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Business
June 11, 2024
Relay Confirms Closing of $35M Series B Funding Round
The leading cloud-based technology platform that plans to revolutionize and improve frontline communications for industries from hospitality to healthcare and education, Relay, announced the closing of a new funding round. On Monday, the company confirmed it completed a $35 million Series B funding round that was led by G2 Venture Partners. In addition to G2 […]
Industry
June 11, 2024
FanDuel Dominates Virginia Mobile Sports Betting Market
April saw FanDuel solidify its position as the dominant force in Virginia’s mobile sports betting landscape. The leading sportsbook reached another milestone by surpassing $700 million in all-time revenue. Data obtained through a Freedom of Information Act request to the Virginia Lottery revealed that FanDuel continues to lead the market with impressive performance metrics. FanDuel’s […]
Industry
June 10, 2024
NY Betting Handle Exceeds $200M Once Again
The New York State Gaming Commission has published a new financial update on the state’s sports betting industry. According to official data, the monthly wagering GGR exceeded $200 million for the second time ever. As mentioned, GGR stood at approximately $200 million, marking the second time New York has pulled off such a feat. For […]
Industry
June 10, 2024
Maine’s Betting Handle Grows, Revenue Continues to Decline
Maine published data about the financial performance of its sports betting industry in May, posting a decline in revenue in spite of an increase in betting handle. In total, sports bettors spent $39.9 million on sports wagers in May. This represents a 4.2% month-on-month increase from the figures posted in April. Despite the increase, sports […]
Industry
June 10, 2024
Yggdrasil Adds Hungrybear to YGG Masters Program
Yggdrasil, a leading publisher of iGaming content, has added the innovative slot developer Hungrybear to its YGG Masters program. The new addition will expand the program, allowing players to experience slot gaming in a new way. As part of the YGG Masters program, Hungrybear will create the first real-money gaming version of Slot Masters, Hungrybear’s […]
Business
June 5, 2024
Reimblad Exits Kindred, Colley to Serve as Interim Director of Sportsbook
Kindred Group is parting ways with its director of sportsbook, Andreas Reimblad. Having served the company for over 16 years, Reimblad will now explore new options. In a post on LinkedIn, Reimblad explained that his departure comes ahead of a “new and exciting opportunity.” Reimblad remarked that the Euro 2024 would mark his 8th major […]
Industry
June 5, 2024
Allwyn Parent KKGC Cuts Ties with Russia
KKGC, an investment fund owned by Czech billionaire Karel Komárek, announced its intentions to cut its ties with Russian energy corporation Gazprom. This would mean that Allwyn, one of KKGC’s subsidiaries, will no longer have indirect ties with Russia. Allwyn took over the UK National Lottery recently after being selected as Camelot’s successor by the […]
Business
June 5, 2024
Yolo Group Taps Ex-Flutter Specialist as Chief Product Officer
Yolo Group has enhanced its leadership team with another noteworthy appointment, naming the experienced Ashley-Christian Hardy as its new chief product officer. Boasting years of experience at gaming companies, Hardy will now be responsible for the group’s product growth initiatives. As mentioned, the new hire boasts years of product experience and is the founder of […]
Business
June 5, 2024
DraftKings Arrives on BofA’s US 1 List Despite Slight Dip in Stock Price
Over the last month, a decrease was observed in DraftKings’ stock price. Trading at $35.52 as of the market close on Tuesday, the price marked a 19.40% decrease in the last month alone. Despite the weak performance, DraftKings was recently added to the Bank of America’s US 1 List, a list that gathers some of […]
Business
June 4, 2024
Crown Resorts Names Borghetti Chair as McBeath Steps Down
Australian casino and hospitality giant Crown Resorts announced that its board of directors has designated the experienced John Borghetti as its new chairman. The appointment follows William McBeath’s recent decision to step down as chair and instead focus on his NED responsibilities. McBeath was named chair in July 2022, shortly after the company was acquired […]
