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Gambling News - 'Business'
Business
December 10, 2024
Videoslots Rebrands as Immense Group, Reflecting Its Rising Prominence
Videoslots Ltd., a trailblazer in the online gaming industry since its inception in 2011, has officially rebranded as Immense Group. The new name shows how the company has transformed from a single-brand casino to a multi-brand, vibrant, globally recognized company ready for ambitious growth while delivering cutting-edge customer experiences. New Name, Same Commitment to Excellence […]
Business
December 9, 2024
Allwyn Q3 Boosted by Strong Performance in Key Markets
Allwyn has published its preliminary unaudited financial results for the third quarter of 2024. As the company recorded increases across the board, CEO Robert Chvatal expressed excitement about its standout performance in Greece and Cyprus. A Strong Quarter for Allwyn In Q3 2024, Allwyn reported a total revenue of EUR 2.14 billion ($2.26 billion), marking […]
Business
December 9, 2024
Yolo Entertainment Enhances Leadership with New COO, Three Directors
Yolo Entertainment, the company behind several leading iGaming brands, has enhanced its team with the addition of a new chief operating officer and three new directors. The new appointees will bolster the group’s leadership, allowing it to maintain its growth curve. Sandra Vask Will Head the Daily Business Operations The new addition to the group’s […]
Legal
December 9, 2024
Medier Takes Mike Tyson to Court for Alleged Contract Violation
Mike Tyson has been embroiled in a lawsuit in the aftermath of his historic fight against Jake Paul. According to the allegations, Tyson has violated its agreement with Cyprus-based media giant Medier. Medier Says Tyson Unlawfully Ended the Deal The deal in question had been signed in January but violated because of the clash between […]
Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Business
December 6, 2024
Playtech Founder Buys Miami Mansion, Plans Big Changes
Teddy Sagi, the founder of the gaming software development giant Playtech, has purchased a huge waterfront home in Miami Beach. The billionaire is reportedly planning to demolish the old building and construct a state-of-the-art mansion. Sagi Envisions Erecting a High-Tech Mansion The home in question was sold to Sagi by a company related to the […]
Business
December 6, 2024
Hector Fernandez to Lead Combined IGT and Everi Enterprise as CEO in 2025
Hector Fernandez will take charge as CEO of the merged business combining International Game Technology’s (IGT) Gaming and Digital division with Everi Holdings, once the deal closes. Apollo Global Management Plans New Leadership Structure Post-Acquisition This news comes after Apollo Global Management affiliates bought both companies taking a big step to build a varied gaming […]
Business
December 5, 2024
TGLAB Acquires SysGaming, Targets LATAM Growth
TGLAB, an ambitious and progressive iGaming technology partner, has announced its acquisition of SysGaming, a Brazil-based gambling software provider. This agreement is set to enhance the former company’s overall capabilities and presence in the LATAM region. TGLAB Will Reinforce Its Position in LATAM TGLAB already boasts a robust footprint in Latin America, with its presence […]
Business
December 5, 2024
Sportradar CFO Discusses Strategic Growth and Innovation
At the Morgan Stanley Global Consumer and Retail Conference held on 4 December, Sportradar’s CFO, Craig Felenstein, shared perspectives on the company’s growth trajectory and strategic priorities. Felenstein emphasized a balanced commitment to organic growth and targeted acquisitions, leveraging the company’s robust financial foundation to maintain momentum despite rising macroeconomic challenges. Sportradar Carefully Evaluates M&A […]
Business
December 5, 2024
EveryMatrix Enters Croatia with First Omnichannel Deal with a T1 Partner
Leading provider EveryMatrix has unveiled a foray into yet another market. This time, the supplier’s cutting-edge products have taken off to Croatia where the company has teamed up with ArenaCasino. EveryMatrix’s First Omnichannel Deal with a Tier-1 Partner The new provision partnership was described as one of EveryMatrix’s largest projects of 2024. Per the deal, […]