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Business News and Headlines
Business
March 2, 2023
Light & Wonder Restructuring Efforts Pay Off as 2022 Revenues Soar
The cross-platform global game company released its official Q4 and end-of-the-year financial results, showing growth across all significant verticals. Light & Wonder’s impressive performance is already bearing dividends for its shareholders, who can expect strong momentum going into 2023. The management team expressed confidence that the company’s strategic transformation would continue to bring sustainable value […]
Business
March 2, 2023
MGM Resorts Brings Ben Winston as Member of the Board of Directors
Ben Winston is now the 12th member of the board and he is also a founding partner of Fulwell 73, a production company, and a prominent name in the industry. Professionally, Winston is the youngest show producer of a late-night program in the United States. He worked on The Late Late Show with James Corden […]
Business
March 2, 2023
Nevada Operators Enjoy Strong 2023 Start with $1.27bn Gaming Win
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report, outlining the financial performance of nonrestricted gaming licenses for January. Judging by the new report, the operators enjoyed a stellar start to the year, with the total gaming win hitting $1,272,955,068 in January 2023. A year-over-year comparison to January 2022 […]
Business
March 1, 2023
Better Collective Inks Media Partnership with Goal
Sports media company Better Collective, announced a new partnership Wednesday. The company confirmed it joined forces with Goal, a leading digital soccer media brand that is owned by Footballco. Under the terms of the new partnership, Better Collective will engage with Goal’s continuously growing customer base. Currently, the digital soccer media has some 64 million […]
Business
March 1, 2023
AmericanGambling Launches New Site Geared Towards Responsible Gambling
The website is targeting both new and experienced players who are passionate about gambling. AmericanGambling’s new platform will provide information to people throughout the US, covering topics ranging from US gambling laws and advise on responsible gambling to reviews of various licensed platforms and casino payment systems. The goal is to help players make wiser […]
Business
March 1, 2023
Konami Licenses Facial Recognition Technology to Independent Gaming
This agreement comes at a pivotal time for Independent Gaming, as the company operates in a market that is increasingly talking about the incorporation of facial recognition technology to protect consumers and help tackle problem gambling and money laundering across Australia. Facial Recognition Arrives at Australian Manufacturers The solution was first introduced at the G2E […]
Business
February 28, 2023
Codere Online Net Gaming Revenue Soars by 48% For 2022
The leading online gaming operator offering services in Latin America and Spain, Codere Online, released its fourth quarter and 2022 results, showing strong growth in revenue and an increased number of active monthly players. The company said Tuesday that its net gaming revenue in Q4, 2022, hit €37.7 million ($40 million). This result, when compared […]
Business
February 28, 2023
Scout Gaming Minimizes Losses, Continues Journey toward Positive Revenue
Scout Gaming has published its financial report for 2022, highlighting a noticeable decrease in annual losses. The B2B fantasy sports and betting provider attributed the improved metrics to its cost-effective strategy. As reported, Scout Gaming recorded losses of $5.76 million (converted from Swedish Krona) representing a 27% year-on-year decrease from the $7.87 million in losses […]
Business
February 28, 2023
IGT Posts 3% Increase in Revenue to $4.2 Billion for 2022
The multinational gambling producer of slot machines and gambling technology has published its Q4 and full year results for 2022, announcing it has reached all of its financial goals for the year while managing to strengthen its “product leadership positions” across Global Gaming, PlayDigital, and Global Lottery operations. Strategic Work Has Paid Off According to […]
Business
February 28, 2023
Shareholders Reportedly Approve Lottomatica’s IPO
Following the announcement that Lottomatica is expected to go public in April, Reuters reported that shareholders have approved the move. The plan is to list the Italian operator on the Borsa Italiana’s Euronext Milan exchange. While it is still unclear whether Lottomatica’s initial public offering will be able to meet the projected date, it is […]