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Business
December 5, 2023
ISS ESG Improves NOVOMATIC’s Sustainability Rating to C
ISS ESG, a sustainability rating agency, has updated NOVOMATIC’s sustainability rating to C, marking it as one of the best companies within the electronics industry. ISS ESG, which is one of the best sustainability experts along with Sustainalytics and Moody’s ESG Solutions, assessed Novomatic’s business, examining its environmental, economic and social performance. As usual, ISS […]
Business
December 5, 2023
Habanero Obtains Swedish Gambling Authority B2B License
The provider of world-class slot and table games popular in Western and Asian markets, Habanero, has expanded its presence on the Old Continent. The company with a portfolio that spans no less than 22 worldwide markets thanks to a plethora of agreements inked with big operators like Betway, Entain, Sportium, and Sisal has been granted […]
Business
December 5, 2023
Kambi Group Proceeds with $3M Share Buyback Program
Kambi Group, a B2B provider of sports betting services and solutions, has unveiled a share buyback program. The company secured the buyback mandate at the Extraordinary General Meeting on June 19 and will now proceed to exercise it. According to Kambi’s board of directors, the buyback program is set to run until May 21, 2024, […]
Business
December 5, 2023
Allwyn’s Strong Q3 Results Were Driven by the Camelot Acquisition
Lottery leader Allwyn has published its Q3 2023 preliminary unaudited results, highlighting the contribution of the company’s acquisition of Camelot. In Q3, Allwyn reported consolidated total revenue of EUR 2 billion (approximately $2.16 billion), representing a stellar 98% year-on-year increase. As mentioned, these results were underpinned by the company’s recent acquisitions. Excluding these, the company’s […]
Business
December 5, 2023
BetMGM Unveils Ambitious Strategy for 2024, Aiming to Boost Market Presence
BetMGM has laid out its strategic plans for 2024, with a key focus on enhancing its market share and aiming for a staggering $500 million in adjusted earnings by 2026. BetMGM CEO Adam Greenblatt Maps Ambitious 2024 Vision with Las Vegas at the Center CEO Adam Greenblatt outlined the key objectives for 2024, emphasizing the […]
Business
December 4, 2023
Unionized Manitoba Casino Workers Threaten Strike Over Contract Dispute
Unionized employees at several Winnipeg casinos are gearing up for potential strike action should contract negotiations with Manitoba Liquor & Lotteries fail to reach a satisfactory resolution by 23 December. This development mirrors rising worker discontent among casino employees in North America as employees demand enhanced protection against the rising cost of living. Manitoba Is […]
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 […]
