Industry
April 14, 2023
Macau Continues Its Long Road toward Diversification
Despite its steady post-COVID recovery, Macau’s gambling sector faces rising competition from other Asian destinations. The local government has spent years attempting to distance itself from gaming and attract tourists with family-friendly options. However, the aftermath of the pandemic and rising economic uncertainty made such efforts exceptionally difficult. The Last Few Years Were Unkind to […]
Business
April 14, 2023
Better Collective Deepens Moat with Skycon Limited Acquisition
Digital sports media group Better Collective has acquired Skycon Limited, a British global display advertising company, in a $57 million deal (converted to USD). The new acquisition will help the former company cement its leading position in sports media, helping it improve its advertising efforts. Skycon Limited was founded in 2017 and is a Newcastle-under-Lyme-based […]
Blockchain
April 13, 2023
Warren Buffett Maintains His Hardline Stance Against Cryptocurrencies
Warren Buffett, the billionaire CEO of Berkshire Hathaway, has long been known for his skepticism of Bitcoin and other cryptocurrencies. In a recent interview with CNBC, Buffett reiterated his long-held view that cryptocurrency had no intrinsic value and was a speculative asset prone to extreme price swings. He warned investors to stay away, noting that […]
Business
April 13, 2023
BeyondPlay Secures $5.5M in Latest Funding Round
BeyondPlay, a company that combines a custom-built platform with streaming technology and social features, has raised over $5.52 million thanks to its latest funding round. The software firm attracted the attention of several notable investors. BeyondPlay’s latest round was led by Bettor Capital, a US-based early-stage venture capital fund. It focuses on investments to providers […]
Business
April 7, 2023
Cathie Wood’s ARK Trims DraftKings Position after Selling Over 294,000 Shares
The issuer of actively managed exchange-traded funds (ETFs) has announced it sold 294,143 shares of the operator in the context of the stock collapsing. This way, Cathie Wood’s ARK Investment Management took part in a wider market sell-off stimulated by the disappointing forecast for jobs in the private sector in the previous month. One of […]
Industry
April 6, 2023
Digitain Promotes Grigor Asoyan to Group Deputy CEO of Technology
Digitain, a leading sportsbook and casino platform provider serving the iGaming industry, has reinforced its team with a new leadership appointment. The company announced that Grigor Asoyan will be joining its team as group deputy chief executive officer of technology with immediate effect. Asoyan is a Digitain employee who previously served as the company’s chief […]
Business
April 5, 2023
Entain Pens Major Deal, Acquires 365scores
Global sports betting, gaming and interactive entertainment group Entain has unveiled a new major acquisition. The company said that it has acquired all of the shares of 365scores, a global sports media company. In the announcement, Entain said that the acquisition has cost it $150 million. In addition, Entain may have to pay up to […]
Casino
April 4, 2023
South Korea’s Foreigner-Only Casinos Record Impressive Profits
Surging economic growth appears to be the theme across many popular Asian gambling destinations, as Macau also recorded a sharp rise in revenue. Its slow recovery after the COVID pandemic allowed other gambling hubs like Korea to flourish, challenging the Chinese territory’s previously undisputed regional monopoly. The Region Suffered Tremendously during the Pandemic Korea and […]
Lottery
April 4, 2023
Allwyn Sets Its Eyes on the Irish Lottery
The Czech operator started the year on a high note, scoring win after win. The company won the auction to take over the UK lottery, closed out the acquisition of the Camelot Lottery Solutions Group, and set itself up for further expansion. Recent news suggests Allwyn plans to compete for control over the Irish national […]
Business
April 4, 2023
Parsec Capital Acquires Majority Interest in Enteractive Media, Plans Nasdaq Listing
Parsec Capital Acquisitions, a special purpose acquisition company, has acquired a majority interest in Enteractive Media, a gaming affiliate company. Parsec Capital said that it plans to acquire the remaining Enteractive shares in the future, turning the company into a wholly-owned subsidiary. The current deal follows a previous merger announcement and overrides the actual merger […]
