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Business News and Headlines
Business
November 21, 2023
ESPN Bet Launch Propels Penn Entertainment’s Stock
Last week marked the debut of ESPN Bet, the newly rebranded sports gaming app owned by Penn Entertainment. The new sports gambling app launched for 17 US states, entering important markets such as New Jersey, Pennsylvania, Colorado, Iowa, Maryland and Michigan, among others. The latest launch comes after a $1.5 billion deal announced between Penn […]
Business
November 20, 2023
Gambling Revenue in New Jersey Soars, up by 9.3% For October
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report, uncovering details regarding the performance of licensed operators for October. Released Friday, the new report revealed that October marked a strong month for the gambling sector in the state with total gaming revenues hitting $487.1 million. A year-over-year comparison […]
Business
November 17, 2023
G4 Re-Certifies Two of IGT’s Divisions
International Game Technology, a global leader in the provision of gaming tech and solutions, announced that it has once again achieved responsible gaming certification for two of its divisions. According to the company, its Global Gaming and PlayDigital operations continue to boast accreditation from the Global Gambling Guidance Group (G4). G4 is a group that […]
Business
November 17, 2023
Moody’s Improves Melco’s Rating amid Strong Recovery in Macau
The Investors Service of the credit rating agency Moody’s has upgraded the credit rating of Melco Resorts & Entertainment, a major Asian casino company. Previously negative, the company’s rating has now been updated to Ba3, signifying its improving stability. The update comes in the wake of the publishing of the quarterly results of Melco’s City […]
Business
November 16, 2023
Better Collective Reports 26% Revenue Growth in Q3
The leading digital sports media group that owns national and international sports media, Better Collective, has published its interim report for Q3. The company reported “continued strong performance across the group”, as explained by the chief executive officer and co-founder, Jesper Søgaard. Transition Into Recurring Revenue, “Faster Than Expected” The group’s CEO also took the […]
Business
November 16, 2023
888 Highlights Responsible Gaming Efforts Amid Safer Gambling Week
888, the company that acquired William Hill earlier this year, provided insights into its efforts to promote responsible gambling across its retail business during the ongoing Safer Gambling Week. According to the company, the initiative is a great opportunity to reflect on its progress. Mark McCaffrey, the company’s head of compliance policy, retail & sportsbook, […]
Business
November 16, 2023
Maymann Prepares to Take the Lead at Superbet Group
Romania’s sports betting leader, Superbet Group, has reinforced its leadership with the appointment of a new chief executive officer. The one up to the task is Jimmy Maymann who is set to step into the office on January 15, 2024. Maymann originally joined the company in May, first stepping into the position of deputy chair […]
Business
November 16, 2023
Kambi Group Appoints Anders Ström as New Chair of the Board
It’s been a busy fall for Kambi Group, the premium business-to-business sportsbook supplier created to improve the sports betting experience for global players by partnering with visionary operators and “offering the ultimate in sports betting technology.” At the end of September, the group announced a partnership extension with ATG, a horse racing and sports betting […]
Business
November 15, 2023
Rivalry Secures $10M Investment from a Shareholder
Rivalry, a leading iGaming and online sports betting company, has secured a CAD 14 million (roughly $10.23 million) investment for an undisclosed existing institutional shareholder. The agreement represents a non–brokered private placement offering of convertible debentures under which each convertible debenture will consist of CAD 1,000 principal amount of 10% senior secured convertible debentures of […]
Business
November 15, 2023
Aristocrat Publishes FY 2023 Results
Aristocrat has published its full-year results for 2023, posting a robust revenue and EBITDA gain. Between September 2022 and September 2023, the company recorded operating revenue of AUD 6.3 billion. Now licensed in 103 countries and 327 jurisdictions, the company also reported EBITDA of AUD 2.1 billion. Based on normalized results, operating revenue recorded year-on-year […]