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Business News and Headlines
Business
June 16, 2023
DraftKings One-Ups Fanatics in a Bid to Purchase PointsBet USA
Interest in PointsBet’s US division continues to mount as multiple parties expressed interest in acquiring the gaming entertainment company’s regional assets. DraftKings’ recent proposal is substantially higher than the competing offer by Fanatics, increasing its appeal to shareholders. A successful acquisition would bolster DraftKings’ position in the rapidly expanding US sports betting market. The New […]
Business
June 16, 2023
Eminence Capital Calls Entain’s STS Acquisition “Destructive” in Open Letter
Eminence Capital, the investment firm located in New York that currently owns around 13.2 million shares in the popular FTSE 100 sports betting and gaming group Entain, has published an open letter addressing the latter’s board of directors in regard to their proposal to acquire STS Holdings. The Harshly Critical Letter, Accusing Entain of Lack […]
Business
June 16, 2023
Videoslots Taps Kim Lindsjö as Head of Affiliates
Lindsjö has been involved with the affiliate operations of the company for a very long time and will now help steer the overall affiliate strategy for Videoslots.com. The company was recently buffeted by a financial settlement with the UK Gambling Commission as well, making Lindsjö’s role all the more responsible at a time of increased […]
Business
June 15, 2023
Leticia Palacios Joins Kiron as Director of Sales for LatAm
The globally-recognized supplier of virtual sports and numbers games, Kiron Interactive, confirmed a new senior-level appointment. The company revealed that it hired the services of the gambling veteran with extensive knowledge and experience within the Latin American region, Leticia Palacios. Joining Kiron, she was appointed as the company’s new director of sales for Latin America. […]
Business
June 15, 2023
Superbet Group Continues Its Sweeping Leadership Team Changes
Superbet unveiled several new high-level changes to its management core, onboarding Stephen Parry as COO, Andrei Dușu as CBDO, and Glyn Hughes as CFO. These appointments coincide with the promotion of Adam Lamentowicz to VP of Superbet International, extending the operator’s ongoing restructuring efforts. The new talent will be instrumental in Superbet’s continued growth, helping […]
Business
June 15, 2023
Betsson to Enter Belgium via €120M betFIRST Acquisition
The holding company that invests and manages fast-growing companies within the iGaming vertical, Betsson AB, unveiled plans regarding a new acquisition, allowing it to enter the regulated gambling market in Belgium. On Thursday, the company confirmed its plans to acquire betFIRST, a leading sports betting and gaming operator in the country. Details released by Betsson […]
Business
June 15, 2023
10bet Picks Sumsub’s 1click Solution for Higher Pass Rates in Brazil
The full-cycle verification platform that offers customizable Know Your Customer, Know Your Business, fraud prevention, and transaction monitoring solutions has chosen to integrate its complex solutions into 10bet’s systems. In return, over one million of the 2003-founded online gaming company’s worldwide customers will benefit from highly comprehensive solutions featuring age verification, user onboarding, and check-ups […]
Business
June 14, 2023
Michigan Posts the May Results of Its Detroit Casinos
The Michigan Gaming Control Board posted an update on the performance of the three Detroit casinos in May. The overall revenue experienced a slight decline. The regulator noted that the three casinos earned a total of $105.6 million in monthly aggregate revenue. The MGM casino performed the best out of the three, posting a market […]
Business
June 14, 2023
Groupe Partouche Reports Impressive Q2 Results
Groupe Partouche, a leading European operator, has published its financial results for the second quarter of the fiscal year (February 2023 – April 2023). In addition, the company highlighted its consolidated turnover for the first half of the year (November 2022 – April 2023). The group noted that during the second half of the previous […]
Business
June 14, 2023
RubyPlay Celebrates South African Debut with LottoStar Deal
The innovative business-to-business development studio, delivering content for the online gambling vertical, RubyPlay, announced a new deal, allowing it to expand significantly the reach of its engaging games. The studio confirmed Wednesday it joined forces with LottoStar, a leading brand within the South African gambling market. Under the terms of the new deal, lauded as […]