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Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Business
June 6, 2024
Eminence Capital Becomes Entain’s Fourth Largest Shareholder
Ricky Sandler, CEO of Eminence Capital, has increased his stake in Entain to 5.18%, making Eminence Capital the fourth largest shareholder of the FTSE 100 firm. On 3 June, Sandler acquired an additional 7.1 million shares, bringing Eminence Capital’s total holdings in Entain to 37,154,030 shares, thus surpassing the 5% reporting threshold. Entain Is Increasingly […]
Business
June 6, 2024
Cordish Companies Picks Jamie Williams for Sales Director in Louisiana
The gaming division of the Cordish Companies, Cordish Gaming Group, announced a new important senior-level appointment, strengthening its team for Live! Casino & Hotel Louisiana, the company’s newest hotel gaming and entertainment resort. Earlier this week, the company confirmed it hired Jamie Williams, a hospitality and gaming veteran with extensive experience, for the role of […]
Business
June 5, 2024
Reimblad Exits Kindred, Colley to Serve as Interim Director of Sportsbook
Kindred Group is parting ways with its director of sportsbook, Andreas Reimblad. Having served the company for over 16 years, Reimblad will now explore new options. In a post on LinkedIn, Reimblad explained that his departure comes ahead of a “new and exciting opportunity.” Reimblad remarked that the Euro 2024 would mark his 8th major […]
Business
June 5, 2024
FanDuel Maintains Leadership Position, Suggests JMP Securities
Within the flourishing legal betting market in the United States, there are two major operators constantly competing for dominance, FanDuel and DraftKings. The two hold an estimated 80% of the legal betting sector in the country, reaffirming their unquestionable leadership position. Now, according to a new report, while competition between the duo continues, FanDuel is […]
Business
June 5, 2024
Yolo Group Taps Ex-Flutter Specialist as Chief Product Officer
Yolo Group has enhanced its leadership team with another noteworthy appointment, naming the experienced Ashley-Christian Hardy as its new chief product officer. Boasting years of experience at gaming companies, Hardy will now be responsible for the group’s product growth initiatives. As mentioned, the new hire boasts years of product experience and is the founder of […]
Business
June 5, 2024
Gaming Innovation Group Confirms Completion of SEK 100M Share Issue
The leading iGaming technology company, delivering services, solutions and products for gambling operators across the globe, Gaming Innovation Group (GiG), announced it has raised approximately SEK 100 million ($9.6 million) after issuing more than 3.2 million shares to existing shareholders and new investors. Details regarding the strategic move emerged Tuesday with GiG confirming that its […]
Business
June 5, 2024
DraftKings Arrives on BofA’s US 1 List Despite Slight Dip in Stock Price
Over the last month, a decrease was observed in DraftKings’ stock price. Trading at $35.52 as of the market close on Tuesday, the price marked a 19.40% decrease in the last month alone. Despite the weak performance, DraftKings was recently added to the Bank of America’s US 1 List, a list that gathers some of […]
Business
June 4, 2024
Crown Resorts Names Borghetti Chair as McBeath Steps Down
Australian casino and hospitality giant Crown Resorts announced that its board of directors has designated the experienced John Borghetti as its new chairman. The appointment follows William McBeath’s recent decision to step down as chair and instead focus on his NED responsibilities. McBeath was named chair in July 2022, shortly after the company was acquired […]
Business
June 4, 2024
Bragg Gaming Appoints Robbie Bressler as Interim Chief Financial Officer
Bragg Gaming Group, a leading global iGaming technology and content provider, announced today the appointment of Robbie Bressler as interim chief financial officer, effective 1 July 2024. Bressler’s industry expertise will be invaluable for helping the company capitalize on emerging growth opportunities and achieve sustained profitability despite rising macroeconomic challenges. The New Interim CFO Has […]
