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Business
February 28, 2022
IGT Agrees to Sell Italian Proximity Payment Brands to PostePay for $785M
International Game Technology, а multinational slot machine and gambling tech producer, has revealed that it will sell its Italian proximity payment business to the prepaid card provider PostePay in a $785 million deal. IGT Will Use the Money to Pay Its Debts The agreement will see PostePay purchase LIS Holding directly from IGT and acquire […]
Business
February 28, 2022
Markey Becomes XLMedia Interim Chair In the Wake of Bell’s Leave
XLMedia, a market-leading performance marketing company, has recently parted ways with Christopher Bell who resigned from his position as chairman. The company has now announced that Julie Markey will temporarily fill in the vacant seat as an interim chair. Markey Takes Over for the Time Being Until a suitable permanent substitute is found, Markey will […]
Business
February 28, 2022
Quarter4 and Parleh Media Group Sign One-Year Agreement
Canadian-based sports analytics provider Quarter4 and digital media company Parleh Media Group have agreed to a one-year partnership. A Deal That Could Drive Progress in North America Self-proclaimed as the most advanced predictive sports analytics supplier for betting sites, Quarter4 is a Guelph, Ontario-headquartered, privately-held company founded in 2019. Parleh Media Group is a content […]
Business
February 28, 2022
Flutter Entertainment to Build for Sustainable Future Ahead
Flutter Entertainment is outlining the goals the company wants to achieve over the next decade or so. The company has set firm objectives for the year 2030 with one of its most important pivots towards energy sustainability. This is part of a three-pronged strategy for the future aptly dubbed “Positive Impact Plan.” Building Communities, Focusing […]
Business
February 25, 2022
Churchill Downs to Begin Scaling Down Online Business Amid Low Profits
The horseracing brand Churchill Downs will shut down its online sports betting and iGaming business after it failed to produce favorable results. According to the company, its offerings will gradually be scaled down over the next six months. Churchill Downs Gives Up on Online Betting The decision comes in the wake of Churchill Downs’ Q4 […]
Business
February 25, 2022
IGT and Rhode Island Lottery Sign 20-Year Contract Extension
Supplier of lottery and gambling technology International Game Technology (IGT) announced today a new contract extension with the Rhode Island Lottery that would keep IGT as the exclusive supplier of products to the Lottery. Long-Term Partnership to Continue The new comprehensive 20-year contract extension between IGT’s subsidiary IGT Global Solutions Corporation and the Rhode Island […]
Business
February 25, 2022
NESN Reportedly Has Plans to Drop Sports Content for Sports Betting Content
Sports betting still isn’t legal in Massachusetts, despite multiple attempts. Some lawmakers and lobbyists have tried for years to find approval; however, resistance has been overwhelming. This isn’t going to stop a regional TV sports network based in the state from dropping a couple of its popular sports shows in favor of sports betting content. […]
Business
February 25, 2022
PointsBet Issues Financial Health Report, Shows Revenue Improvement
Australia-based sports betting operator wants to have a place on the global stage, and its entrance into the US market is going to help. The company has provided an update to its financial health, reporting its revenue for the first half of its current fiscal year. Despite a few bumps, it’s on track, but will […]
Business
February 24, 2022
CDI Posted Strong Fourth Quarter and Full Year 2021 Growth
Churchill Downs Incorporated (CDI) announced its fourth-quarter and full-year ended December 31, 2021, financial results posting solid growth year-over-year. Key Financial Metrics Casino and horse racing operator CDI posted Q4 2021 net income of $43.3 million, up 153% on $17.1 million registered in Q4 2020. The net income figure was derived from fourth-quarter revenue of […]
Business
February 24, 2022
Hard Rock Online Casino New Jersey App Adds Paysafe Payments
Hard Rock Online Casino New Jersey became the latest mobile sports betting operation to hire the services of payments platform provider Paysafe after a partnership for card processing was announced today. Seamless Card Transactions The Hard Rock Online Casino New Jersey mobile app will benefit from the experience gained over more than 20 years of […]