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Richard Tousignant's latest articles

Atlantic City Casino Revenue Soars Past Pre-Pandemic Figures
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Atlantic City Casino Revenue Soars Past Pre-Pandemic Figures

On Monday, the New Jersey Division of Gaming Enforcement (DGE) presented gross operating profit data for its casino industry. According to those figures, there was a total of $155.6 million in profits on net sales of $719.8 million. For all nine Atlantic City casinos, profit margins were higher in the first quarter of this year […]
Another Metaverse-Based Casino on The Spotlight Over NFTs
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Another Metaverse-Based Casino on The Spotlight Over NFTs

A 22-page emergency cease-and-desist order has been issued against the metaverse-based Flamingo Casino Club. The order came from state securities boards in Texas, Wisconsin, Kentucky, New Jersey, and Alabama. The order lays out the boards’ allegations of fraudulent assertions. The casino, they claim, is nothing more than a “high-tech con”. As a result, they have […]
MGM Resorts International Offers to Acquire LeoVegas
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MGM Resorts International Offers to Acquire LeoVegas

On Monday, MGM Resorts International announced a $607 million deal to purchase LeoVegas AB, a Swedish online gaming company. This move paves the way for the American casino operator’s ambitious plan to expand and grow in the lucrative European gambling market. In its offer, MGM submitted a recommended public tender offer for 61 crowns ($6.20) […]
Caesars Entertainment Signs Lucrative Market Deal with RateGain
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Caesars Entertainment Signs Lucrative Market Deal with RateGain

Caesars Entertainment, Inc. (Caesars), the biggest casino corporation in the United States, has this week chosen RateGain Travel Technologies Limited (RateGain), a supplier of SaaS solutions for travel and hospitality, to deliver real-time rate intelligence to increase hotel performance, profitability, and RevPar. The lucrative partnership deal is part of Caesars’ ambitious attempts are remaining at […]
New York Budget Affirms Plans for Downstate Casinos
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New York Budget Affirms Plans for Downstate Casinos

Lawmakers in the Empire State have recently unveiled a budget that gives a clear overview of the state’s long-awaited gambling expansion. According to some clauses of the budget, the state is now fast-tracking the procedure that will see to the launch of up to three Las Vegas-style commercial gaming venues. It will start with a […]
White Hat Gaming Inks New Partnerships for US Market
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White Hat Gaming Inks New Partnerships for US Market

White Hat Gaming is making a huge play for the United States gambling market with some very strategic moves. These include the debut of its White Hat Studios as well as a lucrative partnership agreement with BetMGM which is one of the country’s leading online gambling operators. Thanks to the partnership agreement, White Hat will […]