News

This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New York City was a wake-up call for the embattled hospitality industry, especially in urban markets suffering from a coronavirus-driven tourism drought.

The move follows a decision earlier this week by Ashford Hospitality to hand over the keys to its recently purchased Embassy Suites in Midtown West to its lender after the real estate investment trust fell behind in debt payments.

To prevent the spread of COVID-19, the Cabinet of Ministers of Ukraine has decided to prolong the adaptive quarantine in the country until December 31, 2020. Besides, the government has toughened the rules for mass events. Restrictions have touched upon the number of attendees at such events.

Three online gambling operators have been investigated by the Gambling Commission for social responsibility and money laundering failures as part of the Commission’s ongoing drive to raise standards through its tough enforcement action. 

BGO Entertainment Limited, GAN PLC and NetBet Enterprises Limited were all subject to licence reviews following a number of failures which included not doing enough to keep consumers safe and failing to prevent money laundering and criminal spend.

The law on the legalization of gambling did not take into account the recommendations of the National Agency for the Prevention of Corruption. In total, the agency has conducted 20 anti-corruption examinations of draft regulations since June.

Madrid, 21 October 2020. - Codere launches new pieces of its global campaign "Football is uncomplicated, like Codere" by the hand of Real Madrid C.F.

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It’s a strange time to enter the hospitality industry and it’s even stranger for this company to do so, but Atari Hotels are coming soon to a major city near you. The venture was first announced earlier this year, when Atari revealed they had entered into a deal with GSD Group to create a chain of arcade-inspired hotels. Earlier today, we got our first glimpse of just how these accommodations will look.

LONDON, Oct. 13, 2020 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company is leading the evolution of casino operations with its Resort Wallet™ cashless solution at the newly reopened Resorts World Catskills Casino and Resort ("Resorts World Catskills") in Monticello, N.Y., a subsidiary of the Genting Group.

The latest achievement of the sports betting and gaming supplier BetConstruct in the legal field is the newly secured Combined Remote Operating Licence for Virtual Sports.

The AGEM Index increased by 48.85 points in September 2020 to 530.87 points, a 10.1 percent gain from August 2020. Five of the 13 AGEM Index companies reported stock price increases despite downward trends in major U.S. stock indices in September.

The stock price for Scientific Games Corporation (SGMS) increased by 68.7 percent, accounting for a 37.05-point improvement in the AGEM Index, while Konami Corp. (TYO.9766) experienced a 11.1 percent stock price jump that led to an index contribution of 10.87 points.