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Business
November 6, 2023
Evolution Navigates Challenges in US Market, Explores M&A Opportunities
In the midst of intensifying competition in the US live dealer market, Evolution Group is contemplating its position, considering potential mergers and acquisitions, according to a recent report by Eilers & Krejcik Gaming (EKG). Evolution Navigates RNG Hurdles and Explores IGT Acquisition While Evolution has been thriving in the North American live casino segment, it […]
Business
November 3, 2023
DraftKings’ Q3 Results and Improved Guidance Highlight the Success of Its Strategy
DraftKings has published its Q3 2023 results, updating its guidance thanks to its strong performance. The American betting company posted revenue of $790 million for the period – a figure that represents a staggering 57% year-on-year increase from the $502 million recorded in 2022. In the wake of this strong figure, DraftKings raised its FY […]
Business
November 3, 2023
BetMGM Launches Borgata Bingo Online App in NJ
Gambling juggernaut BetMGM has announced the launch of Borgata Bingo online in New Jersey. The new online bingo platform provides local consumers with access to the first 75-ball real money online bingo product in America. The new product is built for BetMGM by Entain and leverages the former company’s experience in the global gaming sector […]
Business
November 3, 2023
Legal Betting Market in Kentucky Grows Steadily since Launch
Early in September, Kentucky introduced retail and mobile sports betting. Nearly two dozen mobile and land-based sports betting operators licensed in the state started offering their services to bettors and sports fans alike. The move of lawmakers to legalize sports betting comes as no surprise, considering the growing popularity of the activity across the United […]
Business
November 2, 2023
ESPN BET Is Set to Officially Launch on November 14
ESPN BET, one of the most highly-anticipated online sports betting platforms in the United States, finally has an official launch date. As announced by ESPN, the new online sportsbook is set to debut on November 14. ESPN BET is set to launch in a total of 17 states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, […]
Business
November 2, 2023
Jelly Entertainment Completes Wundermachine Acquisition
Jelly Entertainment, the fast-growing UK-based iGaming developer, has announced the completion of the acquisition of Wundermachine, a leading provider of technology and social gaming content. The acquisition represents an important part of Jelly’s plan for growth and expansion on a global scale. By acquiring Wundermachine, the company anticipates strengthening some of its strategic operations, including […]
Business
November 2, 2023
GiG Moves for Andrew Cochrane as Platform & Sportsbook CBO
The 2012-founded leading iGaming technology company that supplies products, services, and solutions to iGaming operators, Gaming Innovation Group (GiG), has announced the appointment of ex-DraftKings and SBTech executive Andrew Cochrane as its new chief business officer for Platform & Sportsbook. The move, which will see the new CBO work together with Platform & Sportsbook’ recently […]
Business
November 2, 2023
RSI Publishes Q3 Report, Highlights a Quarter of Increasing Profitability
Rush Street Interactive (RSI), a leading US iGaming and sports betting company, has published its Q3 report, covering the period ended September 30. The company recorded higher metrics and lower losses and is optimistic about its future in the iGaming sector. RSI posted revenue of $169.9 million, which represents a year-on-year increase of 15%. Q3 […]
Business
November 2, 2023
Entain Posts Strong Growth with Group NGR Up by 7% In Q3
The global sports betting and gaming group, Entain plc, released its latest unaudited financial report, revealing insights regarding the company’s performance for the third quarter of 2023. The new update encompasses the trading period between July 1 and September 30, 2023. Overall, Entain reported a 7% increase in total group net gaming revenue (NGR), including […]
Business
November 2, 2023
Sportradar Hints at Reducing Workforce Amid Strong Q3 Results
The leading global sports technology company developing immersive experiences for bettors and sports fans across the globe, Sportradar Group AG, released its latest trading update Wednesday. The company uncovered details regarding its financial performance for the quarter ended September 30, 2023, revealing an uptick in revenue along with a decrease in total profit from continuing […]
