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Business
April 16, 2024
ESPN Bet’s Underperformance Causes Analyst to Lower Penn’s Price Target
In a recent development impacting the stock market, Penn Entertainment saw a downgrade in its price target by Deutsche Bank analyst Carlo Santarelli. The analyst revised the target down to $19 per share from the previous $22, maintaining a “Neutral” rating. This alteration came in the wake of a turbulent trading day where Penn Entertainment’s […]
Business
April 15, 2024
Strive Gaming Onboards Ian Smith as Chief Technology Officer
Strive Gaming, a leading gaming platform provider for North America, has announced the appointment of Ian Smith as its new chief technology officer (CTO). With an illustrious career spanning over two decades in the gaming industry, Smith is the perfect addition to Strive’s management team, enhancing the quality of its offerings and bringing a fresh […]
Business
April 15, 2024
Square in the Air Bolsters Strategic Vision with Key New Hire
Square in the Air, a leading marketing and PR supplier in the iGaming industry, has appointed Mark Armitage as the director of its newly created performance marketing division. Armitage brings over 16 years of industry experience to his new role, having held prominent positions at companies such as Kindred Group and William Hill. Quality Marketing […]
Business
April 15, 2024
Relax Gaming Appoints Martin Stålros as CEO
Relax Gaming, a leading iGaming supplier and aggregator, has designated Martin Stålros as its new chief executive officer. In this position, Stålros will replace the outgoing Simon Hammon who has served as CEO since 2022. The latter will remain on board until October to ensure a smooth transition of responsibilities. Stålros is no stranger to […]
Business
April 15, 2024
Indiana Betting Handle Soars in March but Revenue Dips
March proved to be a busy month for licensed sports betting operators in Indiana, newly released data by the gambling regulator in the state, the Indiana Gaming Commission (IGC), reveals. The total betting handle reported by operators in March hit $500.8 million. This result, compared to the $433 million figure reported for the same period […]
Business
April 15, 2024
Sinclair Broadcast Group Divests 7.91M of Bally’s Shares
The leading gaming and entertainment company, Bally’s Corporation, announced it registered to sell some 7.9 million shares on behalf of SBG Gaming LLC, a company that is a wholly-owned subsidiary of Sinclair Broadcast Group Inc. Details regarding the divestment came from a Form S-3 filing with the Securities and Exchange Commission (SEC) dated April 12, […]
Business
April 12, 2024
Altenar Strengthens C-Suite with Sam Hill as Sales Director
The leading provider of sportsbook services, powering gaming operators across the globe, Altenar, strengthened its senior-level team with a fresh appointment. On Friday, the company revealed it added Sam Hill, an expert with nearly 15 years of experience within the gambling sector, to the role of sales director. Joining Altenar’s C-suite, the seasoned executive is […]
Business
April 12, 2024
GeoComply Supplies Sightline with ID Verification Solutions
Leading fintech company Sightline has formed an exclusive partnership with GeoComply, a compliance and anti-fraud tech solutions leader. Under the deal, the two parties will bolster the security and efficiency of digital transactions in regulated gaming. As per the deal, GeoComply will integrate its cutting-edge IDComply identity verification solution and compliance-grade geolocation tools into Sightline’s […]
Business
April 11, 2024
BetMakers Technology Group Unveils Acquisition of RACELAB Assets
BetMakers Technology Group announced that it has acquired assets of RACELAB, a leading international supplier of enhanced racing wagering products and technologies. According to the report, the former company will pay a total of AUD 1.5 million ($980,000) in cash with a clawback of up to AUD 500,000 ($326,000) dependent on key customer novation within […]
Business
April 11, 2024
BlueBet Confirms Historic Merger with Betr
The merger between BlueBet and Betr is now a fact. After months of speculation and rumors, the former company confirmed the acquisition on the ASX. Under the agreement, Betr’s parent company, the Tripp Group, will receive a majority of shares in BlueBet. The merger will benefit both companies in different ways. BlueBet will be able […]
