Kambi Group has announced the extension of its partnership with renowned online gambling operator LeoVegas until 2027, continuing a long-term collaboration that began in 2016. The renewal also includes the integration of Kambi's Odds Feed+ solution into the operational platforms of LeoVegas and its
Thailand is accelerating its efforts to legally establish casinos. According to Deputy Finance Minister Julapan, the "Integrated Entertainment Complex" plan has received strong support from the Federation of Thai Industries and the Thai Chamber of Commerce. Both private sector representatives believ
According to the "Macau Daily News", Ed Bowers, the President of Global Development at MGM International, recently stated at the G2E Asia forum that Thailand is very likely to become the most attractive integrated resort investment destination in Asia with the gradual improvement of legislation and
The Thai gambling market is brewing a dramatic change. Industry insiders point out that once the relevant regulations are fully implemented, Thailand is expected to become the next growth engine of the gambling industry in Asia, with annual revenues possibly exceeding 10 billion US dollars.At the re
After announcing the FY24 results, Playtech CEO Mor Weizer revealed that Brazil has become the largest market in the live casino vertical globally for the supplier.Brazil began regulating online gaming earlier this year, making it one of the most watched regions in the global gaming field.Playtech p
MGM Resorts Executive to Retire After Three-Decade CareerA longtime executive at MGM Resorts International is set to retire next month after more than three decades with the company. Ann Hoff, who serves as president and chief operating officer of Bellagio and Park MGM, will step down from her role
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability.The Q4 Report Was MixedThe fo
MGM Resorts International posted record full-year revenue of $17.2 billion in 2024, a 7% increase from the previous year, driven by a strong performance from its Macau operations, the company said on Wednesday. MGM China, which benefited from Macau’s post-pandemic recovery, recorded a 25% year-over
During Wednesday’s earnings conference call, MGM Resorts CEO and President Bill Hornbuckle expressed optimism for 2025.“We are seeing positive indicators with revenues up in our domestic operations in January,” Hornbuckle said, “as well as ADR (average daily rate) is on pace to grow the rest of the
MGM Resorts on Wednesday reported revenue for the fourth quarter of 2024 was $4.3 billion, up 1 percent from the fourth quarter of 2023, and that revenue for the year reached $17.2 billion, up 7 percent from 2023.“MGM Resorts is proud to report the best full-year consolidated net revenues in the his
BetMGM will take over the operations of MGM Resort International’s Las Vegas sportsbooks this summer, a company legal counsel said Wednesday.BetMGM, the joint venture between Entain and MGM that operates across the U.S., introduced its mobile sports betting app to Las Vegas in early 2024, but MGM re
MGM May Consider Bid for Entain or Remaining Stake in BetMGMSeveral years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and ga
Empire City Casino by MGM Resorts has announced that it has surpassed the $5 billion mark in funds generated for state education, which includes contributing more than $1.3 billion in the past five years.The $5 billion in education funds represents approximately 30 percent of the total funds generat
It’s dinner time, and also decision time, at the Cosmopolitan.The resort’s superior culinary-entertainment destination Superfrico at the Cosmopolitan is an unqualified success. It’s also positioned next to an inventively designed and inconveniently empty Opium/OPM Theater. This venue is at the cente
It’s dinner time, and also decision time, at the Cosmopolitan.The resort’s superior culinary-entertainment destination Superfrico at the Cosmopolitan is an unqualified success. It’s also positioned next to an inventively designed and inconveniently empty Opium/OPM Theater. This venue is at the cente
Deutsche Bank, in a note to investors, looked beyond the challenged first quarter of 2025, which is hindered by the “optically reasonable” comparison to last year’s Super Bowl in Las Vegas. Deutsche Bank analyst Carlo Santarelli sees a few elements that will drive investor confidence.They start with
