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Business
January 16, 2025
Maryland Tax Rate Increase May Impact DraftKings, FanDuel
Amid plans for a tax hike in Maryland, two analysts explored the potential impact increasing the tax rate may have on the gambling sector. Proposal in Maryland Seeks to Raise Table Games and Betting Taxes Earlier this week, Gov. Wes Moore uncovered a new proposal calling for an increase in the tax rate on gambling […]
Business
January 15, 2025
Crayford Racing Track Confirms Upcoming Closure, Sets Date
In November, Entain confirmed its intention to put an end to the Crayford Greyhound Stadium greyhound track. Now, the track has confirmed the date of its last race as its closure draws near. Crayford Track to Close Before the End of the Month In an official statement, Crayford Racing confirmed that its final races will […]
Business
January 14, 2025
BetMGM & Entain Reaffirm 2024 Guidance amid Mixed Results
Entain plc and its subsidiary BetMGM have reaffirmed their 2024 EBITDA guidance ahead of their financial results report. This follows a recent Entain stock drop of nearly 10% due to market volatility. BetMGM and Entain Reveal Guidance for 2025 One of the world’s largest sports betting and gaming groups, Entain plc, as well as daughter […]
Business
January 14, 2025
Betsson Management: Svensson & Saliba In, Jabin & Glasfors Out
Nasdaq Stockholm Large Cap-listed engaged owner of fast-growing companies in the online gaming industry, Betsson AB, has announced a series of changes in its group management team. Namely, the group with a bold ambition “to grow faster than the market, organically and through acquisitions” has selected two new roles to form part of management. The […]
Business
January 14, 2025
Digitain Malta Promotes from Within, Names Aida Vardanyan CEO
Digitain, an industry-leading iGaming software provider, has announced that Aida Vardanyan will step in as CEO of its Malta unit. In this position, she will be tasked with leading the business and continuing its success story. Digitain Promotes Vardanyan as CEO of Its Malta Unit As CEO of Malta, Vardanyan will oversee the company’s local […]
Business
January 14, 2025
Black Cow Lands Critical Series A Funding from JJK Partners
Black Cow Technology, a market-leading game server technology provider including Remote Gaming Server (RGS) software, jackpot server, and multiplayer server (The Open Gaming Architecture) has closed an important Series A funding round with help from JJK Partners. Big Step Forward While the funding amount remains undisclosed, the investment represents a significant milestone for the company, […]
Business
January 14, 2025
Donald Trump Jr. Becomes Kalshi’s Strategic Adviser
Donald Trump Jr., the President-elect’s son, has taken on a role as a strategic adviser at Kalshi, a platform for prediction markets. This step highlights the increasing importance of political betting markets in the US following Kalshi’s legal victory that paved the way for betting on election outcomes. Kalshi Secures Trump Jr. Partnership Amid Legal […]
Business
January 13, 2025
Stake Expands European Footprint with VinderCasino Acquisition in Denmark
Global online gambling operator Stake announced it had acquired MocinoPlay’s VinderCasino. The brand is well-known in the Danish casino market, representing another significant milestone in Stake’s ongoing strategy to expand its presence across regulated markets in Europe and beyond. This acquisition follows similar deals in 2024 and will likely not be the company’s last such […]
Business
January 13, 2025
Play’n GO Enters Michigan, Pens Its First Tribal Operator Deal
Play’n GO, a leading provider of content to the global casino industry, has unveiled a new tie-up with an American tribal gaming operator. According to the announcement, the Swedish supplier will deliver its world-class content to Eagle Casino & Sports, a tribal online gaming company in Michigan. Play’n GO’s First Tribal Gaming Deal Play’n GO’s […]
Business
January 13, 2025
Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the Line
Star Entertainment Group, a big name in Australia’s casino and hotel business, stands on the brink of going broke. With just $79 million in the bank and growing problems, including fewer customers and over $100 million in fines from regulators, the company might run out of money in a month and a half. Brisbane’s $3.6B […]
