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Industry
May 9, 2025
VGW CEO Laurence Escalante Is Angry with Investors’ Critiques
Laurence Escalante, the founder and chief executive officer of sweepstakes giant Virtual Gaming Worlds (VGW), has gone off on a rant against investors who are critical of his company’s way of doing business. The Australian billionaire urged those who do not trust his team to simply leave. Escalante: Those Who Do Not Trust VGW Should […]
Business
May 9, 2025
MGM Re-Signs Contract with CEO Hornbuckle Until 2028
CEO and president Bill Hornbuckle has renewed his contract with MGM Resorts, meaning he will stay at the helm of the company for the next three years. MGM Resorts Announces Re-Signing of CEO The deal will see Hornbuckle extend his tenure in the position until the end of 2028. The previous agreement between the company and […]
Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Business
May 9, 2025
Konami: Games & Systems Division Continued to Grow in FY 2024/25
Konami has published its financial report for FY 2024/25, reporting an increase in its casino content & services division revenue. The firm attributed this growth to its stable business in key markets, such as North America and Australia. Konami’s Games & Systems Division Reported an Increase in Revenue In its annual report for the fiscal […]
Business
May 8, 2025
Galaxy Entertainment Group’s Growth Remains Stable, Company Bullish on 2025
Galaxy Entertainment Group (GEG), one of Macau’s casino concessionaires, has reported its Q1 results, highlighting a stable increase in revenue and EBITDA. GEG’s Q1 Was Strong In Q1, Galaxy Entertainment’s total GGR reached HKD 10.9 billion ($1.4 billion), up 14% year-on-year. This figure represented a slight quarter-on-quarter decline due to seasonal fluctuations but still demonstrated […]
Business
May 8, 2025
PENN Entertainment Shows Resilience in Q1 Report
American casino giant PENN Entertainment has published its financials for the first quarter of the year, reporting an increase in revenue. The company’s adjusted EBITDAR was likewise stronger despite certain headwinds in January and February. The Company’s Financials Were Mostly Favorable Despite Earlier Setbacks The company’s total revenue for the period increased by 4.1% year-on-year […]
Industry
May 8, 2025
Kaizen’s Playmakers Program to Train a New Generation of iGaming Leaders
Kaizen Gaming has unveiled an upcoming talent program designed to help ambitious individuals become the next GameTech leaders. Set to run for two years, the Playmakers Commercial Talent Programme will provide participants with the hands-on experience they need to secure themselves a future in the iGaming sector. “Your Future. Your Game. Ready to Join?” […]
Business
May 8, 2025
Light & Wonder’s Momentum Continues with 16th Quarter of Revenue Growth
Leading gaming content supplier Light & Wonder has published its financial report for the first quarter of 2024, highlighting continued growth in revenue. This notably marked the 16th consecutive quarter of year-on-year consolidated revenue growth. The Sixteenth Consecutive Quarter of Growth Light & Wonder’s financials for the here months ended March 31, 2025, show consolidated […]
Business
May 7, 2025
Kero Gaming Secures $3M in SIG Sports-Led Funding Round
Kero Gaming, an ambitious micro-betting odds specialist, just closed a $3 million funding round. The company announced that this funding will allow the company to “enter a phase of accelerated growth.” Micro Bets, Macro Moves As mentioned, Kero Gaming just closed a Series A funding round. The investment round was led by SIG Sports and […]
Business
May 7, 2025
Genius Sports Reports Strong Q1 as Revenue Grows, Losses Shrink
Genius Sports, a leading data, tech and broadcast partner at the intersection of sports, betting and media, has published its results for the first quarter of the year, announcing an increase in revenue and a drastic decline in net loss. Thanks to the favorable results, the company’s board approved a $100 million share buyback program. […]
