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Business News and Headlines
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
Business
August 11, 2023
New Jersey Anti-Smoking Group Hails Efforts by Connecticut Casinos
A day after Mohegan Sun and Foxwoods Resort Casino confirmed in separate statements and interviews that they had no intention to bring back smoking to their casino floors, the Casino Employees Against Smoking’s Effects (CEASE), issued a separate statement in which they lauded the commitment shown by the two operates. CEASE Hails Another Anti-Smoking Measure […]
Business
August 10, 2023
NetGaming Supplies Games to BetMGM Casino in Michigan
Online gaming and betting giant BetMGM has enhanced its iGaming lineup with the addition of games from NetGaming. The creative casino games developer will supply the operator’s Michigan-facing business with games. According to the announcement, launches in other states are also planned. The BetMGM Casino in Michigan is notably the first online operator in the […]
Business
August 10, 2023
REEVO Expands Content Lineups, Adds Barbara Bang Games
REEVO, a business-to-business provider and aggregator of iGaming content, has teamed up with Barbara Bang, an innovative gaming studio. Under the agreement, REEVO will add the developer’s titles to its vast aggregation platform. Thanks to the agreement, REEVO’s partnering operators will secure access to Barbara Bang’s exciting games. REEVO described the studio’s content as innovative, […]
Business
August 10, 2023
Catena and The Sporting News Set to Boost North American and LatAm Presence
Owing to a new partnership with The Sporting News, Catena is bringing home two important achievements – one the opportunity to further expand across North America as a whole, and two – a deeper reach into Latin American online betting and casino markets, owing to the new partner’s well-established footprint in both regions. This new […]
Business
August 10, 2023
NeoGames Posts Strong Q2 Results, Anticipates Further Growth
The technology-driven provider of leading iLottery and iGaming solutions and content, NeoGames, released its latest trading update Wednesday. Judging by the figures within its unaudited report, the company saw strong growth within the iLottery and iGaming vertical for the second quarter ended June 30, 2023. Overall, the company’s total revenues and share in NPI revenues […]
Business
August 10, 2023
Entain’s Strong H1 2023 Report Reflects Impressive Growth
Entain’s impressive financial achievements highlight the group’s continued success and ability to navigate the evolving landscape of the iGaming industry. Despite a potentially costly HMRC settlement, the gambling giant achieved notable success in its core markets and seized many new expansion opportunities, guaranteeing enduring growth. A growing customer base and improved community-focused efforts should ensure […]
Business
August 10, 2023
Better Collective Appoints Rene Schroder to Editor in Chief Role
Better Collective, the digital sports media group, confirmed a new senior-level appointment Thursday. The company revealed that it has taken an important step in expanding its European-facing presence by hiring the expert with extensive experience in sports and media, Rene Schroder, to the role of editor in chief. Joining Better Collective, he will be in […]
Business
August 10, 2023
OddsMatrix Launches Fast Markets to Stay Ahead of the Curve
EveryMatrix’s business-to-business sportsbook division, OddsMatrix, has launched Fast Markets just in time for the upcoming soccer season. As a result, its partnering operators will be able to engage fans with exciting real-time markets for their favorite game. The newly-launched product will encompass a variety of in-game, time-driven betting options. The Fast Markets will thus provide […]
Business
August 10, 2023
Penn Entertainment Sees Q2 Revenue Surge Amid Transformative ESPN Agreement
The entertainment giant reported revenues of $1.67 billion for the quarter, with a net income of $78.1 million, marking a substantial improvement from the $26.1 million recorded during the same period in the prior year. PENN Entertainment’s Q2 Earnings Call Centers on ESPN Partnership and Barstool Divestiture Despite these promising figures, the company’s Q2 earnings […]