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Business
May 5, 2023
Xpoint Brings Manu Gambhir as CEO
Manu Gambhir is now the new CEO of Xpoint and he will help with the firm’s growth and broadening its list of partners in the real money online gaming market. Xpoint’s co-founder, Marvin Sanderson, will now refocus his efforts on Xpoint’s business development instead. Xpoint Taps New Company Chief Executive The appointment of Gambhir to […]
Business
May 5, 2023
Blackstone-owned Cirsa Explores Potential IPO in Spain
Spanish gambling company Cirsa, owned by US asset manager Blackstone, is considering various options, including an initial public offering (IPO), according to anonymous insiders. Cirsa’s Potential Deal May Be Affected by Lottomatica’s Disappointing IPO However, Lottomatica’s recent lackluster IPO in Milan, which priced its shares at the bottom of the targeted valuation range and led […]
Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
Business
May 4, 2023
GiG Maintains 2022’s Momentum with Impressive Q1 Financials
Gaming Innovation Group (GiG) experienced substantial growth across all primary verticals, smashing last year’s results with a 49% increase in revenue from 2021. The stellar financial results place the company in the perfect position to pursue its long-term strategy and consolidate its presence in its most profitable markets. Revenues Are Up across the Board As […]
Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Business
May 4, 2023
FansUnite Agrees to Sell Subsidiary McBookie for $4M
The global entertainment and sports company focused on delivering technology for online gambling operators, FansUnite, announced it has entered into a definitive agreement for the sale of its wholly-owned subsidiary, McBookie. Details about the new transaction emerged earlier this week and see FansUnite sell the business “to an arm’s length third-party” in a deal with […]
Business
May 4, 2023
EveryMatrix Enjoys Stellar 2023 Start with Strong Q1 Results
The provider of iGaming software, content, solutions and services for sports betting and online gambling operators, EveryMatrix, released its latest trading update, revealing data regarding its performance for the first quarter of 2023. The new figures show that between January 1 and March 31, 2023, the company has seen a strong financial performance that marked […]
Business
May 4, 2023
Rush Street Interactive Reports 20% Revenue Growth for Q1 2023
The company reported revenue of $162.4 million in Q1 2023, a 20% increase from the same period in the previous year. Additionally, the net loss for Q1 2023 was $24.5 million, a significant improvement from the $52.3 million net loss in Q1 2022. Adjusted EBITDA loss for Q1 2023 was $8.7 million, an improvement from […]
Business
May 4, 2023
Affinity Interactive Brings Halise Ekmen Uysal as CFO
Affinity Interactive, an omnichannel media and operator of casino properties in multiple jurisdictions across the United States, has announced the appointment of Halise Ekmen Uysal as the company’s new chief financial officer. More Than 20 Years of Relevant Experience The media, which is owned by Z Capital Group, has brought Uysal as an executive, tapping […]
Business
May 4, 2023
Blixx Gaming Brings Patrick Jonker as CEO
Blixx Gaming is part of HappyHour.io’s portfolio of investments in the gambling industry, and the brand will now benefit from the leadership of an iGaming veteran who brings a wealth of expertise to the company and its operations. Blixx Gaming Hails Arrival of Industry Expert Jonker is well-positioned to help with growth for Blixx and […]
