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Business
December 13, 2023
Entain’s CEO Jette Nygaard-Andersen Departs with Immediate Effect
Jette Nygaard-Andersen, the chief executive officer of the global gambling giant Entain, has announced her departure from the group. Nygaard-Andersen believes that the recent resolution of the HMRC investigation is a clean inflection point and will therefore leave with immediate effect. Jette Nygaard-Andersen commented on her departure from the team, describing the past three years […]
Business
December 11, 2023
DAZN Seeks to Raise $1B in Funding, Reports Say
Sports streaming service DAZN is seeking ways to raise fresh funding, reports say. According to Bloomberg, the sports streaming giant wants to raise as much as $1 billion through various initiatives. The reports claim that DAZN Bet has been discussing the matter with potential advisers and eyeing a range of capital-raising strategies. Bloomberg also implied […]
Business
December 11, 2023
IG Group Welcomes Fintech Heavyweight Breon Corcoran as CEO
IG Group Holdings, a UK-based online trading provider, has announced the appointment of Breon Corcoran to its leadership team. According to the company’s official announcement, the new appointee will assume the role of the group’s new chief executive officer from January 29, 2024. In addition to taking the lead at IG Group, Corcoran will also […]
Poker
December 11, 2023
BetMGM to Merge New Jersey and Michigan Platforms
BetMGM recently hinted at an imminent move to introduce shared liquidity between its online poker platforms in New Jersey and Michigan. This initiative could position the company as the third multi-state online poker platform in the United States, alongside PokerStars and WSOP.com. These other operators have demonstrated the value of such consolidation, likely motivating BetMGM’s […]
Business
December 11, 2023
GiG Names iGaming and Finance Powerhouse Matthew Saxon as CTO
Gaming Innovation Group, (GiG) has reinforced its technology team with the appointment of the experienced Matthew Saxon as its new chief technology officer for Platform & Sportsbook. This is in line with the division’s recent efforts to reinforce its senior leadership under Platform & Sportsbook CEO Richard Carter. According to GiG, Saxon is a proven […]
Casino
December 11, 2023
Chen Lip Keong Passes Away, NagaCorp Stock Plummets
Chen Lip Keong, one of the richest men in Malaysia, has passed away at 76. His death occurred on December 8 and was announced by the NagaCorp board in a filing with the Hong Kong Stock Exchange. Chen, who developed the NagaCorp casino and hospitality brand, suffered a stroke a decade ago, sparking speculations that […]
Business
December 8, 2023
Adelson Completes $2 Billion Stock Sale, Paving the Way for the Dallas Mavericks Purchase
Gambling industry stakeholders are keenly observing the details surrounding the Dallas Mavericks purchase, as it fueled speculations about the future of legalized gambling and sports betting in Texas. The deal should be completed by the year’s end as the team changes hands to the Adelson family, one of the gambling industry’s most famous billionaire magnates. […]
Industry
December 8, 2023
Flutter Entertainment, Ready to Exit Dublin Stock Exchange
Earlier in the week, the leading online sports betting and gaming company that operates some of the most innovative, versatile, and easily distinguishable brands, Flutter Entertainment, announced that its UK and Ireland division had committed up to £8 million ($10 million) to charitable initiatives in 2023. The gambling conglomerate also took the opportunity to announce […]
Business
December 7, 2023
GiG Announces the Completion of $81M Senior Secured Bond Issue
Gaming Innovation Group, a company offering cloud-based product and platform services and performance marketing to clients within the iGaming industry, has announced the completion of its latest bond issue. According to the company’s official announcement, it has successfully completed the issuance of 3-year EUR 75 million ($81 million) equivalent senior secured bonds. The bonds are […]
Business
December 7, 2023
Entain Must Exit Unregulated Markets as Per the DPA
Entain recently reached a deferred prosecution agreement (DPA) with the Crown Prosecution Service (CPS). However, the settlement also says that Entain will have to exit unregulated markets. For reference, the DPA saw Entain commit to pay $737.5 million because of the bribery-related offenses of its former Turkey-facing business. The company was also required to donate […]
