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Business
September 10, 2024
GiG Names HR Veteran Kevin Norville as Chief People Officer
Gaming Innovation Group (GiG) has tapped online casino veteran Kevin Norville as its new chief people officer. He will bring important experience to the team and will be tasked with overseeing the company’s overall human resources strategy. GiG Adds HR Powerhouse to C-Suite As mentioned, Norville is no stranger to the online gaming industry. His […]
Business
September 10, 2024
Penn CEO Snowden Purchases $850K Worth of Company Stock
Penn Entertainment CEO Jay Snowden remains confident in the company’s stock, despite its recent decline. To highlight his trust in the company, the executive expanded its stake in the operator, purchasing 54,200 more shares for approximately $1 million. Snowden Now Owns Almost a Million Shares The purchase was outlined in a recent Securities and Exchange […]
Business
September 9, 2024
Betsson May Fuel Strategic Realignment with Three €100M Bonds
Stockholm-listed operator Betsson AB announced it is considering issuing new EUR-denominated senior unsecured bonds with a three-year tenor. The potential issue, valued at EUR 100 million ($110.46 million) under a framework of EUR 250 million ($276.15 million), comes as part of the company’s broader financial strategy to refinance outstanding bonds and support general corporate purposes […]
Business
September 9, 2024
Entain Posts H2 Growth Update, Highlights Favorable Performance
Gambling giant Entain just published an update on its strategy and trading momentum, reporting progress into the second half of the year. The company highlighted its recent achievement, expressing confidence in results that have so far exceeded its expectations and optimism about the future of its business. The report’s release comes ahead of investor meetings […]
Sports
September 6, 2024
Casino Mogul Ira Lubert Donates $10M to Beaver Stadium Renovation
Ira Lubert, a prominent Penn State alumnus, trustee, and successful casino owner, has donated $10 million toward ongoing renovations at Beaver Stadium, Penn State’s iconic football field. The university announced the generous gift that will give Lubert and his family naming rights, honoring them through the planned Lubert Family Welcome Center. A Centerpiece Project Will […]
Poker
September 6, 2024
Rediscover the Thrill of Poker in Trapped, a New Graphic Novel
Poker commentator and stand-up comedian Joe Stapleton has launched a Kickstarter campaign for Trapped, a new poker-themed graphic novel. Described as a “Rounders meets Deadpool,” the comic will follow the story of a fictional counterpart to Stapleton. The comic was illustrated by Neil Gibson, who is an experienced comic book artist and founder of Twisted […]
Industry
September 6, 2024
Star Sports Eyes Sporting Index Acquisition amidst UK Competition Probe
In a potentially significant development for the UK betting landscape, Star Racing, a division of Star Sports, has announced it is looking to acquire Sporting Index from the bookmaker Spreadex. This move comes in response to the ongoing investigation by the UK’s Competition and Markets Authority (CMA) into the merger between Spreadex and Sporting Index […]
Business
September 6, 2024
DraftKings: Live Betting Improvements Are Key to Increased Market Share
DraftKings CEO Jason Robbins provided an insight into his company’s plans for the NFL season. According to him, his company might be able to catch up to FanDuel this season and cut into its competitors’ revenue share. DraftKings Hopes to Challenge FanDuel DraftKings and FanDuel have long exerted dominance over the US betting sector, competing […]
Business
September 6, 2024
New Jersey’s DGE Penalizes Borgata over Underpaid iGaming Taxes
New Jersey’s gambling regulators understood that the Borgata Hotel Casino & Spa, one of the biggest casinos in Atlantic City, has underpaid its iGaming taxes twice. The property, according to reports, did so by taking approximately $15 million more in credits than it was entitled to. Borgata Was Forced to Pay the Money It Owed […]
Business
September 5, 2024
Novig Launches Sweepstakes Platform in the US
Novig, an ambitious sweepstakes startup, has launched in 42 US markets and Washington DC. Despite the somewhat controversial nature of sweepstakes, the prediction operator hopes to disrupt the market with innovative content that doesn’t put customers at a disadvantage. Novig Makes Big Promises Novig’s nationwide launch hopes to channel thousands of players who have been […]
