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Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Business
February 7, 2024
Svenska Spel Posts 2023 Interim Report, Plans $181M Dividend
Svenska Spel has published its interim report for 2023, highlighting stable revenue. The year saw Svenska Spel earn a total net revenue of SEK 8,029 million ($766 million), in line with last year’s results. This followed a stable fourth quarter in which the company recorded net gaming revenue of SEK 2,121 million ($202 million) – […]
Business
February 7, 2024
Games Global Secures Three Awards, Completes DGC B2B Acquisition
Games Global, a leading iGaming supplier, secured a number of awards as ICE 2024 kicked off. In addition, the company has now completed its acquisition of DGC B2B from Super Group. Games Global Scoops Up Three Prestigious Awards Games Global was recognized at the International Gaming Awards 2024, securing three prestigious accolades. The company was […]
Business
February 7, 2024
Light & Wonder Unveils Strategic Investment in Flows
Light & Wonder has unveiled a strategic investment in Flows, a revolutionary no-code automation platform. The deal will empower Flows, allowing it to scale up its operations and conquer new markets. Light & Wonder is no stranger to Flows’ impressive no-code automation platform and recognizes its potential to benefit the industry. The former company has […]
Business
February 7, 2024
LeoVegas Designates Ben Ingham as UK Country Manager
LeoVegas Group, a leading international iGaming company committed to creating best-in-class iGaming experiences, has reinforced its team with a new industry heavyweight. The one to join the company is the skilled Ben Ingham who boasts years of experience in the sector. As announced by Ingham himself, he will be joining the online gambling powerhouse as […]
Business
February 7, 2024
Barclays Cuts Entain’s Price Target, Downgrades Company to Equalweight
Late last year, Entain faced pressure from activist investors, urging for change in light of a tipping share price trend observed over the year. The announcement came on the heels of the unexpected departure of the company’s CEO, Jette Nygaard-Andersen. Now, Barclays reduced its price target for Entain from 1,120p to 1,070p, downgrading the company […]
Business
February 7, 2024
Kindred Names Nils Andén as Permanent CEO
Kindred Group, one of the world’s leading online gambling operators, announced that its board of directors has decided to appoint Nils Andén as the company’s permanent chief executive officer. For reference, the appointee has been serving as interim CEO for almost a year. Andén was named interim CEO back in May 2023 following Henrik Tjärnström’s […]
Business
February 7, 2024
Gaming and Leisure Properties Expands Portfolio with Tioga Downs Acquisition
Gaming and Leisure Properties, Inc. (GLPI) announced the acquisition of the real estate assets of Tioga Downs Casino Resort in Nichols, New York, from American Racing & Entertainment, LLC, for a sum of $175 million. GLPI Seals Tioga Downs Acquisition with $14.5 Million Annual Rent Agreement The agreement stipulates an initial annual rent of $14.5 […]
Business
February 6, 2024
Better Collective Finalizes Acquisition of Playmaker Capital
Better Collective announced that it has completed the acquisition of Playmaker Capital, a Toronto-based digital sports media group. This is notably Better Collective’s second-largest acquisition to date. The deal saw Better Collective acquire all of Playmaker Capital’s issued shares for a consideration of CAD 0.70 per share. Better Collective covered this deal both in cash […]
Business
February 6, 2024
Light & Wonder Teams Up with RubyPlay, Expands Deal with Everi Digital
Light & Wonder has unveiled a new partnership with RubyPlay that would provide it with access to the latter company’s content. As a result of the deal, Light & Wonder will secure a variety of cutting-edge games, such as the Immortal Ways series and its signature Immortal Ways mechanic. For reference, the mechanic gives players […]
