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Business
April 26, 2023
Boyd Gaming Shows No Signs of Slowing Down, According to Q1 Results
Boyd Gaming has built upon its substantial 2022 momentum, capitalizing on its diverse and resilient portfolio. Successful launches in new jurisdictions and the further development of existing markets were instrumental in maintaining revenue and EBITDAR growth. Such stellar results put the operator in a comfortable position to consolidate its market position and remain vigilant for […]
Business
April 26, 2023
Rivalry to Receive $7.3M in Pinnacle-led Funding Round
Rivalry, an international sports betting and media company will receive $7.34 million (converted to USD) in funding through a new financing round. To that end, the company will issue up to 6,666,666 subordinate voting shares at a price of $1.10 each. The funding round will be led by Pinnacle and will feature a variety of […]
Business
April 26, 2023
Kindred Unveils Review of Strategic Alternatives
Kindred Group, a company behind several major gambling brands, announced that it has launched a review of strategic alternatives to maximize shareholder value. Its board of directors will now explore approaches that Kindred can take to bolster its business. The process will see Kindred’s directors evaluate its world-class portfolio of iGaming and online sports betting […]
Business
April 25, 2023
Zitro Expands in LATAM with New Buenos Aires Office
Zitro, a world leader in entertainment that supplies operators with engaging bingo and slot games, has announced that it has opened a new office in Buenos Aires, Argentina. The new hub will bolster the company’s presence in Latin America and will set it up for further expansion in the region. The opening of the new […]
Business
April 21, 2023
Ontario’s Online Gambling Industry Enjoys Stellar Growth in Its First Year
The first year of operations for Ontario’s gambling market put the Canadian province among one of North America’s leading jurisdictions. Online sports betting and iGaming exceeded expectations thanks to the local regulator’s efforts to foster a diverse and flowing ecosystem promoting healthy competition. The region’s strict rules have proven that responsible gaming measures and financial […]
Business
April 20, 2023
LVS Q1 Results Skyrocket as Asian Markets Rebound
Las Vegas Sands posted its financial results for the first quarter of the year, highlighting a robust recovery in Macau and Singapore. The leading integrated resort developer reported impressive revenues from its Asian operations. LVS reported Q1 net revenue of $2.12 billion which is over two times higher than the figure recorded in Q1 2022. […]
Industry
April 18, 2023
New Research Pegs the Cost of Problem Gambling in the UK to £1.40B Each Year
The research focused on the fiscal costs associated with problem gambling, contrasting previous work in that field. NIESR’s findings questioned the long-term financial benefits of gambling as opposed to its substantial societal burdens. The Institute recommended further research to elaborate on these early findings and develop a comprehensive picture of the UK’s gambling ecosystem. Hundreds […]
Business
April 14, 2023
Lottomatica Prepares for IPO, Targets $467M
Apollo Global, an American global private equity firm, has confirmed its IPO plans for the Lottomatica division, saying that it plans to have it go public on the Euronext Milan exchange by the end of April. The IPO is expected to help Lottomatica reduce its debt. According to the announcement, the IPO will consist of […]
Business
April 14, 2023
888’s FY 2022 Report Reveals Mixed Results, Management Remains Optimistic
888 Holdings’ FY22 results and Q1 2023 trading update showed strong performance in key verticals, but UK and Middle East compliance issues dampened performance in these jurisdictions. The William Hill acquisition was a significant investment that had a transformative effect on the group, substantially improving its 2023 prospects. Overall, 888’s leadership stood by its earlier […]
Industry
April 14, 2023
Macau Continues Its Long Road toward Diversification
Despite its steady post-COVID recovery, Macau’s gambling sector faces rising competition from other Asian destinations. The local government has spent years attempting to distance itself from gaming and attract tourists with family-friendly options. However, the aftermath of the pandemic and rising economic uncertainty made such efforts exceptionally difficult. The Last Few Years Were Unkind to […]
