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Business
August 5, 2024
DraftKings Surcharge Scheme Could Become Buying Opportunity
Earlier in the month, we reported DraftKings’ plan for a new surcharge on customers’ net winnings implemented at the start of 2025, as mentioned in a letter to shareholders. The announced surcharge, which is expected to affect DraftKings’s winning clients in Illinois, New York, Pennsylvania, and Vermont, caused the operator’s shares (NASDAQ: DKNG) to slump […]
Business
August 2, 2024
DraftKings Reports Significant Q2 Growth, Announces Share Buyback Program
Sports betting and digital entertainment company DraftKings Inc. published impressive second-quarter results for 2024, bolstered by rising customer numbers and effective engagement strategies. The Board of Directors authorized the company to repurchase up to $1.0 billion of its Class A common stock, demonstrating robust confidence in its future growth prospects. The Operator Did Not Stand […]
Business
August 2, 2024
Betsson to Acquire Sporting Solutions, In Line with M&A Strategy
Betsson is set to acquire Sporting Solutions, a UK-facing B2B firm that provides operators with cutting-edge sports betting technology. The acquisition, Betsson highlighted, will not disrupt the provision of products to the supplier’s existing partners. The Deal Will Reinforce Betsson’s Business Sporting Solutions was founded in 2007 and has a strong presence in the United […]
Business
August 2, 2024
Caesars Entertainment Confirms $500M Sale of WSOP Brand to NSUS
The largest casino-entertainment company in the US and globally recognizable company, Caesars Entertainment, announced it signed a definitive agreement to sell its intellectual property rights to the World Series of Poker (WSOP) to the leading investment group within the iGaming vertical known for delivering GGPoker, the innovative online poker room, NSUS Group Inc. Details regarding […]
Business
August 1, 2024
Flood of Curaçao Gaming License Applications Triggers Delays
After the Curaçao Gaming Control Board (GCB) announced the reopening of its online portal for business-to-consumer and business-to-business license applications on July 15, operators’ interest in penetrating the popular gambling market has gone through the roof. According to information from the GCB’s managing director, Cedric Pietersz, the regulator is currently looking for ways to improve […]
Business
August 1, 2024
Phil Hellmuth Divests RSI Shares Amid Affiliate Program Controversy
Phil Hellmuth, a celebrated figure in the poker world, recently announced that he has sold his entire stake in Rush Street Interactive (RSI). This decision comes on the heels of the company’s controversial move to discontinue its affiliate program across multiple states, a move that has stirred discontent within the gaming community. Phil Hellmuth Sells […]
Business
August 1, 2024
Playson Secures B2B License from Peru’s MINCETUR
Playson, one of the leading suppliers of digital entertainment, has expanded its geographical footprint, securing approval to launch its games in Peru. The foray into yet another Latin American country aligns with the company’s ambition to reach even more players with its cutting-edge games. Playson Worked Tirelessly to Fulfill MINCETUR’s Requirements Playson said that it […]
Business
August 1, 2024
RSI Posts Strong Q2 Results Thanks to Operational Efficiencies
Leading iGaming and sports betting operator Rush Street Interactive (RSI) has published its financial results for the second quarter of 2024 (Q2). In its report, the company highlighted a strong position as revenue skyrocketed and net loss decreased. RSI Posted Favorable Metrics RSI’s Q2 2024 report outlined record-breaking revenue of $220.4 million, up 34% from […]
Business
August 1, 2024
Bally’s Execs Tight-Lipped on Merger During Recent Earnings Call
Bally’s Corporation, the leading gaming and entertainment company with a strong presence in the United States, announced recently it has entered into a definitive merger agreement with its largest common stockholder, Standard General L.P. Despite the initial announcement, Bally’s executive didn’t discuss the topic during a recent earnings call on Wednesday. Per the strategic deal, […]
Business
August 1, 2024
Southwell Racecourse to Reopen After Extensive Refurbishment
Southwell Racecourse, a thoroughbred horse racing venue in Nottinghamshire, England, will finally return to full working capacity. According to the venue’s official announcement, its refurbishment has been completed, allowing it to completely reopen. The Damage Took Almost a Year to Fully Fix Southwell Racecourse, for context, suffered extensive flooding damage in October 2023 when Storm […]
