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Gambling News - 'Business'
Business
August 30, 2024
BetMakers Posts FY 2024 Results, Highlights Reduction in Expenses
BetMakers Technology Group has published its financials for the 12-month period ended June 30, reporting an improvement in its operational discipline and a decline in expenses. The Company Reported a Reduction in Expenses Thanks to a “disciplined approach to its strategy,” BetMakers was able to improve its profitability, realizing significant material benefits. The company’s adjusted […]

Industry
August 29, 2024
Nevada Gaming Revenue Slips in July, but Experts Remain Optimistic
The most recent report by the Nevada Gaming Control Board (NGCB) shows GGR in the state settled at $1.3 billion in July of 2024, representing a 7% year-on-year drop in revenue. While this drop might sound like a red warning, some experts believe such a decrease should be perceived as seasonal rather than a part […]

Business
August 29, 2024
Rivalry Publishes Strong Q2 Results, Plans VIP and Crypto Investments
Rivalry, the leading sportsbook and iGaming operator for Gen Z, has published its financial report for the second quarter of the year, highlighting a jump in net revenue. The company attributed the favorable figures to its successful margin growth efforts. Rivalry Publishes Favorable Q2 Results In Q2, Rivalry handled CAD 87.8 million ($65.1 million) in […]

Business
August 29, 2024
DraftKings Enhances Micro-Betting Capabilities with Acquisition of Simplebet
Digital sports entertainment and gaming giant DraftKings, Inc. will significantly enhance its micro-betting capabilities by acquiring micro-market pricing and sports betting content company Simplebet. This strategic transaction will mark a significant evolution in DraftKings’ in-game wagering capabilities as it leverages Simplebet’s advances with machine learning algorithms. Live Betting Is the New Hot Thing in Sports […]

Industry
August 29, 2024
GambleAware Has Received £295K in RET Donations in Q1
GambleAware has published an update on the donations it received in the first quarter of the 2024/25 fiscal year. The period from April 2024 to June 2024 saw a total of £294,722.99 (approximately $388,000) in Research, Prevention, and Treatment (RPT) contributions. The Results Are In Line with Recent Years GambleAware, which relies on gaming industry […]
Business
August 29, 2024
Deutsche Bank Leads $4.3B Deal for Apollo’s Acquisition of Everi and PLC-IGT
Deutsche Bank AG is leading a $4.325 billion bond-and-loan offering to finance Apollo Global Management Inc.’s ambitious buyout of two big casino equipment suppliers. The deal represents one of the most pivotal mergers and acquisition moves in the gaming landscape this year, a sector where such high-profile deals are a rarity. Everi and PLC-IGT Will […]
Business
August 28, 2024
GiG Publishes Strong Q2 Results Ahead of Strategic Split
Gaming Innovation Group (GiG) has published its financial results for the second quarter of the year (Q2). While the Media division performed well, Platform & Sportsbook struggled to catch up. Gentoo Media Posted Record-Breaking Results According to GiG, its Media division reported all-time-high revenues of EUR 30.3 million ($33.7 million), marking an increase of […]
Business
August 28, 2024
Co-Founders Liberman and Robins Sell Over $10M of DraftKings Shares
DraftKings co-founders Paul Liberman and Jason Robins have collectively sold over $10 million worth of the company’s shares in the last few days. Liberman and Robins Sold Thousands of Shares Liberman, who serves as DraftKings’ president of global tech and product, sold 78,466 shares on Monday for approximately $3.15 million. The shares were sold in […]
Business
August 22, 2024
PointsBet Is Not Concerned About Changes to Ad Regulations
Gambling operator PointsBet is optimistic about its business in Australia despite the country’s mulled gambling ad restrictions. The company is certain that its business is in a position where it would be more or less unaffected by such a change. For context, the country is considering proposals to ban or at least significantly limit gambling […]
Industry
August 22, 2024
Golden Matrix Acquires Controlling Interest in Online Discount Platform
Golden Matrix Group, Inc. is an online platform, content developer, and licensor for social gaming. The company has announced the acquisition of an 80% controlling interest in Classics for a Cause Pty Ltd., or CFAC, in a strategic expansion into the consumer loyalty and rewards industry, which should synergize with its existing portfolio. GMGI Hopes […]