coral owner Entain underlines just how valuable British online gambling expertise has become. Its prospective buyer, US fantasy sports outfit DraftKings, is one of the major players vying for supremacy in the fast-growing US online betting market. This 21st-century gold rush was triggered by…
Mobile
The Nevada Independent

Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Macau casino operators finally got an answer to…
Finance
Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul
Business Live

Online gambling group 888 to buy William Hill’s international operations

Online gambling company 888 Holdings is buying the international operations of bookmaker William Hill after seeing off rival bids from private equity. The deal gives the businesses an enterprise value of £2.2bn, according to a statement. Las Vegas casino giant Caesars Entertainment bought William Hill in April to secure its US assets and is selling…
Mobile
Online gambling group 888 to buy William Hill’s international operations
The Real Deal

Macau Casinos Suffer August Slump

Macau's casinos had an abysmal August, continuing an 18-month run of hard luck in the coastal Chinese city as the pandemic continues to impact tourism. Gross gambling revenue last month fell to $554 million, the lowest monthly total so far this year and a mere fraction of the $3 billion per month averaged recorded in 2019, according to the Wall…
Travel
Macau Casinos Suffer August Slump
Mint

Covid-19 has China’s gambling hub on a long losing streak

Business remains muted in the once-bustling casinos of Macau more than a year and a half into the Covid-19 pandemic, while gambling operators wait for tourists to return en masse to the Chinese city. In August, gross gambling revenue in Macau slumped to the equivalent of $554 million, its lowest monthly total this year and a far cry from the $3…
Covid
Covid-19 has China’s gambling hub on a long losing streak
CNBC

Bet on Caesars over Wynn as casino bounce diverges in U.S. and China: BofA

Signage reminds visitors "House Rules...Wear A Mask." outside Caesars Palace hotel and casino in Las Vegas, Nevada, U.S., on Sunday, May 02, 2021. The post-lockdown recovery for Las Vegas casinos should help Caesars Entertainment become a fixture in digital gaming and a winner for investors, according to Bank of America.
Land-based
Bet on Caesars over Wynn as casino bounce diverges in U.S. and China: BofA
Gambling News

Gambling.com Slashes IPO Price as it Launches on NASDAQ

Online gambling industry marketing services provider Gambling.com surprisingly slashed the pricing of its initial public offering (IPO), as well as the quantity of shares available to investors, before going public. Gambling.com is now offering 5250000 ordinary shares priced at $8 per share, bringing the total valuation of the company down by $135…
Finance
Gambling.com Slashes IPO Price as it Launches on NASDAQ
The Nevada Independent

Indy Gaming: Fitch Ratings revises its outlook toward Las Vegas casino recovery, sees rebound by 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. Please to sign up and receive Indy Gaming in your inbox. Fitch Ratings gaming analyst Colin Mansfield waited in line patiently to sample a specialty item offered by Boon Tong Kee, one of the…
Land-based
Indy Gaming: Fitch Ratings revises its outlook toward Las Vegas casino recovery, sees rebound by 2023
World Casino News

Positive pronouncements on Las Vegas Sands Corporation

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of Las Vegas Sands Corporation. According to a story from CDC Gaming Reports, Adelson died at his home in southern California on Monday…
Industry
Positive pronouncements on Las Vegas Sands Corporation
Street Insider

Gambling.com Group Limited (GAMB) Files up to $100M IPO

FREE Breaking News Alerts from StreetInsider.com! StreetInsider.com Top Tickers, 7/6/2021 July 6, 2021 9:05 AM EDT Gambling.com Group Limited (NASDAQ: GAMB) has filed for up to $100000000 IPO. Per company's description: "We are a multi-award-winning performance marketing company and a leading provider of digital marketing services active…
Finance
Gambling News

Golden Nugget Online Gaming Partners with the Rocket Mortgage Classic in 2021 and 2022

The announcement comes a few days after Landcadia II announced it is entering into a purchase agreement to acquire Golden Nugget Online Gaming. Golden Nugget Online Gaming (GNOG) has signed an agreement with Detroit's Rocket Mortgage Classic to become the Official National Casino Partner of the 2021 & 2022 tournament. This year's event will take…
Industry
Golden Nugget Online Gaming Partners with the Rocket Mortgage Classic in 2021 and 2022
SBC News

Gambling.com files its Nasdaq IPO notice to fuel global growth drive

Gambling.com Group has filed an F1 notice with the Securities and Exchange Commission (SEC) confirming its intent to list on the US Nasdaq. The notice disclosed that Gambling.com had recruited investment banks Jefferies, Stifel and Truist Securities to lead the IPO's planning as underwriters, in which no target price or date has been agreed on…
Finance
Gambling.com files its Nasdaq IPO notice to fuel global growth drive
Barron's

Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.

Investing in Las Vegas, like the city itself, continues to evolve. Starting last year, investors bid up Las Vegas-related stock prices and valuations, in part in anticipation of a strong economic recovery helped by pent-up demand, and in part because they look favorably on the recent rush of casino operators into the promising early days of digital…
Strategy Guide
Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.
Poker News Daily

New Jersey Casino Control Commission Approves GNOG Merger, Grants Internet Gambling License

The New Jersey Casino Control Commission gave Golden Nugget Online Gaming (GNOG) a double-win on Wednesday, granting it an internet gaming license and approving its merger with Landcadia Holdings II, paving most of its way to becoming a publicly traded company. Though Golden Nugget has an online gaming license in New Jersey, it wants to spin off…
Finance
New Jersey Online Gambling

MGM's New CFO Had a Hand in Tanking Caesars

After two failed attempts to acquire online gambling partner Entain, MGM Resorts International named Jonathan Halkyard as its new chief financial officer Thursday. Presumably, MGM, parent company of online sportsbook BetMGM, brought Halkyard on for his experience in mergers and acquisitions in the wake of the rejection of the company's $11 billion…
Industry
MGM's New CFO Had a Hand in Tanking Caesars
Lexology

Golden Nugget Casino in Atlantic City Acquired by SPAC

A special purpose acquisition company (SPAC), Landcadia Holdings II, is moving to take the online gaming operations of Atlantic City's Golden Nugget casino public. Landcadia has proposed amendments to the merger that insiders say are assured to happen. Landcadia postponed until next week a special meeting of shareholders. Previously, an…
Finance
Golden Nugget Casino in Atlantic City Acquired by SPAC