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Business
December 23, 2024
XLMedia Outlines Further Redundancies Affect the Company’s CEO
A new update submitted by XLMedia, a digital performance marketing firm, outlines its restructuring of the Board of Directors which will also see the position of chief executive officer made redundant. Board Members and CEO to Go in the Summer of 2025 The changes outlined for the Board will come into effect in the second […]
Business
December 20, 2024
Playtech Investors Greenlight Disputed Executive Bonus Package
Late in November, we reported that Playtech investors are expected to vote on a €100 million ($109 million) executive remuneration proposal. The proposed bonus plan for key executives and new long-term incentive proposal followed the announcement about the sale of the company’s business-to-consumer (B2C) arm, Snaitech, to Flutter Entertainment in a £2.3 billion (approx. $3 […]
Business
December 20, 2024
FanDuel Reclaims Dominance in US iGaming for November
There are currently two betting and gaming companies in the United States that dominate the iGaming and sports betting vertical. That’s the case of DraftKings and FanDuel with each competing not only against other rivals but against each other. On the heels of a recently requested antitrust investigation into the duo, an expert analyst highlighted […]
Business
December 17, 2024
XLMedia Plans £16M Tender Offer in 2025 as Part of Business Wind-Down
XLMedia PLC, a digital media affiliate company listed on the Alternative Investment Market (AIM), plans to start a £16 million ($20.2 million) tender offer in early 2025. This move is part of its plan to close down operations and give value back to shareholders. XLMedia Evolves into Cash Shell Entity Post Asset Sales XLMedia made […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Business
December 17, 2024
Playtech Chief Security Officer Resigns After Seven Years
Daniel Liber has quit his job as Playtech‘s chief security officer (CSO) ending his seven-year stint with the FTSE 250-listed tech company. From CyberArk to Playtech: Daniel Liber’s Impactful Cybersecurity Career Liber started at Playtech in December 2017 as director of application security. He then moved up through different positions before taking on his latest […]
Business
December 16, 2024
LeoVegas Joins European Gaming and Betting Association
Following its October launch in Sweden via its international hero brand, BetMGM, and its Germany launch at the end of November, the leading international iGaming company with a clear vision to create the world’s greatest online gambling experience, LeoVegas Group, has fresh news. The group that offers online casino, live casino, and sports betting via […]
Business
December 16, 2024
Jefferies Praises Gambling.com’s OddsJam Acquisition, Reiterates Buy Rating
Gambling.com, a fast-growing provider of digital marketing services to the global online gambling industry, recently announced its historic acquisition of B2C company OddsJam. The transaction has since received acclaim from business experts, including Jefferies Equity Research. Gambling.com’s Business to Surge, Analyst Believes Jefferies Equity Research analyst David Katz expressed confidence that the deal will benefit […]
Business
December 13, 2024
Caesars Completes LINQ Promenade Sale, Repays Debt
American casino and hospitality giant Caesars Entertainment announced that it has completed the sale of its LINQ Promenade in Las Vegas. The sale of this Las Vegas asset was announced earlier this year and aligned with the casino and hospitality giant’s debt reduction goals. Caesars Used the Money for a Debt Prepayment Caesars agreed to […]
Business
December 13, 2024
Prime Sports Cleared for Launch in Kentucky, Hopes to Go Live by May
Online sports betting operator Prime Sports is preparing for a foray into Kentucky. Expected to launch in time for May’s Kentucky Derby, the wagering company is set to collaborate with local powerhouse Churchill Downs. No Limits for Pro Bettors, Prime Sports Promises Prime Sports has successfully procured a license from the Kentucky Horse Racing and […]
