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Business
April 4, 2023
Parsec Capital Acquires Majority Interest in Enteractive Media, Plans Nasdaq Listing
Parsec Capital Acquisitions, a special purpose acquisition company, has acquired a majority interest in Enteractive Media, a gaming affiliate company. Parsec Capital said that it plans to acquire the remaining Enteractive shares in the future, turning the company into a wholly-owned subsidiary. The current deal follows a previous merger announcement and overrides the actual merger […]
Business
April 4, 2023
Colorado Betting Handle Dips in February but GGR Increases
A new report released by the Colorado Department of Revenue sheds light on the performance of licensed sports betting operators during February. Overall, the betting handle reported by operators this February hit $425.1 million. This result, when compared to the result from the corresponding period in 2022 marked a decrease, considering that back then, the […]
Business
April 4, 2023
Kambi Extends Corredor Empresarial Partnership in Colombia
As a result, Kambi Group plc will continue to provide Corredor Empresarial S.A. with an advanced platform to power the latter’s betting and gaming operations. The two companies originally signed an agreement back in 2017 and have been maintaining a strong and successful relationship. Kambi and BetPlay Continue to Build Strong Partnership in LatAm Corredor […]
Business
April 4, 2023
UFC and WWE Merge in Historic $21B Deal to Create New Publicly Listed Company
Endeavor and World Wrestling Entertainment (WWE) have agreed to merge into a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE. Endeavor to Hold Majority Stake in New Company with WWE Merger Endeavor will hold a 51% controlling interest in the new company, and existing WWE shareholders […]
Business
April 4, 2023
Charlie Munger Says Gambling on Stock Market Impossible to Fix
Charlie Munger, Warren Buffet’s faithful lieutenant, has often been critical of anything that defies the stock market’s conventional logic. The COVID-19 market brought around a buzz among investors who splurged on anything but traditional stock and with this – they unlocked a torrent of criticism. Stock Market Proves as Addictive as Gambling Even when investors […]
Business
April 3, 2023
Jason Scott Exits BetMGM, Returns to Australia
The gaming giant BetMGM is parting ways with Jason Scott, its vice president of trading, VIP and retail sportsbooks. The experienced employee shared the news on LinkedIn, adding that he will now head back to Australia. Scott, who has served the Entain/BetMGM family for the last 11 years, said that his time with Entain and […]
Business
April 3, 2023
Swedish Gambling Regulator Awards Hacksaw Gaming B2B License
The fast-growing iGaming content provider, Hacksaw Gaming, announced it expanded further its European footprint after securing a new business-to-business (B2B) license. On Monday, the company confirmed that the Swedish Gambling Authority (SGA), approved its B2B gaming license. This license enabled Hacksaw Gaming to deliver its content to gambling operators licensed within the market in the […]
Business
March 31, 2023
GeoComply Hires Ex-Meta Director Vadim Jelezniakov as CTO
Geolocation, fraud and risk solutions provider GeoComply announced a new senior-level appointment. On Friday, the company strengthened its C-suite by hiring Vadim Jelezniakov, an expert within the technology vertical, for the role of chief technology officer (CTO). Overall, Jelezniakov brings more than two decades of experience. As a part of GeoComply, he will help oversee […]
Business
March 31, 2023
GAN Posts Strong Q4 and 2022, Confirms Strategic Review Launch
North American business-to-business (B2B) technology provider of real money internet gaming solutions and fast-growing international business-to-customer (B2C) betting operator, GAN, released its unaudited financial results outlining the performance of the company during the fourth quarter and 2022. The company posted strong revenue growth for Q4 and 2022, complemented by growth within B2B and B2C segments. […]
Business
March 30, 2023
Kambi Reports Growth in 2022, Continues to Expand Product Reach
The premium provider of sports betting services to licensed business-to-customer gambling operators, Kambi, released its latest annual financial report, outlining the company’s performance in 2022, highlighting important achievements and outlining plans for the future. Released Thursday, the new report shows that Kambi’s revenue in 2022 hit €166.0 million ($181 million). This result, when compared to […]
