Business
May 8, 2023
GeoComply Acquires OneComply in a Major Deal
Geolocation specialist GeoComply has unveiled a new acquisition that will strengthen its business. According to the announcement, the company acquired OneComply, a supplier of comprehensive solutions that help gambling operators in regulated jurisdictions manage their obligations. Modern iGaming is a dynamic and ever-evolving landscape that may be very difficult for companies to navigate. Each region […]
Business
May 8, 2023
Entain Updates Board, Adds Two Committees
Gambling giant Entain has announced major changes to its board of directors. The company will form two new committees that will bolster the board’s effectiveness and sustainability. About the People & Governance Committee One of the two new committees is the People & Governance Committee which will be responsible for reviewing workforce policies and practices […]
Business
May 8, 2023
Tribune Publishing Accepts Bally’s Offer to Leave Freedom Center
Bally’s, a hospitality and gaming giant, has offered a pretty penny to Tribune Publishing to leave the premises as the company is intending to redevelop the area into an entertainment complex that will feature a casino, accommodation, business amenities, and more. The Publishing House Is Moving House The price tag of the upcoming project is […]
Business
May 5, 2023
Kambi Group Plc, Next in Line for a Potential Takeover?
The Swedish provider of technology for the gaming industry might be next in line for a takeover, according to the freshest Eilers & Krejcik Gaming (EKG) research included in their most recent EKG Line report. Kambi Group Not Idly Waiting for a Potential Suitor According to EKG, Kambi’s repayment of the $8.3 million Kindred Group […]
Business
May 5, 2023
Catena Media Designates Erik Edeen as Interim CFO
Catena Media, a company delivering traffic to iGaming brands and financial services, has announced a new appointment. The affiliate will be joined by the skilled Erik Edeen who will serve as its interim chief financial officer. Erik Edeen, who is set to step in as interim CFO, holds a Master of Business and Economics with […]
Business
May 5, 2023
DraftKings Enjoys 84% Increase in Revenue for Q1 2023
The leading sports betting operator that has a growing presence within the US regulated gambling market, DraftKings, released its latest trading update, outlining details regarding its performance for the first quarter of 2023. Judging by the recent unaudited figures, the company enjoys a stellar start to 2023 with revenue increasing exponentially on a year-over-year basis. […]
Business
May 5, 2023
Operators Show Interest in Acquiring Gambling Startup Betr
Over the last decade, the popularity of sports betting has grown exponentially. With the introduction of mobile betting options, more sports fans and gamblers engaged in placing wagers on their favorite teams. Not unexpectedly, the global sports betting market is only set to grow further and expand, which helped draw in new operators. Betr is […]
Business
May 5, 2023
Xpoint Brings Manu Gambhir as CEO
Manu Gambhir is now the new CEO of Xpoint and he will help with the firm’s growth and broadening its list of partners in the real money online gaming market. Xpoint’s co-founder, Marvin Sanderson, will now refocus his efforts on Xpoint’s business development instead. Xpoint Taps New Company Chief Executive The appointment of Gambhir to […]
Business
May 5, 2023
Blackstone-owned Cirsa Explores Potential IPO in Spain
Spanish gambling company Cirsa, owned by US asset manager Blackstone, is considering various options, including an initial public offering (IPO), according to anonymous insiders. Cirsa’s Potential Deal May Be Affected by Lottomatica’s Disappointing IPO However, Lottomatica’s recent lackluster IPO in Milan, which priced its shares at the bottom of the targeted valuation range and led […]
Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
