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Business News and Headlines
Business
March 15, 2024
Penn Entertainment’s CEO Celebrates the Success of ESPN BET
In mid-November, ESPN BET, the newest sportsbook at the time that is the result of a transformation of Barstool Sportsbook, officially launched in 17 US states. The launch came after an agreement between ESPN and Penn Entertainment that paved the way for the new exclusive sportsbook that promised exceptional betting experiences. The entry of ESPN […]
Business
March 15, 2024
Analyst Highlights FanDuel’s Impact on Flutter’s Growth
Currently, FanDuel holds a leadership role within the betting and gaming vertical across the United States. The Flutter Entertainment-owned brand continues to enjoy success and expands across the country while growing its customer base. A testament to FanDuel’s success isn’t only the growing player base but its outstanding financial performance which ultimately contributes toward the […]
Business
March 14, 2024
OPAP Posts Record-Breaking FY 2023 Results
OPAP, the leading gaming company in Greece, has published its financial results for 2023, reporting record-breaking revenue levels. According to the company, the strong figure was underpinned by the solid growth of both digital and land-based operations. Gross gaming revenue (GGR) for the period hit EUR 2.08 billion ($2.27 billion), an increase of 7.7% year-on-year. […]
Business
March 14, 2024
Century Casinos Reports Strong Q4 and 2023 Results
Century Casinos, the leading gaming and hospitality operator, released details regarding its fourth quarter and full year 2023 financial results, pointing to a strong increase in adjusted EBITDAR and operating revenues. The latest financial update emerged Thursday with the company highlighting key metrics of its performance for the year and three months ended December 31, […]
Business
March 14, 2024
Genius Sports Empowers Operators with New Free-to-Play Games
Genius Sports Limited, a leading sports data and technology provider, will launch a new suite of interactive free-to-play games to address the customer acquisition and loyalty challenges facing betting operators. Industry practice has shown that such F2P titles can be an effective onboarding tool while bolstering existing user engagement. This development bolsters Genius’ impressive momentum […]
Business
March 14, 2024
Tabcorp Confirms Immediate Resignation of MD and CEO Rytenskild
Earlier this week, Adam Rytenskild, the CEO and managing director (MD) of Tabcorp Holdings Limited (Tabcorp), the largest gambling company in Australia, participated in the Regulating the Game conference in Sydney. At the time, the executive spoke against ineffective regulations that are impacting the gambling industry in the country. In an unexpected turn of events, […]
Business
March 14, 2024
Entain Puts Ladbrokes and BetCity on the Chopping Block in Mulled Sale
Entain, one of the biggest gambling companies in the United Kingdom, is reportedly considering selling some of its brands. People familiar with the matter told the Financial Times that the UK-based gambling powerhouse has hired Wall Street boutique advisory Moelis to advise the board on what brands to divest. A potential divestment of assets could […]
Business
March 14, 2024
GAN Limited’s 2023 Financial Report Shows a Year of Mixed Performance
GAN Limited, a NASDAQ-listed gaming solutions provider, announced its financial results for the quarter and full year ending December 31, 2023. Despite a decline in revenue, the company witnessed a reduction in net loss, reflecting a mixed performance for the year. Revenue Dips 17% with B2B and B2C Segments Showing Declines For the fourth quarter […]
Business
March 13, 2024
Kindred Highlights Achievements in 2023 Annual and Sustainability Report
One of the world’s leading online gambling operators, Kindred Group, released its 2023 Annual and Sustainability report, highlighting a number of accomplished achievements and upcoming goals. Details regarding the report emerged Wednesday with the company confirming that it has enjoyed exceptional results through the fiscal 2023 year. Following strategic objectives Kindred demonstrated not only financial […]
Business
March 13, 2024
Checkd Group Announces New Digital PR Team
Sports betting media and technology service provider that creates sports betting content and technology solutions for global sportsbooks, Checkd Group, has announced it would boost its media division. The group will create a dedicated digital PR team aimed at improving the organic search performance of its main platforms in North America and the UK. Checkd, […]