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Business News and Headlines
Business
January 9, 2024
GiG Powers Betway’s Launch in Portugal
Gaming Innovation Group (GiG) has unveiled the launch of the online sports betting operator Betway in Portugal. Powered by GiG’s award-winning iGaming platform and sportsbook, Betway is the supplier’s second B2B partner in the country. Portugal, both companies believe, offers significant growth opportunities to operators. The country’s revenues continued to increase in 2022, hitting a […]
Business
January 9, 2024
Genting Singapore May Consider Thai IR Investment, Analyst
Genting Singapore, the operator of Resorts World Sentosa, a leading casino and entertainment venue located in Singapore, may consider investment in an integrated resort (IR) in Thailand, a new report suggests. According to Samuel Yin Shao Yang, a leading analyst with investment bank Maybank, there is an opportunity for the operator to pursue options for […]
Business
January 9, 2024
Entain Withdraws from More than 140 Unregulated Markets
The leading global gaming and betting operator, Entain, started to withdraw from unregulated gambling markets across the globe back in November 2020. Since then, the company has exited many jurisdictions and as of the end of last year operates only in regulated markets. Only recently, Entain completed an initiative that was referred to internally as […]
Business
January 9, 2024
Light & Wonder Adds Michael Marchetti to Board of Directors
Light & Wonder has enhanced its board of directors with another major appointment. As announced by the company earlier today, the experienced Michael Marchetti, a former SciPlay Corporation director has been added to the board. According to the announcement, Marchetti will step into the office on January 15, 2024. In his new position, the appointee […]
Business
January 9, 2024
Playson Agrees to Supply PokerStars with iGaming Content
Playson, a fast-growing digital entertainment supplier operating in over 20 regulated jurisdictions, has unveiled a major new partnership agreement. As announced, Playson has agreed to supply PokerStars, a major online poker and casino operator, with content. Under the deal, some of Playson’s biggest hits will be rolled out on the Flutter Entertainment-owned operator’s platform. At […]
Business
January 8, 2024
Kristian Nylén Plans to Step Down from CEO Role with Kambi
The leading business-to-business provider of services and solutions, powering betting operators across the globe, Kambi Group, announced changes to its senior leadership. On Monday, the company confirmed that its co-founder and CEO, Kristian Nylén, intends to step down from his role. The CEO and co-founder notified the company’s Board of Directors, confirming that he plans […]
Business
January 8, 2024
Bet365’s Revenues Increased in FY 2022/23 but So Did Losses
Global operator bet365 has published its annual report, highlighting a significant year-on-year increase in revenue. However, this favorable metric was offset by a substantial increase in operating loss. Bet365’s report covers the 52 weeks ended March 26, 2023, and highlights a total gaming and betting revenue of £3.39 billion ($4.32 billion, current rates). This represents […]
Business
January 8, 2024
Jette Nygaard-Andersen Will Take a Break before Pursuing Another Opportunity
Jette Nygaard-Andersen, Entain’s former CEO, departed from the global gaming company recently. Almost a month after her exit, Nygaard-Andersen released a statement on LinkedIn, expressing her thoughts about the departure. Entain’s ex-CEO said that the decision to leave the company did not come easily. She thanked everyone who supported her throughout her three years as […]
Business
January 8, 2024
888 Appoints Ex-Flutter Entertainment Exec Gallagher as CPO
Leading betting and gaming company that acquired the global, non-US business of William Hill in 2022, 888 Holdings, has appointed a new chief product officer (CPO) in the person of Flutter Entertainment’s former executive, Ian Gallagher. Gallagher to Lead “888’s Product Vision and Development” The new CPO’s responsibilities will include leading the group’s product vision […]
Business
January 8, 2024
PressEnter Group Appoints Hampus Eriksson as Deputy CEO
PressEnter Group, the name behind a number of influential iGaming brands, has reinforced its leadership team with another leadership promotion. Following the appointment of Philip Bell as chief commercial officer in November, the company has named Hampus Eriksson as deputy chief executive officer. Eriksson, who currently serves as chief product officer at the group, will […]