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Business
July 9, 2024
Roger Parkes Departs Betway Group after Nearly a Decade of Service
Roger Parkes, Betway Group’s esteemed director of compliance and regulatory affairs, has announced his departure from the leading company after nearly a decade of dutiful service. Parkes, a key figure in shaping Betway’s compliance framework, revealed his decision to take a break, recharge, and reflect before pursuing his next professional challenge. Betway Bids Farewell to […]
Business
July 9, 2024
Wall Street Analysts Bullish on FanDuel and DraftKings’ Long-Term Potential
According to Wall Street analysts, investors are increasingly considering FanDuel and DraftKings as major players in the sports betting and iGaming sectors. FanDuel and DraftKings Lead the Pack in New York’s Sports Betting Market David Katz of Jefferies Equities Research said that FanDuel and DraftKings had been the center of attention for investors, especially in […]
Business
July 8, 2024
Entain Adds Helen Ashton as Independent NED
Gambling giant Entain has made yet another addition to its team, naming the experienced Helen Ashton as an independent non-executive director. As someone with decades of corporate and business experience, she will be a valuable addition to Entain’s board. In addition to becoming an independent NED, Ashton will also join Entain’s Audit Committee. The new […]
Business
July 8, 2024
EveryMatrix Acquires FSB Technology in Its Biggest M&A Deal Ever
EveryMatrix announced that it has acquired full turnkey and specialist sportsbook technology provider FSB Technology in a new all-cash deal. Set to underpin the OddsMatrix sportsbook platform and odds feeds division, the acquisition will create instant value for EveryMatrix. According to the announcement, the arrangement will generate immediate additional revenues and cross-company synergies. Additionally, it […]
Business
July 8, 2024
Raketech to Divest Non-Core US Advisory Business in $2.25M Deal
Raketech, a leading online affiliate and content marketing company, announced that it has struck a deal to sell its non-core US advisory business. The business, ATS Consultants, was originally acquired in 2021 but deemed to be non-core to the group. Raketech’s US advisory business in question consisted of several high-value lead-generating sports tipster websites which […]
Business
July 8, 2024
Gambless App to Be Phased Out Because of Insufficient Backing
Gambless, an application providing help to people struggling with their gambling, will be gradually phased out after four years in service. With a heavy heart, the company announced the closure of the app, which was launched in 2020 and has so far assisted more than 20,000 people struggling with addiction. According to Gambless, the mobile […]
Business
July 8, 2024
Penn Entertainment Shares Soar as Flutter Weighs In on Potential Acquisition
Flutter Entertainment is said to be considering the purchase of interactive assets from Penn Entertainment in a notable move for the gaming industry. Flutter could team up with Boyd Gaming, which has also expressed interest in buying Penn. Penn Entertainment Shares Rise as Flutter Weighs in on Potential Acquisition Following this news, shares of Penn […]
Business
July 5, 2024
Kambi Withdraws 2027 Financial Targets amid Market Uncertainties
Kambi Group plc’s Board of Directors has withdrawn its previously announced 2027 financial targets, citing slower-than-expected regulatory progress in key markets as a primary reason. The decision follows a comprehensive review initiated in February, which reassessed the company’s progress in its core jurisdictions, challenging the assumptions that shaped its January 2023 financial targets. This Downturn […]
Business
July 4, 2024
William Hill Reports Strong Financials Despite Challenging Market Conditions
In its annual financial report for the fiscal year ending on December 31, 2023, William Hill presented a strong financial performance, which showed resilience and strategic progress in the market. William Hill Reports Slightly Lower 2023 Earnings, But Sees Growth in Key Areas William Hill’s earnings for 2023 were £1.2 billion ($1.5 billion), slightly down […]
Business
July 3, 2024
Relax Gaming Names Kirsten O’Neill as Second-Ever CFO
Relax Gaming, a leading iGaming aggregator and content supplier, announced that it has named the experienced Kirsten O’Neill as its new chief financial officer. Having joined the company in 2021, the appointee will now assume responsibility for the company’s finances. O’Neill originally served as group finance manager, leveraging her experience to sort out financial matters […]
