Tech Layoffs: Israeli company Playtika to layoff about 12% of its global workforce

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Yogonet

Illinois Gaming Board approves permanent license for Golden Nugget Casino in Danville

The Illinois Gaming Board (IGB) has granted a permanent operator license to the Golden Nugget Casino in Danville. The permit was issued to Danville Development, LLC,which operates as Golden Nugget Danville. The license is valid for a four-year term, set to expire in October 2027, after which it must be renewed through the board. This decision,…

Law ・ 27 October 2023

iGaming Business

Playtika to acquire Innplay Labs for up to $300m

The deal states Playtika will pay an initial $80.0m but various clauses mean the final price could be far higher. Further terms of the agreement, including when the deal could close, were not disclosed. However, Playtika did state the proposed acquisition remains subject to certain, customary closing conditions. Founded in 2019, Innplay Labs counts…

Industry ・ 15 September 2023

etvbharat.com

US casinos make $5.4 billion from gamblers in their best July ever, us-casinos-have-their-best-july-ever-winning-nearly-usd-5-dot-4-billion-from-gamblers

Updated: 10 hours ago Published: 10 hours agoUpdated: 10 hours ago Published: 10 hours ago Atlantic city (US): Commercial casinos in the US had their best July ever this year, winning nearly USD 5.4 billion from gamblers, according to figures released on Thursday by a national gambling industry group. The American Gaming Association said the…

Finance ・ 15 September 2023

Devdiscourse

US casinos have their best July ever, winning nearly USD 5.4 billion from gamblers

Commercial casinos in the US had their best July ever this year, winning nearly USD 5.4 billion from gamblers, according to figures released on Thursday by a national gambling industry group. The American Gaming Association said the casinos' winnings were up nearly 6 per cent from July 2022. The association also said the casinos remain on pace to…

Finance ・ 15 September 2023

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Review Journal

Many casino game builders still recovering from pandemic as economic challenges linger

The global gaming industry's suppliers are rebounding from the effects of the pandemic, according to a new study. The Association of Gaming Equipment Manufacturers reported last week that the economic impact of suppliers was $44.4 billion in 2021, up 14.9 percent from 2020, though the industry still falls short from several pre-pandemic…

Industry ・ 13 April 2023

European Gaming

Playtika Lays Off 600 Employees

Mobile games firm Playtika is going to lay off some 600 of its employees. These 600 employees make up 15% of the company's headcount. In a statement explaining the situation, chief executive Robert Antokol said that the lay-offs were due to a wind down in "non-core products", which likely means players will see some change in its features. In a…

Jobs ・ 15 December 2022

Brand Equity

TCS faces hiring bias lawsuit in US; BJP MLA asks Centre to ban online gambling ads

In 2018, a California district court ruled in favour of TCS in a lawsuit filed by three former employees who accused the IT services provider of discrimination in hiring. Now, the company faces a similar class-action lawsuit, filed by a disgruntled former employee who alleges that it has repeatedly favoured Indian and South Asian job-seekers in the…

Law ・ 13 December 2022

Gambling News

Playtika, Ready to Cut 12-15% of Its Headcount During Second Wave of Layoffs

Israeli mobile gaming entertainment and technology company that uses art and science to create entirely customized game experiences Playtika has announced its second wave of employee layoffs. In June, the company announced it would bid goodbye to around six percent of its workforce, or the equivalent of 250 of its employees part of game development…

Industry ・ 12 December 2022

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iGaming Business

Playtika to lay off 600 employees

Chief executive Robert Antokol announced the layoffs in a letter to all Playtika employees. "The news I share with you today is difficult," he said. "After intense deliberation, we have decided to reduce our workforce by about 15%, saying goodbye to wonderful and talented colleagues and friends. "This decision has not come easy, yet we think it…

Jobs ・ 12 December 2022

The Hans India

Israeli company Playtika to layoff about 600 employees

Israeli mobile games company Playtika will cut 12 to 15 per cent of its workforce. About 600 employees worldwide will be dismissed including 180 in Israel, the media reported. The company expanded its workforce significantly during the Covid pandemic but has been downsizing this year, with the first round of layoffs occurring in June, as reported…

Covid ・ 11 December 2022

Edhat

Could the Online Gambling Industry Be in For a Rude Awakening?

