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Business
June 21, 2024
Catena Media Expects Q2 Revenue Drop Because of Google Changes
At the start of May, affiliate business with a presence across multiple geographical markets, Catena Media, published its first quarter results for 2024, signaling suboptimal results. The serious drop across the board was tied to the poor execution of the business strategy, as well as Google’s recent changes. In similar news, the company that operates […]
Business
June 21, 2024
Boyd Gaming Eyes Penn Entertainment, Considers Acquisition
US casino powerhouse Boyd Gaming has reportedly approached fellow casino giant Penn Entertainment with an acquisition proposal. People familiar with the matter told Reuters that this could be the biggest casino merger in the US since Eldorado Resorts $17.3 billion acquisition of Caesars Entertainment. Following Reuters’ report, Penn’s shares experienced an increase of 8% to […]
Business
June 21, 2024
JP Morgan Highlights DraftKings’ Growth Prospects
Across the United States, DraftKings currently holds a leadership role in a number of markets. As one of the two major operators in the country that hold an overwhelming majority of the market share, the company constantly grows its presence and customer base. This ongoing growth did not go unnoticed with one industry expert confirming […]
Business
June 20, 2024
Wynn Resorts’ Vegas Expansion Project Is Still Alive
A crucial decision by the Clark County Zoning Commission should significantly benefit Wynn Resorts’ Las Vegas ambitions. The Commission voted on Tuesday to extend the previously approved development plans for a new resort tower on the Strip, keeping the operator’s vision for a third tower alive amidst evolving regulations and competitive pressures. The Third Tower […]
Business
June 20, 2024
Tipico Names Hefer CEO as Baca Takes over as Supervisory Board Chair
German sports betting provider Tipico has named Axel Hefer as its new chief executive officer. In this position, Herfer will succeed Joachim Baca who will now take over as chairman of the supervisory board instead. Baca has led Tipico for the last eight years, playing a crucial role in the company’s growth into a sports […]
Business
June 20, 2024
GiG Continues Ontario Growth with Venture Labs Deal
Just after finalizing its €15 million bond issue, Gaming Innovation Group (GiG), an iGaming marketing and media leader, announced the signing of a head of terms agreement with Ventures Lab. A market-leading leading online sports betting and gaming group, Ventures Lab will become GiG’s fourth partner in Ontario. In line with GiG’s global growth strategy, […]
Business
June 19, 2024
Flutter Adds Ex-Spotify Exec to Team, Names Soccer Legend as Betfair Ambassador
Flutter Entertainment has designated the experienced Mark Shaw as its new director of global payments strategy. A former Spotify executive, Shaw brings years of corporate experience to the team. Spotify isn’t the only noteworthy company Flutter’s new director has worked for. His impressive track record also includes stints with TSB Bank, Visa Europe and Vocalink. […]
Business
June 19, 2024
GiG Finishes Oversubscribed €15M Bond Issuance
At the start of the week, we announced that iGaming marketing and media leader Gaming Innovation Group (GiG) had signed a head-of-terms agreement for the acquisition of search engine optimization and content services provider Titan. The group also selected ABG Sundal Collier and Pareto Securities as the managers responsible for setting up a number of […]
Business
June 19, 2024
MGM China Confirms International Notes Offering for Professional Investors
The leading entertainment and casino operator that owns a luxury resort in Macau, MGM China Holdings Ltd., confirmed its plans to issue notes to professional investors internationally. The announcement came as a part of a Hong Kong Stock Exchange filing released earlier this week. In its filing, MGM China revealed that by issuing notes to […]
Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
