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Business News and Headlines
Business
August 14, 2024
Entain’s Incoming Boss Readies to Step Down from Galaxy Gaming’s Board
An industry veteran, Gavin Isaacs, is preparing to step in at the helm of Entain, one of the largest betting and gaming companies worldwide. To ensure that he pays his undivided attention to the company, Isaacs has now confirmed that he will take an exit from Galaxy Gaming’s Board of Directors on August 30. Isaacs […]

Business
August 13, 2024
PAGCOR Reports Strong Q2, Enjoys Solid Performance of E-Games
The second quarter of this year marked a strong period for licensed casinos in the Philippines, with reported increases in total gross gaming revenue (GGR) year-over-year and quarter-over-quarter. The Philippine gambling regulator and government-owned, regulated and operated corporation, the Philippine Amusement and Gaming Corporation (PAGCOR), uncovered details regarding the GGR reported for the three months […]

Business
August 7, 2024
Super Group Posts Record Q2 Results Following US Exit
Super Group has published its financials for Q2 2024, outlining record-breaking revenues in the wake of its exit from the US market. Super Group Excels Following Its US Exit For Q2, the company reported revenue of €414.7 million ($453.2 million) marking an increase of 9% from €380.8 million in Q2 2023. The significant increase was […]

Business
August 7, 2024
IGT Selects Nick Khin for President, Global Gaming Role
Amid the sale of IGT’s Gaming and Digital business, the company recently disclosed its second quarter results. The Q2 2024 report pointed to $1.05 billion in revenue for the latest trading period, a figure that marked a decrease of 1% year-over-year. Now, the company announced a senior-level appointment as well. On Wednesday, IGT confirmed the […]

Business
August 7, 2024
ZEAL Publishes H1 Report, Highlighting Exceptional Results
ZEAL Network, Germany’s leading provider of lottery products, has published its H1 report, highlighting impressive financial success. As the company’s “strong growth path” continued, its group revenue increased by a whopping 40%. ZEAL’s H1 Metrics In the first half of 2024, ZEAL reported revenue of €76.8 million ($83.9 million), up 40% year-on-year. In addition to […]

Business
August 7, 2024
Wynn Resorts Records Record Quarter While Unveiling Global Expansion Plans
Wynn Resorts has plans to grow worldwide while enjoying a record quarter. The company saw its best second-quarter EBITDA ever reaching $572 million. This success came from strong results at its sites in Las Vegas, Boston, and Macau. Wynn Resorts Unveils Expansion Plans for Thailand and UAE While Thriving in Las Vegas Wynn Resorts wants […]

Business
August 6, 2024
Nuvei Acquires Licensed Brazilian Payment Institution
Nasdaq-listed, Canadian fintech company Nuvei Corporation has entered into a definitive agreement to acquire licensed Payment Institution Pay2All. The decision, considered a strategic milestone for the company, is expected to improve Nuvei’s capabilities in the domestic market in Brazil while strengthening its commitment to the Latin American (LATAM) region. The license of the Central Bank […]

Business
August 6, 2024
PrizePicks Designates Ex-Blizzard Prez Mike Ybarra as CEO
PrizePicks, North America’s largest daily fantasy sports operator, has reinforced its leadership team with a new C-suite appointment. As announced by the company, Mike Ybarra, former president of the video gaming giant Blizzard Entertainment, has joined its ranks as chief executive officer, effective immediately. Ybarra to Head the Next Phase of PrizePicks Growth In his […]

Business
August 5, 2024
Rush Street Interactive Promised It Will Not Surcharge Customers
Rush Street Interactive (RSI), a leading online casino and sports betting operator, has made an important announcement to its customers. Unlike some of its competitors, RSI emphasized that it has no plans to implement a customer surcharge. RSI Will Prioritize the Player Experience In its official announcement, RSI said that it will not surcharge customers, […]

Business
August 5, 2024
DraftKings Surcharge Scheme Could Become Buying Opportunity
Earlier in the month, we reported DraftKings’ plan for a new surcharge on customers’ net winnings implemented at the start of 2025, as mentioned in a letter to shareholders. The announced surcharge, which is expected to affect DraftKings’s winning clients in Illinois, New York, Pennsylvania, and Vermont, caused the operator’s shares (NASDAQ: DKNG) to slump […]
