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Business News and Headlines
Business
September 14, 2022
GiG Obtains License to Launch in Pennsylvania
Gaming Innovation Group has achieved another milestone with the company securing a license from the Pennsylvania Gaming Control Board to offer its services on the territory of the state. As a result, the company has been granted an “interim authorization” by the regulator and will now be able to provide its products in the Keystone […]
Business
September 14, 2022
Amelco Launches with LulaBet in South Africa
Amelco has delivered on its promise to launch its sports betting and platform products in South Africa, with the company debuting in the country through a partnership with LulaBet, a new operator. Amelco is deploying its tier-one solution and provides LulaBet with a full end-to-end sports betting platform that will be entering the market for […]
Business
September 14, 2022
ParlayBay Launches Products with 7Bet in Lithuania
ParlayBay, a company that focuses on the gamification of sports betting through unique titles, has teamed up with 7Bet, a Lithuanian sports betting operator. As a result, 7Bet will have access to the full range of titles offered by ParlayBay and seek to inspire audiences to engage with the platform on a deeper level. ParlayBay […]
Business
September 14, 2022
Lightning Box Sees 50% Growth Since Light & Wonder Acquisition
The acquisition of Lightning Box, a developer of iGaming products and slots specialist, has led to a solid increase in the company’s results over the past year, Light & Wonder Inc. reported. Since the company joined the Light & Wonder portfolio back in August 2021, the slot maker has been able to benefit from superior […]
Business
September 14, 2022
New England Patriots, Gillette Stadium Partner with Aristocrat
Aristocrat Gaming is definitely working hard at expanding its operations and footprint, and developments in the sports betting industry in the US are one of its focal points. It’s only been a month since the Bay State legalized sports betting and Aristocrat is already in a partnership with a successful Massachusetts NFL team – the […]
Business
September 13, 2022
Metropolitan Sells Emerald Resort and Casino to Focus on Other Opportunities
British gaming company Metropolitan Gaming has opted to divest its property in South Africa to focus on opportunities in other markets. The operator hopes to streamline its business and put more support behind its operations in its core markets. Metropolitan Gaming Sells South African Casino The new chapter in Metropolitan Gaming’s business began with the […]
Business
September 12, 2022
Loeb Gives Up on Convincing Disney to Spin Off ESPN
Daniel Loeb will no longer try to convince Walt Disney to spin off ESPN. The investor recently staked $1 billion in the company and believed that spinning off ESPN would help Disney reduce its debt. Loeb Changes His Mind When Loeb proposed the spin-off, he argued that separating ESPN from its parent company would help […]
Business
September 9, 2022
ASX Sports Seeks €750,000 with a Funding Campaign
Blockchain-powered fantasy sports provider ASX Sports announced a new crowdfunding initiative. The campaign plans to raise an additional €750,000, focusing on medium and small investors who will receive equity in the company. The operator simultaneously launched its newest live fantasy sports product, allowing peer-to-peer contests during games. ASX will use the extra funds to capitalize […]
Business
September 9, 2022
PlayAGS and Inspired Entertainment Merger Falls Through the Ground
PlayAGS has announced that the merger talks with Inspired Entertainment are off. Even though reports stated that the deal was almost finalized, PlayAGS turned down Inspired’s proposed takeover and as a result, the company was the worst-performing stock last Thursday as its shares dropped by 20.76%. The Original Proposition by Inspired Was $370 Million Back […]
Business
September 9, 2022
Entain Boss Buoyant about NFL Season, Ready to Brace Regulation in the UK
Entain CEO Jette Nygaard-Andersen has discussed the upcoming re-regulation of the UK gambling market, which will take place under Prime Minister Liz Truss and her newly appointed secretary of state for the Department of Culture, Media, and Sports, Michelle Donelan. Both women are known as gambling hawks who have been keener to push for tougher […]