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Business
September 18, 2024
FDJ Secures Regulatory Approvals for Kindred Takeover, Sets Closing Date to October 2
La Française des Jeux (FDJ) is proceeding with its acquisition of Kindred Group. Having cleared all regulatory approvals, the former company provided a closing date for the deal. The French operator, however, must still secure additional approvals from Kindred’s investors. FDJ Will Close the Deal on October 2 The French group said that it has […]
Business
September 18, 2024
VGW Reports Stellar Profits Despite Market Setbacks
Laurence Escalante’s gaming powerhouse, Virtual Gaming Worlds (VGW), has maintained its upward trajectory, booking a net profit of $492 million for the year up to 30 June. This figure represents a 30% climb from last year as the operator realized a record revenue of $6.1 billion. Despite regulatory challenges in its US market, the business […]
Business
September 18, 2024
EveryMatrix Proposes to Acquire Fantasma Games in $21M Share Buyout
EveryMatrix, a provider of iGaming software, solutions, content and services, just announced a recommended public offer to acquire Fantasma Games by buying out its shares. By acquiring the latter firm, EveryMatrix hopes to dramatically increase its games output. Half of Fantasma Games’ Shareholders Are Already on Board The acceptance period for the offer is expected […]
Business
September 17, 2024
Bally’s Acquisition Steams Ahead, Avoiding FTC Scrutiny
Bally’s Corporation, a leading player in US gaming and entertainment, recently announced it has signed a definitive merger agreement with its largest shareholder, Standard General L.P. The deal, valued at $18.25 per share, appears poised to move forward without facing federal antitrust scrutiny, as the regulatory waiting period has expired without objections from the Federal […]
Business
September 17, 2024
Enteractive Onboards Former Evolution Account Manager as Head of Sales
Enteractive, a leading company that supplies the iGaming industry with player reactivation and retention, has made a new addition to its leadership team. The company announced that it had appointed the experienced Tim Vindehall as its new head of sales and vowed to leverage his experience to continue its growth trajectory. Enteractive Welcomes a Former […]
Business
September 17, 2024
Interblock Boosts Business with Majority Stake in Zuum
Interblock, a worldwide leading developer and supplier of Luxury Electronic Table Gaming (ETG) products, has acquired a majority stake in Zuum, a competitor company. This agreement was celebrated as a move that would enhance the former company’s portfolio significantly, allowing it to power its clients with many new solutions. The Two Businesses Complement Each Other […]
Industry
September 17, 2024
Weak Sports Betting Offsets New Jersey’s Strong Casino & iGaming Results in August
The New Jersey Division of Gaming Enforcement published its latest gaming revenue report, outlining the performance of the state’s gambling industry in August. The New Jersey industry’s metrics continued to grow as most verticals posted strong results. Sports betting, on the contrary, experienced a sharp decline. The Overall Revenue Increased Slightly The local casinos, racetracks […]
Industry
September 16, 2024
JMP Is Optimistic about Flutter’s Stake in Betnacional
JMP Securities analysts are optimistic about Flutter’s recent acquisition of a 56% stake in NSX Group, arguing that it would allow the latter company to drive strong synergies in Brazil. Flutter’s Brazil Bid Is In Line with the Company’s Strategy According to a NEXT.io report, JMP Securities believes that Brazil’s large population and ongoing sports […]
Business
September 16, 2024
BetMGM Becomes USA TODAY’s Preferred Online Sportsbook and Casino Partner
Online gaming and betting powerhouse BetMGM just unveiled a new multi-year partnership with Gannett, a diversified media company with expansive reach. BetMGM Will Supply the Network with Odds and Betting Info Under the agreement, BetMGM will become the preferred online sportsbook and casino partner for USA TODAY Sports. As a result, BetMGM will supply the […]
Business
September 16, 2024
Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move
Flutter Entertainment, the parent company of brands like Paddy Power and Betfair, is reportedly nearing the conclusion of a milestone £2 billion acquisition of the consumer operations arm of Playtech, one of the leading gambling technology providers. The acquisition signals Flutter’s ongoing commitment to expanding its global influence and portfolio. Playtech Will Focus on Its […]
