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Business News and Headlines
Business
November 6, 2023
GiG Agrees to Integrate Jooba Tech’s Jackpot Management System
The leading iGaming technology company, offering services, solutions and products for the online gambling industry, Gaming Innovation Group (GiG), has announced a new partnership with Jooba Tech, an industry-leading provider of solutions for the iGaming vertical. Under the terms of the freshly minted agreement, GiG agreed to integrate Jooba’s revolutionary Jackpot Management System into its […]
Business
November 6, 2023
Konami Posts H1 FY2024 Results, Reports Increase in Gaming & Systems Segment
Entertainment powerhouse Konami Group has posted its results for the first half of the fiscal year. The company reported its results for the six-month period ended September 30, marking a sharp increase in its Amusement and Gaming & Systems segments. The company’s overall revenue increased by 3.7% year-on-year to JPT 153.9 billion (roughly $1.02 billion). […]
Business
November 6, 2023
Evolution Navigates Challenges in US Market, Explores M&A Opportunities
In the midst of intensifying competition in the US live dealer market, Evolution Group is contemplating its position, considering potential mergers and acquisitions, according to a recent report by Eilers & Krejcik Gaming (EKG). Evolution Navigates RNG Hurdles and Explores IGT Acquisition While Evolution has been thriving in the North American live casino segment, it […]
Business
November 3, 2023
DraftKings’ Q3 Results and Improved Guidance Highlight the Success of Its Strategy
DraftKings has published its Q3 2023 results, updating its guidance thanks to its strong performance. The American betting company posted revenue of $790 million for the period – a figure that represents a staggering 57% year-on-year increase from the $502 million recorded in 2022. In the wake of this strong figure, DraftKings raised its FY […]
Business
November 3, 2023
BetMGM Launches Borgata Bingo Online App in NJ
Gambling juggernaut BetMGM has announced the launch of Borgata Bingo online in New Jersey. The new online bingo platform provides local consumers with access to the first 75-ball real money online bingo product in America. The new product is built for BetMGM by Entain and leverages the former company’s experience in the global gaming sector […]
Business
November 3, 2023
Legal Betting Market in Kentucky Grows Steadily since Launch
Early in September, Kentucky introduced retail and mobile sports betting. Nearly two dozen mobile and land-based sports betting operators licensed in the state started offering their services to bettors and sports fans alike. The move of lawmakers to legalize sports betting comes as no surprise, considering the growing popularity of the activity across the United […]
Business
November 2, 2023
ESPN BET Is Set to Officially Launch on November 14
ESPN BET, one of the most highly-anticipated online sports betting platforms in the United States, finally has an official launch date. As announced by ESPN, the new online sportsbook is set to debut on November 14. ESPN BET is set to launch in a total of 17 states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, […]
Business
November 2, 2023
Jelly Entertainment Completes Wundermachine Acquisition
Jelly Entertainment, the fast-growing UK-based iGaming developer, has announced the completion of the acquisition of Wundermachine, a leading provider of technology and social gaming content. The acquisition represents an important part of Jelly’s plan for growth and expansion on a global scale. By acquiring Wundermachine, the company anticipates strengthening some of its strategic operations, including […]
Business
November 2, 2023
GiG Moves for Andrew Cochrane as Platform & Sportsbook CBO
The 2012-founded leading iGaming technology company that supplies products, services, and solutions to iGaming operators, Gaming Innovation Group (GiG), has announced the appointment of ex-DraftKings and SBTech executive Andrew Cochrane as its new chief business officer for Platform & Sportsbook. The move, which will see the new CBO work together with Platform & Sportsbook’ recently […]
Business
November 2, 2023
RSI Publishes Q3 Report, Highlights a Quarter of Increasing Profitability
Rush Street Interactive (RSI), a leading US iGaming and sports betting company, has published its Q3 report, covering the period ended September 30. The company recorded higher metrics and lower losses and is optimistic about its future in the iGaming sector. RSI posted revenue of $169.9 million, which represents a year-on-year increase of 15%. Q3 […]