Casino Shares Plummet After Credit Downgrade – A Reminder for Businesses to Adapt and Innovate

As of March 24, 2023, Casino’s shares have plummeted on the Paris stock exchange after Moody’s downgraded the company’s credit rating. The financial rating agency cited concerns over the company’s debt performance and financial stability, which caused investors to panic and sell their shares. According to Moody’s, the downgrade reflects Casino’s high degree of financial … Read more

The Impact of Credit Ratings on Businesses: A Case Study of Casino’s Downgrade by Moody’s

about the impact of credit ratings on businesses. On Friday, the shares of French retailer Casino took a significant hit, dropping by 16%, after Moody’s cut its long-term debt rating. Moody’s announced this downgrade due to concerns over Casino’s ability to tackle its debt levels, which have increased significantly in recent years. As one of … Read more

PointsBet Advertisements at the University of Colorado Draw Heavy Criticism

PointsBet advertisements target young Colorado audience As the sports betting companies’ advertisements continue to stir controversy, practices used by PointsBet Sportsbook at the University of Colorado are under the microscope. signage displayed during university events such as commencement and new student orientation Denver-based PointsBet is the corporate sponsor of CU Boulder’s athletics program and is … Read more

A Decade of Doom Is Approaching the Los Angeles Lakers 

The Los Angeles Lakers are in trouble The Los Angeles Lakers, champions of the NBA just three years ago, are caught between the rock of the present and the hard place of the future. injuries, miscalculated trades, aging stars, poor coaching decisions A multitude of issues have befuddled the Lakers ever since their run to … Read more

Will Kick be the Final Destination for Twitch’s Most Controversial Streamers?

Big names make the move Many prominent Twitch streamers have recently begun to transition to the newer streaming site Kick. They have praised it for its laissez-faire attitude to controversial behavior and stance on unregulated gambling content, which is completely permitted unlike on Twitch. Now, the platform is gaining even more attention as streaming’s most … Read more

EPL Striker Ivan Toney Admits Breaching FA Betting Rules, Refutes Some Charges

Confessions and denials English Premier League (EPL) striker Ivan Toney has admitted to breaching English Football Association (FA) betting rules but has denied some of the 262 charges. facing a six-month ban at minimum According to Sky Sports News on Wednesday, the Brentford City target man is facing a six-month ban at minimum if the … Read more

Ohio Sports Betting Surpasses $1bn Handle Mark in First Month

Out of the blocks The total sports betting handle in Ohio’s first month of operations reached $1.1bn. The Ohio Casino Control Commission (OCCC) released the January figures on Tuesday. Sportsbooks generated revenue of almost $209m from the $1.1bn handle. most of the bets were placed through online sportsbooks The OCCC noted how most of the … Read more

Will New York’s Sportsbook Advertising Regulations End the Marketing War?

Sportsbook advertising regulations Recent regulations on sportsbook advertisements may have doused the flaming rivalry for control of the market—at least for the moment. New York became the latest state to act in an area that has troubled many nationwide and worldwide, enacting regulations on Monday that prohibit marketing to underage individuals. Many other states, both … Read more

Opinion: BetMGM’s New Responsible Gambling Pledge Is a Joke

BetMGM’s “prominent” display It was barely news. BetMGM dropped a presser about how it is going to make the “Gamble Responsibly” wording on its ads and apps bigger. The operator plans to make the wording pop on its digital and social platforms, billboards, and on-property signage. So far so anodyne. Upon further reading, it became … Read more

Tip-Off From Corrupt Cop Fails to Save Gambling Ring

Seven men from the town of Rochester, New York find themselves charged after a complex seven-month police sting came to fruition. Police claim the seven men were members of an illegal online gambling ring, run largely through a site called Authorities say the business earned $10m over five years. The Department of Homeland Security, … Read more