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Business
December 4, 2023
Sports-Betting Startup Mojo Announces Substantial Layoffs amid Strategic Pivot
Mojo, the sports-betting startup co-founded by MLB icon Alex Rodriguez and Jet.com co-founder Marc Lore, is undergoing significant changes as it announces a 20% reduction in its workforce. The company confirmed this decision, while sources close to the organization revealed it is part of a broader strategic shift. The Company Is Reevaluating Its Market Position […]
Business
December 4, 2023
Playtech Eyed a £700M Acquisition of William Hill
British gambling company William Hill has rejected a takeover attempt from Playtech, according to a report by The Sunday Times. The news outlet claimed that the latter company offered £700 million (approximately $887 million) for the acquisition. According to unspecified sources, Playtech tried to acquire William Hill in July. The former company may have sought […]
Business
December 1, 2023
Hacksaw Gaming to Launch with DraftKings in NJ by the End of Q4
Hacksaw Gaming was just provided a transactional waiver to operate in the state of New Jersey. Its entry into its second US jurisdiction was made possible by its partnership with the American gambling giant DraftKings. Under the deal with DraftKings, Hacksaw Gaming will inject ten of its best games into the operator’s platform. DraftKings will […]
Business
December 1, 2023
Super Funds in Australia Reevaluate Gambling Stocks Investment
Over the last few years, Australia initiated changes to its gambling industry. This move comes amid growing concerns about more people being affected by problem gambling and punters losing more per capita than any other country. Losses surpassing hundreds of millions of dollars every month result in an estimate of more than AU$20 billion ($13.2 […]
Business
December 1, 2023
MGM Resorts Confirms Changes to Senior Leadership
The leading gaming, hospitality and entertainment company, MGM Resorts International, has announced multiple changes to its senior leadership team. The company confirmed that some of the appointments are with immediate effect while others are expected throughout 2024. Corey Sanders, MGM’s chief operating officer, confirmed that Rick Limardo was promoted to the role of SVP of […]
Business
November 30, 2023
Picklebet Secures AUD 15M in Series A Funding
In a significant stride towards expansion and innovation, Picklebet, the Australian avant-garde betting and media company blending esports, sports, and internet culture, announced the successful closure of its AUD 15 million Series A funding round. Substantial investor interest highlighted the operator’s significant potential and will help it capture a market niche with its unique and […]
Business
November 30, 2023
Catena Media Names Sean Hurley Non-executive Director
The leading iGaming affiliate, Catena Media, announced an important senior-level appointment today. The company confirmed that its board of directors decided to appoint the seasoned executive, Sean Hurley, as non-executive director. Joining Catena, he fills in the role that was vacated by Per Widerström back in August this year. At the time, Widerström said that […]
Business
November 30, 2023
ZEAL Network to Part Ways with CCO Sönke Martens
ZEAL Network, an international group of lottery companies, will be parting ways with its chief commercial officer. The outgoing CCO will remain with the company for a while to ensure a seamless transition of responsibilities. As announced, CCO Sönke Martens is set to depart from his position at the end of February 2024. However, he […]
Business
November 29, 2023
Kindred Posts Q3 Results, Announces NA Exit
Kindred Group has published its unaudited interim report for the period from January to September 2023. Revenue in the third quarter remained stable, leading to positive year-to-date results. In Q3, Kindred’s revenue reached GBP 283.9 million (roughly $360 million), representing an increase of 2%. Gross winnings revenue from the business-to-customer division increased by a single […]
Business
November 29, 2023
EveryMatrix Eyes North American Growth via Caesars Digital Deal
The leading iGaming software, content and solutions provider, catering to casino and sports betting operators across the globe, EveryMatrix, announced a new partnership focused on its growth in North America. The company announced Wednesday it joined forces with Caesars Digital, agreeing to supply its content for Caesars Sportsbook & Casino and Caesars Palace Online Casino. […]
