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Business
April 4, 2022
XLMedia’s CEO Resigns, the Company Will Search for a Replacement
XLMedia has announced that its chief executive, Stuart Simms, will be stepping down as he handed his resignation to the board of directors. According to XLMedia, Simms intends to resign because he wants to pursue other dreams and the UK digital publisher will undertake a formal process to find a suitable replacement. Simms Will Continue […]
Business
April 1, 2022
Entain to Deploy Syntropy’s Relay Network to Boost Performance
Transformative Web3 connectivity company Syntropy announced today a deal with global gambling group Entain that will see the group leverage Syntropy’s technology to improve performance. Reduce Latency and Packet Loss, Improve Performance Syntropy’s global relay network and decentralized autonomous protocol (DARP) will connect Entain’s data centers worldwide to reduce latency and packet loss and improve […]
Business
April 1, 2022
GiG to Close Acquisition of Sportnco for €51.37m
Gaming Innovation Group (GiG) announced today the Board of Directors issued a resolution to complete the €51.37 million ($56.5 million) acquisition of Sportnco after the company obtained the required approvals from all relevant authorities. Increase Short-Term and Long-Term TAM The acquisition of Sportnco which was initially announced in December last year is expected to strengthen […]
Business
April 1, 2022
Marcus Rich Becomes XLMedia’s Non-Executive Chair, Joins Three Committees
Effective immediately, Marcus Rich will serve as XLMedia’s new non-executive chair according to a new appointment decision. Rich, who is currently Digitalbox Plc’s non-executive chairman, will also be joining three different XLMedia committees. Rich Will Bring a Wealth of Experience to His New Position XLMedia’s interim non-executive chair Julie Markey expressed the board’s delight in […]
Business
March 31, 2022
Codere Online Accounted for Full Year 2021 Revenue Growth
Codere Online, an independent publicly listed company spun off Madrid-based Codere Group, released its fourth quarter and full year 2021 financial report, posting flat quarterly results and 17% growth in 2021 net gaming revenue. Flat Quarter, Double-Digit 2021 Growth For the quarter ended December 31, 2021, Codere Online achieved net gaming revenue of €22.2 million […]
Business
March 31, 2022
Novibet to Become Public via SPAC Artemis on $625m Valuation
Online gambling operator with a focus on European regulated markets Novibet is merging with a special purpose acquisition company (SPAC) to go public on the Nasdaq Stock Market. Accelerate Growth and Enter New Markets Malta-headquartered Novibet entered into a definitive agreement to merge with Nasdaq-listed SPAC Artemis Strategic Investment Corporation and agreed to create a […]
Business
March 31, 2022
FSB Joins Ontario Pre-Gaming Hype with License from AGCO
FSB has become the latest supplier that is entering Ontario, Canada as a fully-regulated provider of iGaming products. The company will be able to deliver its products to interested private operators who are also licensed to run business in the province as per its new license issued by the Alcohol and Gaming Commission of Ontario. […]
Business
March 31, 2022
LeoVegas Group Launches Tech Hub in Warsaw, Poland
LeoVegas Group is pivoting towards Poland where the iGaming company is now setting up a new tech hub that will help it continue to bring more innovation and progress to the industry. Poland is not a chance pick either. Places such as Krakow and Warsaw already host or have hosted prominent development studios, including NetEnt’s […]
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 […]