For many avid gamers, working in the technological sector -whether for a major social media platform, as an app developer or designing casino games at one of the world's top gaming studios - is a dream come true. However, with all the furor over the mass redundancies being made by tech giants such as Twitter and Meta, you can't help but wonder how…

Industry ・ 28 November 2022

Gambling News

Five Clark County Casinos Remain Shuttered Despite Recovery

At least five casinos in Southern Nevada remain shut down following mass layoffs and discontinuance of operations back in 2020. This means that we are unlikely to see them return before the year's end, and the North Las Vegas City Council has already given permission to Station Casinos' property, Texas Station and Fiesta Rancho, to remain shuttered…

Covid ・ 09 June 2022

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Newbury Port News

Casino layoffs more pronounced among nonwhite workers, women

BOSTON - Casinos were among the hardest-hit businesses when the pandemic took hold more than two years ago, but the impacts of their shutdown here were not spread evenly throughout the workforce and the industry has not yet fully recovered, researchers told the Mass. Gaming Commission on Thursday. The Gaming Commission last year made a study of the…

Gaming Authorities ・ 15 April 2022

The Street

Las Vegas Casino Player Wants to Expand the Betting Tent

Business is all about growth and business for the sports gambling industry has been good. Sports betting accounts for between 30% and 40% of the worldwide gambling market, producing a yield (the money casinos receive from bettors minus the payout) higher than $400 billion in 2021, according to Statista. In June 2018, sports gamblers wagers $310…

Land-based ・ 16 March 2022

WFMZ News

Global Social Casino Market Outlook to 2025: Upsurge in Gaming and Smartphones Traffic

The global social casino market has witnessed stable growth in the past few years and the growth surged in 2020 owing to the imposition of lockdown due to COVID-19 and causing closure of casinos. Furthermore, the market is expected to grow at a healthy rate during the forecasted period (2021-2025) the market would further propel with a poised…

Mobile ・ 29 November 2021

Cardschat

Help Wanted: PA Gaming Report Reveals Post-COVID Hiring, Diversity Woes

Pennsylvania casinos have rehired thousands of employees since COVID-19 forced the industry to reduce its labor numbers by more than a third,but the workforce still has some catching up to do. Last week, the Pennsylvania Gaming Control Board released its annual Diversity Report, which revealed hiring challenges across the state, even as the gaming…

Covid ・ 16 October 2021

The Free Press Journal

Can't go to Goa for a throw of dice at casinos? Here's a list of online gaming websites to try your luck

The Goa government recently allowed the re-opening of one of the state's biggest tourist draws, offshore and onshore casinos with 50 per cent capacity. But days after the Goa government allowed the re-opening of offshore and onshore casinos with 50 per cent capacity, state health minister Vishwajit Rane said Goa hotels will allow only those who…

Industry ・ 05 October 2021

Times Union

Casino & Resort rebounding after dark stretch

SCHENECTADY - Rivers Casino & Resort is bouncing back from the pandemic. Like the food and beverage, hospitality and travel sectors, Rivers Casino & Resort at Schenectady's Mohawk Harbor was among the U.S. industries hardest-hit by the state's shutdown orders last spring. Rivers instantly furloughed 1000 employees last March, numbers that hardened…

Land-based ・ 06 October 2021

The Star

Businesswoman loses RM117,000 to online gambling syndicate

KEPALA BATAS (Bernama): A businesswoman incurred losses amounting to RM117000 after falling victim to an online gambling syndicate she got acquainted with, via the social media. Seberang Perai Utara OCPD Asst Comm Noorzainy Mohd Noor said the 39-year-old woman, who operates health products and clothing business, was befriended by a Chinese…

Incidents ・ 09 July 2021

Nevada Appeal

3 Vegas casinos fully opening after 80% worker vaccinations

People walk along a pedestrian bridge near the Wynn Las Vegas hotel-casino on Sept. 17. (Photo: John Locher/AP, file) LAS VEGAS - Some Las Vegas Strip casinos have been allowed to open at 100% capacity, officials said Tuesday, after showing Nevada state regulators that at least 80% of their employees have received at least one shot of coronavirus…

Covid ・ 20 May 2021

The Wall Street Journal

Playtika’s Shares Jump in Market Debut as IPOs Remain Hot

Shares of mobile game company Playtika Holding Corp. rose 17% in their market debut, fueled by growth in the videogame industry and soaring demand for new share offerings. The Israel-based company's stock closed at $31.62 a share, according to FactSet, above the company's initial public offering price of $27 a share. Shares had opened Friday at…

Poker ・ 19 January 2021

Gambling News

Playtika Launches IPO To Capitalize on Gaming Trend

Playtika Holding Corp launches IPO in an attempt to boost its valuation to $10 billion and capitalize on gaming trend Israeli gaming company Playtika Holding Corp has launched an initial public offering in the US to further boost its growth and capitalize on the growing demand for mobile gaming. The company is attempting to raise $1.67 billion and…

Finance ・ 19 January 2021

US Gambling Sites

COVID-19 Pandemic Results in Huge Losses for Connecticut Casinos

The coronavirus pandemic has hit many industries hard, especially those in the entertainment sector. Casinos around the world, including in the United States, have suffered from shutdowns, some opening back up to lower capacities while others are still closed. In Connecticut, the effects of the pandemic on the operating casinos is now clearly seen…

Covid ・ 19 January 2021