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Business
February 13, 2023
Preliminary Results Predict 1% Revenue Drop for The Star in H1 FY23
The operator released its unaudited results for H1 FY23, revealing strong performance but an overall drop in revenue. The Star explained that for H1 FY23, the domestic revenue of The Star Gold Coast increased by 30% when compared to the corresponding period pre-COVID or H1, FY19. This result marked an achievement for the company as […]
Business
February 13, 2023
Stram Entertainment Is Ready to Acquire FansUnite Entertainment’s Affiliate Brand
As announced by FansUnite Entertainment Inc, BestOdds.com’s operator Stram Entertainment has signed a strategic deal to acquire BetPrep. The decision was made as a result of FansUnite’s strategy to optimize its operations, focus on profit, and accelerate its revenue growth. The international entertainment and sports company that offers technology for regulated online gaming had previously expressed […]
Business
February 13, 2023
FanDuel Is on Annual Profitability Path in 2023 Says CEO
In an interview for Bloomberg Television, Howe expressed her optimism about the company’s future and emphasized the robustness of the company’s operations. FanDuel Expects 17 million Bets on the Super Bowl FanDuel CEO Amy Howe expressed her confidence that this year will mark a turning point for her company: We feel very confident about our […]
Business
February 10, 2023
New York Sportsbooks Set Betting Handle Record in January
The New York State Gambling Commission, the regulator in charge of sports betting in the state, has announced the results outlining the performance of mobile sportsbooks for January. In total, the mobile betting handle in the state hit $1.79 billion, representing a new all-time-high record. It was back in early January last year when New […]
Business
February 10, 2023
MGCB Green-Lights 888 to Become Hannahville’s New Platform Provider
The Michigan Gaming Control Board (MGCB), which is responsible for implementing, managing, and enforcing the Michigan Gaming Control & Revenue Act’s provisions, has given the green light to 888’s VHL Michigan subsidiary to turn into the Hannahville tribe’s new platform provider under the Sports Illustrated brand. Twin Spires Exited the Business in 2022 The Hannahville […]
Business
February 9, 2023
Tekkorp Capital Adds Mark McMillan as Advisory Team Partner
Before joining Tekkorp, McMillan accumulated more than two decades of experience within the finance vertical. Moreover, he is a seasoned veteran and a proven leader after helping with the development of different corporate strategies that delivered growth for globally recognized companies. Before joining Tekkorp, McMillan was a part of William Hill US where he served […]
Business
February 9, 2023
Sisal Secures Exclusive Sports Betting License in Morocco
On Wednesday, the company revealed it has secured the license for the La Marocaine des Jeux et des Sports (MDJS) following a competitive tender process. Ultimately, Sisal was selected as the victor of the tender process and signed an eight-year agreement for the MDJS in Morocco. With that in mind, the deal itself can be […]
Business
February 9, 2023
Catena Media Confirms CFO Peter Messner Plans to Step Down
Details about the latest announcement emerged Wednesday and according to Catena Media, Messner is expected to leave from his current position within the next six months. In the meantime, the company confirmed it has already started the process of recruiting a new chief financial officer. Michael Daly, Catena’s CEO, explained that amid the growing presence […]
Business
February 9, 2023
MGM Q4 2022 Results Reveal Record Quarter for Las Vegas Properties
MGM Resorts International saw a significant boost in its earnings for the year 2022 with a revenue of $13.1 billion, a surge of 36% from the previous year’s $9.7 billion. This figure encompasses the financial results of several properties, including the newly acquired Cosmopolitan in Las Vegas, and the full-year operations of Aria and Vdara. […]
Business
February 9, 2023
Wynn Resorts Posts Strong Performance and Results for Q4 22
On Wednesday, the company posted its preliminary 2022 results, showing that its operating revenues for the year ended December 31, 2022, hit $3.76 billion, marking a flat result when compared to the corresponding period a year ago. Adjusted property EBITDAR for 2022 hit $725.4 million, marking an increase when compared to the $596.4 million result […]
