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Business News and Headlines
Business
November 24, 2023
BCLC Celebrates Diversity with a New Holiday Program
The British Columbia Lottery Corporation, a Canadian Crown gambling company, has unveiled a new program that allows employees to select their holidays. Under the new program, the BCLC will allow its workers to substitute up to six holidays for other days of the year. Thanks to the new program, workers will be able to set […]
Business
November 24, 2023
NSW and Queensland Extend Star Entertainment’s Special Manager Terms
New South Wales (NSW) and Queensland regulators appointed special managers to oversee the company’s operations after the scandals surrounding its risk management failures and unethical behaviors. The beleaguered operator has recorded substantial progress in remedying its deficiencies but must still convince authorities it is ready to resume control. Both Regions Expect Swift Progress In ASX […]
Business
November 24, 2023
Intralot Posts Strong Third Quarter Results with Revenue up 8%
The international gaming solutions provider, Intralot, released its latest financial update, uncovering details regarding its performance for the third quarter of 2023. Besides Q3 2023, the latest report shared insights regarding the company’s performance for the nine months ended September 30, 2023. Intralot’s Q3 2023 revenue hit €104.8 million ($114.5 million). This result, compared to […]
Business
November 23, 2023
Hacksaw Gaming Secures Provisional License in New Jersey
Hacksaw Gaming, a leading provider of slots, scratchcards and instant win games, announced that it has secured a provisional license in the state of New Jersey. The supplier hopes to launch in the state by the end of the year, providing local companies with access to its premium content. Hacksaw Gaming’s initial foray into the […]
Business
November 23, 2023
Fitch Trusts Light & Wonder to Hit Its EBITDA Leverage Goals in 2024
Fitch, a renowned capital market analyst, is optimistic about Light & Wonder’s EBITDA leverage targets, believing that the gambling supplier will be able to hit its goals by 2024. While the agency still believes there is some default risk associated with the company, it still gave Light & Wonder a BB rating. Fitch updated Light […]
Business
November 23, 2023
Bragg’s Shares on the Rise after Investor Urges Assets Sale
The shares of the leading provider of technology and services, powering betting and gaming operators, Bragg Gaming Group, increased Wednesday, after one of its largest shareholders sent a letter, supporting different business combinations, including partial or full sale of the company’s assets. The letter was sent by Jeremy Raper, the founder of Raper Capital, a […]
Business
November 23, 2023
Entain Faces Investor Uprising as Activist Hedge Funds Demand Change
Entain, the owner of Ladbrokes and Coral brands, is grappling with mounting pressure from two additional US activist hedge funds, Dendur Capital and Sachem Head Capital Management, joining Eminence Capital in expressing concerns about the company’s stagnant share price and the leadership of CEO Jette Nygaard-Andersen. New York-Based Hedge Funds Stealthily Invest Amidst CEO Criticism […]
Business
November 22, 2023
Intelitics to Power Novig’s Affiliate Programs in Colorado
Sports betting operator Novig has formed a new partnership with Intelitics. Under the deal, the performance specialist will power Novig’s affiliate programs and paid channels. The operator will also secure access to the provider’s award-winning platform and product and feature suite. The agreement comes ahead of Novig’s launch in Colorado and will help it manage […]
Business
November 21, 2023
Catena Media Completes Divestment of Italian Assets, Wraps up Strategic Review
Catena Media, a leading iGaming affiliate, announced that it has completed the divestment of its Italian sports and casino assets in two deals totaling EUR 19.8 million ($21.7 million). The company, which just posted its Q3 results, has been restructuring its business for over a year now. One of the transactions has now been closed, […]
Business
November 21, 2023
Catena Media Posts Lower Q3 Results Amid Restructuring Efforts
Catena Media, a company that creates content-rich websites that help users navigate the complex world of online sports betting and casino gaming, has published its Q3 results, reporting a favorable net cash position despite a Q3 revenue drop. As reported by the company, its revenue decreased by 28% year-on-year to EUR 15.9 million ($17.4 million, […]