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Business News and Headlines
Business
November 9, 2023
HappyHour Invests in AI-Based Digital Wallet Solution Fluid
Leading investment firm with an interest in the iGaming vertical, HappyHour.io, has announced a new strategic investment in state-of-the-art, artificial intelligence-based cashier and digital wallet solution, Fluid. In May, the same gaming investor announced an important investment in Betty.ca, an Ontario-based online casino brand looking to strengthen its position in its home market while penetrating […]
Business
November 9, 2023
NeoGames Posts Q3 Report, Says Gaza Conflict Is Unlikely to Affect Its Business
NeoGames, a tech-driven provider of end-to-end online lottery and online casino solutions, has published its Q3 financial results. In the report, the company highlighted a total revenue of $63.3 million for the period ended September. This represents a noticeable decrease from the $73.3 million NeoGames recorded in Q3 2022. However, NeoGames added that if iGaming […]
Business
November 9, 2023
Flutter’s Q3 Growth Unhindered by Revenue Dip in Australia
The global gaming, sports betting and entertainment provider, Flutter Entertainment plc, released its latest trading update, covering the three months ended September 30, 2023. Released Thursday, the new unaudited results reveal that the company’s total revenue in Q3 this year hit £2.04 billion ($2.5 billion). A comparison to the £1.89 billion ($2.32 billion) result from […]
Business
November 9, 2023
DraftKings Contemplated 888 Holdings Takeover, Report Says
American sports betting giant DraftKings had considered a takeover of 888 Holdings amid the struggles experienced by the latter company. While the former company has not yet approached 888 with a takeover proposal, it mulled over the possibility and discussed the matter with 888 shareholders. According to a report by the Financial Times, DraftKings considered […]
Business
November 9, 2023
Stake Acquires Betfair Colombia, Prepares to Expand in LATAM
Online gambling and sports betting leader Stake will enter the Colombian market thanks to a new strategic acquisition deal. As announced, the company will acquire Betfair Colombia, securing its license. The move marks Stake’s foray into the country and is in line with its overall LATAM strategy. Betfair Colombia’s current license is valid until 2025, […]
Business
November 9, 2023
MGM Reports Strong Q3 Results despite September Cyberattack
The global gaming and entertainment company, MGM Resorts International, released its latest unaudited financial report, revealing details regarding its performance for the third quarter of 2023. The new report covers the three-month period ending September 30, 2023, revealing strong growth of consolidated net revenues. Overall, MGM Resorts posted consolidated net revenues of $4 billion. This […]
Business
November 8, 2023
GiG Sets Out to Acquire KaFe Rocks in a $37M Deal
Gaming Innovation Group (GiG) has set out to acquire affiliate specialist KaFe Rocks in a new EUR 35 million (approximately $37.4 million) acquisition deal. The deal will solidify GiG Media’s position as a lead generator in the iGaming market and will expand the company’s presence in the lucrative North American casino sector. Under the agreement, […]
Business
November 8, 2023
SEGA SAMMY CREATION to Acquire GAN Limited
SEGA SAMMY HOLDINGS INC. and its subsidiary SEGA SAMMY CREATION INC. (SSC) have announced they will enter a definitive and amicable agreement to acquire Nasdaq-listed GAN Limited. The Acquisition, to Close by Q3 Ending in March 2025 SEGA SAMMY’s investment strategy through the fiscal year ending March 31, 2026, includes investing up to ¥250 billion […]
Business
November 8, 2023
GiG Reports Robust Q3 2023 Revenues and Growth across Core Verticals
Oslo-based Gaming Innovation Group (GiG) announced impressive financial results for Q3 2023, showcasing its leadership position in the iGaming industry. The company’s Q3 revenues reached an all-time high as it heads to a record-breaking year-end. Several high-profile appointments bolstered GiG’s leadership team, helping to manage its growing international footprint. Metrics Are Up across the Board […]
Business
November 8, 2023
Entain’s Leadership Increases Its Stake in the Company
Gambling group Entain recently published its Q3 results, inspiring trust in the company’s position and the value of its shares. As a result, many members of the company’s board of directors have purchased Entain shares. The company’s chief executive officer Jette Nygaard-Andersen, for example, purchased more than doubled her shareholding from 31,000 shares to 65,400 […]