Archive for April, 2017

888 Holdings Share Prices Have Doubled Since January 2015
April 27th, 2017 By April Bergman

888 Holdings Share Prices Have Doubled Since January 2015

888 Holdings’ share prices have increased 77% over the past 25 months and doubled since January 2015. 888 stock has outperformed industry predictions after the global online gaming brand failed on multiple merger negotiations. 888 Holdings lost a highly publicized bid-off with GVC Holdings to merge with bwin.party. The negotiations went back and forth, with […]

Wynn Palace Helps Macau Casino Industry Surge to a 13% Revenue Increase
April 24th, 2017 By April Bergman

Wynn Palace Helps Macau Casino Industry Surge to a 13% Revenue Increase

Wynn Palace in Macau is proving to be a big success for Wynn Resorts. First quarter earning were reported today that topped all the analysts predictions, due to a rejuvenation of the high roller market in Macau. The overall casino market surged 13 percent over this time last year, due to unforeseen circumstances in nearby […]

Pacific Consortium Makes an $7.2 Billion All-Cash Bid for Tatts Group
April 21st, 2017 By April Bergman

Pacific Consortium Makes an $7.2 Billion All-Cash Bid for Tatts Group

Pacific Consortium announced its latest bid to buy Tatts Group Ltd this week. The bid is expected to unleash a bidding war between Pacific Consortium and Tabcorp Holdings Ltd. Kerry Schott of Pacific Consortium said of the new offer, “Our revised all-cash proposal provides greater certainty, attractive value, and simplicity for Tatts shareholders, together with […]

Glenn Straub Announces a June 15 Opening Date for 1,500-Room Hotel in TEN Building
April 19th, 2017 By April Bergman

Glenn Straub Announces a June 15 Opening Date for 1,500-Room Hotel in TEN Building

Glenn Straub announced another opening date for the TEN Casino’s hotel in Atlantic City: June 15. If that date sounds familiar in relation to the former Revel Casino, it is the same date he planned to open 500 hotel rooms last year. Like last year, the Florida real estate developer said he plans to open […]

South Korea’s Paradise City Casino Opens on Thursday to an Uncertain Market
April 17th, 2017 By April Bergman

South Korea’s Paradise City Casino Opens on Thursday to an Uncertain Market

Paradise City Casino opens in South Korea on Thursday. The casino, which is a joint venture of South Korea’s Paradise Co Ltd and Japan’s Sega Sammy Holding Inc., is located only 5 miles from Incheon International Airport in Seoul. The developers for Paradise City met bad luck in the timing of the grand opening. The […]

Global Market Advisors Estimate $10.9 Billion in Annual Revenues from an Osaka Strip
April 15th, 2017 By April Bergman

Global Market Advisors Estimate $10.9 Billion in Annual Revenues from an Osaka Strip

Global Market Advisors, a consulting firm in the gaming and hospitality sector, says an Osaka Strip could generate $10.9 billion a year and a rival Las Vegas and Macau as a tourist destination. The strip of casino-resorts would be located on Osaka’s Yumeshima Island. Global Market Advisors released the estimate to tout a May 1 […]

Pragmatic Play Approved by UK Gambling Commission for Desktop and Mobile Gaming
April 12th, 2017 By April Bergman

Pragmatic Play Approved by UK Gambling Commission for Desktop and Mobile Gaming

Pragmatic Play received a remote gambling software operating license from the UK Gambling Commission this week. The decision is another sign that Pragmatic Play is transforming into a global content provider for desktop and mobile casinos. Pragmatic Play is owned by the IBID Group, which has upgraded Pragmatic’s gaming software over the past two years […]

Ukraine Plans to Legalize Casino, Sportsbook, and Lottery Gambling
April 10th, 2017 By April Bergman

Ukraine Plans to Legalize Casino, Sportsbook, and Lottery Gambling

Ukraine plans to legalize gambling next year in an attempt to raise revenues for the treasury, according to its own Ministry of Finance. The ministry sent a letter to the International Monetary Fund stating its intentions to seek gambling revenues. The letter was addressed to Christine Lagarde, the IMF head. Ministry of Finance discussed the […]

Shinzo Abe Opens Panel Discussions to Set Regulations and Policies for Casino Bill
April 8th, 2017 By April Bergman

Shinzo Abe Opens Panel Discussions to Set Regulations and Policies for Casino Bill

Japan’s Prime Minsiter, Shinzo Abe, is setting the third quarter of 2017 as the time his country will finalize its casino laws. Abe plans to submit casino legislation this autumn to set down the specific policies and regulations Japanese land-based gambling will follow. At a key meeting this past Tuesday, the prime minister discussed several […]

Evolution Gaming Group Agrees to Open Live Dealer Studio in Vancouver
April 5th, 2017 By April Bergman

Evolution Gaming Group Agrees to Open Live Dealer Studio in Vancouver

Evolution Gaming Group, the leading support service for live casino games, announced it would build a gaming studio in Vancouver, Canada. In doing so, Evolution is opening its first studio outside Europe. Evolution Gaming offers an award-winning package of live dealer games. (Evolution is pictured winning a EGR B2B Award at right.) With this new […]

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