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Business News and Headlines
Business
October 13, 2023
Hofbauer Departs Svenska Spel, Set to Join Telia as CEO in 2024
Swedish state-owned gambling company Svenska Spel announced that it will be parting ways with Patrik Hofbauer, who is set to explore new opportunities. Hofbauer, currently serving as the operator’s president and chief executive, believes that the gambling company is in a good position to continue without him. The outgoing CEO joined Svenska Spel back in […]
Business
October 13, 2023
Scientific Games Welcomes Angela Goodwin as VP of Operations
In a move to further strengthen its global presence, Scientific Games has announced Angela Goodwin as the new vice president of operations for their renowned instant game management program. Goodwin Takes the Helm at Scientific Games’ Enhanced Partnership Program With 16 years of expertise in lottery instant product manufacturing and management, Goodwin is set to […]
Business
October 12, 2023
Betfred and SIS Ink Deal for Greyhound Racing Coverage
The leading provider of content and supplier of live betting services, powering betting and gaming operators across the globe, Sports Information Services (SIS), announced a new multi-year partnership with the leading operator, Betfred. Announced Thursday, the new deal ensures that the operator will continue to have access to round-the-clock greyhound racing content covering competitions across […]
Business
October 11, 2023
Caesars Entertainment Shares Dip, but Maintains Its Potential
Caesars Entertainment, a leading player in the gaming industry, has seen a 14.37% decline in its shares over the past month, primarily due to recent cybersecurity challenges and concerns about economic headwinds. However, following meetings with Caesars executives at the Global Gaming Expo (G2E) in Las Vegas, Stifel analyst Steven Wieczynski published a report reiterating […]
Business
October 11, 2023
ReelPlay and Light & Wonder Extend Existing Deal With Four Years
The leading provider of content and developer of gambling products, Light & Wonder, confirmed it extended its existing partnership with the iGaming supplier, ReelPlay. Announced Wednesday, the new collaboration expands the agreement between the duo for four more years. As a result, Light & Wonder will continue to grow the reach of games provided by […]
Business
October 11, 2023
The BetMGM Tie-Up between Entain and MGM Resorts May Not Last Forever
BetMGM is one of the world’s biggest and most influential gambling brands. A joint venture between MGM Resorts International and Entain, the operator continues to expand its global presence in key regulated markets. However, the current 50/50 ownership arrangement between its two parent companies may not be everlasting. During a recent speech at the Global […]
Business
October 10, 2023
BETBY Celebrates 5th Year of Existence With Charity Fundraiser in Riga & Staff Events
Last month, the 2018-launched innovative sportsbook supplier that offers state-of-the-art solutions, BETBY, reiterated its plans to expand globally via a newly opened office in Barcelona. Now, we learn that BETBY has celebrated its fifth anniversary “by giving back” to its staff members as well as the wider community-based in Riga, Latvia, where the operator is […]
Business
October 10, 2023
Rivalry Enhances Casino.exe Offering with Slots Category
Online sports and esports betting leader Rivalry has diversified its product offering, adding a custom-branded slots category to its Casino.exe platform. The move seeks to capitalize on the popularity of slot games and allow the operator to engage more players. According to the announcement, Rivalry’s plan is to add more than two dozen best-in-class slot […]
Business
October 10, 2023
Gaming Industry Contributes $329bn to US Economy, Says AGA
Currently, 45 US states along with the District of Columbia have established some form of gambling activity, which can include casino gambling, iGaming and sports betting. A new study released by the US gambling industry association, the American Gaming Association (AGA), reveals what is the annual economic impact of legalized gambling across the country. The […]
Business
October 9, 2023
PayNearMe Partners with Accertify to Enhance Gaming and Sports Betting Payments
The dynamic and rapidly evolving world of online gaming and sports betting necessitates continued investment in security and fraud prevention. Recognizing this, PayNearMe, a leading payments platform in the gaming industry, has joined forces with Accertify to integrate advanced fraud protection technology into its platform. This partnership aims to elevate security standards and give operators […]