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Business News and Headlines
Business
March 27, 2024
Moody’s Changes Outlook, Downgrades Rating for Bally’s Corporation
In light of the upcoming redevelopment of Tropicana Las Vegas that would result in the creation of a baseball stadium that will be the home of the popular MLB team, Oakland Athletics, Bally’s announced recently that it held a couple of job fairs, seeking to help Tropicana workers find new employment. Acknowledging that it received […]
Business
March 26, 2024
Bragg Gaming Releases Strong 2023 Results, Updates Guidance
Bragg Gaming Group, a global provider of iGaming tech, has published its Q4 and FY 2023 results, reporting very favorable figures. The company subsequently updated its growth targets for 2024. In Q4 2023, revenue decreased by 1.4% to $25.2 million, reflecting the revised commercial terms with a key strategic partner. Betting handle, on the other […]
Business
March 26, 2024
888 Confirms FY 2023 Results, Expresses Optimism about 2024
Gambling group 888 has posted its FY 2023 results, highlighting its performance in the year ended December 31. The figures confirm some of the figures first announced in January. In 2023, 888 recorded revenue of £1.71 billion ($2.16 billion) – a figure that was affected by the company’s dotcom exits, safer gambling-related changes in the […]
Business
March 26, 2024
888 Unveils Potential Rebrand Following FY 2023 Results
London-listed gambling operator 888 has unveiled a comprehensive value creation plan (VCP) following its full-year 2023 results, which saw a significant 38% increase in reported revenue. The company has outlined priority targets for the upcoming year, revealing potential changes such as a rebranding to evoke plc, subject to shareholder approval at the 2024 AGM. Ongoing […]
Business
March 26, 2024
Flutter Entertainment Posts $11.8B Revenue, Weighed by Loss
Flutter Entertainment is shutting the book on a full financial year with the company seeing a 24.6% increase in its annual revenue, but also posting a $1.21bn net loss which has prevented the FTSE100 company from shining. Loss Prevents Flutter from Shining in FY2023 The negative performance market has widened since FY2022 when the company […]
Business
March 25, 2024
Swintt Expands Presence in Germany via Bet-At-Home Deal
Swintt, a leading provider of gambling software and games, has unveiled a new tie-up with Bet-At-Home, a German iGaming platform. Under the deal, the former company will inject its full SwinttPremium portfolio into the operator’s content offering. Bet-At-Home is one of Germany’s big sports betting operators, which is now slowly expanding its lineup of iGaming […]
Business
March 25, 2024
Catena Media Proposes New Board Appointments Ahead of AGM
The Nomination Committee of affiliate giant Catena Media proposed the reelection of several directors and the appointment of new ones. Under the committee’s plan, the company’s new board of directors will have six members instead of seven. As reported by Catena Media, the Nomination Committee proposed the re-election of Øystein Engebretsen, Theodore Bergquist, Adam Krejcik […]
Business
March 25, 2024
BetMakers Starts Search for New Chief Financial Officer
BetMakers Technology Group, the leading international provider of business-to-business betting data, technology, services and solutions, announced changes to its senior-level team. In a statement on Monday, the company said that its chief financial officer (CFO), Anthony Pullin, confirmed his intention to resign from his role with the company. The executive first joined BetMakers five years […]
Business
March 25, 2024
Entain Publishes 2023 UK Gender Pay Gap Report
Entain has published its latest Gender Pay Gap Report, highlighting the differences between the salaries of male and female customers. While the hourly gap remained rather low, the bonus pay gap remained significant. As per the Equality Act 2010, Entain published its gender gap results for 2023, highlighting a median hourly gender pay gap of […]
Business
March 22, 2024
IGT Refreshes Leadership with New Appointments
International Game Technology, a global leader in the provision of gaming content, has unveiled new additions to its board and executive team. First of all, Marco Drago decided to step down from his role as a non-executive director. He will remain with the company until the official end of his term and will depart after […]