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Business
October 30, 2024
DraftKings Announces New Jersey Layoffs Amidst Problem Gambling Concerns
DraftKings announced plans to lay off 101 employees in New Jersey, attributed to the company’s decision to shut down its live dealer studio in Atlantic City. It is yet unknown whether this downsizing will affect the company’s gambling harm prevention team, as New Jersey officials recently raised significant concerns regarding rising addiction rates in the […]
Business
October 30, 2024
Glitnor Group to Expand European Footprint via OneCasino Acquisition
Glitnor Group, an up-and-coming iGaming company, announced that it has signed an agreement to acquire OneCasino, a leading online casino operator with a strong presence in Spain, Denmark and the Netherlands. The Deal Is Set to Close in 2025 According to the announcement, Glitnor penned a share purchase agreement with OneCasino and will acquire the […]
Business
October 30, 2024
Caesars Q3 Impacted by Competition and Market Headwinds
Caesars Entertainment has published its financial report for the third quarter of 2024 (Q3) and has highlighted a slight decline in the company’s performance. The operator’s assets in Las Vegas and other US regions recorded suboptimal year-to-date metrics amid market headwinds. The Company’s Regional Business Was Impacted by Headwinds Caesars’ net revenue for the period […]
Business
October 30, 2024
Caesars Closes WSOP Brand Sale, Transfers Rights to NSUS
Caesars Entertainment confirmed that it has closed the sale of its intellectual property rights for the World Series of Poker brand. The historic transaction will retain Caesars right to host WSOP events but will see the brand rights transferred to NSUS Group. Caesars Will Retain Some Rights As previously announced, the WSOP brand rights will […]
Business
October 29, 2024
Tekkorp Appoints African Partner as It Doubles Down on the Region
Tekkorp Capital, a major gaming investor and advisor, is doubling down on its efforts in Africa as it seeks to unlock the region’s potential. To that end, the firm appointed a new Africa partner who will spearhead its investment ambitions in the region. O’Donovan Will Spearhead Tekkorp’s Expansion in Africa The one up to the […]
Business
October 28, 2024
EasyJet Owner Bets on Gambling in Latest Business Venture
Stelios Haji-Ioannou, the billionaire behind the famous EasyJet airline group, has forayed into the world of online sports betting with an Easy-branded sportsbook. To that end, the entrepreneur has teamed up with an offshore gambling firm that has formerly had trouble with the United Kingdom’s Gambling Commission. EasyBet Will Complement the Easy Portfolio As reported […]
Business
October 24, 2024
Betsson Posts Strong Q3 Results, Looks Forward to Favorable FY Report
Betsson has published its interim report for the third quarter of the year, posting record-breaking revenue levels ahead of its launch in Brazil’s regulated market. Betsson’s Q3 Was Underpinned by High Activity in Key Markets Betsson reported group revenue of EUR 280.1 million ($302.6 million) for the period, representing an increase of 18% from EUR […]
Business
October 23, 2024
BetMGM Enters Third European Market with Swedish Launch
MGM Resorts subsidiary LeoVegas Group announced that it has launched its “international hero brand” BetMGM in Sweden, expanding its global footprint. The move aligns with the group’s ambition to scale the brand in Europe and usher in a “golden era” for the iGaming sector. A Golden Era for Swedish iGaming Sweden has become the third […]
Business
October 23, 2024
Kindred to Boost Harm Detection as High-Risk Revenue Rises
Kindred Group published its latest Journey Towards Zero report, highlighting a slight increase in its share of revenue coming from high-risk players. As a result, the online operator expressed its commitment to further improving its detection and intervention systems. Kindred’s High-Risk Revenue Increased Slightly in Q3 In the third quarter of 2024, the company’s gross […]
Legal
October 22, 2024
Curaçao Master Licensee Cyberluck Declared Bankrupt
Cyberluck continues to face serious trouble in Curaçao and is once again under fire by the Foundation for the Protection of the Interests of Victims of Online Gambling. The Court Declared the Operator Bankrupt The Court of First Instance of Curaçao has declared online gambling operator Cyberluck bankrupt. The company was one of the four […]
