Fortuna Entertainment Group (FEG) has officially appointed Victor Corcoran as the new CEO. That includes Croatia, Slovakia, the Czech Republic, and Poland. Corcoran will be replacing David Vaněk, who served as interim CEO after Per Widerström decided to leave and chase new career opportunities. Corcoran Joins From Paddy Power Where He Worked as CEO Before […]
Daniel Loeb will no longer try to convince Walt Disney to spin off ESPN. The investor recently staked $1 billion in the company and believed that spinning off ESPN would help Disney reduce its debt. Loeb Changes His Mind When Loeb proposed the spin-off, he argued that separating ESPN from its parent company would help […]
Seattle Sounders FC, a Seattle-based soccer club, has inked a naming rights deal with the Emerald Queen Casino, a gambling venue operated by the Puyallup Tribe of Indians. The agreement will see the sports team call its field in the Lumen Field stadium the Emerald Queen Casino Pitch. The Sounders Team Up with the Puyallup […]
EBet, a global provider of advanced esports wagering products and technology, will be laying off over half of its workers. The company cited profitability goals as the reason for the drastic measures. EBet Announced Profitability Plan In May, EBet posted its results for the second quarter of the fiscal year. Although the company’s revenues rose […]
After announcing a 6% revenue increase to £1.56 billion ($1.96 billion) during the first quarter of 2022 compared to Q1 2021, Flutter Entertainment has reported a revenue of £3.38 billion ($4.12 billion) for the six months that ended on June 30. The figure that was published in the 2022 Interim Results for the first half […]
NeoGames, a Nasdaq-listed iGaming tech provider, posted its results for the second quarter of the year. The results demonstrate that the company’s business is going steadily. A Look into NeoGames’ Financial Results NeoGames shared that revenues for the period sit at $21.1 million. This is a significant 46.4% increase on last year’s results. In addition, […]
Catena Media, a publicly-listed company, will evaluate its European business. This review aims to pinpoint the company’s weaker casino and betting segments. The company plans to take a closer look into all of its gambling segments and decide which ones to scale down and by how much. Catena Will Review Its EU Businesses Catena Media […]
American Gaming Systems (AGS) has reported that recent investments in key teams have greatly contributed to the company’s rising revenues. The company closed the second quarter of 2022 with 14.6% higher revenues. A Positive Net Income for the First Time in 10 Quarters The gaming experiences provider earned $76.6 million for the period. This number […]
In June, Kindred Group announced it has obtained a gaming license for the Netherlands Towards the end of the same month, the group inked a deal with AFC Ajax via its Unibet brand. Now, the group is allegedly considering a few valid sale options. Giants 888 and Entain count among the names that could ink […]
UK-based gambling operator Broadway Gaming finalized the purchase of betting company 888 Holdings’ bingo division. The $45.25 million deal covers 888’s entire B2B and B2C bingo business and includes a twelve-month transitional period where 888 will provide transitional assistance for a pre-agreed fee. 888 Moves Away from Bingo to Focus on iGaming and Betting 888’s […]
