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Online Casinos Market is Expected to Reach US$ 18882.85 Million by 2027, Growing at a CAGR of 10.2% Over the Forecast Period, Owing to Growing Adoption of Online Gaming Services Across the World in Lockdown Conditions, says Absolute Markets Insights

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Some of the players operating in the online casinos market are BeSoftware N.V. (Lucky Red Casinos), BetFair, Betway Limited, BoVegas.com, Cherry Gold Casinos, GVC Holdings PLC, Infinite Visions (Casiplay.com)

The outbreak of COVID-19 has led various countries to inculcate situations of lockdowns and social distancing for preventing the growth in patients. In such initiatives, people have been instructed to stay in their homes as long as possible. This has provided industries such as retail, which may be traditional or online, healthcare as well as media and entertainment with increased demand. The gaming sector has seen a radical spike in player figures across the globe. In regions, wherein online gambling and online casino games have been deployed, the figures for players and their earnings have been observed to be growing at a significant pace.

Online casino games provide users with a unique experience through the variety of games in the respective catalogues of the market participants. Players can choose from skill-based games from card-based games or more casual games such as slots and roulette. These characteristics of the market offerings are providing the market with an opportunity to cater to the gaming requirements of the overall target audience. As a measure to make the offerings gamer-focused, companies have been investing towards integrating anti-cheat technologies. This is expected to improve the player experience and lead towards longer player-provider relationships. These factors are expected to aid the growth of the global online casinos market over the forecast period.

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The detailed research study provides qualitative and quantitative analysis of online casinos market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

The card-based games are expected to hold a major share of the market as compared to the other types of games in the market. The significant demand for skill as well as the overall rewards system are expected to aid the growth of the segment in the market.
On the basis of device type, mobile devices are expected to be the major segment over the forecast period. This is primarily due to growing adoption of mobile devices for gaming purposes as well as the location independence offered by the devices which leads to more time elapsed in playing online casino games.
As far as geography is concerned, Asia Pacific is expected to hold maximum share in the global online casinos market over the forecast period. This can be attributed to the changes in regulations on online gambling across the countries in the region. These changes in regulations are expected to provide the market with a wider customer reach which would help in enhancing the revenue figures for the overall market.
Some of the players operating in the online casinos market are BeSoftware N.V. (Lucky Red Casinos), BetFair, Betway Limited, BoVegas.com, Cherry Gold Casinos, GVC Holdings PLC, Infinite Visions (Casiplay.com), Kindred Group plc, LeoVegas Gaming plc, MansionCasinos, Royal Panda Limited, the 888 Group, WHG (International) Ltd, White Hat Gaming (The Grand Ivy Casinos), amongst others.

Get Full Information of this premium report@ https://www.absolutemarketsinsights.com/reports/Online-Casinos-Market-2019-2027-542

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Blake Sartini

Golden Entertainment Announces Leadership Changes

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Golden Entertainment Inc. announced that effective March 20, 2024, Blake Sartini II, Golden’s Executive Vice President of Operations, became the Company’s Chief Operating Officer.

“Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago. His unique knowledge of our Company’s culture, commitment to operational excellence, and strong leadership skills make him the ideal individual to be given responsibility for all our Nevada casino resorts, locals properties, tavern operations and related corporate functions,” Blake Sartini, Chairman and CEO of Golden, said.

Blake Sartini II initially joined Golden in June 2007, working with Golden’s tavern operations and building what is now the largest branded tavern portfolio in Nevada with 69 locations. Currently, as Executive Vice President of Operations, in addition to oversight of Golden’s taverns, he has direct responsibility for the Company’s five local casinos in Las Vegas and Pahrump.

Steve Arcana, Golden’s current Chief Operating Officer, became the Company’s Chief Development Officer also effective March 20, 2024. In this newly created role, Mr. Arcana will be responsible for all new tavern development, finding new third-party food and beverage concepts for the Company’s casino resorts, and exploring opportunities to unlock value in the Company’s excess real estate in Las Vegas, Laughlin and Pahrump. Mr. Arcana initially joined Golden in 2003 and has overseen the Company’s operations as it has grown from a privately held, 900-slot machine route operation to a publicly traded gaming company with casinos in Las Vegas, Laughlin and Pahrump in addition to its significant tavern portfolio.

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“Steve has been with Golden for over 20 years and has been an integral part of growing our business and guiding us through many challenges. Steve has established a strong operating team and has been a consistent leader throughout his decades at Golden. His long history and extensive experience in the industry will continue to benefit the Company in his new role focused on creating value from new tavern development and unused assets in our casino portfolio,” Mr. Sartini said.

“These management changes will allow Golden to focus on maximizing performance in our core operations while exploring opportunities to drive future improvement by bringing potential new concepts to our existing portfolio. I am confident the changes to Blake and Steve’s roles with the Company will position us well to create additional shareholder value,” Mr. Sartini added.

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Barclays Capital Inc

MGM Resorts International Announces Proposed Senior Notes Offering

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MGM Resorts International announced that it proposes to offer $750,000,000 in aggregate principal amount of senior notes due 2032.

The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 6.750% senior notes due 2025. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities, or similar investments.

The notes being offered will be general unsecured senior obligations of the Company, guaranteed by substantially all of the Company’s wholly-owned domestic subsidiaries that guarantee the Company’s other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the Company and each guarantor.

Deutsche Bank Securities Inc., BofA Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and Truist Securities, Inc. will act as joint book-running managers and Goldman Sachs & Co. LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC will act as co-managers for the proposed offering.

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Affiliate Industry

The Nomination Committee’s Proposal of Catena Media’s Board of Directors at the Annual General Meeting 2024

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The Nomination Committee of Catena Media proposed re-election of the following members of the Board of Directors:

Øystein Engebretsen

Theodore Bergquist

Adam Krejcik

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Sean Hurley

The Nomination Committee proposed that Erik Flinck and Dan Castillo be elected as new members of the Board of Directors.

Göran Blomberg, Esther Teixeira-Boucher and Austin Malcomb have declined re-election as board members.

The Nomination Committee proposed that there will be six (6) members of the Board of Directors, changed from seven (7).

The Nomination Committee also proposed Erik Flinck to be elected as Chairman of the Board of Directors.

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Erik Flinck, born in 1980, currently provides high end business consulting combined with serving as Chairman for the digital health startup, dr HUD. Mr Flinck previously served as Head of BCG Sweden and has extensive experience from corporate management, growth and turnarounds from nearly 20 years of Management Consulting and serving as Head of Group Strategy and M&A at Sandvik AB. He has a Masters Degree in Engineering (Software development and Financial Mathematics) from the Royal Institute of Technology in Stockholm and a Masters Degree in Business and Administration from Stockholm University and Stockholm School of Business.

Born in 1980, Dan Castillo has accumulated over 20 years of experience across startups, growth companies and turnarounds. Since 2015, Castillo has invested in Catena Media, maintaining a close watch on its progression, especially after its IPO in 2016. He has previous experience of listed board work in Kotipizza which Orkla acquired in 2018. He currently serves on the boards of five companies in different sectors, including Quartr.com in Fintech and Hope Studios in movie production. His academic background includes studies in Finance and Economics at Linköping University.

The Nomination Committee of Catena Media consists of:

Nicklas Paulson, representing Investment AB Öresund (chair of the nomination committee)

Marianne Stenberg, representing Second Swedish National Pension Fund

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Martin Zetterlund, representing Niklas Karlsson

Göran Blomberg, chairman of the board of Catena Media.

The post The Nomination Committee’s Proposal of Catena Media’s Board of Directors at the Annual General Meeting 2024 appeared first on European Gaming Industry News.

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