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Business
November 16, 2023
Kambi Group Appoints Anders Ström as New Chair of the Board
It’s been a busy fall for Kambi Group, the premium business-to-business sportsbook supplier created to improve the sports betting experience for global players by partnering with visionary operators and “offering the ultimate in sports betting technology.” At the end of September, the group announced a partnership extension with ATG, a horse racing and sports betting […]
Business
November 15, 2023
Rivalry Secures $10M Investment from a Shareholder
Rivalry, a leading iGaming and online sports betting company, has secured a CAD 14 million (roughly $10.23 million) investment for an undisclosed existing institutional shareholder. The agreement represents a non–brokered private placement offering of convertible debentures under which each convertible debenture will consist of CAD 1,000 principal amount of 10% senior secured convertible debentures of […]
Business
November 15, 2023
Aristocrat Publishes FY 2023 Results
Aristocrat has published its full-year results for 2023, posting a robust revenue and EBITDA gain. Between September 2022 and September 2023, the company recorded operating revenue of AUD 6.3 billion. Now licensed in 103 countries and 327 jurisdictions, the company also reported EBITDA of AUD 2.1 billion. Based on normalized results, operating revenue recorded year-on-year […]
Business
November 15, 2023
Tencent Music Reports Q3 Decline amid China’s Crackdown on Gambling
Tencent Music, a company that develops music streaming services for the Chinese market, has reported satisfactory Q3 results despite the setbacks caused by the country’s crackdown on online gambling and certain gambling-like gamified features. As reported by Reuters, the music streaming company surpassed its initial quarterly estimates thanks to the noticeable increase in paid subscriptions. […]
Business
November 15, 2023
Ainsworth Explores Opportunities, Mulls over Going Private
Ainsworth Game Technology, a leading Australian casino machine manufacturer, might exit the Australia Stock Exchange amid considerations of strategic alternatives. This announcement comes almost a year after the supplier restarted paying dividends to its shareholders. As announced, the supplier is in the process of exploring opportunities and eyeing a return to being a private company. […]
Business
November 14, 2023
Galaxy Gaming Posts Q3 Results, Reports Increased Losses
Galaxy Gaming, a leading casino table games developer, has published its financial results for the quarter ended September 30, 2023. While the company reported increased revenue, its net loss doubled. The third quarter of 2023 notably saw Galaxy Gaming report revenue of $6.1 million, representing an increase of 3%. In the meantime, the company’s Adjusted […]
Business
November 14, 2023
Paysafe Maintains Its Momentum, Posts Favorable Q3 Results
Leading global payments provider Paysafe has published its Q3 results, reporting increased financial results for the third quarter of the year. The company, which just penned a major agreement with Fanatics Betting and Gaming, is optimistic about its continued momentum. In Q3, Paysafe reported revenue of $396.4 million, up 8% year-on-year. This increase represents a […]
Business
November 14, 2023
PressEnter Appoints Philip Bell as Chief Commercial Officer
Malta-based company that provides entertainment to the online casino industry via its premium gaming products, PressEnter Group, has announced it would be strengthening its senior management by adding industry veteran Phillip Bells to the team. Appointed as the new chief commercial officer, Bell will join the group that incorporates brands like NitroCasino, XLBet, UltraCasino, JustSpinat, […]
Business
November 14, 2023
Everi Deploys AML Solution at Prairie’s Edge Casino Resort
The global provider of products, content, financial technology and player loyalty solutions, powering digital and land-based gambling operators, Everi, announced a new partnership, allowing it to further expand its footprint in the United States. On Monday, the company revealed that it joined forces with Prairie’s Edge Casino Resort in Granite Falls, Minnesota. Under the terms […]
Business
November 14, 2023
PrizePicks Returns to Michigan with a Free-to-Play Product
PrizePicks has returned to Michigan, this time launching a free-to-play version of its pick’em daily fantasy sports game. The company’s pay-to-play product was recently outlawed in the state but PrizePicks seems to be adapting quickly. The free-to-play spin of the company’s product will first hit Michigan’s gaming market, allowing fans to once again play with […]
