Casino
Canadian expansion helped boost VICI Q3 performance
VICI Properties, a NYSE-traded real-estate trust company, owns 54 gaming properties across the US and Canada. Its portfolio includes some of the most iconic gambling destinations in North America, such as Caesars Palace, Borgata, MGM Grand, and Mandalay Bay.VICI recently expanded its portfolio…
VICI Properties revenues up 20.3% in Q3 amid acquisition of four Canadian casinos
VICI Properties has reflected positively on its Q3 financial report after increasing revenues to C$1.25bn (US$904.3m) during the three-month period.The number represents a 20.3% increase YoY while net income, attributable to common stockholders, increased YoY to C$769.3m from C$457.6m.…
Playtech & FanDuel partner to push live casino content in Canada
Playtech has joined forces with FanDuel in a new partnership that will see branded live casino content launched on its Canadian platform.As part of the deal, Playtech has built a dedicated live casino studio - based in Riga, Latvia - to serve FanDuel Canada and provide casino games like…
Caesars Windsor invites Michigan casino-goers amid Detroit casino workers strike
Casino-goers in Michigan are being encouraged to cross the border and visit Caesars Windsor in Ontario while the casino workers' strike in Detroit continues to cause disruption across sites.The invite has been extended by the CEO of Tourism Windsor-Essex Pelee Island (TWEPI), Gordon Orr, and…
OLG makes Q2 gaming revenue payments to partners
Ontario Lottery and Gaming Corporation (OLG) has issued over $40m in Q2 to 29 communities that host gaming facilities.Highlighting the news in a press release on the OLG website, the Crown corporation reported total payments of $40.33m for the period July 1 - September 30, bringing the total to…
Great Canadian Entertainment gears up for Hard Rock Casino Vancouver rebrand
After a decade under its current guise, Hard Rock Casino Vancouver will soon change name to Great Canadian Casino Vancouver, Great Canadian Entertainment has confirmed.The name change is part of a significant transformation that will see Great Canadian Casino Vancouver become one of the…
Senate Holds Second Reading of First Nations Gambling Bill
Four months after its first reading on the Senate floor, S-268 got a second reading in Ottawa.Bill sponsor Sen. Scott Tannas has never sponsored a bill before but explained to his peers he felt the issue was important enough to take action.Here is how Tannas summed up the measure:"Simply…
Report: Gateway Casinos seeking C$2.72bn ahead of potential sale
Gateway Casinos & Entertainment is ‘considering a sale or other strategic options’, according to a report by Bloomberg.The financial news and information provider claims ‘people with knowledge of the matter’ have informed Bloomberg that Gateway Casinos has hired Morgan Stanley and Macquarie…
OLG releases RFP for new Windsor casino operator
The Ontario and Lottery Gaming Corporation (OLG) has stepped up its quest to find an operator for its Windsor casino by releasing Request for Proposal (RFP) documents to pre-qualified proponents.OLG released a Request for Pre-Qualification (RFPQ) to identify a ‘highly qualified’ operator back in…
iGO reports downturn in Q2 gaming revenue despite record wagers
iGaming Ontario (iGO) has released its FY23-24 Q2 market performance report, revealing a 8.3% decline in total gaming revenue for the three-month period.The report covers the second quarter of the 2023-24 fiscal year, July 1 - September 30, and includes information on all operators with gaming…