Bloomberry swings to Q1 loss as gaming revenues decline
Revenue falls to PHP 13.06bn (US$211.58m) amid softer gaming performance and higher interest costs.
Revenue falls to PHP 13.06bn (US$211.58m) amid softer gaming performance and higher interest costs.
The workforce reduction will be carried out through an AI-transformation led initiative and is expected to generate $13m in annualized cost savings for Gambling.com Group.
Caesars Virginia generated the most revenue of any casino property in the state after witnessing growth of 3.3% to $33.5m, including $26m of slot revenue for an increase of 9.6%.
As the hype cycle fades and marketing budgets can no longer rely on novelty alone, Argentina's fintech sector is looking to gaming for its next growth chapter.
Federal investigators carried out more than 30 raids across Argentina as part of a probe into an alleged scheme that recruited public figures to move money through Las Vegas casinos.
White stated that when ‘legal betting is discouraged’ in the US, it ‘hurts the ecosystem’ UFC has spent ‘years’ forming in partnership with state regulators and licensed operators.
Operating loss was also improved over the first quarter as net loss was reduced by 55% year-on-year.
The Chilean Online Betting Platforms Association said the country needs a “modern and effective” regulatory framework for the sector.
Prosecutors are examining complaints involving account blocks, retained balances and alleged failures in self-exclusion measures.
Students joining the Government’s student loan renegotiation program will be temporarily barred from accessing betting platforms.