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Gambling News - 'Business'
Business
July 23, 2024
EveryMatrix’s Q2 Report Highlights Record Quarterly Profit Margin
Leading iGaming tech supplier EveryMatrix has posted its Q2 results, reporting its highest-ever quarterly profit margin. The tier-1 provider announced that its revenue for the period stood at EUR 42.4 million ($46 million) across all products, marking and increase of 57% year-on-year. In addition, the company set an all-time-high profit margin of 59%. According to […]
Business
July 19, 2024
Evolution Reports Mixed Q2 Results Amidst Strategic Shift
Live casino giant Evolution has reported mixed results for Q2 2024, reflecting high growth in its live segment but slow performance in its RNG division. Despite rising investor uncertainty following the report, Evolution CEO Martin Carlesund remained optimistic, highlighting several positive developments that should lead to long-term gains and cement the company’s leadership position. Many […]
Business
July 19, 2024
Evolution to Acquire Galaxy Gaming in an $85M Deal
Gaming and entertainment company Evolution has set out to acquire Galaxy Gaming, a leading developer of casino games and technology. As agreed by the two companies, the former will acquire the latter for a total of $85 million, to be paid in cash. As a leader in the development and distribution of unparalleled casino experiences […]
Industry
July 17, 2024
New Jersey Announces June 2024 Gaming Industry Results
The New Jersey Division of Gaming Enforcement (DGI) released its newest gambling industry financial report for June 2024. The total gaming revenue for New Jersey’s nine casino hotel properties settled at $244.1 million, a modest increase of 1.0% compared to $241.6 million reported in June 2023. Year-to-date win stood at $1.36 billion, consistent with last […]
Casino
July 17, 2024
Jamul Casino Hotel Tower Project Nears Completion
The Jamul Indian Village Development Corporation (JIVDC), a wholly-owned enterprise of the Jamul Indian Village Tribe, celebrated another monumental step in the construction of Jamul Casino’s new 16-story hotel tower with a topping-off ceremony that included the placement of the final beam onto the structure. This milestone will set the stage for a spring 2025 […]
Casino
July 16, 2024
Petersburg Casino Project Maintains Momentum
It only took the Petersburg City Council two and a half minutes to unanimously approve a move asking the Petersburg Circuit Court to sanction a referendum to bring casino gaming to the city. The decisive 7-0 vote occurred Monday morning, marking another vital milestone in the high-profile casino project’s path to fruition. City Officials Wasted […]
Business
July 16, 2024
SkyCity’s New CEO Steps into the Office, New CFO Named
SkyCity Entertainment Group announced on July 15 that its newly designated chief executive officer has stepped into the office. Jason Walbridge, who was selected as the next CEO in April, succeeded Julian Cook, who transferred to a directorial role. In the meantime, Callum Mallett stepped down from the role of interim chief executive officer. Mallet […]
Business
July 15, 2024
The Star Makes C-Suite Appointments, Reports Systems Disruption
Australian casino and hospitality leader The Star Entertainment Group announced new appointments to its C-suite. In an ASX update, the gambling company announced that it has appointed an interim group chief financial officer, as well as a new chief executive officer of it’s the Star Sydney property. As per the announcement, Neale O’Connell will now […]
Casino
July 15, 2024
Smart Chip Tray Creator Pushes Forward Despite the Setbacks
Darrell Ratliff, the developer of the innovative Smart Chip Tray, continues his efforts to cement his product as a staple at casinos despite all the difficulties he continues facing. A former US Marine, Ratliff hopes to leverage his product to eliminate cheating at casinos while reducing costs for gambling properties. The Smart Chip Tray uses […]
Business
July 12, 2024
ComplianceOne Reportedly Enters Insolvency Due to Financial Difficulties
ComplianceOne Group, a provider of compliance solutions to gambling operators, is entering insolvency, according to NEXT.io. The company’s chief executive attributed the development to the fact that his company had failed to secure enough contracts. CEO Antonio Zanghi told NEXT.io that his team will no longer be able to meet its financial obligations due to […]