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Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability. The Q4 Report Was Mixed The fourth quarter of the year saw MGM Resorts report consolidated net revenues of $4.3 […]
Esports
February 13, 2025
Overwatch 2 to Reintroduce Loot Boxes Due to Popular Demand
Overwatch is once again getting loot boxes, Blizzard Entertainment announced. Answering a popular demand, the company decided to reimplement the controversial mechanic, which had so far been missing from the franchise’s second entry, Overwatch 2. Paid Loot Boxes Have Been Compared to Gambling Loot boxes are a controversial video game mechanic where players can open […]
Business
February 12, 2025
Light & Wonder Promotes from Within, Names Nathan Drane CPO
Light & Wonder, an American leader in the provision of gambling products and services, announced that it has enhanced its leadership with the appointment of a new C-suite member. The company clarified that long-term member Nathan Drane will assume the role of chief product officer and oversee the B2B company’s pipeline. The appointment comes a […]
Sports
February 11, 2025
Allwyn Joins Formula 1 as Official Partner, Vows to Empower Fans
International lottery giant Allwyn has unveiled a major new partnership with Formula 1. Coming just in time for F1’s 75th anniversary, the tie-up will celebrate the sport, promoting the excitement of professional racing. Allwyn Joins F1 as Official Partner According to the official announcement, the deal will increase Allwyn’s global awareness, cementing the company as […]
Legal
February 11, 2025
Light & Wonder Secures Legal Victory Against Aristocrat in Australia Despite US Loss
Light & Wonder has secured a legal victory against Aristocrat in Australia, leading to a spike in its share price. Despite achieving a significant victory against L&W in America, Aristocrat failed to replicate this success in its home market. Light & Wonder’s Shares Soared as It Won in Court The lawsuit in question concerned the […]
Business
February 11, 2025
Catena Media Posts Weak 2024 Results, Remains Confident in Its Strategy
Affiliate powerhouse Catena Media has published its year-end report for the period January-December 2024. Despite a noticeable decline in revenue, the company remains confident that its business strategy will soon pay off. Optimization Measures Stabilized EBITDA in Q4 In Q4 2024, Catena Мedia reported EUR 10.2 million ($10.5 million) in revenue from continuing operations. This […]
Business
February 6, 2025
Enteractive Agrees to Reinforce BetMGM’s CRM Efforts
Enteractive, a specialist in player reactivation and conversion services, has announced a new deal with iGaming and sports betting powerhouse BetMGM. Per the deal, the latter company will help the gaming operator tap inactive players and channel more customers toward its platform. Enteractive Will Reengage Inactive and Non-Funded Accounts According to the announcement, Enteractive will […]
Business
February 6, 2025
Betsson Posts Its Strongest Full-Year Report Yet
Betsson Group has published its results for Q4 and FY 2024, reporting significant business progress amid favorable financial metrics. According to CEO Pontus Lindwall, the company ended its best year even on a very strong note. A Strong End to Betsson’s Best Year In the three-month period ended December 31, Betsson reported a group revenue […]
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Betting and gaming juggernaut BetMGM has published its FY 2024 financials, delivering revenue growth and optimistic EBITDA forecasts. While the brand is still EBITDA negative, it is convinced that 2025 may be a turning point. BetMGM Hopes to Turn EBITDA-Positive Soon BetMGM, which is jointly owned by MGM Resorts International and Entain, reported net revenue […]
Business
January 31, 2025
Philippine Gaming Grows as PAGCOR Announces Revenue Record
The Philippine Amusement and Gaming Corporation (PAGCOR) published its report for 2024, revealing a new all-time high revenue and income figures. Chair & CEO Alejandro Tengco praised the metrics, saying that the corporation is pleased with this stellar progress. The PAGCOR Exceeded the PHP 100B Mark According to the PAGCOR’s report, its annual revenues for […]
