GVC Holdings has further reinforced its status as a truly international major player in the global gambling market with the purchase of a controlling 51% share in Crystalbet, a market-leading online gaming firm based in the Republic of Georgia. The price for the deal came in at just over €51 million, and GVC has also […]
Bluberi stresses personal touch in slot manufacturing
Mike Starzynski emphasizes a “hyperlocal” approach to understanding what casinos and their players want from slot machines. That includes analyzing the customers that frequent a casino, and developing new games quickly. “Whether they’re low-income players or high-end players, we understand the culture behind [why] these people are playing,” said Starzynski, the CEO of Bluberi, a […]
Analyst: Closure of Mirage and Tropicana “earnings catalyst” for mid-tier Strip properties
A Wall Street analyst said the closing on July 17 of The Mirage, combined with the already-closed Tropicana, should catalyze higher rates for operators of hotels up and down the Strip during the second half of 2024. John DeCree, director of equity research at CBRE, said in a note to investors that the reduction of […]
Cosmopolitan opens doors to what execs hail as next generation of Las Vegas hotels
The Cosmopolitan of Las Vegas opened to the public on schedule Wednesday as locals joined tourists in exploring the Strip’s latest hotel-casino — and probably the last to open over the next decade as Las Vegas and the gaming industry recover from a weak economy. With 10 seconds before the doors opened at 8 p.m., […]
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