Tag Archives: Leonard Postrado
- Atlantic City bets on arcade gambling to lure millennials
November 4, 2016
Cash-strapped Atlantic City is betting on arcade gambling in order to entice millennials who have shown a willingness to visit casinos for the bars and clubs but aren’t very interested in slot machines. New Jersey’s gambling mecca was recently introduced to “Danger Arena,” a skill-based gambling that combines the entertainment,...
- Genting Singapore’s Q3 earnings surges to $77.1M
Resorts World Sentosa casino operator Genting Singapore Plc. saw its earnings grew more than twofold during the third quarter of 2016. In a filing before the Singapore Stock Exchange on Thursday, Genting Singapore’s net profit for the July to September 2016 period zoomed to SGD106.9 million (US$77.1 million) compared with...
- Casino firms to reap fruits of warm PHL-China ties
November 3, 2016
Two weeks after Philippine President Rodrigo Duterte’s State Visit to China, listed gaming companies are bullish to the prospect that more mainland Chinese tourists will come to the island nation to play. Philippine Star reported that gaming firms are now punting on the windfall of President Duterte’s trip to China....
- Wynn Resorts Q3 results missed analysts’ estimates
Las Vegas-based casino operator Wynn Resorts Ltd. total revenue rose 11 percent in the third quarter of 2016 but the data isn’t enough cause for celebration. Net revenues were $1.11 billion for the third quarter of 2016, an increase of 11.4%, or $113.5 million, from $996.3 million for the same...
- Nearly half in US favor legalized sports betting – poll
November 2, 2016
More Americans are now in favor of legalized sports betting despite their worries about the effects of gambling on individuals and families. A poll conducted by the Farleigh Dickinson University PublicMind showed that nearly three out of five Americans or 48 percent supports legalized sports betting simply because many people are...
- PaddyPower refutes customer spying allegations
Irish bookmaker Paddy Power Betfair (PPB) has denied that it has been spying on punters using cookies and social media in an effort to determine their likely income. The oddsmaker made the denial a day after an unnamed source in PBB told The Irish Times that traders who operated on...
Cyprus doles out more online sports betting licenses
March 20, 2017
Betfair latest to exit Poland
March 28, 2017
Paddy Power Betfair and the difficulty of picking exact bottoms
August 22, 2017