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Business
September 26, 2024
Star Entertainment’s Financial Struggles Continued in FY 2024
The Star Entertainment Group published its financials for the fiscal year, reporting a continued decline amid business and regulatory headwinds. However, the company management remains focused on demonstrating its compliance and generating shareholder value. The Star’s Financials Were Suboptimal Star Entertainment reported FY 2024 revenue of almost AUD 1.7 billion ($1.17 billion). This figure represented […]
Business
September 25, 2024
Polymarket Seeks $50M in Funding, Plans to Launch In-House Crypto Token
Crypto betting specialist Polymarket is reportedly seeking additional funding ahead of the US presidential election. The report further suggests that the company is considering launching its own crypto token. Polymarket Seeks to Enhance Its Business Ahead of the Election According to The Information, a technology news outlet, Polymarket hopes to acquire some $50 million in […]
Business
September 24, 2024
WA.Technology Unveils Ambitious Acquisition of Onseo
WA. Technology, a leading platform provider within the iGaming industry, will be acquiring technology developer Onseo in a reportedly multi-million euro deal. While the exact terms of the deal remain undisclosed, industry insiders agree that this ambitious move could lead to significant long-term gains for WA.Technology, solidifying the company’s presence in a highly promising jurisdiction. […]
Business
September 23, 2024
B. Riley Lowers Golden Entertainment Expectations, Maintains Buy Rating
B. Riley has lowered its score for Golden Entertainment slightly while still maintaining a “buy” rating. The new outlook led to an immediate slump in the gambling company’s share price. The Operator’s Business Suffered Because of the Hot Summer As mentioned, B. Riley reduced its estimates on the company, lowering CY24E EBITDA by 4% and […]
Business
September 23, 2024
EveryMatrix Adds Kevin Furlong as Chief Product Officer
iGaming software, solutions, content and services developer EveryMatrix has enhanced its leadership team with a new appointment. This latest C-suite appointee is the experienced Kevin Furlong who has been named as the group’s chief product officer. The Hire Will Help the Company Roll Out More Great Products According to EveryMatrix, Furlong will be tasked with […]
Business
September 23, 2024
Betfred to Exit Arizona in November as US Downsizing Continues
Betfred is continuing the downsizing of its American business, which is in line with the company’s earlier announcements. The operator has now confirmed that it will leave Arizona before the end of the year. Betfred to Put an End to Its Operation in the Grand Canyon State On Thursday, Betfred said that it will exit […]
Industry
September 20, 2024
Brazilian Banks Are Wary of the Rapid Rise of Betting
Brazil sports fans continue to bet hard as the country prepares to launch regulated betting in January. While this trend has attracted a lot of interest from international operators wishing to invest in Brazil, experts are concerned that it would divert funds from spending in other areas. People Are Spending More on Gambling Than Before […]
Business
September 20, 2024
The End of an Era: Freehold Raceway to Close on December 28
Freehold Raceway, the oldest horse racing track in the United States, will be closing its doors, marking the end of an era. While the decision to shut down the track was difficult, officials said that its operation cannot continue under the current conditions. The Closure Will Mark the End of an Era Freehold Raceway is […]
Industry
September 20, 2024
Evoke Apologizes for Tone-Deaf Social Media Comment about Exploding Pagers
Following the pager explosions in Lebanon, Evoke’s Israeli social media account posted a very questionable vacancies advert. The Exploding Pagers and Walkie-Talkies Hurt Thousands of People Several days ago, thousands of handheld pagers and walkie-talkies used by the Lebanese organization Hezbollah exploded. The incident had been set up by Israeli intelligence, which intercepted the shipment […]
Business
September 19, 2024
Ainsworth Forays into Ontario’s Charitable Gaming Market
Ainsworth Game Technology (AGT) announced that it had made a foray into Ontario’s charitable gaming market. The company shared that it has successfully installed its first Cabinet Bingo Games in a gaming hall in Toronto. Over a Dozen Games Have Been Installed According to the announcement, AGT installed 14 Cabinet Bingo Games at Delta Bingo […]
