Delta Corp Limited to close Casino in Sikkim

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Asgam

RGB says Managing Director linked to Malaysian slot clubs on bail, cooperating with authorities

Malaysian gaming equipment distributor RGB International Bhd has confirmed that its Managing Director, Dato' Seri Chuah Kim Seah, is currently on bail and cooperating with authorities. But the company made it clear in a filing that the investigation is "largely focused on his private business related to slot clubs" and that "RGB's involvement in…

Incidents ・ 31 August 2023

Business Today

Delta Corp investors lose Rs 1,321 crore as gaming and casino stock slips another 10%

The crash in Delta Corp Ltd shares in early deals today led to a decline in the market capitalisation of the gaming and casino firm by Rs 1321.45 crore. Market cap of Delta Corp fell to Rs 5287.14 crore today against Rs 6608.59 crore in the last session. The correction in the stock came after the GST Council decided to levy a 28 per cent GST on…

Finance ・ 12 July 2023

Qrius

Tips and Rules for Gambling for Beginners

Gambling games are a popular entertainment trend. They attract attention with their originality and simplicity of the rules. Anyone can try their fortune by making bets. But first, you need to choose a virtual club. Given the wide spread of online casinos, you can get confused among all the proposals. In addition, some institutions are engaged in…

Law ・ 14 December 2022

Review Journal

Caesars Entertainment says Las Vegas market still strong

Caesars Entertainment Inc. improved its third-quarter revenue when compared to the same time a year earlier, according to its earnings report shared Tuesday. For the quarter that ended Sept. 30, Caesars Entertainment reported net income of $52 million, or $0.24 per share, on revenue of $2.89 billion. During the same period last year, it reported a…

Land-based ・ 01 November 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

The Street

Huge Las Vegas Strip Casino Deal Looks Dead

Fortunes get made and lost in Las Vegas and that's not just something that impacts gamblers. Companies including Caesars Entertainment (CZR), MGM Resorts International (MGM), Wynn Resorts (WYNN), and newcomers including Hard Rock International want a piece of the action on what has become the most lucrative (and competitive) 4.2-mile stretch of…

Land-based ・ 13 October 2022

Zee Business

Zee Business Exclusive Report: Govt mulls stricter norms, regulations on online gaming, betting, and gambling

The government is planning to tighten the noose around betting, online gaming, and gambling by imposing regulations to curb and bring them under legal purview, Zee Business Special Correspondent Tarun Sharma said in his exclusive report while speaking to Managing Editor Anil Singhvi. In a meeting convened under the chairmanship of the Home Affairs…

Industry ・ 10 October 2022

Gearrice

What Does "Profit Tax" Mean at Online Casinos?

Do I have to pay taxes on my winnings at non GamStop casinos? This question is on the minds of many jackpot-chasing players as well as poker and blackjack professionals! In fact there is a lot of confusion about this - if my winnings are taxable, then I have to subtract my net losses as well. Rational! How would the government figure out my non…

Finance ・ 28 August 2022

The Street

Downtown Las Vegas' Fremont St. Casino Brings a Big Name to the City

Las Vegas casinos have had the market cornered on sportsbooks in the city and state thanks to a 2015 law that banned daily fantasy sports operators in Nevada. In October of that year, the Nevada Gaming Control Board issued a notice for FanDuel, DraftKings (DKNG) - Get DraftKings Inc. Report and any other daily fantasy sports operator to cease…

Sports ・ 05 August 2022

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Review Journal

Boyd Gaming revenue slightly up from year-over-year

Boyd Gaming Corp. leadership expressed confidence in the company's operations even in the face of economic uncertainty during an earnings call this week. Officials with the Las Vegas-based operator of three downtown Las Vegas properties as well as other hotel-casinos, said during Tuesday's earnings call that 2022's second quarter was a solid…

Finance ・ 27 July 2022

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

Qrius

Stats Published by BIT Reveal How UK Gambling Companies

Based on a recent report by the Behavioral Insights Team (BIT), many UK gambling companies are failing to safeguard the interests of their customers. BIT's recently launched Gambling Policy & Research Unit (GPRU) carried out detailed audits of the top 10 gambling operators in the countries. The list of companies included Paddy Power, 888, Betfred,…

Law ・ 17 July 2022

Inquirer

LRWC bets on online bingo to reverse pandemic losses

Listed gaming firm Leisure and Resorts World Corp. (LRWC) hopes to recover from recent losses to reach prepandemic revenues by 2023 or late this year, aided by the explosive growth of its newly established online bingo business. The online betting platform, called Bingo Plus, allows users to place wagers as low as P5 to win jackpot prizes worth…

Covid ・ 26 October 2022

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Covid

Seeking Alpha

Hot Stocks: AFRM jumps on earnings; casino stocks rise; FIGS plunges; PAG hits high

Rebounding from recent losses, Wall Street saw a surge of bargain hunting on Friday. The Nasdaq paced the advance, jumping by nearly 4% amid a surge in consumer and technology stocks. Casino shares also contributed to the rally. Signs that COVID restrictions might be lifting in China's biggest city sparked an advance in names like Las Vegas Sands…

Finance ・ 13 May 2022

Wolf Street

Coinbase Shares Go Thunkadunk, -88% from High, amid Crypto Chaos, Plunging Revenues, Huge Loss: New Paradigm Where Gambling Tokens Blow Up the Casinos?

