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Business News and Headlines
Business
February 2, 2023
Betsson Confirms Support for UN Global Compact Initiative
Announced Thursday, the company joins a growing roster of organizations around the globe that have already shown support for the initiative. Per the new collaboration, Betsson will embed ten principles from the Global Compact into its operations. The changes are going to affect the company’s policies related to anti-corruption, labor, environment, HR, as well as […]

Business
February 2, 2023
Wazdan-Play North Partnership Inked in 2022 Is Growing Strong
After announcing it would expand its presence in Europe by signing a partnership deal with Play North last year, the provider that is leading the way in innovation in casino game development has returned with fresh updates. Wazdan Celebrates “Successful Partnership” with Play North The multi-brand agreement signed with the iGaming company on a mission […]

Business
February 2, 2023
Relax Gaming and AboutSlots Team Up for a New Game
iGaming content developer and aggregation specialist Relax Gaming has penned a content-oriented agreement with AboutSlots.com, an online resource for slot games. As agreed, the iGaming brands will co-produce a new player-led slot game. Relax Taps into AboutSlots’ Knowledge According to the announcement, the new title is supposed to go live in July 2023. The partnership […]

Business
February 2, 2023
DraftKings Lays Off 3.5% of Its Global Workforce
DraftKings has joined FedEx and Rivian Automotive in announcing job cuts, aligning with a growing trend among US corporations. The company announced the move aims to boost efficiency and will affect about 140 jobs. A Major Portion of the Job Cuts Are in Europe, Asia, and the Middle East The majority of the impacted positions […]

Business
February 2, 2023
Better Collective Buys 5% Stake in Catena Media
The news was reported in a very short press release from Better Collective stating that the company is satisfied with its investment and does not wish to comment on it any further. The Start of a Collaboration Between Fierce Rivals It is interesting to see how the two companies will collaborate. Up to now, they […]

Business
February 2, 2023
BetMakers Forgoes Matt Tripp Compensation Package
As reported by the Financial Review, the company decided against a possible payment of a compensation of AU$ 7 million ($5 million) for the famous gaming entrepreneur. BetMakers explained that the canceled bonus payment comes after Tripp did not deliver a “transformational deal” for the company. Considering the hefty compensation, the deal, reportedly was a […]

Business
February 1, 2023
Simplebet’s Micro-betting Products Exploded in Popularity during the NFL Playoffs
The company reported rising interest in its products during the first three rounds of the National Football League Playoffs. It also noted that some of its niche markets have been very active, with one of the biggest markets being the “Who will score a touchdown on this drive?” bet. Many Were Interested in Micro-betting The […]

Business
February 1, 2023
Sportradar Selects Severine Riviere for Chief People Officer
The company revealed Wednesday it expanded its leadership team by appointing Riviere to the position of chief people officer. The appointment is with immediate effect and sees Riviere bring more than 20 years of experience. In her role as a part of Sportradar, she will spearhead the company’s human resources management and strategy. As chief […]

Business
February 1, 2023
Paddy Power Secures “Superbrand” Status for Its Leading Campaigns
The gambling company with online and retail operations spread across Ireland and the UK has been recognized as a superior and creatively engaged brand in the British gaming market. The brand known as “Home of the Money Back Special” has received the yearly accolade from the center that does independent consumer surveys to determine which […]

Business
February 1, 2023
Entain Reports Strong Fourth Quarter and 2022 Growth
On Wednesday, the company revealed it has seen an increase in its net gaming revenue (NGR) for the fourth quarter as well as the full year 2022. Judging by Entain’s latest report, NGR for Q4, which includes the period between October 1 and December 31, 2022, increased by 11% when compared to the corresponding period […]
