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Business News and Headlines
Business
April 10, 2024
BlueBet Shares Surge as Merger with Betr Approaches
BlueBet’s shares experienced a sharp increase ahead of the betting company’s merger with Betr. According to a report by the Australian Financial Review, a local news outlet, the deal should be closed soon. Following the report, BlueBet’s share price spiked to AUD 0.33, vastly increasing the firm’s market cap. The shares proceeded to fall back […]
Business
April 9, 2024
Churchill Downs Finalizes Sale of United Tote Stake to NYRA
A few years ago, Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, announced its intention to divest its stake in United Tote, a provider of totalizator equipment and services for parimutuel wagering at racetracks. CDI initially acquired the stake in United Tote back in 2010 as a part of an acquisition of Youbet.com. […]
Business
April 9, 2024
Super Group Appoints Ex-Kindred Exec as CMO
In March, the NYSE-listed global gaming company offering first-class entertainment to the betting and gaming industry, Super Group, reported the best fourth-quarter results in history for 2023. Now, the holding company has announced that Kindred Group’s former executive, Elen Barber, has been appointed as its new chief marketing officer. “Truly Excited to Join the Executive […]
Business
April 9, 2024
CMA: Spreadex and Sporting Index’s Merger May Have Created a Monopoly
The United Kingdom’s Competitions and Markets Authority (CMA) believes that the recent merger between Spreadex and the Sporting Index’s B2C business might have resulted in a substantial lessening of competition. The decision was published on April 4, providing the two parties with five working days to address the matter or have the transaction referred for […]
Business
April 9, 2024
Flutter Names Cheryl Bosi as Chief People Officer for UK & Ireland
Global sports betting, gaming and entertainment provider Flutter Entertainment has made a new appointment to its C-suite, naming the experienced Cheryl Bosi as its new chief people officer for the United Kingdom and Ireland. In her new position, Bosi will leverage years of corporate and HR experience to support the company’s team. Her impressive track […]
Business
April 9, 2024
888 Shifts Its Strategic Focus to Canada
As 888 Holdings embarks on a strategic reset, Canada emerges as a focal point for the company’s expansion plans. The operator previously noted it would be assessing options to exit or sell its direct-to-consumer operations based in the US, as its current structure could not optimize returns. However, Canada represents an exciting opportunity as 888 […]
Business
April 9, 2024
Entain’s Stock Soars as Private Equity Firms Eye Potential Breakup
Entain, the parent company of renowned betting firms Ladbrokes and Coral, witnessed a surge in its stock prices following reports of potential interest from private equity giants like Apollo and CVC Capital. The speculations about a prospective breakup of Entain have been rife, fueled by recent announcements regarding a formal review of the company’s structure […]
Business
April 8, 2024
Rivalry Is Interested in B2B Licenses and More Crypto Options
In February, the globally licensed sportsbook and industry underdog built through the love of gaming and internet culture, Rivalry, announced plans for a strategic expansion as a result of the success recorded by its in-house online casino. Now, the company that wishes to “establish the future of betting entertainment for the next generation of consumers […]
Business
April 8, 2024
BGC Names Grainne Hurst as New Chief Executive Officer
The standards body, representing the regulated UK gaming and betting industry, the Betting and Gaming Council (BGC), recently announced changes to its senior-level team. The Council initiated a search for a new visionary CEO after Brigid Simmonds, BGC’s chair, confirmed her intention to step down in April. In light of Simmonds’ announcement, Michael Dugher, the […]
Business
April 8, 2024
GiG Unveils Proposed Board Changes as Strategic Split Progresses
Gaming Innovation Group announced that the strategic split of its Media and Platform businesses is progressing well. As part of the process, the company’s nomination committee reviewed and evaluated two separate board compositions, which would optimize the two businesses. For reference, GiG Media will continue to operate under the current corporate structure. GiG Platform, on […]