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Incoming New York Gov. Kathy Hochul Has Very Close Ties to Gaming Industry

New York Governor-designate Kathy Hochul (D) is set to assume the office of disgraced Democratic Gov. Andrew Cuomo on Aug. 24. She will soon oversee nearly all state-run agencies, including the New York State Gaming Commission.

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New York Lt. Gov. Kathy Hochul sits next to Gov. Andrew Cuomo during a 2019 conference. Hochul is set to become the state’s first female governor when her former boss departs later this month amid numerous sexual misconduct allegations. (Image: The New York Times)

When Lt. Gov. Hochul becomes the state’s top government official — and New York’s first female governor — s

Hollywood Casino Baton Rouge holds groundbreaking for new land-based operation

After nearly a year ago announcing that it had received approval from the Louisiana Gaming and Control Board to move its Hollywood Casino Baton Rouge riverboat gaming operation to a to-be-constructed landside facility, on August 10, 2021, Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) broke ground on an expansion project with a starting budget of […]

Boom Entertainment partnership for Rush Street Interactive Incorporated

American online casino and sportsbetting operator Rush Street Interactive Incorporated has announced that it has made a minority investment in remote games and technology developer Boom Entertainment. The Chicago-headquartered firm used an official Wednesday press release to pronounce that this speculation came with the inking of a ‘comprehensive commercial arrangement’ that will see its PlaySugarHouse.com […]

Entain Forecasts Up To 25% Share of $32B North American iGaming, Sports Betting

Entain Plc (OTC:GMVHY), half owner of the BetMGM business, said at its Investor Day today it’s aiming for 20 percent to 25 percent of the North American internet casinos and online sports wagering markets. The operator believes the market will eventually be worth $32 billion, up from $6 billion today.

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The BetMGM sign at Park MGM Las Vegas illuminates the sportsbook below. Entain, part owner of BetMGM, is forecasting big US growth. (Image: VegasChanges)

While Entain’s London-listed and over-the-counter US shares are trading lower today, the stock is higher by almost 80 percent year-to-date. Tha

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Galaxy Entertainment Group Limited heralds its first-half return to profit

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its first-half financial results showing an improvement of almost 133% year-on-year in net profit to approximately $121.7 million. According to a report from GGRAsia, the positive news for the Hong Kong-listed firm comes after it racked up a deficit of over $367.5 million for the […]

SciPlay Corporation to thoroughly investigate proposed takeover proposition

Mobile-friendly digital games developer and publisher SciPlay Corporation has announced the formation of a special committee of independent directors to probe the attractiveness of a proposed takeover offer for its business. The Las Vegas-headquartered firm used an official Tuesday press release to detail that this exclusive body comprises William Thompson, Gerald Cohen and Michael Marchetti […]

Betsson AB targeting Latin American growth with Inkabet acquisition

Swedish online casino operator Betsson AB has announced the signing of an agreement that is to see it strengthen its presence in Central and South America via the purchase of the iGaming brand at Inkabet. The Stockholm-headquartered firm used an official Wednesday press release to declare that the arrangement being carried out by its SW […]

Penn National Score Media Acquisition ‘Credit Positive,’ Says Moody’s

Penn National Gaming’s (NASDAQ:PENN) $2 billion cash and stock purchase of Score Media and Gaming (NASDAQ:SCR) last week is a credit positive for the buyer, according to Moody’s Investors Service.

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Penn National CEO Jay Snowden (center) and Score Media CEO John Levy (right) discuss their recent merger announcement. The deal will take a while to help Penn’s credit rating. (Image: CNBC)

The research firm has a “B1” rating, with a “stable” outlook on the region casino operator. That grade is four notches into junk territory, due in large part to the gaming company having long-term debt of $12.12 b

World Poker Tour® and partypoker US Network Announce WPT® Online Borgata Poker Open

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Second-ever online WPT Main Tour event set to headline. September partypoker US Network Online Series in New Jersey

Los Angeles, CA (August 10, 2021) – World Poker Tour® and BetMGM announced today that the WPT® Online Borgata Poker Open (Sept. 19-21) will lead September’s partypoker US Network Online Series in New Jersey (Sept. 12-21). The $3,500 buy-in event features a $1 million guaranteed prize pool and will feature a live-streamed final table. The WPT Online Borgata Poker Open represents the latest in the ongoing relationship between WPT and BetMGM, in which the organizations are fo

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