Business News and Headlines
Business
September 24, 2026
“Mix Wasn’t Coming Together”: People Inc. Retracts $18B MGM Takeover Bid
Barry Diller’s People Inc. has decided to pull its proposal to acquire the remaining shares of MGM Resorts International, thus putting an end to months of discussions over a potential deal that would have valued the Las Vegas-based casino company at more than $18 billion. “We Didn’t Feel the Mix Was Coming Together” People, which […]
Business
September 23, 2026
Caesars Shareholders Vote on $17.6B Fertitta Merger
Caesars Entertainment’s shareholders just voted on billionaire Tilman Fertitta’s proposed acquisition of the company. As of the time of this writing, however, Caesars has yet to confirm the vote results. Caesars Held a Vote on Its Planned Merger with Fertitta Entertainment Earlier this year, billionaire Tilman Fertitta confirmed earlier rumors by setting out to acquire […]
Business
September 22, 2026
FX1 and Twenty First Group to Bring AI-Powered Data to Combat Sports Bettors
AI and sports data company FX1 has teamed up with sports intelligence firm Twenty First Group to launch a new combat sports betting solution aimed at sportsbooks and prediction market platforms. Officials Talk About the Deal FX1 founder and CEO Damien Dau said that while combat sports have long attracted large audiences worldwide, the underlying […]
Business
September 22, 2026
OpenBet Names Konstakis CEO as Levin Becomes Chair
Online betting & gaming technology provider OpenBet has announced a major leadership transition. According to the company, its current chief executive officer, Jordan Levin, will transition to the role of chairman. At the same time, the experienced Nikos Konstakis will step in as CEO. OpenBet Chooses Konstakis as Its Next CEO According to OpenBet’s announcement, […]
Business
September 21, 2026
Betfred to End Rugby Super League Deal Due to Tax Burdens
Despite extending its sponsorship of the rugby Super League a few years ago, Betfred is now preparing to axe this tie-up. The sports betting operator cited the ongoing tax pressures and wage inflation as its reason to end this agreement. Betfred Took the Decision with a “Very Heavy Heart” Betfred first became the Super League’s […]
Business
September 18, 2026
RMG Names Ex-National Lottery CEO Nigel Railton as Chair
Racecourse Media Group (RMG), the holding company responsible for media and data rights for a host of horse racing destinations, announced the appointment of a new chairman. The one up to the task is the experienced Nigel Railton, who has spent years as the CEO of the previous National Lottery custodian, Camelot. Railton Is a […]
Business
September 17, 2026
Light & Wonder Parts Ways with the CEO of Its Social Casino Business, SciPlay
Gaming content powerhouse Light & Wonder announced that it is parting ways with the chief executive officer of its SciPlay social casino division. At the same time, the company appointed someone to temporarily take over the outgoing executive’s responsibilities. SciPlay’s CEO to Depart, Light & Wonder on the Lookout for a Successor In its announcement, […]
Business
September 16, 2026
Entain to End Up to 400 Jobs Amid Tax Pressures in the UK
Gaming giant Entain is preparing to cut hundreds of jobs due to the ongoing tax pressures in the UK. As it turns out, as many as 400 workers might be affected. Entain Could Reduce Its Customer Care Team by 20% Citing increasingly challenging operating conditions, Entain, which operates the Ladbrokes and Coral brands in the […]
Business
September 16, 2026
Build vs Buy: Why iGaming Operators Are Licensing Their Advertising Tech
No serious operator builds its own platform software or payment gateway from scratch — those are licensed from software specialists so the team can focus on running the business. Advertising is the same kind of layer, yet some operators still try to build it in-house. Serhii Shchelkov, AdTech Expert at Epom, on why that build […]
Business
September 15, 2026
IGT Appoints Adam Chibib as CFO
Global gaming leader IGT has announced a new C-suite appointment. According to the company’s official announcement, Adam Chibib will be joining as the company’s new chief financial officer, effective November 1, 2026. This comes as the company’s current CFO prepares to depart. Chibib to Replace Celadon On September 14, IGT announced that Chibib will […]