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Business
December 18, 2023
Entain Considers New Board Appointment to Answer Investor Concerns
Global gaming and sports betting powerhouse Entain remains wracked by turmoil as the recent departure of CEO Jette Nygaard-Andersen and intensifying shareholder pressures may herald a significant deviation from the management’s original long-term plans. The rumors regarding the potential onboarding of Ricky Sandler, one of the most vocal advocates for change, lend further credibility to […]
Business
December 15, 2023
Mohegan’s Q4 Fiscal Results Highlight Growth and Diversification
The Mohegan Tribal Gaming Authority recently released its fourth-quarter fiscal results ending 30 September 2023, showcasing notable strides in revenue diversification despite inconsistent results across some metrics. The company’s dedication to its customers and employees also set it apart from the competition, as management remained confident in its 2024 prospects, placing significant hope in its […]
Business
December 15, 2023
Entain Faces Activist Pressure as Corvex Management Calls for Change
New York-based hedge fund, Corvex Management, has announced its entry into the ongoing drama surrounding FTSE 100 gambling giant, Entain, as it has acquired a significant 4.4% stake in the Ladbrokes owner. Corvex Spearheads Activist Onslaught, Deeming Current State ‘Unacceptable’ Corvex, led by former Carl Icahn lieutenant Keith Meister, has become the latest activist investor […]
Business
December 14, 2023
Bingoal to Launch a Kambi-Powered Sportsbook in 2024
Kambi Group has unveiled a multi-channel sportsbook partnership with Bingoal, a Belgian online and retail gambling and betting operator. Under the deal, Bingoal will leverage Kambi’s market-leading Complete sportsbook across its retail and online business in Belgium and the Netherlands. The deal will see Bingoal replace its current sportsbook provider with Kambi’s best-in-class sports betting […]
Business
December 14, 2023
Light & Wonder Launches iGaming Content in South Africa with Hollywoodbets
Light & Wonder has unveiled a new partnership agreement with Hollywoodbets, a South African betting and gaming operator. Under the deal, the supplier will inject proprietary content into the operator’s platform. This deal will mark Light & Wonder’s foray into the country, expanding its overall global footprint. The entry was made possible by the Mpumalanga […]
Business
December 14, 2023
Light & Wonder Picks Oliver Chow as Chief Financial Officer
The newly-appointed Oliver Chow served as an interim CFO since August and previously worked as SVP of corporate finance. He succeeded at the time Connie James who stepped down from the permanent position to pursue other career opportunities. The Hunt for a New CFO Is Finally Over Chow is a well-seasoned veteran and also an […]
Business
December 14, 2023
OnAir Entertainment Powers Betsson Group with Live Casino Content
Games Global, a leading name within the iGaming content industry, has expanded its existing strategic relationship with the leading online casino operator Betsson Group. Under the deal, the former company will onboard Games Global’s premium live casino experiences to its vast portfolio. To that end, Games Global will leverage its OnAir Entertainment studio to inject […]
Business
December 13, 2023
EPIC Risk Management Rebrands as EPIC Global Solutions
EPIC Risk Management, the world’s leading independent gambling harm minimization consultancy, announced that it has officially rebranded itself as EPIC Global Solutions. The new name seeks to better reflect the company’s global nature and ambition to tackle gambling harm at an international level. To celebrate its new identity, EPIC Global Solutions has unveiled a new […]
Business
December 13, 2023
Crown’s CEO Is Under Investigation for Reinstating Removed Patrons
Ciaran Carruthers, the chief executive officer of the Australian casino and hospitality leader Crown Resorts, is under investigation over allegations that he allowed removed patrons back into the company’s properties. The company’s board has launched an investigation to see if the allegations are correct. As reported by The Australian Financial Review, Carruthers is suspected of […]
Business
December 13, 2023
Entain’s CEO Jette Nygaard-Andersen Departs with Immediate Effect
Jette Nygaard-Andersen, the chief executive officer of the global gambling giant Entain, has announced her departure from the group. Nygaard-Andersen believes that the recent resolution of the HMRC investigation is a clean inflection point and will therefore leave with immediate effect. Jette Nygaard-Andersen commented on her departure from the team, describing the past three years […]
