Articles by Erik Gibbs

A New York State Senate committee has voted in favor of legislation that would enable a casino complex next to Citi Field in Queens, NY. The decision comes as competition for the three available licenses remains tight.

Sega Sammy Holdings has finalized its acquisition of Stakelogic BV, a Netherlands-headquartered B2B provider of iGaming content. The company announced the completion of the transaction on April 28, confirming that Stakelogic has officially become a subsidiary following the satisfaction of all conditions required for the deal to proceed.

Melco International has announced that its City of Dreams Sri Lanka venture is still on schedule to open in the third quarter of this year. The launch could conflict with the country's plans to introduce online gambling.

MGM Resorts International has been cleared in a lawsuit by a New Jersey resident who claimed to have lost nearly $25 million due to a gambling addiction. A three-judge panel of the U.S. Court of Appeals for the Third Circuit affirmed on Monday that MGM cannot be held responsible for encouraging the plaintiff, Sam A. Antar, to engage in high-stakes online gambling through its platforms.

Austria-based gaming equipment supplier Novomatic AG has outlined its plan to purchase all remaining shares of Ainsworth Game Technology Ltd. At present, Novomatic owns 52.9% of Ainsworth’s shares and is aiming to complete a full acquisition through a newly proposed transaction.