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Business News and Headlines
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 […]
Business
April 8, 2024
Genting Promises $1B in Taxes if Granted a Downstate NY License
As the battle for the three downstate casino licenses in New York continues, Resorts World New York’s owner, Genting Malaysia, has made a huge promise. According to the casino company, its property in the Empire State could create as much as $1 billion in annual taxes, if allowed to launch Vegas-style casino gaming. Resorts World […]
Business
April 8, 2024
B Riley Resumes Coverage for AGS, Confirms Buy Rating
Currently, PlayAGS (AGS) is known as a leading gaming supplier across the globe. The company offers high-performing Class II and Class III slot games, as well as game cabinets and table products. AGS is also renowned for its leading technology, the quality of its games and the engaging experiences they offer. Last week, the leading […]
Business
April 8, 2024
B Riley Securities Confirms Neutral Rating for Everi
Recently, Everi announced a groundbreaking transformative merger with International Game Technology (IGT). The strategic business combination, valued at approximately $6.2 billion, is expected to see Everi merge with IGT’s Global Gaming and PlayDigital businesses, creating a new dynamic global gaming and fintech company that is expected to revolutionize the sector. Keeping in might the upcoming […]
Business
April 5, 2024
Catena Media Names Gerrow CFO; Edeen Takes Advisory Function
Catena Media, a performance-based online marketing company serving the iGaming and sports betting sectors, has unveiled another addition to its C-suite. The company, which recently made other major leadership changes, announced that the experienced Michael Gerrow will now serve as group chief financial officer. In his new position, Gerrow will leverage over 15 years of […]
Business
April 5, 2024
KSA Teams up with Cloudflare to Combat Illegal Gambling
The Dutch gambling regulator, Kansspelautoriteit (KSA), announced it signed a new agreement with the global provider of cloud services, Cloudflare. The new collaboration was confirmed Thursday by the gambling watchdog. Joining forces with Cloudflare, KSA said that it will continue the battle against illegal online gambling websites offering their services to Dutch customers. Per the […]
Business
April 5, 2024
PrizePicks to Open New HQ in Atlanta & Create 1,000 Jobs
PrizePicks, one of North America’s daily fantasy sports leaders, has announced its plans to expand its presence in Atlanta and create hundreds of new jobs. According to the company, the economic impact of the new venture is expected to reach $25 million over the next seven years. The DFS specialist added that its new 33,000-square-foot […]
Business
April 5, 2024
Moody’s Confirms Stable Outlook for LVS, Highlights Potential Credit Risks
The leading global provider of credit ratings, research and risk analysis, Moody’s Investor Service, released a new update, highlighting important details regarding the credit profile of the global gaming and entertainment giant, Las Vegas Sands (LVS). Earlier this week, the company published a credit analysis, highlighting that currently, LVS has a Stable Outlook. Moreover, Moody’s […]
Business
April 4, 2024
Flutter Entertainment Plans Primary Listing Shift from London to New York
Flutter Entertainment Plc, the parent company of FanDuel, has announced plans to shift its primary listing from London to New York, hoping to capitalize on the fast-growing US market and attract new retail investors. The Dublin-based gambling giant has scheduled a shareholder vote on 1 May to seek approval for the move. The Move Should […]
Business
April 4, 2024
BVGroup Facilitates the Foray of Kaizen’s Betano into the UK
Kaizen Gaming, one of the fastest-growing gametech companies in Europe, has formed a partnership with BVGroup, an online gambling operator and B2B technology solutions provider. Thanks to the tie-up, the former company will get to launch its flagship Betano brand in the United Kingdom. The move will allow Kaizen Gaming to further expand its geographical […]