Day: April 24, 2024
Inflation, Interest Rates Weighing on Gaming Industry M&A, Says Analyst
Entering this year, it was widely expected that the Federal Reserve would pare interest rates from 20-year highs, potentially unleashing a wave of mergers and acquisitions activity in the casino gaming industry, but that scenario hasn’t materialized. The Las Vegas Strip. High interest rates are weighing on gaming industry mergers and acquisitions activity, says an…
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Crown Resorts Retains Coveted Sydney Casino License After Corp. Transformation
Australian casino giant Crown Resorts has been deemed suitable to continue possessing a gaming license in New South Wales (NSW) after the embattled organization underwent a corporate overhaul in recent years. Crown Sydney has been found suitable to continue holding a casino license in New South Wales. The regulatory inquiry outcome is a major win…
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Pennsylvania Online Gaming Amendment Bill Filed to Remove Credit Card Deposits
Legislation in Pennsylvania seeking to amend rules regarding how players fund their online gaming accounts has been filed in the Harrisburg capital. Online gamblers in Pennsylvania can use their credit cards to fund their internet wagering accounts. Several state senators are concerned online gambling on credit is only worsening the state’s consumer credit card debt…
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