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Business
July 8, 2024
Raketech to Divest Non-Core US Advisory Business in $2.25M Deal
Raketech, a leading online affiliate and content marketing company, announced that it has struck a deal to sell its non-core US advisory business. The business, ATS Consultants, was originally acquired in 2021 but deemed to be non-core to the group. Raketech’s US advisory business in question consisted of several high-value lead-generating sports tipster websites which […]
Business
July 8, 2024
Gambless App to Be Phased Out Because of Insufficient Backing
Gambless, an application providing help to people struggling with their gambling, will be gradually phased out after four years in service. With a heavy heart, the company announced the closure of the app, which was launched in 2020 and has so far assisted more than 20,000 people struggling with addiction. According to Gambless, the mobile […]
Casino
July 5, 2024
Rivers Casino Pittsburgh Wraps Up Renovation in Time for Its Anniversary
Rivers Casino Pittsburgh has completed its refurbishment just in time for its 15th anniversary. The renovations cost Rush Street Gaming, the property’s owner, some $6.6 million and are are line with the company’s desire to cement the Pennsylvanian casino resort as a leading destination for tourism and gaming. The investment was primarily focused on improving […]
Business
July 5, 2024
Kambi Withdraws 2027 Financial Targets amid Market Uncertainties
Kambi Group plc’s Board of Directors has withdrawn its previously announced 2027 financial targets, citing slower-than-expected regulatory progress in key markets as a primary reason. The decision follows a comprehensive review initiated in February, which reassessed the company’s progress in its core jurisdictions, challenging the assumptions that shaped its January 2023 financial targets. This Downturn […]
Industry
July 3, 2024
US iGaming Revenues Grow as States Report Favorable May Figures
Gambling companies in the seven states where iGaming is legal have generated a total of $634.8 million in GGR for May, highlighting the industry’s growth. The reported figure marks an increase of 27.6% from May 2023. May 2024 was notably the second most profitable month in the history of US iGaming, second only to March […]
Business
July 3, 2024
Relax Gaming Names Kirsten O’Neill as Second-Ever CFO
Relax Gaming, a leading iGaming aggregator and content supplier, announced that it has named the experienced Kirsten O’Neill as its new chief financial officer. Having joined the company in 2021, the appointee will now assume responsibility for the company’s finances. O’Neill originally served as group finance manager, leveraging her experience to sort out financial matters […]
Business
July 3, 2024
EBET Likely to Close as It Prepares to Sell Its Brands via Auction
EBET is preparing to shut down and sell its brands, marking the end of an era. Unfortunately, the company failed to navigate the highly competitive iGaming market and defaulted on debt owed to its creditors. In June 2023, EBET defaulted on the debt it owed to CP BF Lending. Despite attempting to cut costs, reduce […]
Business
July 2, 2024
EveryMatrix’s DeepCI Rebrands to PartnerMatrix Intelligence
EveryMatrix announced that its DeepCI global affiliate intelligence platform has rebranded to PartnerMatrix Intelligence. Now boasting a new identity, the subsidiary will continue its quest to create an all-in-one affiliate management and data tracking powerhouse. EveryMatrix originally acquired DeepCI a year ago, aiming to offer a superior customer experience through the latter company’s data-driven capabilities. […]
Business
July 2, 2024
Flutter Bolsters Leadership with Two New Non-Executive Directors
Flutter Entertainment announced that its Board of Directors had appointed Robert R. Bennett (“Dob”) and Christine M. McCarthy as non-executive directors, effective immediately. Bennett will join the Risk and Sustainability Committee, while McCarthy will be part of the Audit Committee. These appointments align with Flutter’s recent drive to bolster its leadership core. The Company Gains […]
Business
July 2, 2024
BlueBet Exits Indiana, Initiates Review of US Assets
BlueBet has decided to pull out from the Indiana market amid various setbacks. In addition, the betting operator has initiated a strategic review of its operations in the United States. BlueBet originally entered the Indiana wagering sector through an agreement with Caesar Entertainment’s Horseshoe Hammond property. However, the Australian operator opted to cancel the deal, […]
