Melco Resorts & Entertainment (NASDAQ: MLCO) could see its earnings per share surge over the next several years as Macau continues its post-coronavirus rebound. But its credit rating and outlook could remain challenged for some time.

That’s the view of Moody’s Investors Service, reiterating a junk rating of “Ba3” with a “negative” outlook on the City of Dreams operator in a recent report.

The rating affirmation reflects our expectation that Melco group’s financial

Jason Ader’s 26 Capital Acquisition Corp. (NASDAQ: ADER) called a recent countersuit by the casino’s parent company “desperate.” That’s the same blank-check company attempting to bring Okada Manila public in the US.

The special purpose acquisition company (SPAC) was recently hit with litigation by Okada Manila parent Universal Entertainment Corp. (UEC) and related affiliates in the Delaware Court of Chancery. The suit filed by UEC and the other parties

Brentford FC manager Thomas Frank says the six-month ban England’s Football Association (FA) is expected to hand down to striker Ivan Toney for gambling infractions will be like a “prison sentence” for the troubled soccer star.

Frank criticized the “mixed messages” around gambling in English soccer in his first time speaking about the looming ban. He also said it was “unbelievably hard” that Toney would be punished b

Philippine Amusement and Gaming Corp (Pagcor) announced on Tuesday that its state-owned casinos would be sold for PHP80 billion (US$1.47 billion).  An important step for Philippines casinos: Alejandro Tengco, a Pagcor Chairman and Chief Executive, spoke at the ASEAN Gaming Summit in Manila, commenting on the privatization. He said: “We are seriously considering the privatization […]

A Maryland iGaming bill seeking to authorize online casinos with interactive slots and table games faces long odds of passing this year after the state legislature moved past its “Crossover Day” without acting on the gaming expansion measure.

Crossover Day is the deadline for guaranteeing that a piece of legislation passed in one chamber of the Maryland General Asse

The majority shareholder of Imperial Pacific International (IPI) still believes the company deserves to hold on to its casino monopoly in Saipan. Cui Lijie, who was once described by her own attorney as “incompetent” as the head of the company, is confident IPI can find the money it needs to continue with the shuttered Imperial Palace project.

Cui participated in an inter

The National Hockey League (NHL) in Finland gets a new Official Sportsbook. Veikkaus, a new provider of popular hockey content, will gain access to the content, which will improve its customers’ experience and let them enjoy authentic and improved sports betting. NHL for Finns: Tuomo Torkkola, Relationship Manager at Veikkaus, said: “The NHL is one […]

Blueprint Gaming, a leading UK-based game studio, has signed a licensing agreement with the US innovative games and technologies supplier Galaxy Gaming. The B2B partnership will have a range of Galaxy Gaming’s table games – including Side Bets – launched through Blueprint Gaming’s network, which will refresh the gameplay to enhance engagement potential and secure […]

Atlantic City residents interested in becoming casino table game dealers can receive free training through a county-supported initiative.

The Atlantic County Workforce Development Board announced Monday that county residents now qualify for complimentary table game dealer training. The six-week courses will be held at the Atlantic County One-Stop Career Center in Pleasant

The defending World Series champion Houston Astros won’t have second baseman Jose Altuve in the Opening Day lineup after he sustained an injury during the World Baseball Classic.

While playing for his home country of Venezuela in the WBC, Altuve fractured his right thumb in a game against the USA in the quarterfinals. He was hit by a pitch in the fifth inning by an errant fastball from Daniel Bard.