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Business
August 1, 2023
Relax Gaming Designates Industry Veteran Hannah as CPO
Relax Gaming, a leading iGaming content provider and aggregator, has strengthened its leadership team with the appointment of a new chief product officer. The one up to the task is Shelley Hannah, an industry heavyweight with years of experience in the iGaming sector. Hannah boasts over 10 years of specialization in iGaming products and 5 […]
Business
July 31, 2023
BetMakers Reports Q4 Results, Highlights and Restructuring Progress
BetMakers released a report on its performance in Q4 of the fiscal year ended June 30, 2023. The company recorded improvements across the board and unveiled an upcoming webinar for its full-year report. The betting tech and data partner reported $16.6 million (converted to USD) in cash receipts in Q4, which represents a modest 5% […]
Business
July 31, 2023
Lottomatica Posts Strong Q2 Results, Updates Guidance
Lottomatica has posted its Q2 2023 results, updating its full-year guidance on the back of continued double-digit growth. In Q2, the company reported revenue of $439 million (converted to USD). This represents a significant 20.7% year-on-year growth from the $380 million recorded in Q2 2022. However, the quarter failed to surpass Q1 2023’s record-breaking revenue […]
Business
July 31, 2023
Fox Corp. and Flutter to Shutter Their Fox Bet Online Wagering Business
As the joint project of Fox Corp. and Flutter Entertainment, Fox Bet was perfectly positioned to capitalize on the growing US online sports betting market. However, disagreements between the two companies and diverging interests meant the project never reached its full potential. The impending shutdown will undoubtedly create short-term instability, but Flutter’s dominating market position […]
Business
July 28, 2023
PointsBet Reports Impressive FY 2023 Financials
PointsBet’s sale of its US arm to Fanatics in the final quarter of the fiscal year represented one of the primary drivers behind its stellar performance, allowing the company to focus on its other lucrative markets while unlocking significant value through the sale. Despite the tense acquisition process, the Australian operator emerged stronger than ever, […]
Business
July 28, 2023
FDJ Moves In to Acquire Irish National Lottery Operator PLI
French lottery operator Française des Jeux (FDJ) has made a significant move in the international gaming market with its agreement to acquire Premier Lotteries Ireland (PLI), the operator of the Irish National Lottery. The acquisition marks a strategic expansion for FDJ into the Irish gaming landscape, solidifying its position as a key player in the […]
Business
July 27, 2023
NOVOMATIC Africa Introduces Management Team Changes
NOVOMATIC’s African unit, NOVOMATIC Africa, unveiled a new management structure. The changes to its team will come into effect starting August 1. As announced by the company, Sonya Nikolova, one of its board of directors members and biggest contributors to the company’s growth in South Africa, will move back to Europe. Following her exit from […]
Industry
July 27, 2023
New Proposal Seeks to Eliminate Hotel Resort Fees
Resort fees are a form of additional payment that applies to visitors of resorts and hotels for different amenities. Usually, such fees are applicable for special amenities, but over the last decade, they have become infamous for increasing exponentially the bills for guests of hotels. While some hotels or resorts would indicate such fees may […]
Business
July 26, 2023
BetMGM Publishes Impressive H1 Results
North American gaming giant BetMGM has published a report on its performance during the first half of 2023. In addition, the company provided an update on its outlook for its full-year performance. The company, jointly owned by MGM Resorts International and Entain, announced that has finished the first half of the year with a very […]
Business
July 26, 2023
Light & Wonder Paves the Way to ESG Excellence with Inaugural Report
Light & Wonder has reaffirmed its commitment to becoming a global leader in Environmental, Social, and Governance (ESG) issues, releasing its first-ever ESG report. The comprehensive document highlights the company’s progress and achievements over the past year, helping it identify areas requiring additional improvements. The developer’s commitment to positive change should bolster its broader market […]
