All ratings carry a stable outlook.Malaysia.- Fitch Ratings has affirmed Genting Berhad‘s long-term issuer default rating at BBB. The ratings for the wholly-owned subsidiaries, Genting Berhad Overseas Holdings Limited (GOHL) and Resorts World Las Vegas LLC (RWLV), have been affirmed at BBB and BBB-,
Playtech Revises Strategic Deal with Caliplay for Further GrowthThe 1999-founded leading technology company in the gambling industry, Playtech, has announced inking a revised strategic agreement with Caliente’s subsidiary, Caliplay, a leader in the regulated Mexican online casino and sports betting
Australian wagering company Tabcorp Holdings has announced the resignation of its CEO, Adam Rytenskild, following allegations of "inappropriate" and "offensive" language in the workplace. The company disclosed on Thursday that its board had become aware of the CEO's use of language deemed inconsiste
Finland’s monopoly gambling operator Veikkaus said a promising outlook for its Fennica Gaming subsidiary has softened the impact of changes in the land-based sector over the first half of the year. The mandatory identification of physical channel coupon games implemented in the spring of 2023 decr
Star Entertainment Group has appointed Steve McCann, the former head of Crown Resorts, as its new group chief executive and managing director, effective July 8, pending regulatory approval. McCann succeeds Robbie Cooke, who stepped down from the position in March but stayed on in a consultancy role
B2B online casino services provider Evolution released Friday the interim report for January-June 2022, showing Q2 operating revenues increased by 34% to EUR 344 million ($350 million) while EBITDA increased by 36.4% to EUR 238.2 million ($242 million) corresponding to a margin of 69.3%. Profit for
Veikkaus Oy has reported a year-over-year dip in gross gaming revenue and operating profit during the first half of 2024 as the Finland gambling market edges closer towards a planned licensing system.Despite the drop, Veikkaus CFO Regina Sippel has expressed optimism about the operator’s future, not
Bloomberry Resorts’s board will target annual cash dividends of 35 per cent of the prior year’s earnings.The Philippines.- Casino operatorBloomberry has announced that its board of directors has approved a new dividend policy. The policy aims to distribute annual cash dividends of 35 per cent of the
Rank Group has reported growth in both revenue and profits for the fiscal year that ended June 30, 2024. During the period, the company saw a 9% increase in like-for-like (LFL) Net Gaming Revenue (NGR), reaching £734.4 million ($943 million).This growth was observed across all segments of the busine
The proposal will be presented at an extraordinary shareholders’ meeting.The Philippines.- Universal Entertainment has announced through a company filing that Tomohiro Okada, the son of founder and former chairman Kazuo Okada, has been nominated as a director. The proposal will be presented at an ex
GiG Platform Adds Andreas Söneby to Board of DirectorsGaming Innovation Group has strengthened the leadership of its Platform division with the appointment of Andreas Söneby as a board member. Söneby boasts years of gaming industry experience and has spent over a decade at Kambi.Söneby Is an Importa
PointsBet achieved record group revenue of AU$245.5m in FY24, fuelled by record Australian revenue of $211.5m. The company also posted an 87 per cent increase in its Canadian revenue, which reached $34m for the financial year. The combination fed into record H2 net operating cash flow performance
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