GAM

P&G Adjusts Sales Forecast Amid Uncertain Market Conditions

1 month ago

Procter & Gamble (P&G), a leading name in consumer goods, has revised its sales guidance, attributing the change to ongoing volatility in market conditions. This adjustment underscores the challenges faced by many companies in navigating economic uncertainties and fluctuating consumer behavior.

P&G and Coca-Cola Under Investigation: EU's Antitrust Watchdog Launches Unprecedented Raids

2 months ago

In a significant move, the European Union’s antitrust regulators have launched surprise raids on the offices of Procter & Gamble (P&G) and Coca-Cola amid allegations concerning anticompetitive practices. This bold action signals the EU’s commitment to enforcing competition laws strictly and ensuring a level playing field in the marketplace. The raids took place on April 10, 2025, as authorities sought to gather evidence related to suspected violations of EU antitrust regulations.

Hedge Fund Fermat Left Reeling After GAM Termination of Contract

2 months ago

In a surprising turn of events, Fermat Capital Management, a hedge fund known for its innovative investment strategies, has publicly expressed shock and dismay following the abrupt termination of its contract by GAM Holding AG. This unexpected decision came as a significant blow to Fermat, which had been heavily reliant on its partnership with GAM for key aspects of its operations.

Bank of America's Strategic Move: New Global Head for Real Estate, Gaming, and Lodging Sector

2 months ago

In a noteworthy shift within its corporate structure, Bank of America (BofA) has appointed a new global head of its Real Estate, Gaming, and Lodging (REGAL) division. This strategic decision comes as the bank seeks to strengthen its footprint in these rapidly evolving markets. The newly appointed leader, bringing a wealth of experience and insight, is expected to guide the bank towards innovative solutions and broaden its client services in these sectors.

Minecraft Movie Dominates Box Office with Record-Breaking Opening

2 months ago

The highly anticipated "Minecraft" movie has taken the box office by storm, raking in an impressive $157 million during its opening weekend, marking it as the best debut of 2025 so far. This remarkable financial achievement underscores the immense popularity of the game franchise and its ability to translate effectively onto the big screen.

Wynn Resorts' Defamation Case Hits a Dead End as Supreme Court Declines to Hear Appeal

2 months ago

In a significant development for the gaming industry, Wynn Resorts' attempt to revive a defamation lawsuit was thwarted by the United States Supreme Court, which recently declined to accept the case. This ruling effectively upholds lower court decisions that ruled against the company in a high-profile dispute involving accusations of sexual misconduct against its former CEO, Steve Wynn.

Nintendo Switch 2 Poised for a Record-Breaking Launch: What Gamers Can Expect

3 months ago

In an exciting development for the gaming world, Nintendo is gearing up for the launch of its highly anticipated successor to the Switch console, aptly named the Nintendo Switch 2. Scheduled for release in the near future, reports indicate that this new device is set to take the gaming market by storm, potentially achieving the biggest launch in gaming history despite a price point likely exceeding $400.

Star Entertainment Faces Urgent $157 Million Capital Offer from Bally's

3 months ago

In a critical development for Star Entertainment Group, the company is currently contemplating a pivotal $157 million capital injection proposed by Bally’s Corporation. This potential financial boost comes at a time when Star is grappling with significant financial challenges, raising questions about its future operational stability and strategic direction.

Star Entertainment Secures Last-Minute Casino Deal to Avoid Financial Collapse

3 months ago

In a crucial development for Australia's gaming industry, Star Entertainment has successfully negotiated a last-minute deal that has prevented the company's imminent collapse. This agreement comes amid ongoing financial turmoil and increasing pressures due to heightened regulatory scrutiny concerning the management of its casinos.

Thailand Set to Abolish 1.5 Million Baht Rule for Local Casino Access

3 months ago

In a groundbreaking move, the Thai government is poised to lift the existing financial threshold that has restricted local residents' access to proposed casinos across the country. The controversial rule, which required citizens to show proof of assets exceeding 1.5 million baht (approximately $45,000), has sparked debates about the accessibility of gambling for Thais and its implications for responsible gaming.