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Business
July 26, 2024
FDJ Posts H1 Report, Refutes Kindred Deal Concerns
La Française des Jeux (FDJ) has published its H1 results, posting an increase in gaming revenue. In the meantime, the company’s chief financial officer addressed the looming acquisition of Kindred Group. FDJ’s H1 Results Were in Line with Expectations FDJ’s H1 report highlighted revenue of EUR 1.4 billion ($1.5 billion), marking an 11% increase year-on-year. […]
Business
July 26, 2024
Sega Sammy to Acquire Stakelogic and Expand Its Gaming Presence
Sega Sammy Holdings has announced its acquisition of Stakelogic, a leading Netherlands-based developer of gaming content. Through a definitive agreement between subsidiary SEGA SAMMY CREATION (SSC) and Stakelogic, the B2B supplier will join the Sega Sammy family. Sega Sammy Is Bullish on iGaming Subject to various regulatory approvals and the satisfaction of customary conditions, the […]
Business
July 26, 2024
Boyd Gaming Posts Favorable Q2 Report, Underpinned by Online Gaming
Boyd Gaming Corporation has published its financial report for the three-month period ended June 30, 2024 (Q2). Revenues continued to increase, underpinned by the online sector, but quarterly EBITDAR and net income experienced a decline. Boyd Gaming Published a Favorable Report Boyd Gaming reported Q2 results of $967.5 million, up from $917 million in Q2 […]
Business
July 26, 2024
Bally’s Corporation Commits to Standard General Merger Agreement
Bally’s Corporation has entered into a definitive merger agreement with Standard General L.P.—its largest common stockholder, under which Standard General will acquire all outstanding shares of Bally’s for $18.25 per share. This new chapter for Bally’s should bring fresh opportunities for the operator and create lasting growth for the company. This Deal Should Significantly Expand […]
Business
July 25, 2024
LET to Axe Primorye Casino Resort Amid War-Related Sanctions
LET Group Holdings, a group that develops and operates integrated resorts across the Philippines, the Russian Federation and Vietnam, is set to hold a shareholder meeting to discuss the future of its Tigre de Cristal resort. The property, located in Russia’s Primorye gambling area, could be axed amid difficulties related to the West’s sanctions. For […]
Business
July 24, 2024
High Euro 2024 Activity Bolsters Kindred’s H1 Report
Kindred Group has published its unaudited H1 report, highlighting increases across the board, driven by the company’s favorable performance in the second quarter of the year. CEO Nils Andén praised the solid quarter, saying that it builds on the solid start to 2024. In Q2 2024, the company reported a total revenue of £327.6 million […]
Business
July 24, 2024
Gambling Handle Grows in Deadwood, South Dakota, Betting Soars
The spending on gambling in Deadwood, South Dakota, increased for the first half of the year, data released from the state’s Department of Revenue reveals. Currently, legal gambling activities are available only in Deadwood and at Native American properties. The recently released data reveals that since the start of the year through June, the spending […]
Business
July 24, 2024
Kambi Posts Favorable Q2 Metrics, Driven by Busy Sports Season
Kambi Group has published its financial report for the second quarter of the year, reporting a slight increase to €45.7 million ($49.6 million). The 3% increase in turnover would have stood at 20% instead if not considering the impact of the Penn online migration. Operating profit for the period, on the other hand, reached €6.2 […]
Business
July 24, 2024
AI-Powered Start-Up PlayAIO Secures Milestone Investment
In a milestone event, data-driven AI start-up PlayAIO raised significant funding from Astralis Capital via its fund, Astralis Fund I. Equally important, it is the first time this company has entered a new gaming incubation strategy, underlining the substantial potential of PlayAIO. With more promising start-ups embracing AI technology, the gambling sector may soon enter […]
Business
July 23, 2024
DraftKings Prepares to Launch Sports Betting in Washington DC
DraftKings confirmed its intention to tackle Washington DC’s refreshed betting market. The American betting giant announced that it plans to launch its cutting-edge online sportsbook in the US capital, pending licensure and regulatory approvals. DraftKings Joined Forces with DC United to Launch in DC The arrival comes in the wake of an agreement with DC […]
