Business & M&A

Galaxy Entertainment Group (GEG) welcomed nearly 300 team members and their children to Galaxy Macau this summer as part of its newly launched “GEG Family Cares Summer Program”, reinforcing the company’s commitment to creating a family-friendly workplace and supporting employee well-being beyond th…

Melco Resorts & Entertainment has claimed a double win at the PATA Gold Awards 2026, securing top honors in the "Marketing Campaign – Hospitality" category for the fourth consecutive year alongside the "Climate Action Initiative (Industry)" award, reinforcing its regional leadership in both creativ…

Vegas Ventures LLC, a newly formed Massachusetts company, is set to buy the troubled Downtown Grand in Las Vegas, according to the Las Vegas Review-Journal. The deal, pending judicial approval, was arranged by court‑appointed receiver Paul Huygens of Province LLC after nearly eight months in receiv…

The NFL has reportedly welcomed Fanatics as an official sportsbook after its agreements with multiple partners expired earlier this year. Per the agreement, Fanatics will be allowed to brandish official NFL imagery, including the league’s logo. Fanatics Becomes the League’s First Operator Partner f…

Sweepstakes casinos are a “gateway drug” to real money gambling, according to Florida Attorney General James Uthmeier, who filed two separate lawsuits Wednesday (August 19) against operators VGW and Stake. The complaints seek to shut down the companies’ operations in Florida and recover allegedly i…

The MGM Resorts Foundation is continuing its charity program by committing more than $4.6 million to organizations and communities. These efforts, made possible by the contributions and engagement of MGM Resorts staff, will focus on areas where the company’s employees live. This approach ensures in…

With the broader real estate sector rallying, VICI Properties (NYSE: VICI) is standing out for the wrong reasons, but some professional investors see opportunity in the stock. On Monday, LRT Capital founder Lukasz Tomicki took to X to reveal a long position in VICI, noting that “the stock, however,…

Circa Hotel & Casino has added 49 hotel rooms across two floors as part of a multiyear expansion plan for the downtown Las Vegas property. The new rooms occupy the resort’s 49th and 50th floors and are scheduled to open September 1, nearly six years after Circa launched with seven hotel floors left…

Cantor Fitzgerald & Co. has launched institutional trading for prediction markets, giving institutional clients access to block trading in event contracts on Kalshi, the leading U.S. Commodity Futures Trading Commission-regulated exchange. The investment bank will act as an introducing broker, arra…

Seneca Resorts & Casinos will begin a $47 million renovation of guest rooms at Seneca Niagara Resort & Casino in October, updating 594 rooms and suites across 22 floors of the 26-story property. The project covers 394,000 square feet and represents the first major overhaul of the guest rooms since…

Allwyn UK has appointed Phil Walker as interim CEO after Andria Vidler stepped down. Vidler's term comes to an end following the completion of key Fourth National Lottery licence transition milestones. Since Allwyn was awarded the licence in September 2023, Vidler led upgrades to technology and inf…

Following the launch of new studio Playzaar, Gambling News sat down with Mr. Zaar, CEO, Finder of Play, and the brand’s most mysterious hire. We managed to pin him down for a few questions about games, players, partners and why he has strong opinions about casino lobbies. First things first, who ex…

Bally’s Corp. could sell its development rights surrounding the Athletics’ planned Las Vegas ballpark, with an interested buyer considering the $1.1 billion mixed-use project as the company prepares to proceed with the first phase if no transaction is reached, the Las Vegas Review-Journal reported.…

Amid concerns regarding Bally’s (NYSE: BALY) financial health and its ability to procure capital for crucial projects, shares of Gaming and Leisure (NASDAQ: GLPI) pulled back in recent days, but one analyst believes that retrenchment may create a buying opportunity. Shares of the real estate invest…

BetMGM has launched a new progressive jackpot feature in Michigan, giving online casino players the option to place additional wagers for a chance to win prizes across more than 200 eligible games. The BetMGM Jackpots feature allows players to place an optional $0.10 SideBet on qualifying wagers. T…

EFL Championship outfit Bristol City is reportedly the subject of interest from business mogul and Kaizen Gaming owner George Daskalakis. Sky News reported this morning that Daskalakis, Chief Executive Officer and Co-Founder of Kaizen, which operates the well-known Betano brand, “is in talks to buy…

Prediction-market trading linked to the US midterm elections has already surpassed the total recorded during the entire 2024 congressional election cycle, highlighting the rapid expansion of the sector ahead of November's vote. The Anti-Corruption Data Collective (ACDC), a non-profit research and a…

Employees of MGM Resorts International, the largest US casino operator by gaming revenue, are giving back to the communities where they live and work. Las Vegas-based MGM Resorts announced on Tuesday (Aug. 18) the recipients of more than $4.6 million in charitable and nonprofit giving through the c…