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Business News and Headlines
Business
March 21, 2024
Better Collective Execs Enjoy Large Combined Pay Jump in 2023
February has been a busy month for the digital sports media group Better Collective. After finalizing the acquisition of Playmaker Capital and publishing the unaudited FY 2023 report that showcased 2023 as a very strong year, the company announced it was targeting double-digit revenue growth and busy completing a capital raise of around 10% new […]

Business
March 21, 2024
Penta Investments Reportedly Considers Divesting Fortuna Entertainment
Penta Investments, which owns the betting and gaming powerhouse Fortuna Entertainment Group, is reportedly considering selling the operator. According to Reuters, the investment group onboarded JPMorgan to explore a potential sale. Fortuna, which is one of the leading gambling entities in Central and Eastern Europe, could sell for as much as 2 billion Euros, a […]

Business
March 21, 2024
Sportradar Posts Exceptional Q4 and Full Year 2023 Results
The leading global sports technology company, Sportradar, released its latest financial update, uncovering details regarding its performance for the fourth quarter and full year 2023. The company confirmed that its revenue for 2023 hit €877.6 million ($957.3 million) a result that marked a 20% year-over-year increase. The growth was driven primarily by an increase in […]

Business
March 21, 2024
Las Vegas Sands CEO Goldstein Divests $5.2M in Company Shares
Recently, Robert Goldstein, Las Vegas Sands’ chief executive officer (CEO), divested a number of his shares in the company. The sale involved 100,000 shares of Class A common stock in the Las Vegas Sands, a Form 144 filing with the Securities and Exchange Commission (SEC) reveals. The SEC filing confirms that the 100,000 shares have […]

Business
March 21, 2024
Star’s Special Manager Is Being Paid $1M a Year, Report Says
Nicholas Weeks, the government-appointed special manager of Star Entertainment’s business is being paid almost $1 million a year for his work at the company’s Sydney casino, the Financial Review reported. Considering that Weeks is also responsible for overseeing the group’s casino in Queensland, his salary might be well over what Star CEO Robbie Cooke gets. […]

Business
March 21, 2024
ZEAL Reports Strong FY 2023 Figures despite Weak Jackpot Environment
ZEAL Network, Germany’s leading provider of online lottery products, has published its FY 2023 report, once again demonstrating the strength of its business. The company expanded its position as a market leader despite Germany’s harsh regulations. According to ZEAL’s report, billings in the lottery sector increased to EUR 843.3 million ($920.6 million). Revenue, on the […]

Business
March 21, 2024
MGM Resorts Contemplates Selling Ohio and Massachusetts Casino Ventures
MGM Resorts International is reportedly considering the sale of its casino operations located in Ohio’s Northfield Park and Springfield, Massachusetts. Stock Woes Prompt MGM Resorts to Mull Ohio and Massachusetts Property Sales Sources familiar with the matter revealed to Bloomberg that MGM Resorts is actively exploring the possibility of selling its properties in Ohio and […]

Business
March 20, 2024
Gambling.com Group Closes $50M Credit Facility with Wells Fargo
Gambling.com Group Limited, an award-winning performance marketing company serving the iGaming industry, has announced the closing of a new credit facility with Wells Fargo Bank in the principal amount of $50 million. The credit facility is comprised of a $25 million revolving credit facility and a $25 million term loan facility, the marketing specialist added. […]

Business
March 20, 2024
Everi Holdings Supplies AML Tech to Great Canadian
Everi Holdings, a leading provider of gaming content and products, bingo, loyalty programs and fintech solutions to the land-based and digital gambling industries, has unveiled a new major partnership. As announced by the company, it has been selected to supply Great Canadian Entertainment with its cutting-edge AML technology. Under the newly announced deal, Everi will […]

Business
March 20, 2024
Winible Secures $6 Million in Funding to Revolutionize Sports Betting Sector
Winible, an innovative e-commerce platform targeting sports influencers and experts, has announced a significant milestone with the successful closure of a $6 million seed funding round. This funding, led by Inspired Capital, marks a pivotal moment for Winible as it aims to disrupt and transform the sports betting and gaming markets. The Platform Targets an […]
