Gambling News - 'Business'
Business
August 30, 2023
Star Entertainment Has Implemented 22 of the 30 Bell Review Recommendations
Star Entertainment, an Australian casino & hospitality giant, continues to implement its remediation plans, improving its practices in the wake of regulatory hurdles. As outlined in a report by NSW’s Minister for Gaming and Racing, David Harris, the company has now implemented more than two-thirds of the Bell Review recommendations. In September 2021, NSW’s regulator […]
Business
August 29, 2023
Rivalry Publishes Q2 Results, Reports Spectacular Growth
Esports betting specialist Rivalry has published its Q2 2023 report, highlighting another favorable quarter. The gaming and sports betting operator reported a spectacular increase in handle and updated its guidance. Rivalry reported record-breaking Q2 revenue of roughly $6.4 million (converted to USD from CAD). This represents a remarkable 60% increase from Q2 2022, demonstrating the […]
Business
August 29, 2023
PointsBet to Return Millions to Shareholders Following the Sale of Its US Arm
PointsBet will return millions to its shareholders following the sale of its US business to Fanatics Betting and Gaming. This was confirmed during the company’s latest extraordinary general meeting. PointsBet agreed to divest its US assets on June 30, selling its American operations of $225 million. The transaction is intended to take place over a […]
Business
August 28, 2023
Bragg Gaming Group Names Mazij CEO as Sherman Steps Down
Bragg Gaming Group, which just teamed up with bet365 in Ontario, announced the appointment of its board of directors chair, Matevž Mazij, as chief executive officer. Effective immediately, the move will see Mazij replace the outgoing Yaniv Sherman. In addition to chairing Bragg Gaming’s board, Mazij is also the company’s largest stakeholder, the announcement noted. […]
Slots
August 24, 2023
Jacks.nl Joins Formula 1 Heineken Dutch Grand Prix as a Main Sponsor
Formula 1 Heineken Dutch Grand Prix announced that Jacks.nl, a Dutch gambling company, will serve as one of its principal sponsors. From 2024 onwards, the operator will join the list of the Dutch Grand Prix’s partners, which includes major companies such as Pon, Heineken, Radio 538 and Jumbo. Formula 1 Heineken Dutch Grand Prix’s sporting […]
Industry
August 22, 2023
Karin Schnarr Takes Up the Mantle of AGCO CEO and Registar
Karin Schnarr brings a wealth of experience and expertise to her new role. Her impressive academic background and extensive research in strategic management provide her with the skills and knowledge necessary to elevate the regulator’s operation and help it meet emerging challenges. Schnarr’s appointment marks a vital milestone in AGCO’s efforts to ensure player protection […]
Business
August 21, 2023
FS Gaming Terminates Voting Rights Deal with Segev
FS Gaming Investments is ending its voting rights agreement with Shay Segev, Entain’s former chief executive. This was announced in a regulatory filing filed by 888. FS Gaming Investments is a fund owned by three ex-Entain (formerly GVC Holding) executives, namely Kenny Alexander, Lee Feldman and Stephen Morana. The new filing says that Segev, who […]
Industry
August 21, 2023
HungryBear Creates Branded Slots Masters Product for Novibet
HungryBear Gaming, a North American gaming studio, has teamed up with Novibet to launch a branded version of the Slot Masters multiplayer game in Greece. Slot Masters is the studio’s most popular title to date and is expected to channel many players toward the operator’s platform. According to the announcement, HungryBear Gaming and Novibet have […]
Business
August 21, 2023
Future Anthem Unveils Expanded Workforce, Targets Growth
Future Anthem, a leading market data and AI specialist, has unveiled a significant expansion of its workforce. As announced, the company’s team has more than doubled since its Series A funding round in July 2022. In just a year, Future Anthem went from a team of 21 members to a workforce of 43 members. The […]
Industry
August 21, 2023
Barstool’s Dave Portnoy Emerges as a Leading Figure after Post-ESPN Triumph
Portnoy’s repurchase of Barstool Sports from Penn National for a nominal sum underscored his keen business acumen and determination to steer the trajectory of the media company he had founded. Now back in charge, Portnoy can leverage his name and leadership skills to lead Barstool without interference, securing his position as one of the industry’s […]