BUSINESS

Gaming Industry News Weekly Recap – Stories You Might Have Missed

TAGs: weekly recap

may-9-new-weekly-recapTHE AMERICAS
Caesars Entertainment’s online operations had a “spectacular” Q1 while MGM Resorts’ profit rose nearly two-thirds; Zynga scrapped its new sports titles and cut 18% of its workforce; Scientific Games saw online revenue rise 52% and inked a social casino deal with Penn National Gaming; Pinnacle Entertainment confirmed it was discussing a REIT deal with GLPI; Caesars eliminated cash play at poker tables at all its properties; Genting broke ground on Resorts World Las Vegas while the Riviera closed after 60 years; a lottery player took exception to his scratch ticket’s hidden message; the Pentagon flagged unauthorized use of gov’t credit cards at casinos and strip clubs; Sportsbettingchamp.com founder Tony Chau pled guilty to illegal gambling and a new federal bill promised to ban interstate online horse wagering.

EUROPE
UK bookies both celebrated and mourned the Tories’ surprise election victory; Romania demanded six years of back taxes from online operators; Ladbrokes chairman Peter Erskine announced he was stepping down; the National Basketball Association was rumored to be shopping for a European betting partner; Greece’s gambling market grew for the first time in five years while France’s online poker market continued to struggle; PokerStars launched online casino games in Italy and inked football great Neymar Jr. as its new ambassador; online gamblers in the UK became a little more feminine; SBOBET joined Microgaming’s poker network and Net Entertainment’s Simon Hammon offered an update on mobile innovation.

ASIA
Macau casino revenue declined for the 11th straight month; Melco Crown Entertainment profit fell 75% in Q1 and Melco Crown Philippines became the first Entertainment City operator to get its regular license; SJM Holdings profit fell nearly by half; Singapore police made their first online gambling bust under the new Remote Gambling Act; Australian regulators probed bookies’ attempts to circumvent the online in-play betting ban; new Aussie research suggested online-only gamblers display lower rates of problem gambling behavior; South Korea said local residents could gamble on cruise ship casinos; a slots operator paid Cambodia’s NagaCorp $40m just to negotiate a deal but Rafi Farber warned of further Macau drag; Tabcorp’s online operations were among the “dominant drivers” of fiscal Q3 growth; Cambodia’s PM welched on a $5k Pacquiao wager; Tony Fung plans to add a casino to his recent purchase of a Gold Coast hotel and Bitcoin gambling site PrimeDice shifted its operational focus to China and Russia.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com