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Business
August 28, 2024
Co-Founders Liberman and Robins Sell Over $10M of DraftKings Shares
DraftKings co-founders Paul Liberman and Jason Robins have collectively sold over $10 million worth of the company’s shares in the last few days. Liberman and Robins Sold Thousands of Shares Liberman, who serves as DraftKings’ president of global tech and product, sold 78,466 shares on Monday for approximately $3.15 million. The shares were sold in […]
Business
August 22, 2024
PointsBet Is Not Concerned About Changes to Ad Regulations
Gambling operator PointsBet is optimistic about its business in Australia despite the country’s mulled gambling ad restrictions. The company is certain that its business is in a position where it would be more or less unaffected by such a change. For context, the country is considering proposals to ban or at least significantly limit gambling […]
Industry
August 22, 2024
Golden Matrix Acquires Controlling Interest in Online Discount Platform
Golden Matrix Group, Inc. is an online platform, content developer, and licensor for social gaming. The company has announced the acquisition of an 80% controlling interest in Classics for a Cause Pty Ltd., or CFAC, in a strategic expansion into the consumer loyalty and rewards industry, which should synergize with its existing portfolio. GMGI Hopes […]
Industry
August 22, 2024
Former Infinileads Owners Announce DailySpin and IppicaOnline
The former owners of Infinileads, one of the leading names in affiliate marketing, are returning to the online gambling industry by launching two new gambling comparison platforms: DailySpin and IppicaOnline. Industry veterans Eric Stoop, Jan Verrecas, John Roos, Gustaf Linder, and Niklas Lundström now join forces under their new company, DailySpin SL. The Platforms Will […]
Casino
August 22, 2024
The Star to Close Treasury Brisbane ahead of Queens Wharf’s Opening
The Star Entertainment Group Limited announced the closure of its Treasury Brisbane Casino property ahead of the launch of its new property in Brisbane. Treasury Brisbane Casino to Close As The Star prepares to open its Queens Wharf Brisbane property, it has been advised by the Office of Liquor and Gaming Regulations to cease the […]
Business
August 21, 2024
Analysts Optimistic over DraftKings’ Prospects with the Start of NFL Season
DraftKings stock is down 1.3% in 2024 due to stiff competition, higher taxes on sports betting, and concern over several recent gambling scandals that could damage the company’s public image. Although DraftKings stock underperformed this year, many analysts remain bullish regarding the prospects of the sports-betting company, considering the NFL season is around the corner. […]
Business
August 21, 2024
Wynn Appoints Max Tappeiner as Wynn Al Marjan President
Wynn Resorts has designated Max Tappeiner as the president of its Wynn Al Marjan Island property. Tappeiner, who is set to step into the office on September 1, 2024, will stand at the helm of the new resort, overseeing the company’s foray into the United Arab Emirates. Tappeiner Replaces Schoen In his new position, Tappeiner […]
Industry
August 21, 2024
Warner Bros. to Commit $8.5B to LV Studio, Should Nevada Pass SB 496
Warner Bros. Discovery (WBD) is planning to commit over $8.5 billion to lease and operate a movie studio in Nevada. This move, however, would depend on the passing of a film tax credit incentive bill. WBD’s commitment would see it team up with UNLV in order to lease and operate a studio built by Birtcher […]
Business
August 7, 2024
Super Group Posts Record Q2 Results Following US Exit
Super Group has published its financials for Q2 2024, outlining record-breaking revenues in the wake of its exit from the US market. Super Group Excels Following Its US Exit For Q2, the company reported revenue of €414.7 million ($453.2 million) marking an increase of 9% from €380.8 million in Q2 2023. The significant increase was […]
Business
August 7, 2024
ZEAL Publishes H1 Report, Highlighting Exceptional Results
ZEAL Network, Germany’s leading provider of lottery products, has published its H1 report, highlighting impressive financial success. As the company’s “strong growth path” continued, its group revenue increased by a whopping 40%. ZEAL’s H1 Metrics In the first half of 2024, ZEAL reported revenue of €76.8 million ($83.9 million), up 40% year-on-year. In addition to […]
