Business
May 14, 2024
Sharp Alpha Closes $25M Fund to Fuel Sports, Gaming Startups
Sharp Alpha Advisors has announced the successful closing of Sharp Alpha Fund II, its venture capital fund that has surpassed its initial target, securing over $25 million to invest in early-stage sports, gaming, and entertainment businesses. The fund has attracted diverse backers, including public companies, US financial institutions, pro sports team owners, family offices, top […]
Business
May 14, 2024
Flutter Reports $375M Comprehensive Net Loss in Q1, 16% Revenue Growth
The leading online sports betting and iGaming operator with a versatile portfolio of brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and MaxBet, Flutter Entertainment plc, has published its Q1 2024 financial report. The industry leader, which recorded $11,790 million of revenue globally for fiscal year 2023, and $3,397 million of revenue […]
Business
May 14, 2024
Maciej Smolarek Leaves Role as Yggdrasil’s Chief Technology Officer
The provider of superior online gaming solutions and products, powering iGaming operators across the globe, Yggdrasil, will now be looking for a new chief technology officer (CTO), after Maciej Smolarek announced his plans to depart from the company. Smolarek initially joined Yggdrasil back in January 2023. At the time, he was appointed to the role […]
Business
May 14, 2024
Bank of America Breaks Down Q1 Gaming Sector Results
Recently, major gaming and entertainment companies across the United States released their financial results. In light of the latest figures, revealing details regarding the businesses’ performance in Q1 this year, Bank of America (BofA) confirmed the release of its first quarter earnings scorecard, as announced by CDC Gaming. The latest report compared estimates with report […]
Business
May 14, 2024
Games Global Halts NYSE IPO Plans Amid Market Uncertainty
Online casino-style gaming content developer and distributor Games Global Limited is not going ahead with its planned initial public offering (IPO) in the United States for the time being. The company announced its decision on May 13 citing uncertain market conditions. Games Global’s Board of Directors Prioritize Stakeholder Interests Games Global’s Board of Directors made […]
Business
May 13, 2024
888 Rebrands as Evoke as Shareholders Approve New Identity
Gambling powerhouse 888 announced that it has officially completed its rebranding as evoke. The new identity is meant to better reflect the company’s multi-brand operating model and mission to provide cutting-edge entertainment to players. The move received almost unanimous approval as approximately 99.8% of shareholders voted in favor of the group’s name change. As evoke, […]
Business
May 13, 2024
TESTA Appoints Jenny Ramstedt as Head of Sales to Drive Global Expansion
TESTA, a leading company specializing in crowdsourced quality assurance and testing for the iGaming and sports betting industries, has announced the appointment of Jenny Ramstedt as head of sales. With a strong background in software development and extensive experience in iGaming operations, Ramstedt is poised to spearhead TESTA’s global growth initiatives. TESTA Gains a Seasoned […]
Business
May 13, 2024
Ex-Rank Group CEO in Talks to Lead Entain
FTSE-100 online gambling giant that owns Ladbrokes, Entain, has added a fresh name to the list of candidates for the chief executive officer (CEO) position. According to sources close to Sky News, former Rank Group CEO, Henry Birch, could take over interim CEO Rob Wood’s responsibilities. More Names on the List While Birch represents a […]
Business
May 10, 2024
SJM Holdings Posts Stellar Q1 Results as Post-COVID Recovery Continues
SJM Holdings, a leading owner, operator and developer of casinos and integrated entertainment resorts in Macau, has published its unaudited results for the quarter ended March 31. The company reported Q1 group net gaming revenue of almost HKD 6.5 billion ($830 million), far exceeding the HKD 3.7 billion reported in Q1 2024. In the meantime, […]
Business
May 10, 2024
Playtika Posts Q1 Report, Unveils Share Buyback Program
Playtika, an Israeli digital entertainment company specializing in the development and publication of mobile games, has posted its results for the period ended March 31, 2024. The company reported a slight decrease in revenue and published its FY 2024 guidance. Playtika’s revenue for the period increased by 2.1% sequentially to $651.2 million. However, this figure […]
