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Business News and Headlines
Business
February 15, 2023
Genting Casino Nottingham Closes Permanently
Genting Casino Nottingham will be closing its doors, its managers announced. As reported by the Nottingham Post, the decision was prompted by “commercial considerations” and follows a month-long consultation process with the casino staff. Since Genting Casinos has a policy of caring for its employees, it made sure to consult its staff. As noted by […]

Business
February 15, 2023
GiG Posts Stellar Performance in Q4 2022
The company’s chief executive, Richard Brown hailed what he saw as very strong growth for the Group’s revenues and EBITDA which increased by 44% and 71% respectively. The company presented a further breakdown of some of the main milestones achieved in the three-month period that ended on December 31. Record Performance for GiG’s Assets For […]

Business
February 14, 2023
Senet Hires Regulatory and Wagering Expert Bree Ryan
On Tuesday, the firm revealed it hired the services of wagering specialist Bree Ryan. Joining Senet, Ryan became a part of the firm’s associates team. Before joining Senet, Ryan was a part of Tabcorp. During her tenure with the company, she held the position of deputy general counsel of wagering and media. Moreover, Ryan’s professional […]

Business
February 14, 2023
Flutter Entertainment Consults Shareholders over US Listing
According to Reuters, the parent company of some of the most successful betting and gaming brands worldwide is considering the new US listing as a means of supporting its further expansion in the country. The US Listing to Yield Long-Term Benefits In a statement issued by the London-listed company running its operations in over 20 […]

Business
February 14, 2023
Sky Betting & Gaming Signs Landmark Deal with Evolution
Under the terms of the new deal, announced Tuesday, SBG will benefit from the provider’s globally-recognized live casino services. The new collaboration, labeled as a “landmark deal,” will see SBG’s Betfair and Paddy Power brands benefit from live casino options from Evolution. Moreover, per the new collaboration, SBG’s brands Sky Bet, Sky Bingo and Sky […]

Business
February 14, 2023
Betsson Reveals Q4 and 2022 Results Reporting Strong Growth
In its latest trading update, the company revealed that group revenue in 2022 hit €777.2 million ($835.5 million). This result, when compared to the corresponding period in 2021 marked an increase of 18%, while organic growth was 27%, explained Betsson. EBITDA for 2022 was €172.4 million ($185.4 million) marking an increase of 11%, while the […]

Business
February 13, 2023
Bally’s Corporation Says Robeson Reeves to Replace Lee Fenton as CEO
The global casino-entertainment company with a constantly growing offering of sports betting and iGaming products has announced its current chief executive officer Lee Fenton will be replaced by its interactive department president – Reeves. Fenton Will Also Leave Bally’s Board of Directors The decision will come into effect starting March 31, 2023. Besides stepping down […]

Business
February 13, 2023
Preliminary Results Predict 1% Revenue Drop for The Star in H1 FY23
The operator released its unaudited results for H1 FY23, revealing strong performance but an overall drop in revenue. The Star explained that for H1 FY23, the domestic revenue of The Star Gold Coast increased by 30% when compared to the corresponding period pre-COVID or H1, FY19. This result marked an achievement for the company as […]

Business
February 13, 2023
Stram Entertainment Is Ready to Acquire FansUnite Entertainment’s Affiliate Brand
As announced by FansUnite Entertainment Inc, BestOdds.com’s operator Stram Entertainment has signed a strategic deal to acquire BetPrep. The decision was made as a result of FansUnite’s strategy to optimize its operations, focus on profit, and accelerate its revenue growth. The international entertainment and sports company that offers technology for regulated online gaming had previously expressed […]

Business
February 13, 2023
FanDuel Is on Annual Profitability Path in 2023 Says CEO
In an interview for Bloomberg Television, Howe expressed her optimism about the company’s future and emphasized the robustness of the company’s operations. FanDuel Expects 17 million Bets on the Super Bowl FanDuel CEO Amy Howe expressed her confidence that this year will mark a turning point for her company: We feel very confident about our […]
