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Business
January 24, 2023
Sportech Optimistic for 2022 Numbers in Pre-close Update
The global betting and technology company has announced its pre-close trading update in relation to the financial year that ended on December 31, 2022. Sportech praised its gross gaming revenue for the previous year, with emphasis on its sports betting vertical’s strong and constant performance. Food and Beverage Revenue Growth, Lower Operational Costs The company […]
Business
January 24, 2023
Michael Hoenig to Leave General Counsel Position with NIGC
On Monday, the NIGC’s chairman, E. Sequoyah Simermeyer, revealed that Hoenig’s departure will be effective starting from January 27, 2023. Overall, Hoenig was a part of NIGC for 16 years. During that time, he has held key roles within the Commission. In his most recent role as general counsel, Hoenig spent the last seven years. […]
Business
January 24, 2023
Michigan Online Betting and Casino Close to $2bn in Receipts for 2022
Overall, the gross receipts from commercial and tribal iGaming and internet sports betting operators hit $1.98 billion in 2022. This result marked a strong 41% increase when compared to the $1.4 billion in gross receipts reported a year ago, in 2021. A breakdown of that total showed that internet sports betting contributed $399.6 million in […]
Business
January 24, 2023
Aristocrat Poised for Strategic M&A Deals According to Fitch Ratings
Fitch Ratings has recently evaluated the creditworthiness of Aristocrat Leisure, affirming their Long-Term Issuer Default Rating at “BBB-“. The outlook on the rating is stable. Sound Balance Sheet Will Enable Aristocrat to Pursue M&A Deals The positive assessment is based on Aristocrat’s strong business profile as a global gaming supplier and low gross leverage. The […]
Business
January 23, 2023
SCCG to Provide Xite with Advisory Services
SCCG Management, a full service consultancy for companies in the gaming sector, has announced a new agreement with Xite Holdings, an esteemed alphabet lottery company. Under the newly-minted agreement, the former company will provide its new partner with advisory services. Xite Holdings Wants to Innovate the Lottery Sector As highlighted in SCCG Management’s official announcement, […]
Business
January 23, 2023
Swintt Supplies Bragg Gaming with Content
Gaming content studio Swintt has joined forces with the leading iGaming provider Bragg Gaming in a new deal. As per the deal, the former company will supply Bragg with iGaming titles. Swintt to Power Bragg with Games Swintt made headlines by inking a number of important deals in 2022 and is now continuing its momentum […]
Business
January 23, 2023
White Hat Studios Launches in Pennsylvania Continuing US Push
Thanks to the recent roll-out, the company’s content is now available for players within the regulated iGaming market in the Keystone State. The launch will see players in the state tap into leading titles from White Hat such as Deal or no Deal: The Golden Case Megaways, Bankin’ Bacon, The Goonies, Blackjack Players Choices as […]
Business
January 23, 2023
Caesars and Raynham Park Team Up for a New Sportsbook
Casino giant Caesars Entertainment has teamed up with Raynham Park, a simulcast racing center in Massachusetts. The two entities will unite their efforts to open a new in-person sportsbook just south of Boston. These plans are still awaiting regulatory approval but if approved, would mark Caesars’ in-person entry into Massachusetts. A New Sportsbook to Open […]
Business
January 23, 2023
MGM Reportedly Plans Business Combination with Entain
A recent report released by one of the leading financial service providers in the world, Deutsche Bank, suggests that a combination between Entain and MGM Resorts is possible and even represents a “fairly obvious combination.” According to analysts, a combination of the duo is likely to receive the support of shareholders. Founded in 1986, MGM’s […]
Business
January 20, 2023
CMS Platforms Benefit from Flexia Cashless Technology
Flexia is a Fintech company that delivers cashless solutions for the growing global gaming industry. The company’s unique solutions can be integrated via casino management systems (CMS) platforms, which provide a unique advantage for partner operators. In a recent interview for CDC Gaming Reports, Flexia’s president, Scott Walker and the company’s CEO, Craig Libson, shared […]
