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Business News and Headlines
Business
February 15, 2024
FDJ Reports Solid Growth and Strong Results for 2023
France’s leading lottery and betting operator, La Française des Jeux (FDJ), released its latest financial update, highlighting strong growth of revenue and recurring EBITDA for 2023. The report, released Wednesday, reveals the company reported €2.62 billion ($2.82 billion) in revenue, a result that marked a year-over-year increase of 6.5%. A breakdown provided by FDJ confirmed […]
Business
February 14, 2024
Kindred Launches Initiative to Promote Heart Health in Pro Cycling
Kindred’s flagship Unibet brand has unveiled a new campaign to raise awareness about heart health issues within the cycling community. Called Follow Your Heart, the new campaign represents a partnership between the operator and the Dutch cycling team Tour de Tietema (TDT). As a part of the initiative, Unibet joined forces with the team to […]
Business
February 14, 2024
La Royale Gaming Enhances Leadership Team with Eamonn Faulkner
La Royale Gaming Investments, a pioneering Malta-based holding company fostering an innovative online and offline gaming enterprise ecosystem, has fortified its leadership by appointing Eamonn Faulkner as chief operating officer. Faulkner boasts over two decades of industry expertise, joining from his prior role at Videoslots, and will contribute his extensive experience to La Royale’s management. […]
Business
February 14, 2024
PrizePicks to Cease Paid Contests in New York after $15M Settlement
PrizePicks, a leading daily fantasy sports operator, has agreed to a settlement with the New York State Gaming Commission (NYSGC), consenting to halt its for-money contests in the state and pay a substantial settlement of nearly $15 million. The sum reflects the revenue generated by PrizePicks through purported interactive fantasy sports contests from 4 June […]
Business
February 14, 2024
GiG Publishes All-Time High Q4 Results
Gaming Innovation Group (GiG) has published its Q4 2023 financials, reporting increases across the board. The company’s metrics for the period were very strong, underpinned by the company’s robust business strategy. GiG’s Q4 2024 revenues stood at EUR 35.6 million (38.2 million). This is notably the highest quarterly revenue ever recorded by the group and […]
Business
February 14, 2024
Entain Shares Drop 4% After MGM Excludes Takeover Bid
Recently, MGM Resorts’ chief executive officer, Bill Hornbuckle, was asked about any change of heart following the company’s latest public statement on the acquisition bid topic. His answer led to a 4% drop in Entain’s shares. Last fall, it was speculated that MGM Resorts would possibly make a new acquisition bid for global gaming giant […]
Business
February 14, 2024
GAN Shareholders Give the Thumbs Up to Sega Sammy Merger
Most GAN shareholders have approved the company’s looming acquisition by Sega Sammy. The deal, originally announced in August, will see the company’s B2B and B2C iGaming business acquired by the Japanese gaming powerhouse. As it turns out, 95% of the company’s shareholders support the merger. For reference, the latest shareholder meeting was attended by people […]
Business
February 14, 2024
MGM Resorts Posts Exceptional Q4 and 2023 Results
The leading US and international gambling, entertainment and hospitality company, MGM Resorts International, released its latest unaudited financial report Tuesday. The company disclosed details regarding its performance for the fourth quarter of 2023 as well as the full year, highlighting strong growth in revenue pushed by exceptional results from MGM China. For 2023, MGM Resorts […]
Business
February 14, 2024
GamCare Appoints Mark Weiss as Deputy CEO
GamCare, a leading gambling support charity, has unveiled a major new appointment to its leadership team. According to the charity’s official announcement, the experienced Mark Weiss, currently serving as director of communications and external affairs, has also been named as the GamCare’s new deputy chief executive officer. The charity highlighted Weiss’ experience, noting that he […]
Business
February 14, 2024
Catena Media Updates Financial Goals as CEO Daly Targets AI Supremacy
Catena Media CEO Michael Daly has commented on the company’s AI capabilities in the wake of the company’s Q4 report. While he dubbed the financial results “disappointing,” Daly believes that the affiliate has an edge over its rivals when it comes to artificial intelligence. The firm has long been investing in AI solutions, seeking to […]