Industry
August 18, 2023
GamCare Welcomes D’Arcy Myers as Interim CEO
With a wealth of experience in independent charity consultancy and a proven track record in driving strategic development and change processes, D’Arcy Myers will play a pivotal role in guiding GamCare through its mission to create a safer and more responsible gambling environment. He will build upon the achievements of his predecessor and utilize his […]
Industry
August 17, 2023
New Jersey’s Gambling Revenue Maintains Its Steady Rise through July
The New Jersey Division of Gaming Enforcement’s monthly report revealed that June’s trends remained roughly the same as the online sector thrives. Despite the single-digit drop in land-based revenue, the Borgata performed exceptionally well, signaling the region’s ongoing recovery. Continued innovations by operators guarantee that New Jersey venues will retain their popularity and continue to […]
Business
August 16, 2023
GiG Posts All-Time High Q2 Revenues
Gaming Innovation Group (GiG) has posted its Q2 financials, reporting all-time high revenues. The company is optimistic about the future and will do its best to maintain its momentum into H2. As reported by the company, GiG achieved all-time high quarterly revenues at $33.9 million (all figures have been converted to USD). This represents a […]
Business
August 14, 2023
B90 Hires McIver as NED, Promotes Peyman to CFO
B90 Holdings has enhanced its leadership team with a new appointment and a promotion. As announced by the company, it has promoted its recently-appointed consultant Farzad Peyman as the company’s new chief financial and M&A development officer. At the same time, B90 Holdings has welcomed Andrew McIver as a non-executive director. The online betting & […]
Legal
August 14, 2023
SkyCity Sets Aside $29.2M for Upcoming AUSTRAC Penalty
Casino and hospitality company SkyCity Entertainment has set aside AUD 45 million (around USD 29.24 million, current conversion rates) for a potential penalty. The operator expects to be hit by a fine because of its recent anti-money laundering (AML) and combating the financing of terrorism (CTF) breaches. SkyCity admitted that it is currently available to […]
Business
August 11, 2023
GAN Posts Q2 Results, Shares Optimism about H2
North American B2B and B2C iGaming company GAN has posted its financial result for the second quarter of the year. The period ended June 30 marked another quarter of mixed metrics. Following its suboptimal performance in Q1, the company posted Q2 revenue of $33.8 million, marking a slight year-on-year decrease from last year’s $35 million. […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
Business
August 10, 2023
Entain’s Strong H1 2023 Report Reflects Impressive Growth
Entain’s impressive financial achievements highlight the group’s continued success and ability to navigate the evolving landscape of the iGaming industry. Despite a potentially costly HMRC settlement, the gambling giant achieved notable success in its core markets and seized many new expansion opportunities, guaranteeing enduring growth. A growing customer base and improved community-focused efforts should ensure […]
Legal
August 10, 2023
Entain Hedges Against HMRC Ruling with $750M Provision
The leading global betting, gaming and interactive entertainment group, Entain, announced that it has set aside some £585 million ($747 million) regarding its ongoing deterred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS) over an investigation by the HMRC for one of its former Turkish-facing businesses. The business, which was under the name […]
Business
August 9, 2023
Light & Wonder Signs Definitive Deal to Acquire SciPlay
Light & Wonder, a manufacturer of gambling products, announced that it has signed a definitive agreement to acquire the remaining 17% equity interest in SciPlay that it doesn’t currently own. The two parties agreed on a price of $22.95 per share in all-cash transactions. The move secured the approval of the board of directors of […]
