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Business
May 16, 2023
Lottomatica’s Impressive Q1 Financials Bolster Its Post-IPO Ambitions
Lottomatica’s results largely mirror the broader trend in the Italian gambling industry, which has seen significant growth in recent years. Rising revenues across the board should fuel the company’s ambitions after it went public on the Borsa Milan Exchange, hopefully surpassing its projected targets. Despite the global financial instability, Lottomatica hopes to ride the expected […]
Business
May 15, 2023
Aristocrat Announces Its Milestone Acquisition of NeoGames
Aristocrat Leisure Limited’s recent announcement revealed details regarding the $1.2 billion deal and the company’s plans to implement the new technology within its existing offerings. NeoGames’ real money gaming (RMG) solutions showed significant potential to bolster Aristocrat’s market appeal across multiple jurisdictions. The global supplier’s stellar 2022 financials place it in the perfect position to […]
Business
May 15, 2023
Entain Parts Ways with Chief Governance Officer Hoskin
Entain, a gaming, betting and entertainment giant, has unveiled changes to its leadership team. As announced by the company, Robert Hoskin, its chief governance officer, will be leaving the company after almost two decades on board. Hoskin joined Entain in 2005 and now boasts over 18 years with the group. He originally served as company […]
Business
May 12, 2023
Mohegan Reports Double-Digit Growth in Fiscal Q2 2023
Mohegan Tribal Gaming Authority released its second fiscal 2023 quarter report on Thursday posting double-digit increases across the key performance metrics, but net loss for the period more than tripled. Mohegan Digital Is Pulling Its Weight Net revenue for the three months ended March 31, 2023, was $405.8 million, registering an increase of 13.2% from […]
Business
May 11, 2023
GAN Is Optimistic about 2023 Despite Suboptimal Q1 Results
GAN, a major NA B2B provider of iGaming technology provider and an International B2C operator of online sports betting, has published its Q1 2023 report, highlighting its performance during the three months ended March 31. GAN reported total revenue of $35.1 million, representing a slight 6% year-on-year decrease. Both the B2B and B2C verticals were […]
Business
May 10, 2023
Sportradar Retains Momentum in Q1 2023 as Net Profit Falls
In its first earnings call for the year, Sportradar registered strong growth across its revenue and adjusted EBITDA metrics. The company ended the three-month period on March 31, 2023, with a strong increase in its quarterly revenue, which was up 24% from the previous quarter, posting €207.6 million ($226.2 million), keeping its momentum from the […]
Casino
May 10, 2023
RSG Names Eric Althaus as GM of Rivers Casino Philadelphia
Rush Street Gaming has appointed the seasoned casino industry veteran Eric Althaus as the new general manager of its Rivers Casino Philadelphia. Althaus, who boasts years of experience in the casino sector, previously served as an assistant general manager at the venue. Prior to that, he served as the property’s vice president of gaming and […]
Business
May 8, 2023
Churchill Downs Reports Record-Breaking Kentucky Derby Revenues
A few days ago, the 149th Kentucky Derby ended, crowning Mage as the winner. The horse covered the mile and a quarter in 2:01.57, to the surprise of bettors who believed that either Angel of Empire or Forte will be the winner. Mage’s upset of the Kentucky Derby favorites was a major development that ended […]
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 […]
