CORPORATE NEWS

Hero Gaming dismisses

Hero Gaming Implements Major Workforce Reduction to Cut Costs and Realign Strategy In a bold move aimed at significantly reducing operating costs, Hero Gaming, a prominent player in the iGaming industry, has undertaken a substantial downsizing effort, exclusively disclosed by iGaming NEXT. This restructuring has resulted in approximately 60 employees either departing or planning to…

SiGMA goes Cyprus: Soft2Bet partnership promises unparalleled networking and entertainment

SiGMA Balkans & CIS 2023 comes to Cyprus for the first time ever – and partners with the Soft2Bet to bring the best of the island experiences, business expertise, networking, and entertainment to the attendees. Visitors and industry peers are invited to the Soft2Bet stand, #051, where gamification technologies, upcoming projects, and immersive experiences await.…

Rank Group sees profits drop to a loss of ￡109.8m for fiscal year 2023

Rank Group, operator of Grosvenor Casino and Mecca Bingo, has published its financial results for the 12-month period ending 30 June 2023. The group's net gaming revenue (NGR) reached ￡679.7 million for the year, marking a 7.3 percent rise compared to the previous year.

Everi Holdings launches innovative mobile platform to nine casinos in Oklahoma

.Everi Holdings Inc. and its affiliated subsidiaries have introduced a cutting-edge solution known as the Muscogee Creek Mobile App, now available at all nine Muscogee (Creek) Nation Casinos situated in Oklahoma.

Gaming console sector adjusts to populatory of free-to-play games

Microsoft's game pass has attained significance in the console industry marking a turning point in the US $60 billion industry.

Billionaire Villar secures $1B casino venture with Korean Partners in Las Pi?as

Manuel Villar Jr., a prominent business magnate, is poised to step into the world of gaming and entertainment as he embarks on a ground-breaking project in Las Pi?as City. Teaming up with a dynamic Korean consortium, Villar’s vision materialises into a dazzling $1-billion casino and hotel complex. Villar eludes to grandiose culminations on the horizon…

Success Universe Group forecasts strong rebound driven by Macau casino hotel

Success Universe Group Ltd, a prominent investor in the renowned Macau casino hotel Ponte 16, has announced its optimistic outlook for the first half of 2023, projecting a consolidated profit ranging from approximately HKD 130 million (US$16.6 million) to HKD 170 million. This forecast marks a substantial turnaround from the previous year's corresponding period, which saw an unaudited consolidated loss of HKD 125.5 million.

Caesars launches online casino platform

Caesars Entertainment, Inc. (NASDAQ: CZR) has launched Caesars Palace Online Casino. The innovative app and desktop platform offer players an online gaming experience within the renowned Caesars Rewards? loyalty program.

GiG delivers impressive Q2 results as CEO confirms intention to split business

GiG achieved record-breaking revenues of €31.1 million, representing a substantial 40 percent year-on-year (YoY) increase. Of this growth, 22 percent was organic.

Philippines forecasts doubling casino revenue by 2028 amidst tourism boom

The Philippines’ gambling industry is set to double its gross gaming revenue by 2028, as the country attracts more tourists such as wealthy Chinese gamblers, PAGCOR’s chief said on Wednesday. Source of the prosperity At least six new casino facilities worth roughly around $3 billion are in the pipeline to boost the Southeast Asian nation’s…