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Business
March 6, 2023
Aussie Pokie Tycoon Acquires Major Stake in Star Entertainment Group
The company has been facing financial difficulties and a drop in its share prices. Mathieson, with his sharp business acumen, has seen a long-term potential for growth and development in Star Entertainment Group and invested a whopping AUD142 million ($96 million) to acquire his stake in the company. Bruce Mathieson plans long-term investment in Star […]
Business
March 3, 2023
BlueBet Strives for Positive Cash Flow After Disappointing H1 Results
BlueBet, a mobile-first online wagering provider based in Australia, has announced its half-year financial results for the six months which ended on December 31, 2022, (H1 FY23). BlueBet Posts Negative EBITDA and Profit After Tax BlueBet’s turnover increased by 6.1% to AUD280.5 million ($189.3 million) in H1 FY23, with strong growth in sports and mobile. […]
Business
March 2, 2023
Flutter’s Preliminary 2022 Financials Reveal Outstanding Growth
Despite stellar performance across most key verticals, Flutter Entertainment ended the year at a net loss due to several strategic acquisitions, rising interest, higher expenses, and taxes. The company’s management team had only positive remarks, emphasizing the potential growth in several attractive new jurisdictions and the opportunity to consolidate its dominating position in mature markets. […]
Business
March 2, 2023
Light & Wonder Restructuring Efforts Pay Off as 2022 Revenues Soar
The cross-platform global game company released its official Q4 and end-of-the-year financial results, showing growth across all significant verticals. Light & Wonder’s impressive performance is already bearing dividends for its shareholders, who can expect strong momentum going into 2023. The management team expressed confidence that the company’s strategic transformation would continue to bring sustainable value […]
Business
March 2, 2023
MGM Resorts Brings Ben Winston as Member of the Board of Directors
Ben Winston is now the 12th member of the board and he is also a founding partner of Fulwell 73, a production company, and a prominent name in the industry. Professionally, Winston is the youngest show producer of a late-night program in the United States. He worked on The Late Late Show with James Corden […]
Business
March 2, 2023
Nevada Operators Enjoy Strong 2023 Start with $1.27bn Gaming Win
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report, outlining the financial performance of nonrestricted gaming licenses for January. Judging by the new report, the operators enjoyed a stellar start to the year, with the total gaming win hitting $1,272,955,068 in January 2023. A year-over-year comparison to January 2022 […]
Business
March 1, 2023
Better Collective Inks Media Partnership with Goal
Sports media company Better Collective, announced a new partnership Wednesday. The company confirmed it joined forces with Goal, a leading digital soccer media brand that is owned by Footballco. Under the terms of the new partnership, Better Collective will engage with Goal’s continuously growing customer base. Currently, the digital soccer media has some 64 million […]
Business
March 1, 2023
AmericanGambling Launches New Site Geared Towards Responsible Gambling
The website is targeting both new and experienced players who are passionate about gambling. AmericanGambling’s new platform will provide information to people throughout the US, covering topics ranging from US gambling laws and advise on responsible gambling to reviews of various licensed platforms and casino payment systems. The goal is to help players make wiser […]
Business
March 1, 2023
Konami Licenses Facial Recognition Technology to Independent Gaming
This agreement comes at a pivotal time for Independent Gaming, as the company operates in a market that is increasingly talking about the incorporation of facial recognition technology to protect consumers and help tackle problem gambling and money laundering across Australia. Facial Recognition Arrives at Australian Manufacturers The solution was first introduced at the G2E […]
Business
February 28, 2023
Codere Online Net Gaming Revenue Soars by 48% For 2022
The leading online gaming operator offering services in Latin America and Spain, Codere Online, released its fourth quarter and 2022 results, showing strong growth in revenue and an increased number of active monthly players. The company said Tuesday that its net gaming revenue in Q4, 2022, hit €37.7 million ($40 million). This result, when compared […]
