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Business News and Headlines
Business
December 21, 2023
Light & Wonder Launches Its Playzido Platform in Ontario
Gambling product and services powerhouse Light & Wonder has made further strides in North America thanks to the launch of its content creation platform Playzido in Ontario, Canada. This move follows Light & Wonder’s foray into South Africa, allowing it to tap into yet another major region. Through the company’s Playzido content creation platform, the […]
Business
December 21, 2023
Yolo Investments Unveils New €100 Million Fund Targeting Emerging Technologies
Yolo Investments, a leading investment firm specializing in gaming, blockchain, fintech, and emerging technologies, has officially launched its latest flagship investment fund, Yolo Fund II LP. This fund aims to raise a capital of €100 million and should bolster the company’s expansive portfolio in cutting-edge industries, aligning with its long-term goals. The Funding Will Maintain […]
Business
December 21, 2023
AvatarUX Appoints Lara Falzon as CEO as Nicola Longmuir Departs
AvatarUX, a developer of “dazzling slots that pop,” has reinforced its leadership team with a new chief executive officer. The one up to the task is the experienced Lara Falzon who will help the studio continue its impressive strides. Falzon is no stranger to the gambling industry, having previously served a variety of gaming companies. […]
Business
December 21, 2023
Michigan Betting Handle Sets Record in November amid ESPN Bet Launch
Earlier this week, the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), released its latest report, uncovering details regarding the performance of commercial and tribal online gambling and betting operators. In total, gross receipts from sports betting and online gambling hit $209.2 million in November, representing a 1,9% increase when compared to the […]
Business
December 20, 2023
Americans Wager $79bn in a Record-Breaking Year
The American Gaming Association (AGA)’s recent report reveals an impressive surge in the US gaming industry, with Americans contributing to a remarkable 33% increase from the previous year’s betting volumes, setting the stage for a record-breaking year in the gaming landscape. While some segments performed better than others, the sector’s success is indisputable. The Sector […]
Business
December 20, 2023
PointsBet to Transition to New Group CFO Next Year
The globally-recognizable betting operator, PointsBet, announced its plans to transition to a new group chief financial officer (CFO). This week, the company confirmed that its current group CFO, Andrew Mellor, will be replaced next year. To succeed the outgoing group CFO, PointsBet selected Alister Lui, who currently holds the role of chief financial officer (Australia) […]
Business
December 20, 2023
Entain May Sell BetMGM Stake or Consider MGM Merger, Analyst
Earlier this month, the global gaming giant, Entain, announced the departure of its CEO, Jette Nygaard-Andersen. The unexpected move resulted in the appointment of the company’s non-executive director, Stella David, as interim CEO, until the hire of a permanent replacement for the senior-level role. Now, a new report released by Seeking Alpha, citing an expert […]
Business
December 19, 2023
Lottery.com Secures New Investment, Expresses Optimism about 2024
Lottery.com reported that its financial position was bolstered thanks to a placement agent agreement with Univest Securities, a boutique full-service investment bank. Under this deal, the latter firm introduced Lottery.com to new investors. This resulted in an initial investment of a million dollars. According to the official announcement, the funding was provided to Lottery.com in […]
Business
December 19, 2023
TG Lab Forays into Colombia, Powers Stake’s Local Operations
TG Lab, a cutting-edge platform provider, has teamed up with crypto gambling giant Stake, allowing it to enter Colombia’s regulated gambling market. The launch comes after Stake secured the necessary license and regulatory approvals earlier this year. Stake set up its debut in debut in Colombia by acquiring Betfair Colombia back in November. The former […]
Business
December 18, 2023
Svenska Spel Names Anna Johnson as CEO, Hofbauer to Depart in February
Svenska Spel, a Swedish state-owned gambling operator, has named Anna Johnson as the successor of its current chief executive officer, Patrik Hofbauer. The latter announced his exit earlier this year, opting to explore other opportunities instead. Johnson will serve as Svenska Spel’s new president and CEO and is set to step into the office by […]