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Business
June 28, 2024
Entain UK Names Industry Heavyweight Charlotte Emery as CMO
Entain has appointed industry heavyweight Charlotte Emery as the new chief marketing officer of its UK business. In this position, she will be responsible for the brand’s marketing amid a transformational period. As mentioned, Emery is no stranger to the gambling industry, having already spent some four years at the British gambling giant William Hill. […]
Business
June 28, 2024
Nevada Gambling Operators Post Revenue Record in May
May marked an incredibly busy month for gambling operators across Nevada and Las Vegas in particular. Newly released data from the state gambling regulator, the Nevada Gaming Control Board (NGCB), reveals that nonrestricted gaming licensees reported a gaming win of $1.32 billion last month. The result marked a new May record for the state and […]
Business
June 27, 2024
FansUnite Asks Shareholders to Approve $37.5M Sale of Betting Hero to GeoComply
FansUnite Entertainment announced the sale of its Betting Hero business to GeoComply Solutions and Hero Group Corp. As per the deal, FansUnite will sell all outstanding shares for $37.5 million, $30.6 million of which will be paid in cash at the closing. FansUnite added that it expects approximately $20 million in net proceeds from the […]
Business
June 27, 2024
‘Soft2Bet Invest’ Innovation Fund Supports Industry Pioneers
Soft2Bet, a leading iGaming turnkey solutions provider, is excited to announce the launch of ‘Soft2Bet Invest’, an innovation fund nurturing the next wave of pioneering solutions in the iGaming and casual gaming sectors. This fund will provide financial and business support to entrepreneurs who share Soft2Bet’s passion for innovation and growth. The Company Is Confident […]
Business
June 27, 2024
New York Casino Bidder Vows $250M Community Investment
With three new downstate casino licenses up for grabs in New York, competition is fierce. So far, several recognizable gambling and entertainment operators have shown interest in developing a casino. Companies interested in submitting a license bid can do so by July 31, 2024, while the three new licenses are expected to receive approval by […]
Business
June 27, 2024
Station Casinos to Enhance Durango with New Garage and Gaming Area
Station Casinos is already planning to expand its Durango Casino & Resort Property just a few months after its opening. Located in the southwestern part of the Las Vegas Valley, the property is now set to receive a bigger parking lot and a new gaming area. Station Casinos’ plan is to significantly expand the property’s […]
Business
June 27, 2024
Aristocrat Interactive Launches New RMG Era with Integrated Business Segment
Aristocrat Interactive has achieved an important development in digital gaming by unveiling its latest business segment – a move that it claims will transform the online real-money gaming (RMG) industry. The company made its announcement during a recent investor presentation in Las Vegas, establishing Aristocrat Interactive as its global brand name for Anaxi and NeoGames. […]
Business
June 26, 2024
Juroszek Family Purchases SkyCity’s Stake in GiG
The Juroszek family, a group of influential Polish investors, has increased its shareholding in Gaming Innovation Group (GiG), a leading iGaming provider and affiliate. As of Monday, June 24, the family held 25.06% of the business. The larger part of this increased shareholding was purchased from SkyCity Holdings, which sold its 10% to the Polish […]
Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
June 24, 2024
Better Collective Delivers Enhanced Value with New Buy-Back Program
Better Collective A/S has announced a share buy-back program valued at up to EUR 20 million ($21.48 million). The program, set to run from 24 June 2024 to 5 September 2024, aims to cover future obligations related to acquisitions and long-term incentive (LTI) programs. With the company enjoying robust financial performance, this initiative will be […]
