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Business News and Headlines
Business
March 30, 2022
Suncity Group 2021 Report Casts Doubts on Company’s Future
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
Business
March 30, 2022
Tabcorp’s Lottery & Keno Demerger Up to Shareholder Vote
Australian gambling business Tabcorp announced the demerger of its Lotteries & Keno business moved one step closer after the Supreme Court of New South Wales ruled for a shareholder vote on the proposed scheme. Court Green-Lighted Demerger The NSW court ruling requires Tabcorp to convene a shareholder meeting and conduct a shareholder vote on a […]
Business
March 30, 2022
Pinnacle Obtains MGA License as It Pivots towards Esports
Pinnacle Solution, a sportsbook management software firm, has achieved another milestone by obtaining a license from the Malta Gaming Authority (MGA). This development will allow the company to expand its geographical footprint and bring its products to new markets as well as collaborate with more established partners. Pinnacle Welcomes MGA License as Pivot towards Growth […]
Business
March 29, 2022
Boyd Gaming to Acquire Pala Interactive for $170m and Enter Ontario
Nevada-based casino operator Boyd Gaming Corporation entered into a definitive agreement to purchase an iGaming software and services supplier owned and operated by the Pala Band of Mission Indians. ‘At the Forefront in Creating Online Gaming Platform’ Pala Interactive, a North American supplier of software and services, founded by the Pala Band in 2013 and […]
Business
March 29, 2022
Parimatch and Russian Esports Organization Team Spirit Cut Ties
Parimatch, one of the most active against the war in Ukraine gambling industry businesses, ended its partnership with Russian esports organization Team Spirit due to the ongoing military actions in Ukraine. ‘Agreement Terms Fulfilled’ Parimatch and Team Spirit terminated an arrangement, which began in 2019 and was extended throughout 2024 earlier this year and which […]
Business
March 28, 2022
Parimatch Tech Finalized Withdrawal from the Russian Market
Parimatch Tech, the developer of Parimatch and a provider of global gambling tech and marketing solutions, has concluded its withdrawal from the Russian market. The finalization came on March 26, a month after the company announced the move. Parimatch Tech Demonstrated Solidarity to Ukraine The provider’s decision to leave Russia was sparked by the country’s […]
Business
March 28, 2022
Galaxy Gaming and John Wicks to Boost Reach of Perfect Pairs
Galaxy Gaming and John Wicks are more than happy to continue their collaboration in the coming years. To this end, the pair have agreed to extend their content partnership which began in 2019 and concerned John Wicks’ portfolio of table games and targeted distribution across the United Kingdom. Building upon Successful Relationships Now, the companies […]
Business
March 25, 2022
Gambling.com’s Full Year 2021 Revenue Growth Offset by Expenses
Affiliate services provider for the gambling industry Gambling.com Group released its full year 2021 financial results Thursday, reporting revenue growth of 51% and a 17.8% drop in net income. Organic Revenue Growth Gambling.com Group’s revenue for the year ended December 31, 2021, amounted to $42.3 million, up from the $28 million reported in the previous […]
Business
March 25, 2022
bet365 Waived £120m Stoke City Debt, Converted into Shares another £40m
bet365 Group, an online gambling business operating out of Stoke-on-Trent and owner of Stoke City FC, announced this week a reduction of the English Football League (EFL) club’s debt by £160million ($211.2 million). ‘More Long-Term Stability for the Club’ The reduction which took place in a debt conversion of £40million ($52.8 million) of shareholder loans […]
Business
March 25, 2022
FanDuel Launches FanDuel Faceoff in Collaboration with Game Taco
American casino, sports betting and daily fantasy company FanDuel has teamed up with Game Taco – a provider of online skill-based video games and tournaments. FanDuel Faceoff Hits the Markets As per the agreement, the two have collaboratively released a new mobile application for skill-based games. The new app is called FanDuel Faceoff and was […]