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Business
June 18, 2024
Morgan Stanley Thinks Forecasted Buyback Will Boost DraftKings’ Shares
Earlier in the month, Morgan Stanley‘s analyst, Stephen Grambling, and his colleagues spoke about DraftKings’ impressive market growth and well-balanced promotional environment, giving the US-based vertically integrated sports betting operator a favorable outlook. Now, analysts from the same NYSE-listed leading global financial services firm are projecting a strong rest of the year for the operator, […]
Business
June 18, 2024
GiG Media Rebrands as Gentoo Media Ahead of Strategic Split
Online gaming marketing and media leader Gaming Innovation Group (GiG) unveiled a new corporate identity for its GiG Media division. Set to be spun off from the main company, the division will now be rebranded to Gentoo Media. The rebranding aligns with GiG’s intention to grow what was known as GiG Media into a separate […]
Business
June 17, 2024
Tabcorp Selects Former AFL Exec McLachlan for CEO and MD Role
The largest gambling company in Australia that currently has more than 5,000 employees, Tabcorp, announced a new senior-level hire. On Monday, the gambling giant revealed it selected Gillon McLachlan, the former Australian Football League (AFL) executive, for the role of CEO and managing director. An ASX announcement released by Tabcorp reveals that McLachlan will officially […]
Business
June 17, 2024
GiG Sets Out to Acquire SEO Specialist Titan, Considers Bond Tap Issue
Gaming Innovation Group (GiG), a leader in iGaming marketing and media, announced that it has signed a head-of-terms agreement to acquire Titan, a provider of SEO and content services. According to the former company, this acquisition will significantly enhance its operational efficiency and market position. GiG explained that the agreement would reduce costs and bolster […]
Business
June 17, 2024
Stake Teams Up with BetBlocker to Promote Safer Gambling
Online gaming and crypto betting giant Stake has unveiled a historic safer gambling deal with BetBlocker, a non-profit developer of anonymous responsible gambling software. In line with the operator’s ambition to protect players from harm, the deal will see Stake promote BetBlocker’s tools. For context, BetBlocker offers free software that players can install on their […]
Business
June 17, 2024
PENN Entertainment Strategic Review Is Unlikely, According to Analyst
The shares of the leading American gaming and entertainment company formerly known as Penn National Gaming, PENN Entertainment, took a dip after an analyst hinted that a near term strategic review of the company’s operations is unlikely. The company’s shares on NASDAQ traded around $19 prior to the announcement. However, a notable decrease of nearly […]
Business
June 17, 2024
US Government Loses Appeal in Steve Wynn Foreign Lobbying Case
A federal appeals court has dismissed a civil suit filed against Steve Wynn by the US Department of Justice (DOJ) that sought to force him to register as a foreign agent, in a major legal win for the casino mogul. The lawsuit, which was brought in May 2022 and centered around events from 2017, alleged […]
Business
June 14, 2024
AGLC to Buy 150 Valor Terminals From Inspired Entertainment
NASDAQ-listed business-to-business supplier of gaming content, technology, services, and hardware, Inspired Entertainment, has announced a fresh partnership with Alberta’s governmental agency responsible for overseeing casino gaming, Alberta Gaming, Liquor, and Cannabis (AGLC). The announcement comes half a year after the start of what proved to be a successful trial period, as a result of which […]
Business
June 14, 2024
DraftKings Continues to Grow as SPAC Businesses Decline
DraftKings has defied the odds, becoming one of the most successful companies to go public through a merger with a special purpose acquisition company (SPAC). While many businesses that adopt a similar approach have met the inglorious reality of low returns, the operator has firmly cemented itself as one of the business leaders in North […]
Business
June 14, 2024
Catena Media Names Jamie-Grace Farrugia VP HR, Parts Ways with Fiona Ewins Brown
Casino and betting affiliate specialist Catena Media announced that it will be parting ways with Fiona Ewins Brown who has served as its chief human resources officer for almost a decade. In the meantime, the company will appoint Jamie-Grace Farrugia as its new vice president of human resources. Brown, according to Catena Media, will depart […]
