2301 stories by Erik Gibbs
Catena Media Wraps up Share Buyback, Nets 2.3 Million Shares
Catena Media, the media company that built an empire focusing on the gaming industry, now has more shares in its possession. It has wrapped up a share buyback program it began in September, adding 2.3 million to its collection. Catena announced the...
South Korea’s Paradise Co. Watches as Revenue Drops More than 50 Percent
The latest results to hit Paradise Co might be a prelude of more trouble to come. The South Korean casino operator reported a month-on-month freefall of 53.6% in November sales. With COVID-19 once again causing concern, more trouble could lie ahead. Paradise...
Thailand to Explore Integrated Resorts to Spur Post Covid-19 Economy
Thailand might become the next country to embrace the integrated resort (IR) market. Its Parliament is reportedly soon to investigate whether casino gaming could be introduced to the country. Last week, Thailand's Parliament showed overwhelming support for the idea of exploring a...
New Gambling Admission from UK Cricket Player Could Force Policy Changes
A professional cricket player in England with a penchant for gambling found relief through the Professional Cricketers' Association (PCA). Azeem Rafiq ran up gambling debts that the PCA covered for him. The revelations come as the PCA is fighting major discrimination claims....
Japanese Prefectures Begin to Doubt Financial Capabilities of Casino Partners
Nagasaki, Japan is calling out Casinos Australia. At a public meeting today, an attendee questioned the tentative cost of the integrated resort (IR) backed by that company. Members of Nagasaki's government met today to discuss the state of the IR planned for...
Tombola to Require Dutch Affiliates to Pay to Show Compliance
As the Netherlands advances its online gaming market, one company wants to make sure it doesn't pay the price for its affiliates' actions. Online bingo site Tombola is going to require affiliates to complete a compliance check. Tombola, just acquired by Flutter,...
South Korea Returns COVID-19 Travel Regulations, Squashes Gaming Recovery
South Korea is bringing back travel and quarantine requirements for new arrivals into the country. This is bad news for the countries casinos, one of which just celebrated a potential sign of economic recovery. The restrictions cover anyone entering the country, including...
Universal Hotels and Resorts Advances Nustar Resort and Casino in the Philippines
In spite of the obstacles COVID-19 brought to the global casino industry, Universal Hotels and Resorts is moving forward. The company is almost ready to deliver a new resort to the Philippines, with its Nustar Resort and Casino coming to Cebu next...
Greentube Alderney Hit With Massive Fines Over Money Laundering Failings
Novomatic-owned Greentube Alderney has become the latest target of the UK Gambling Commission (UKGC). The online gaming operator has been slapped with fines tied to two of its platforms, admiralcasino.co.uk and bellfruitcasino.com. According to the UKGC, Greentube failed to uphold their responsibilities...
Imperial Pacific Magically Finds $2m to Stop Asset Auctions
Imperial Pacific International (IPI) continues to prove it can work miracles. The company behind the now-shuttered Imperial Palace casino in Saipan just pulled a rabbit out of its hat. It founds some money that, for now, will stop a series of auctions...
