Business
November 9, 2023
NeoGames Posts Q3 Report, Says Gaza Conflict Is Unlikely to Affect Its Business
NeoGames, a tech-driven provider of end-to-end online lottery and online casino solutions, has published its Q3 financial results. In the report, the company highlighted a total revenue of $63.3 million for the period ended September. This represents a noticeable decrease from the $73.3 million NeoGames recorded in Q3 2022. However, NeoGames added that if iGaming […]
Business
November 9, 2023
Stake Acquires Betfair Colombia, Prepares to Expand in LATAM
Online gambling and sports betting leader Stake will enter the Colombian market thanks to a new strategic acquisition deal. As announced, the company will acquire Betfair Colombia, securing its license. The move marks Stake’s foray into the country and is in line with its overall LATAM strategy. Betfair Colombia’s current license is valid until 2025, […]
Industry
November 8, 2023
DraftKings Enjoys a Stellar Launch during Maine’s First Weekend of Regulated Sports Betting
While DraftKings was the last operator to secure one of the coveted Maine sports betting market slots, its first weekend online was wildly successful, netting it over $3.4 million in profits. Such results are not uncommon for high-profile launches and should help the operator secure a substantial market share against competitors like Caesars. The Operator’s […]
Business
November 8, 2023
GiG Sets Out to Acquire KaFe Rocks in a $37M Deal
Gaming Innovation Group (GiG) has set out to acquire affiliate specialist KaFe Rocks in a new EUR 35 million (approximately $37.4 million) acquisition deal. The deal will solidify GiG Media’s position as a lead generator in the iGaming market and will expand the company’s presence in the lucrative North American casino sector. Under the agreement, […]
Business
November 8, 2023
SEGA SAMMY CREATION to Acquire GAN Limited
SEGA SAMMY HOLDINGS INC. and its subsidiary SEGA SAMMY CREATION INC. (SSC) have announced they will enter a definitive and amicable agreement to acquire Nasdaq-listed GAN Limited. The Acquisition, to Close by Q3 Ending in March 2025 SEGA SAMMY’s investment strategy through the fiscal year ending March 31, 2026, includes investing up to ¥250 billion […]
Business
November 8, 2023
GiG Reports Robust Q3 2023 Revenues and Growth across Core Verticals
Oslo-based Gaming Innovation Group (GiG) announced impressive financial results for Q3 2023, showcasing its leadership position in the iGaming industry. The company’s Q3 revenues reached an all-time high as it heads to a record-breaking year-end. Several high-profile appointments bolstered GiG’s leadership team, helping to manage its growing international footprint. Metrics Are Up across the Board […]
Business
November 8, 2023
Entain’s Leadership Increases Its Stake in the Company
Gambling group Entain recently published its Q3 results, inspiring trust in the company’s position and the value of its shares. As a result, many members of the company’s board of directors have purchased Entain shares. The company’s chief executive officer Jette Nygaard-Andersen, for example, purchased more than doubled her shareholding from 31,000 shares to 65,400 […]
Business
November 7, 2023
Hard Rock Digital Names Arthur as Director of Product Operations
Hard Rock Digital, Hard Rock’s online casino and sports betting arm, has welcomed a new addition to its team. The one to join the company at this time is Martin Graham Arthur who will serve as the company’s new director of product operations. Joining a team of new and familiar faces, Arthur will now be […]
Business
November 7, 2023
Dodge & Cox Increases Stake in Entain amidst Strong Investor Confidence
US mutual fund company Dodge & Cox has more than doubled its stake in the global sports betting and gaming group Entain, making it the second-largest single shareholder in the gambling giant. This increased stake can be interpreted as a show of confidence in Entain’s potential, as the company recently revealed its updated plans to […]
Casino
November 7, 2023
RAAC Discovery Forces Genting to Shut Down Westcliff-on-Sea Casino
Structural integrity concerns have caused Genting Casinos UK to temporarily shut down its casino in Westclif-on-Sea. As it turns out, reinforced autoclaved aerated concrete (RAAC) had been used in the property’s construction, compromising the venue. RAAC was most commonly used in the mid-20th century as a cheaper and lighter version of conventional reinforced concrete. However, […]
