Business
November 23, 2023
Entain Faces Investor Uprising as Activist Hedge Funds Demand Change
Entain, the owner of Ladbrokes and Coral brands, is grappling with mounting pressure from two additional US activist hedge funds, Dendur Capital and Sachem Head Capital Management, joining Eminence Capital in expressing concerns about the company’s stagnant share price and the leadership of CEO Jette Nygaard-Andersen. New York-Based Hedge Funds Stealthily Invest Amidst CEO Criticism […]
Business
November 22, 2023
Intelitics to Power Novig’s Affiliate Programs in Colorado
Sports betting operator Novig has formed a new partnership with Intelitics. Under the deal, the performance specialist will power Novig’s affiliate programs and paid channels. The operator will also secure access to the provider’s award-winning platform and product and feature suite. The agreement comes ahead of Novig’s launch in Colorado and will help it manage […]
Business
November 21, 2023
Catena Media Completes Divestment of Italian Assets, Wraps up Strategic Review
Catena Media, a leading iGaming affiliate, announced that it has completed the divestment of its Italian sports and casino assets in two deals totaling EUR 19.8 million ($21.7 million). The company, which just posted its Q3 results, has been restructuring its business for over a year now. One of the transactions has now been closed, […]
Business
November 21, 2023
Catena Media Posts Lower Q3 Results Amid Restructuring Efforts
Catena Media, a company that creates content-rich websites that help users navigate the complex world of online sports betting and casino gaming, has published its Q3 results, reporting a favorable net cash position despite a Q3 revenue drop. As reported by the company, its revenue decreased by 28% year-on-year to EUR 15.9 million ($17.4 million, […]
Business
November 21, 2023
ESPN Bet Launch Propels Penn Entertainment’s Stock
Last week marked the debut of ESPN Bet, the newly rebranded sports gaming app owned by Penn Entertainment. The new sports gambling app launched for 17 US states, entering important markets such as New Jersey, Pennsylvania, Colorado, Iowa, Maryland and Michigan, among others. The latest launch comes after a $1.5 billion deal announced between Penn […]
Business
November 20, 2023
Gambling Revenue in New Jersey Soars, up by 9.3% For October
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report, uncovering details regarding the performance of licensed operators for October. Released Friday, the new report revealed that October marked a strong month for the gambling sector in the state with total gaming revenues hitting $487.1 million. A year-over-year comparison […]
Business
November 17, 2023
G4 Re-Certifies Two of IGT’s Divisions
International Game Technology, a global leader in the provision of gaming tech and solutions, announced that it has once again achieved responsible gaming certification for two of its divisions. According to the company, its Global Gaming and PlayDigital operations continue to boast accreditation from the Global Gambling Guidance Group (G4). G4 is a group that […]
Business
November 17, 2023
Moody’s Improves Melco’s Rating amid Strong Recovery in Macau
The Investors Service of the credit rating agency Moody’s has upgraded the credit rating of Melco Resorts & Entertainment, a major Asian casino company. Previously negative, the company’s rating has now been updated to Ba3, signifying its improving stability. The update comes in the wake of the publishing of the quarterly results of Melco’s City […]
Business
November 16, 2023
Better Collective Reports 26% Revenue Growth in Q3
The leading digital sports media group that owns national and international sports media, Better Collective, has published its interim report for Q3. The company reported “continued strong performance across the group”, as explained by the chief executive officer and co-founder, Jesper Søgaard. Transition Into Recurring Revenue, “Faster Than Expected” The group’s CEO also took the […]
Business
November 16, 2023
888 Highlights Responsible Gaming Efforts Amid Safer Gambling Week
888, the company that acquired William Hill earlier this year, provided insights into its efforts to promote responsible gambling across its retail business during the ongoing Safer Gambling Week. According to the company, the initiative is a great opportunity to reflect on its progress. Mark McCaffrey, the company’s head of compliance policy, retail & sportsbook, […]