Crypto exchange Coinbase Global not only rattled its already tortured shareholders when it reported horrific results afterhours on May 10, but also its crypto holders, when it added new language to its quarterly filing with the SEC, explaining what could happen to their cryptos at Coinbase if it files for bankruptcy. In the same breath, it filed a…

Finance ・ 12 May 2022

Seeking Alpha

Hot Stocks: Online gambling stocks fall; ROKU, RDFN plunge on earnings; APPN rises

Stocks suffered another day of losses on Friday, adding a modest retreat to the previous day's substantial decline. Geopolitical tension and general worries about the direction of the market in the face of looming rate hikes kept investors on the sideline. The selling affected online gambling stocks, which were dragged down by a disappointing…

Finance ・ 18 February 2022

KTVZ

Casino stocks are looking like a big gamble

By Paul R. La Monica, CNN Business So much for the house always winning. Casino stocks have had a brutal year. Penn National Gaming, which operates more than 40 US gambling locations, has plunged 40% this year. That makes Penn, which also owns a 36% stake in Dave Portnoy's Barstool Sports betting and entertainment company, one of the worst…

Finance ・ 01 December 2021

Small Caps

Crown pushes the share market casino into action

Some say that share markets are just glorified casinos tacked on to the economy so it was probably appropriate that trade in a real-life casino dominated the Australian market on Friday. Investors in Crown Resorts (ASX: CWN) shares have been doing it tough recently as a welter of inquiries found serious wrongdoing on a fairly widespread scale so…

Travel ・ 23 November 2021

The Prime Time

15 Caught Red-Handed inside Illegal Gambling House in Varca

Casinos in Goa finally get the long-awaited green light to reopen. In the background, 15 people are facing the new penalties for illegal gambling, while players in the state get more cyber oriented. The Bust Comes 2 Days before Goa Casino Operation Relaxations Chips of different colors worth ₹ 6.9 lakhs were found among 15 people allegedly playing…

Law ・ 02 November 2021

Review Journal

Las Vegas Strip landlord Vici sees revenues rise in Q3

The soon-to-be largest landlord on the Strip believes there's never been a better time to be investing in Las Vegas. That's understandable excitement for a company that has inked real estate deals for Strip properties totaling more than $21 billion this year alone. "We were very excited from the day we started the company. We're even more excited…

Land-based ・ 29 October 2021

Stock News

MCRI: Feeling Lucky? Buy These 3 Under the Radar Casino Stocks

The gambling industry is making a comeback with the gradual easing of social distancing mandates. U.S. gambling revenue hit a record $13.6 billion in the second quarter. In-person gambling was the primary driver of the record-breaking second-quarter revenue results. Mobile sports betting and iGaming kept the industry afloat during the initial…

Finance ・ 03 September 2021

Tunf

Evolution has completed its Big Time Gaming acquisition

Evolution is a Stockholm-listed casino supplier. It has recently finalized its purchase of the slots developer, Big Time Gaming. After the making of the initial agreement in April, Evolution got all of its regulatory approvals for the finalization of the transaction. The company has recently paid an up-front sum amounting to EUR 220 million in a…

Industry ・ 07 July 2021

Gaming Post

Evolution Set To Acquire Big Time Gaming

Live casino games giant Evolution is on the verge of acquiring yet another big iGaming player in the world of digital and gaming entertainment. The company earlier this week confirmed that it has now tabled an offer to acquire Megaways-creator Big Time Gaming. The €450 million deal will see Evolution purchase Big Time Gaming in a combination of…

Finance ・ 12 May 2021

Real Money

Australia's Largest Casino Company Loses Big With License Findings

Australia's largest gambling company, Crown Resorts, is facing a crisis of its own making after a damning report that finds it unfit to open its newest casino. Crown has already opened the doors to the nice-and-shiny, 75-floor Crown Sydney skyscraper, which is now Sydney's tallest building. The hotel and restaurants are open for customers. But the…

Travel ・ 07 May 2021

Gambling News

Gaming Realms Forecasts 55% Rise in Revenue in 2020

Following a strong first half of 2020 due to increased online activity, Gaming Realms has predicted at least a 55% increase in revenue to £10.7m for the whole year. The announcement boosted the company's shares by 3% in early trading. Real-money mobile gaming provider Gaming Realms expects to report a 55% increase in revenue to £10.7m this year. On…

Finance ・ 19 January 2021