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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. […]
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 […]
