Business
October 7, 2024
Two Investors Condemn Playtech’s €134M Executive Bonus Proposal
Ahead of the finalization of the sale of Snaitech, Playtech’s business-to-consumer (B2C) arm, to Flutter Entertainment in a multi-billion-dollar deal, investors in Playtech criticized a proposed compensation package of more than $100 million. Palm Harbour Capital Criticized the Remuneration Proposal The aforementioned compensation package was confirmed back in September. The proposal seeks to benefit Playtech’s […]
Business
October 4, 2024
DraftKings Shuts UK DFS Platform Down, Ends Business in Europe
DraftKings has decided to put an end to its daily fantasy sports (DFS) operations in the United Kingdom amid ongoing efforts to streamline and optimize the company’s business. Effective immediately, the decision will prevent players from participating in new contests. DraftKings’ Business in Europe Is No More DraftKings has operated daily fantasy sports in the […]
Business
October 4, 2024
FDJ, Not Concerned About French Gambling Tax Rise Amid Stock Price Hit
Shares of French gaming group La Française des Jeux (FDJ) have plummeted on Thursday following a report that the French government is contemplating the idea of boosting social security contributions from the gambling sector starting in 2025. According to the business daily Les Echos, this measure is aimed at enhancing the Social Security budget, leading […]
Business
October 4, 2024
Betfred to Exit Virginia Too as Its Departure from Arizona Looms
Betfred has announced its exit from yet another US market amid an ongoing downsizing of its business in America. The latest state where the sports betting operator’s products will no longer be available is Virginia where it officially stopped taking bets on Tuesday. The Company Struggled in Virginia Betfred has been gradually exiting the US […]
Business
October 4, 2024
BetMGM Enjoys Strong Progress in Online Gambling
A majority of the US states currently offer sports betting but when it comes to online casino, the number of states where the activity is available is quite low. A total of seven states currently offer legal iGaming but that number may grow in the future in case lawmakers consider benefitting from new revenue-generating activities. […]
Business
October 4, 2024
Atlantic Lottery Gets Content Boost from Evolution’s Ecosystem
The upshot is that the Atlantic provinces of Nova Scotia, Newfoundland, Labrador, and New Brunswick will all now benefit from the company’s diverse range of titles. Evolution Expands Content Across Swathe of Canadian Provinces This is possible not just through Evolution’s signature games, but also through the series of acquisitions that the company carried out […]
Business
October 4, 2024
PrizePicks Brings in Blizzard Entertainment Talent as CFO
As part of its internal restructuring, PrizePicks has expanded its C-suite with the addition of Marcus Sanford, a former Blizzard Entertainment chief financial officer, who will now serve in the same position at PrizePicks. Blizzard Entertainment Veterans to Now Steer Company His appointment is effective immediately, and he is taking the reins over from Ari […]
Business
October 3, 2024
Despite Headwinds for MGM, Analyst Sees Long-Term Growth Potential
MGM Resorts’ shares marked a more than 10% decrease year-to-date as of the market close on Wednesday. Despite the decrease and other short-term challenges an expert is optimistic about the company’s long-term growth prospects. MGM Faces Short-Term Challenges Carlo Santarelli, an analyst with Deutsche Bank, who was recently quoted by Casino.org, spoke about the company’s […]
Business
October 3, 2024
BetParx Teams up with Pavillion Payments for Real-Time Transactions
Announced on Tuesday, the partnership will integrate Pavillion Payments’ cutting-edge real-time payment solutions into BetParx’s platforms. Pavillion Payments Brings Real-Time Payment to BetParx Pavillion Payments supports RTP and FedNow networks, providing customers with a streamlined experience that facilitates payouts and deposits without a moment’s delay. BetParx has been working to strengthen the quality of its […]
Business
October 2, 2024
JMP Highlights Importance of In-Play Betting as Revenue Growth Driver
Considering that nearly 40 US states offer legal sports betting, millions of Americans can place bets on their favorite sport and team. The 2018 repeal of PASPA started the exponential growth of the betting vertical and its popularity hasn’t halted since. The expansion of mobile betting helped grow the number of betting markets with more […]
