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Business
May 7, 2024
Catena Media Reports Underperformance Amid Management Changes
The performance-based online marketing company that caters to the iGaming and betting sectors, Catena Media, released its latest financial report Tuesday. The company disclosed its interim report covering the period between January and March 2024, revealing unsatisfactory results, pointing to year-over-year decreases in a number of operating segments. Per Catena’s new report, revenue from continuing […]
Business
May 7, 2024
Mike Cardell Joins Scientific Games as SVP, Americas Systems
The leading retail and digital games supplier, technology, analytics and services provider, powering betting operators and government-sponsored lotteries across the globe, Scientific Games (SG), announced a new senior-level appointment. The company confirmed it appointed Mike Cardell for the role of senior vice president (SVP) of Americas Systems. Joining the company, the executive brings nearly two […]
Business
May 6, 2024
IC360 Forms Historic Geolocation Partnership with Radar
Integrity Compliance 360 (IC360), an integrity and compliance specialist formed through the recent merger between US Integrity and Odds On Compliance, has unveiled a strategic partnership with Radar, a recognized leader in geolocation technology. The tie-up will combine the two parties’ strengths in location intelligence, gaming compliance and integrity monitoring to deliver a state-of-the-art suite […]
Business
May 3, 2024
Games Global Announces Milestone IPO Amidst Growth Ambitions
Isle of Man-based gambling software company Games Global Ltd. is gearing up for its US initial public offering (IPO) with ambitious plans to raise approximately $254 million. The company plans to list on the New York Stock Exchange under the symbol GGL, with underwriters including J.P. Morgan, Jefferies, Macquarie Capital, and Barclays. The Move Reflects […]
Business
May 3, 2024
DraftKings Reports Impressive Q1 2024 Financials, Raises Guidance
DraftKings Inc. has announced its financial results for the first quarter of 2024, posting robust revenue growth and providing an optimistic outlook for the rest of the year. The company also shared updates on its business performance and strategic prospects as it hopes to further capitalize on the spread of regulated sports betting and iGaming […]
Business
May 2, 2024
Caesars’ Revenues Decline in Q1 Despite Increase in iGaming Win
Gambling juggernaut Caesars Entertainment has published its quarterly report for the three months ended March 31, highlighting a slight decline in revenue amid an increase in net loss. Despite the setbacks, the company remains in a strong financial position. Caesars posted net revenue of $2.7 billion for the three-month period. This figure represents a slight […]
Business
May 2, 2024
Entain Listed among Top Tech Employers in the UK by LinkedIn
The globally recognizable gaming and entertainment company, formerly known as GVC Holdings, Entain, was recognized by the popular business and employment-focused media platform, LinkedIn. Last week, the business platform released its inaugural LinkedIn Top Companies 2024 tech list, highlighting the top 10 best workplaces in the UK. The latest list, compiled by LinkedIn, included a […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
Online Gambling GGY in UK Rises in Latest Quarter but Retail Slows
The gambling regulator in the UK, the Gambling Commission, published its most recent data, uncovering insights regarding the number of bets, revenue and performance of the market for quarter 4 of the financial year 2023 to 2024, or the period between January and March. The latest data was compared year-over-year to quarter 4 of 2022 […]
