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Gambling News - 'Business'
Industry
January 24, 2025
NOGA Bids Farewell to Interim Director Eric Konings
The Dutch Online Gambling Association (NOGA), a Dutch trade association for gambling providers, that strives for a well-regulated, attractive and safe online gambling market, announced that it will be parting ways with its acting director. Konings Will Not Extend His Term According to the NOGA’s announcement, Eric Konings, who has held the position of interim […]
Industry
January 23, 2025
Betty Bolsters Global Growth via Franchise Model
Female-focused online casino operator Betty has pioneered an innovative strategy for franchise-style expansion as it seeks to expand its operations across regulated jurisdictions. Its novel approach to localizing operations aligns with the company’s ambitions to become “McDonald’s of iCasino,” leveraging a standardized yet adaptable international expansion model. Decentralization Brings Substantial Benefits Betty introduced its vision […]
Industry
January 23, 2025
Aviator Developer SPRIBE Pens New Deal with UFC, WWE
SPRIBE, a leading developer of iGaming content, has unveiled multi-year partnership agreements with UFC and WWE. These deals will promote the provider’s brand, allowing it to expand its visibility in the world of professional combat sports and entertainment. The Provider Struck a Major Deal According to the announcement, SPRIBE’s founder and chief executive officer, David […]
Casino
January 23, 2025
Culinary Union Secures Contract with Virgin Hotels, Ends Strike
The Culinary Workers Union Local 226 has finally struck a deal with Virgin Hotels Las Vegas, ending a months-long strike. The off-Strip property was embroiled in this conflict for quite some time following the expiration of its previous contract with the union. The End of a Long Battle The Culinary Union’s previous contract with Virgin […]
Business
January 23, 2025
Super Group’s Shares Soar After Optimistic Preliminary 2024 Report
Online gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures. Q4 Was a Strong Period for the Business Super Group, which operates the famous gaming brands Betway and Spin, was thrilled to announce that […]
Business
January 22, 2025
NOVOMATIC Sets Out to Acquire Vikings Casinos
NOVOMATIC announced that it has penned an agreement to acquire Vikings Casinos SAS, a French casino group. The deal is in line with NOVOMATIC‘s ambitious growth strategy and would expand its presence in Europe. NOVOMATIC Targets International Growth As announced by NOVOMATIC, the acquisition is still subject to certain regulatory conditions and approvals. If permitted, […]
Business
January 22, 2025
Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]
Business
January 21, 2025
MGM China Unveils Salary Increase for 99% of Its Workforce
MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]
Lottery
January 21, 2025
IGT Signs 10-Year Deal to Supply Solutions to Luxembourg’s Lottery
IGT, a leader in the provision of gaming content and tech to operators, has unveiled a new contract with the national lottery of Luxembourg, Loterie Nationale. Per the agreement, the supplier will power the lottery’s operation with cutting-edge technology and games. IGT Powers the Luxembourg Lottery with Its Technology According to the announcement, the new […]
Industry
January 21, 2025
UK Auditing Regulator to Investigate KPMG’s Audit of Entain
The Financial Reporting Council (FRC) of the United Kingdom, an independent regulator responsible for auditors, accountants and actuaries, has launched an investigation into KPMG’s audit of Entain’s financials. The probe comes amid KPMG’s shaky reputation in the wake of recent scandals. FRC to Investigate the 2022 Audit As confirmed by the FRC, the body has commenced […]