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Business
January 30, 2021
PointsBet Posts $32.3 Million H1 Loss, but Primed for Growth
PointsBet has posted a AUD$32.3 million H1 loss and AUD$27.4 million net profit. The company is primed for more growth. PointsBet Ends Fiscal Year With Net Loss And Revenue Increase Sports Betting Operator PointsBet has reported an AUD$32.3 million loss for the first half of 2020/2021 financial year as a result of its expansion efforts […]
Business
January 30, 2021
500.com to Boost Loto Interactive Stake via $13.5 Million Deal
500.com has entered a deal to acquire 169 million shares of Loto Interactive, a Hong-Kong-based lottery services provider, for $13.5 million. From 33.7% to 54.2% Stake Chinese top online lottery provider 500.com will acquire about 169 million shares of Loto Interactive, boosting its current 33.7% stake in the Hong-Kong-based lottery services company to about 54.2%. […]
Business
January 29, 2021
Bet365’s Denise Coates Still Top Tax Payer in the UK
Bet365’s founder, Denise Coates is the largest taxpayer in the UK, according to annual figures in a list by the Sunday Times. Ms. Coates paid more than £573 million in taxes last year, while the family’s worth was estimated to be more than £7.1 billion. Bet365 Founder Remains the Largest Taxpayer in the UK For […]
Business
January 29, 2021
Catena Media Names Michael Daly as New CEO
Catena Media announced that its board of directors appointed Michael Daly as the company’s new CEO. Previously in charge of the company’s U.S. operations, Mr. Daly will spearhead the company starting from March 1, 2021. Michael Daly to Lead Catena Media as New CEO The lead generation company based in Malta, Catena Media announced today […]
Business
January 29, 2021
FSB Names Keith Laidlaw Advisory Board Member
Keith Laidlaw, a gaming industry veteran and proven leader joined the sports betting technology company FSB. In his new position, Mr. Laidlaw would be advising the company on its global IT and technology strategy. Gaming Industry Veteran Keith Laidlaw Joins FSB The sports betting industry tech leader, FSB has announced that it hired the services […]
Business
January 29, 2021
Scientific Games Ramps up Hiring Push with Bombassei and Johnson
Scientific Games continues to pursue an aggressive expansion strategy, bringing top-notch industry veterans on board to help the company spearhead its strategy. As a result, SG has appointed Jim Bombassei as SVP of investor relations and added Simon Johnson who will now take care of the company’s operations in Europe, the Middle East and Africa. […]
Business
January 28, 2021
Playstudios in Negotiations for $1B SPAC-Type Merger Deal
Another SPAC-type merger in the gaming industry is in the making, an article in Bloomberg speculates, reporting that the developer of online social games Playstudios is currently negotiating with the special purpose acquisition company (SPAC) Acies Acquisition Corp. MGM Resorts Binds Acies and Playstudios According to people in the know who prefer to remain unidentified […]
Business
January 28, 2021
IGT Powers FanDuel’s Sportsbook App Recently Launched in Virginia
U.S. sports betting market leader, FanDuel strengthened its partnership with IGT. FanDuel’s sportsbook app which was recently launched for the Commonwealth in Virginia and Michigan is powered by IGT’s PlaySports platform. IGT’s PlaySports Platform Powers FanDuel’s Sportsbook App The global leader in gaming, International Game Technology (IGT) announced on Wednesday this week that its PlaySports […]
Business
January 28, 2021
Award-Winning 1X2 Network Sets Foot in Canada with Loto-Québec
1X2 Network, a slot and table game developer, has signed a deal with lottery operator Loto-Québec to launch its games in Canada for the first time. Loto- Québec First to Introduce Games by 1X2 Network to Canada The leading slot and table game developer 1X2 Network has been quickly gaining popularity in regulated markets. The […]
Business
January 28, 2021
How WallStreetBets Subreddit Drives GameStop Stock Rally
GameStop, an embattled and disintegrating games retailer, has been bolstered up by the efforts of a Reddit forum by the name of WallStreetBets, which sent the value of the company’s shares up by 2000% over the last month. WallStreetBets Resurrects a Dying GameStop After the flurry of excitement surrounding the WallStreetBets subreddit, the board […]