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Business
May 5, 2023
Kambi Group Plc, Next in Line for a Potential Takeover?
The Swedish provider of technology for the gaming industry might be next in line for a takeover, according to the freshest Eilers & Krejcik Gaming (EKG) research included in their most recent EKG Line report. Kambi Group Not Idly Waiting for a Potential Suitor According to EKG, Kambi’s repayment of the $8.3 million Kindred Group […]
Business
May 5, 2023
Catena Media Designates Erik Edeen as Interim CFO
Catena Media, a company delivering traffic to iGaming brands and financial services, has announced a new appointment. The affiliate will be joined by the skilled Erik Edeen who will serve as its interim chief financial officer. Erik Edeen, who is set to step in as interim CFO, holds a Master of Business and Economics with […]
Business
May 5, 2023
DraftKings Enjoys 84% Increase in Revenue for Q1 2023
The leading sports betting operator that has a growing presence within the US regulated gambling market, DraftKings, released its latest trading update, outlining details regarding its performance for the first quarter of 2023. Judging by the recent unaudited figures, the company enjoys a stellar start to 2023 with revenue increasing exponentially on a year-over-year basis. […]
Business
May 5, 2023
Operators Show Interest in Acquiring Gambling Startup Betr
Over the last decade, the popularity of sports betting has grown exponentially. With the introduction of mobile betting options, more sports fans and gamblers engaged in placing wagers on their favorite teams. Not unexpectedly, the global sports betting market is only set to grow further and expand, which helped draw in new operators. Betr is […]
Business
May 5, 2023
Xpoint Brings Manu Gambhir as CEO
Manu Gambhir is now the new CEO of Xpoint and he will help with the firm’s growth and broadening its list of partners in the real money online gaming market. Xpoint’s co-founder, Marvin Sanderson, will now refocus his efforts on Xpoint’s business development instead. Xpoint Taps New Company Chief Executive The appointment of Gambhir to […]
Business
May 5, 2023
Blackstone-owned Cirsa Explores Potential IPO in Spain
Spanish gambling company Cirsa, owned by US asset manager Blackstone, is considering various options, including an initial public offering (IPO), according to anonymous insiders. Cirsa’s Potential Deal May Be Affected by Lottomatica’s Disappointing IPO However, Lottomatica’s recent lackluster IPO in Milan, which priced its shares at the bottom of the targeted valuation range and led […]
Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
Business
May 4, 2023
GiG Maintains 2022’s Momentum with Impressive Q1 Financials
Gaming Innovation Group (GiG) experienced substantial growth across all primary verticals, smashing last year’s results with a 49% increase in revenue from 2021. The stellar financial results place the company in the perfect position to pursue its long-term strategy and consolidate its presence in its most profitable markets. Revenues Are Up across the Board As […]
Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Business
May 4, 2023
FansUnite Agrees to Sell Subsidiary McBookie for $4M
The global entertainment and sports company focused on delivering technology for online gambling operators, FansUnite, announced it has entered into a definitive agreement for the sale of its wholly-owned subsidiary, McBookie. Details about the new transaction emerged earlier this week and see FansUnite sell the business “to an arm’s length third-party” in a deal with […]
