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Business News and Headlines
Business
January 8, 2024
Entertainment Executives Part Ways with Caesars, Suggests Report
The second-largest gaming and entertainment operator on the Las Vegas Strip, Caesars Entertainment, parted ways with up to ten of its entertainment executives, a new report claims. As announced by the Las Vegas Review-Journal last week, up to ten high-ranking entertainment executives were left out. The latest report cites sources close to the matter, yet […]
Business
January 8, 2024
Strong Bettor Performance May Impact DraftKings’ Q4 Results
Currently, DraftKings holds a leadership position within the growing sports betting sector across the US. The company plans to release its fourth quarter results in mid-February, highlighting key details regarding its performance for the last months of 2023. Ahead of the Q4 results, a leading equity research analyst spoke about an anomaly that may impact […]
Business
January 5, 2024
New York Betting Operators Set New $188.3M Revenue Record
Over the last few months, mobile sports betting operators in New York have reported exceptional results. The betting handle reported by the operators in October hit a $2 billion record, making the state the first one to surpass such a sum in wagers. Continuing this upward trend, November marked the second month in a row […]
Business
January 5, 2024
IGT’s Stock Rating Lowered amid Ongoing Strategic Review
The globally recognized gaming company, International Game Technology (IGT), observed a dip in its shares after its stock rating was downgraded Thursday. The decision to downgrade the stock by Jefferies came amid concerns about the slow progress of the announced strategic review by IGT. This saw Jefferies downgrade its rating for the leading gaming company […]
Business
January 4, 2024
PokerStars Veteran Moya Wilson Joins ACE Hollreiser as Director
Moya Wilson, a seasoned professional with over seven years of experience at PokerStars, has embarked on a new journey, joining ACE Hollreiser as its director. Her transition to the Isle of Man-based business consultancy marks an exciting turn in her career. Wilson was present during a period of rapid growth for PokerStars and will likely […]
Business
January 4, 2024
SCCG Appoints Peter Kula as VP of Global Strategy
SCCG Management has made another high-profile appointment, welcoming the gaming expert Peter Kula as vice president of global strategy. According to the consultancy, Kula’s impressive track record makes him a perfect fit for the company. The move follows the appointment of Mark Stebbings as chair of the SCCG Global Advisory Board, and will help the […]
Business
January 4, 2024
BoyleSports Welcomes Michail Koutsoukos as Head of Customer Engagement
Irish gambling company BoyleSports has reinforced its leadership team with the addition of an industry veteran as its new head of customer engagement. The one up to the task is Michail Koutsoukos, an individual with years of experience in leadership positions within the gaming sector. Koutsoukos announced that he will be joining BoyleSports on his […]
Business
January 3, 2024
Hard Rock Begins Construction of New Casino, Hires a New SVP of Hotel Operations
Hard Rock International has begun work on its joint project with the Tejon Indian Tribe in California. The groundbreaking ceremony for the Hard Rock Hotel & Casino Tejon featured a commemorative shovel groundbreaking and was attended by representatives of both Hard Rock and the Tejon Indian Tribe. Described as an exciting day for the state, […]
Business
January 3, 2024
SCCG Designates Ex-Betfred COO as Chair of Its Global Advisory Board
Premier management advisory firm SCCG Management has enhanced its Global Advisory Board with the appointment of the seasoned industry veteran Mark Stebbings as chairman. The new appointee boasts decades of leadership experience that will reinforce SCCG’s position as a leading gambling advisory firm. Prior to joining SCCG Management, Stebbings served as the chief operating officer […]
Business
January 3, 2024
Entain Names Eminence Founder Ricky Sandler as NED
Global sports betting and gaming giant Entain has unveiled a major new appointment to its team. As announced by the company, the experienced Ricky Sandler will join its team as a non-executive director. The appointment is with immediate effect, Entain added. It also explained that under the UK Corporate Governance Code, Sandler will not be […]