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Business News and Headlines
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. […]

Business
November 29, 2023
MGM Resorts May Consider Bid for BetMGM, Suggests Report
Last week, the owner of Ladbrokes and Coral, Entain, saw growing pressure from US activist hedge funds, Sachem Head Capital Management and Dendur Capital, showing concerns about the company’s leadership under CEO Jette Nygaard-Andersen and its share price. The two additional US activist hedge funds joined Eminence Capital as an expanding number of investors who […]

Business
November 29, 2023
Miriam Adelson to Acquire Majority Stake in Dallas Mavericks
Miriam Adelson, widow of casino magnate Sheldon Adelson, is set to acquire a majority stake in the NBA’s Dallas Mavericks from tech billionaire Mark Cuban. The move comes as Miriam Adelson plans to sell $2 billion worth of stock in Las Vegas Sands, paving the way for the Adelson family to enter the realm of […]

Business
November 28, 2023
Lottomatica to Issue €500M in Debt Bonds and Borrow €50M to Fund the SKS365 Deal
Earlier this month, Lottomatica, an Italian gaming giant, announced its plans to acquire 100% of SKS365’s share capital. The deal, which values the latter business at €639 million ($702 million) was signed recently and, if cleared by all relevant regulators, is set to close in the first half of 2024. As a result of this […]

Business
November 28, 2023
BetMGM Unveils Strategies to Fortify against Increased Competition
Leading gambling operator BetMGM is ramping up measures to counter the mounting competition from rivals like Fanatics and ESPN Bet as such companies pose emerging threats in several key jurisdictions. BetMGM remains confident in its market dominance and has prepared to counteract increasing pressures by identifying several avenues to bolster its market position and guarantee […]

Business
November 28, 2023
Tabcorp Names Finance Heavyweight Mark Howell as Its New CFO
Australian gambling and betting giant Tabcorp has strengthened its team with the appointment of Mark Howell as its new chief financial officer. Boasting years in finance-related positions, Howell has all the necessary experience to guide the wagering juggernaut’s business. Howell is currently serving as general manager of liquor finance and network optimization at the Coles […]

Business
November 27, 2023
BetMakers Releases OneWatch, a Revolutionary Terminal Monitoring Tool
BetMakers Technology Group, a leading wagering technology and data partner, has unveiled OneWatch, its new terminal monitoring solution. The innovative tool will allow companies to easily manage thousands of terminals. BetMakers described OneWatch as a wagering terminal monitoring and analytics tool that has been designed to revolutionize wagering terminal operations from manual and reactive to […]

Business
November 27, 2023
Norsk Tipping Names Tonje Sagstuen Permanent CEO
Norsk Tipping, the Norwegian government-owned gambling company, confirmed changes to its senior-level management this summer. The company unveiled back in August that Tonje Sagstuen, a seasoned executive with extensive experience, will take over the role of acting CEO, effective from September 1, 2023. At the time, she was appointed to an interim CEO role while […]

Business
November 27, 2023
Vixio Bolsters Payment Compliance with New Specialized Board
Vixio, a global leader in regulatory intelligence services, has convened its inaugural Executive Advisory Board, bolstering its PaymentsCompliance product while providing cutting-edge regulatory insights to stakeholders within the payments sector. The company’s innovation-focused mindset and insights into the latest regulatory developments should substantially bolster its attractiveness and attract new partnerships. Industry Veterans Will Pool Their […]
