Galaxy Gaming Launches Monopoly Table Games in the UK
Galaxy Gaming (GLXZ) announce the official UK launch of Monopoly Table Games Progressive, starting with the installation of Monopoly Blackjack Progressive across premier Metropolitan Casinos in London, including Metropolitan Mayfair, Empire Casino, The Sportsman Casino, and Park Lane Club. This milestone marks the debut of Monopoly -branded progressive table games in the UK. Through an exclusive licensing agreement with Hasbro, Galaxy Gaming is the sole table games licensee for Monopoly
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Hasbro, Inc. Faces Investigation After 18% Revenue Decline Announcement
- Revenue Decline: Hasbro reported an 18% year-over-year decline in Consumer Product revenues for Q3 2023, primarily driven by exited businesses, soft industry trends, and a focus on inventory management, highlighting increasing market challenges for the company.
- Guidance Revision: The company revised its full-year Consumer Product revenue guidance from a previously expected decline of 3%-6% to a projected decline of 13%-15%, reflecting a pessimistic outlook that could undermine investor confidence.
- Legal Action: Hasbro and certain executives are facing a securities class action lawsuit for failing to disclose material information, which violates federal securities laws, with ongoing investigations that may further impact the company's reputation and financial standing.
- Investigation Initiated: Kahn Swick & Foti has commenced an investigation into whether Hasbro's officers and directors breached their fiduciary duties to shareholders, and adverse findings could expose the company to significant legal risks.
Teaching Financial Literacy to Kids Begins Sooner Than You Realize
Parental Intentions: Most parents aim to instill good money habits in their children, recognizing the importance of financial literacy as a lifelong skill.
Lack of Interest: Children typically show little interest in personal finance until they face real-life financial responsibilities, such as paying rent after college.
Timing of Awareness: Many young adults only start paying attention to financial matters when they are already in a position of needing to manage their finances.
Catch-Up Challenge: By the time they become aware of financial management, many young adults find themselves playing catch-up in their financial education.
