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Business
September 3, 2024
Revpanda Acquires Leetz Media, Evolves into Revpanda Group
Revpanda, an all-in-one digital marketing agency, has announced its acquisition of Leetz Media, another advertising specialist. The tie-up has resulted in the former company evolving into Revpanda Group. Revpanda Evolves Into Revpanda Group The acquisition, according to Revpanda’s official announcement, marks the union of two “well-established companies that have consistently delivered top-tier results in the […]
Business
August 30, 2024
Svenska Spel Publishes Q2 Healthy Revenue Report
Svenska Spel a state-owned company in Sweden, has published its healthy revenue report for Q2 2024, detailing an increased share of revenue from low-risk consumers. The operator reiterated its commitment to responsible gambling, promising to minimize the money it takes from high-risk players. Svenska Spel’s Healthy Revenue Share Increased in Q2 In Q2 2024, Svenska […]
Business
August 30, 2024
GiG Platform Adds Andreas Söneby to Board of Directors
Gaming Innovation Group has strengthened the leadership of its Platform division with the appointment of Andreas Söneby as a board member. Söneby boasts years of gaming industry experience and has spent over a decade at Kambi. Söneby Is an Important Addition to the Team Söneby will reinforce the GiG Platform board team, underpinning its continued […]
Business
August 30, 2024
BetMakers Posts FY 2024 Results, Highlights Reduction in Expenses
BetMakers Technology Group has published its financials for the 12-month period ended June 30, reporting an improvement in its operational discipline and a decline in expenses. The Company Reported a Reduction in Expenses Thanks to a “disciplined approach to its strategy,” BetMakers was able to improve its profitability, realizing significant material benefits. The company’s adjusted […]
Industry
August 29, 2024
Nevada Gaming Revenue Slips in July, but Experts Remain Optimistic
The most recent report by the Nevada Gaming Control Board (NGCB) shows GGR in the state settled at $1.3 billion in July of 2024, representing a 7% year-on-year drop in revenue. While this drop might sound like a red warning, some experts believe such a decrease should be perceived as seasonal rather than a part […]
Business
August 29, 2024
Rivalry Publishes Strong Q2 Results, Plans VIP and Crypto Investments
Rivalry, the leading sportsbook and iGaming operator for Gen Z, has published its financial report for the second quarter of the year, highlighting a jump in net revenue. The company attributed the favorable figures to its successful margin growth efforts. Rivalry Publishes Favorable Q2 Results In Q2, Rivalry handled CAD 87.8 million ($65.1 million) in […]
Business
August 29, 2024
DraftKings Enhances Micro-Betting Capabilities with Acquisition of Simplebet
Digital sports entertainment and gaming giant DraftKings, Inc. will significantly enhance its micro-betting capabilities by acquiring micro-market pricing and sports betting content company Simplebet. This strategic transaction will mark a significant evolution in DraftKings’ in-game wagering capabilities as it leverages Simplebet’s advances with machine learning algorithms. Live Betting Is the New Hot Thing in Sports […]
Industry
August 29, 2024
GambleAware Has Received £295K in RET Donations in Q1
GambleAware has published an update on the donations it received in the first quarter of the 2024/25 fiscal year. The period from April 2024 to June 2024 saw a total of £294,722.99 (approximately $388,000) in Research, Prevention, and Treatment (RPT) contributions. The Results Are In Line with Recent Years GambleAware, which relies on gaming industry […]
Business
August 29, 2024
Deutsche Bank Leads $4.3B Deal for Apollo’s Acquisition of Everi and PLC-IGT
Deutsche Bank AG is leading a $4.325 billion bond-and-loan offering to finance Apollo Global Management Inc.’s ambitious buyout of two big casino equipment suppliers. The deal represents one of the most pivotal mergers and acquisition moves in the gaming landscape this year, a sector where such high-profile deals are a rarity. Everi and PLC-IGT Will […]
Business
August 28, 2024
GiG Publishes Strong Q2 Results Ahead of Strategic Split
Gaming Innovation Group (GiG) has published its financial results for the second quarter of the year (Q2). While the Media division performed well, Platform & Sportsbook struggled to catch up. Gentoo Media Posted Record-Breaking Results According to GiG, its Media division reported all-time-high revenues of EUR 30.3 million ($33.7 million), marking an increase of […]
