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Business
October 17, 2024
Entain Posts Favorable Q3 Figures, Decides Against Crystalbet Sale
Gambling giant Entain has posted a trading update for the third quarter of the year, highlighting results that were ahead of the forecasts. At the same time, Entain decided to retain the Crystalbet brand. The Q3 Results Were Unexpectedly Strong In its official report, Entain highlighted an 8% increase in its total group net gaming […]
Industry
October 16, 2024
Flutter CEO: UK Tax Hike Would Be in No One’s Interest
Peter Jackson, chief executive officer of Flutter Entertainment, commented on the UK’s ongoing gambling reforms amid talks about tax hikes. Echoing his recent point about the US market, he suggested that high tax rates tend to have adverse effects. Labour Should Speed Up the Regulatory Process In a post on LinkedIn, Jackson said that was […]
Business
October 15, 2024
DraftKings Expands Portfolio with Mustard Golf Acquisition
DraftKings has announced its acquisition of Dijon Systems, a subsidiary of Mustard Systems, in a deal that aims to elevate the operator’s golf betting capabilities. This strategic move closely follows DraftKings’ acquisition of Simplebet and is part of parent company Flutter Entertainment’s ambitious plans for the remainder of 2024 and beyond. The New Acquisitions Round […]
Business
October 15, 2024
Kindred Restructures Its Board Following FDJ’s Takeover
Kindred Group announced major changes to its board of directors following its takeover by La Française des Jeux (FDJ). The historic deal, which cemented FDJ as one of Europe’s biggest gambling companies, led to significant restructuring for Kindred. Kindred Unveils New Board Lineup According to Kindred’s announcement, several directors, including James H. Gemmel, Cédric Boireau, […]
Business
October 14, 2024
Digitain and Sport Generate Executive Departs, Plans to “Catch Up on Sleep”
Simon Westbury, the chief executive officer of Sport Generate and chief business officer of Digitain announced his departure from the businesses. While he has fond memories of serving the two companies, the man now plans to “catch up on sleep.” Westbury Remembers His Time at Digitain and Sport Generate Fondly Westbury joined the industry-leading iGaming […]
Business
October 11, 2024
Fantasma Games’ Shareholders Approve EveryMatrix’s Takeover Bid
EveryMatrix announced that an overwhelming majority of Fantasma Games’ shareholders have approved the former company’s takeover bid. For context, the acquisition required the approval of at least 90% of the content developer’s investors. The Deal Has Been Approved by Shareholders A month ago, EveryMatrix submitted a recommended public offer to acquire all of Fantasma Games’ […]
Business
October 10, 2024
Another Nevada Regulator Greenlights Sega Sammy’s Takeover of GAN
GAN Limited, a leading B2B provider of online gambling solutions and B2C sportsbook operator has confirmed that its merger with Sega Sammy has inched closer to realization. According to the gambling company it has finally secured a license from the Nevada gaming regulator, allowing the deal to move forward. The Deal Moves Forward Sega Sammy […]
Casino
October 9, 2024
Wynn Pumps Up Its Budget for Wynn Al Marjan Island
Casino and hospitality giant Wynn Resorts has opted to increase its investment in Wynn Al Marjan Island, its upcoming property in the United Arab Emirates. This announcement comes shortly after the company secured the first commercial gaming license in the region. The Company Just Secured The First Local License Wynn Al Marjan Island is set […]
Business
October 8, 2024
Esportes da Sorte Acquires ST Soft, Hopes to Open a New Leaf
Brazilian betting operator Esportes da Sorte has successfully obtained authorization to operate in Rio de Janeiro, thanks to its acquisition of ST Soft-operated Apostou.com, which had already received licensing by the state’s lottery provider Loterj in November 2023. This move allows Esportes da Sorte to establish a presence in the lucrative Rio de Janeiro market […]
Business
October 8, 2024
PENN Entertainment Unveils Preliminary Q3 Financial Results
Today, PENN Entertainment revealed its preliminary financial results for the third quarter ending 30 September 2024, highlighting stronger-than-expected results for its interactive unit, Penn Interactive, which includes the ESPN Bet platform. The company noted the digital segment was performing better than projected, expressing a stable outlook for its retail operations going into 2025. Overall Financials […]
