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Business
December 31, 2024
Cordish Names Greg Hinton as VP of Finance for Live! Casino & Hotel Louisiana
Cordish Gaming Group, The Cordish Companies’ gaming arm, has designated Greg Hinton as the vice president of finance of its new property in Louisiana. In this position, the appointee will be responsible for managing the new property’s financial operations as the operator penetrates the Shreveport-Bossier market. Live! Casino & Hotel Louisiana Targets Q1 2025 Launch […]
Business
December 30, 2024
Allwyn Secures 51% Stake in Novibet Parent Company
Allwyn has secured a majority stake in Novibet’s parent company Logflex MT Holding Limited. The deal will expand the former company’s position as a leading lottery company and a rising iGaming star. Allwyn Continues to Grow Its Business As confirmed by Allwyn, the transaction will see it acquire a controlling 51% stake in Logflex. This […]
Business
December 30, 2024
Congressman Bid on Wynn Before Fertitta’s Stake Was Announced
Texas Rep. Dan Crenshaw had invested in gambling giant Wynn Resorts before Tilman Fertitta’s initial stake became public. As reported by casino.org, Crenshaw made his purchases several days after Fertitta’s stake and several days before the latter was made public. Crenshaw Bought Shares Shortly After Fertitta According to the report, Crenshaw spent between $1,001 and […]
Business
December 24, 2024
Churchill Downs Dumfries VA Casino Hotel Shows Signs of Strengths
The Rose Casino Hotel in Dumfries, Virginia, owned by Churchill Downs has been up and running for two months now, although it has not opened to the general public yet. Regardless, a recent report by Stifel analyst Jeffrey Stantial suggests that Churchill Downs is a “buy” rating with its stock price target set at $164 in […]
Business
December 23, 2024
XLMedia Outlines Further Redundancies Affect the Company’s CEO
A new update submitted by XLMedia, a digital performance marketing firm, outlines its restructuring of the Board of Directors which will also see the position of chief executive officer made redundant. Board Members and CEO to Go in the Summer of 2025 The changes outlined for the Board will come into effect in the second […]
Business
December 20, 2024
Playtech Investors Greenlight Disputed Executive Bonus Package
Late in November, we reported that Playtech investors are expected to vote on a €100 million ($109 million) executive remuneration proposal. The proposed bonus plan for key executives and new long-term incentive proposal followed the announcement about the sale of the company’s business-to-consumer (B2C) arm, Snaitech, to Flutter Entertainment in a £2.3 billion (approx. $3 […]
Business
December 20, 2024
FanDuel Reclaims Dominance in US iGaming for November
There are currently two betting and gaming companies in the United States that dominate the iGaming and sports betting vertical. That’s the case of DraftKings and FanDuel with each competing not only against other rivals but against each other. On the heels of a recently requested antitrust investigation into the duo, an expert analyst highlighted […]
Business
December 17, 2024
XLMedia Plans £16M Tender Offer in 2025 as Part of Business Wind-Down
XLMedia PLC, a digital media affiliate company listed on the Alternative Investment Market (AIM), plans to start a £16 million ($20.2 million) tender offer in early 2025. This move is part of its plan to close down operations and give value back to shareholders. XLMedia Evolves into Cash Shell Entity Post Asset Sales XLMedia made […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Business
December 17, 2024
Playtech Chief Security Officer Resigns After Seven Years
Daniel Liber has quit his job as Playtech‘s chief security officer (CSO) ending his seven-year stint with the FTSE 250-listed tech company. From CyberArk to Playtech: Daniel Liber’s Impactful Cybersecurity Career Liber started at Playtech in December 2017 as director of application security. He then moved up through different positions before taking on his latest […]
