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Business
November 12, 2024
ComeOn Group Launches Sports Betting in Ontario
ComeOn Group, a leading global player in the rapidly growing iGaming market, announced that it has enhanced its product lineup in Ontario by launching an online sportsbook. The launch highlights the company’s desire to grow its business in the coming years. ComeOn Group Expands Its Betting Business ComeOn Group called the addition of a sportsbook […]
Business
November 12, 2024
Aristocrat Agrees to Sell Plarium to Modern Times Group
Globally recognizable gaming and entertainment company Aristocrat Leisure Limited announced its plans to divest a strategic asset. Plarium’s Divestment to Fuel Aristocrat’s Long-Term Growth Strategy Today, the company confirmed it has entered into a binding agreement for the sale of Plarium Global Limited, a leading mobile games developer by its subsidiary, Pixel United Holdings Limited, […]
Business
November 12, 2024
Endeavor Confirms Buyout of OpenBet and IMG Arena by OB Global Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced Monday it reached an agreement to sell OpenBet and IMG Arena to OB Global Holdings LLC. Details regarding the strategic business transaction emerged on Monday. The Management Buyout Is Backed by Key Execs The transaction has a price tag of $450 million. Endeavor confirmed that […]
Business
November 12, 2024
Oddschecker Discontinues Betting Professor Amid Substantial Losses
Oddschecker has pulled the plug on The Betting Professor, its paid tipping service, after it bombed and lost a lot of money. Oddschecker Faces Backlash Over Betting Professor’s Claims Oddschecker made this call just three months after rolling out the service in August 2024. It had hyped it up as a special perk for those […]
Business
November 11, 2024
PointsBet Quashes Takeover Rumors
A report published a few days ago suggested that an unidentified Asian company is interested in acquiring Australian betting powerhouse PointsBet. The latter company, however, has now come forward to deny the hearsay. The Report Alleged an Asian Company Is Interested in PointsBet The original report was posted on Friday by The Australian. In its […]
Business
November 11, 2024
Game Lounge Expands Global Reach with Meneer Casino Acquisition
Game Lounge, a leading global iGaming affiliate company, has struck a strategic deal to strengthen its European presence by acquiring Two Kings Consultants B.V., the parent company of the acclaimed Dutch iGaming affiliate site Meneer Casino. This strategic acquisition aligns with Game Lounge’s ambitions to expand into regulated markets. The Two Companies Have a Shared […]
Business
November 11, 2024
DraftKings Considers Political Betting in the Wake of the Election
The US presidential elections are now over, cementing Trump’s return to the White House. Sports betting giant DraftKings is already looking far ahead, eyeing political betting opportunities for the next election. A Very Different Framework In a conference call, the company’s chief executive officer, Jason Robins, acknowledged the intense political betting activity. He called non-sports […]
Business
November 11, 2024
DraftKings CEO Emphasizes Strong Growth Potential in Online Sports Betting
DraftKings CEO Jason Robins shared a positive outlook on the future of online sports betting pointing out big chances to grow and expand even with recent money changes. In a talk with Jim Cramer, who hosts CNBC’s Mad Money, Robins spoke about how the company did in Q3 2024 and gave his thoughts on the […]
Business
November 8, 2024
Evoke Shifts Focus to Europe with 2025 iCasino Shutdown in Michigan
Releasing its Q3 financial results recently, Evoke hinted at its plans to abandon the market in the United States and focus on European markets where it already enjoys exceptional growth. Part of that plan affects the company’s operations in Michigan via Sports Illustrated Casino and Sportsbook. The Company Offloads US B2C Assets Under Evoke’s plan, […]
Business
November 7, 2024
Catena Media Considers Additional Cost-Cutting amid Rough Q3 Financials
Catena Media is eyeing new cost-cutting measures after challenging third-quarter results in 2024. The Malta-based company, specializing in digital marketing for the online gambling sector, saw its quarterly revenues dip by one-third, from EUR 15.9 million ($17.2 million) to EUR 10.7 million ($11.58 million) year-on-year. These results mark a trend of revenue decline that CEO […]
