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Gambling News - 'Business'
Legal
December 1, 2022
1xBet’s Bankruptcy in Curaçao Appears Inevitable
1xBet, one of the world’s largest online sports betting companies, continues to make headlines in the worst possible ways. The company is now facing an imminent threat of bankruptcy in Curaçao, after a prolonged legal battle with the Foundation for the Representation of Victims of Online Gaming (SBGOK). 1xCorp N.V., originally from Russia, operates 1xBet […]
Business
November 29, 2022
Itai Pazner: Handling Debt Is 888’s Top Priority
Leading gambling group 888 Holdings is holding its Capital Markets Day today, November 29. Ahead of the event, the group spoke about some topics that will be discussed. Paying back 888’s outstanding debts continues to be a core priority amid investor unrest. 888 Holdings Must Deal with Debts 888 shareholders remain concerned about the money […]
Business
November 29, 2022
888 Holdings to Discuss Strategy at CMD Event
888 Holdings, a leading global gambling company, has updated its strategy for sustainable gambling creation. More details, the holding said, would be shared at its Capital Markets Day (CMD). 888 Will Discuss Its Future The CMD event, according to 888, would feature several presentations from its executive, who will shed light on the company’s updated […]
Business
November 28, 2022
Lottomatica Posts Interim Results for the Period Ended September 30
Lottomatica, the biggest Italian gambling operator, has posted a spectacular year-to-date revenue for the period ended September 30, 2022. During the first nine months of the year, the company earned over $1 billion, according to an interim trading report. Report Outlines the Company’s Performance in the Period Ended September 30 Lottomatica has surpassed the milestone […]
Business
November 24, 2022
Playtika Completes $25М Ace Games Investment
Mobile gaming entertainment and technology company Playtika Holdings announced the successful completion of a $25 million minority investment in Turkish mobile gaming developer Ace Games. The move aims to bolster Playtika’s international growth and expand the company’s footprint in the mobile gaming market. Playtika Invests in Winning Verticals Playtika’s newest investment comes not long after […]
Business
November 22, 2022
AskGamblers Sale May Prop Up Catena’s Restructuring Efforts
Gambling affiliate operator Catena Media may soon enjoy a brief respite amidst a tumultuous 2022. The company has been underperforming in recent months and is now attempting to divest itself of some of its brands and stagnating European assets. Recent news suggests that AskGamblers.com, Catena’s online gambling player community portal, may have attracted a potential […]
Business
November 21, 2022
Arena Racing Company Acquires Vermantia
British racing group Arena Racing Company (ARC) has announced the completion of the acquisition procedures for Vermantia, the technology company with a focus on omnichannel content distribution. The takeover is expected to strengthen the group’s commitment to this type of distribution. The decision perfectly aligns with the group’s investment strategy in technologies that can be […]
Business
November 17, 2022
Kero Gaming Surpasses Fundraising Goals
Sports betting and customer engagement solution startup Kero Gaming announced that it had secured $2 million in extra capital from strategic investment company Happyhour.io. Kero plans to use the funds to bolster its signature sportsbook product and continue refining its vision. Kero Offers a Modern Approach to Wagering Founded in 2019, Kero Gaming has set […]
Business
November 15, 2022
GAN Suspends FY Guidance Amid Uncertainties
Award-winning supplier of enterprise Software-as-a-Service solutions for iGaming and online sports betting apps GAN Limited has reported a relatively flat revenue for the third quarter, compared to last year’s results for the same quarter. This, together with the ongoing market uncertainty has convinced the company that has deployed its GameSTACK platform in the US and […]
Business
November 14, 2022
NOVOMATIC Closes HBG Acquisition Deal
NOVOMATIC, a full-service provider in the gaming industry and one of the biggest gaming tech companies in Europe, has consolidated its international expansion with the acquisition of HBG Group. The move cemented the company as one of the biggest concessionaires in Italy. NOVOMATIC Has Acquired HBG Gaming NOVOMATIC has been operating in Italy for more […]