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Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
Business
April 24, 2024
Xpoint Revolutionizes Geolocation Checks with Trust Mode
Xpoint, a leader in geolocation security solutions, has unveiled the release of a revolutionary new product. Trust Mode is a solution that allows Xpoint’s clients to decrease geolocation checks while remaining compliant with the requirements in US jurisdictions. Trust Mode, according to the announcement, complies with the required check frequencies while still reducing the overall […]
Business
April 24, 2024
Tribal Casino Payments to Michigan Mark Decrease in 2023
Currently, tribal operators represent an important part of the gambling market in Michigan. The state has established gaming compacts with 12 federally recognized Native American tribes, which operate a total of 23 land-based class III tribal casinos. The 23 casinos represent the majority of the sector in Michigan, considering that the only three commercial venues […]
Business
April 24, 2024
Las Vegas Sands Prepares for Major Debt Refinancing, Market Optimism High
Las Vegas Sands is gearing up for significant refinancing moves, with analysts anticipating a positive reception from the markets. CBRE Capital Advisors Inc., in a recent analysis, highlighted Las Vegas Sands’ plan to refinance a substantial portion of its outstanding debt, emphasizing its intentions to navigate upcoming financial obligations smoothly. Sands China and Las Vegas […]
Business
April 24, 2024
Goldman Sachs Recognizes MGM’s Leadership in Share Repurchases
MGM Resorts International is poised to emerge as one of the frontrunners in share repurchasing this year, according to financial analysts at Goldman Sachs. The renowned casino operator’s consistent dedication to buying back its own shares has earned it a coveted spot in Goldman’s buyback basket, a significant indicator of market confidence. MGM Shines in […]
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
Business
April 23, 2024
PENN Names Ex-Disney Tech Executive Aaron LaBerge as CTO
PENN Entertainment has unveiled the appointment of the experienced Aaron LaBerge to its team. According to the announcement, the former Walt Disney tech specialist will serve the operator group as its new chief technology officer, effective July 1. In his new role, LaBerge will leverage his expertise to drive the company’s technology strategy and execution. […]
Business
April 22, 2024
Tom Daniel Bolsters Huddle Management Team as SVP of Trading
Huddle, a leading provider of trading solutions, announced the appointment of Tom Daniel as senior vice president of trading. Daniel will lead Huddle’s trading operations, driving strategic initiatives and spearheading innovation to elevate the firm’s trading capabilities. Daniel is poised to take center stage in advancing Huddle’s position as a market leader. Daniel Brings a […]
Business
April 22, 2024
Regis Dudena Becomes Leader of Brazil’s Prizes and Betting Secretariat
Régis Dudena, a lawyer with an extensive background in the legal sector, was designated as the leader of the Prizes and Betting Secretariat (SPA), the newly established regulatory body in charge of gambling in Brazil. A confirmation about the latest appointment came from a publication in the country’s Official Gazette of the Union. The appointment […]
Business
April 22, 2024
Saipan Casino Operator IPI Files for Chapter 11 Bankruptcy
The troubled Saipan casino operator, Imperial Pacific International (IPI) LLC, had its license suspended three years ago. In April 2021, the operator’s license was suspended after it failed to settle regulatory and license fees. Ahead of IPI’s hearing with the Commonwealth Casino Commission (CCC), which is set to decide whether or not the operator will […]
