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Business
October 31, 2024
Crown Resorts Names Veteran IR Executive David Tsai as CEO
Australian casino and hospitality giant Crown Resorts announced the appointment of a new chief executive officer. The appointee will step into the office amid the business’ recovery in the wake of regulatory scrutiny. A Proven IR Executive Joins Crown as CEO As announced by Crown Resorts’ board of directors, it has selected David Tsai as […]
Business
October 31, 2024
MGM Posts Record Q3 Metrics, Reports Share-Buyback Progress
MGM Resorts International posted its Q3 report, outlining record-breaking revenue figures. The quarter also saw MGM make progress with its share buyback program. The Company’s Metrics Surged In the third quarter of the year, the international casino and hospitality powerhouse reported record-breaking results, underpinned by high hotel occupancy. Consolidated net revenues hit $4.2 billion, marking […]
Business
October 30, 2024
Better Collective Cuts Team Due to Business Struggles
Jesper Søgaard, Better Collective’s co-founder and chief executive officer, announced his company’s plans to part ways with some of its team members. This difficult decision came amid the company’s recent cost base adjustment and financial targets downgrade. Emotional Days for the Company Søgaard described the past few days as “emotional,” adding that he regrets to […]
Business
October 30, 2024
DraftKings Announces New Jersey Layoffs Amidst Problem Gambling Concerns
DraftKings announced plans to lay off 101 employees in New Jersey, attributed to the company’s decision to shut down its live dealer studio in Atlantic City. It is yet unknown whether this downsizing will affect the company’s gambling harm prevention team, as New Jersey officials recently raised significant concerns regarding rising addiction rates in the […]
Business
October 30, 2024
Glitnor Group to Expand European Footprint via OneCasino Acquisition
Glitnor Group, an up-and-coming iGaming company, announced that it has signed an agreement to acquire OneCasino, a leading online casino operator with a strong presence in Spain, Denmark and the Netherlands. The Deal Is Set to Close in 2025 According to the announcement, Glitnor penned a share purchase agreement with OneCasino and will acquire the […]
Business
October 30, 2024
Caesars Q3 Impacted by Competition and Market Headwinds
Caesars Entertainment has published its financial report for the third quarter of 2024 (Q3) and has highlighted a slight decline in the company’s performance. The operator’s assets in Las Vegas and other US regions recorded suboptimal year-to-date metrics amid market headwinds. The Company’s Regional Business Was Impacted by Headwinds Caesars’ net revenue for the period […]
Business
October 30, 2024
Caesars Closes WSOP Brand Sale, Transfers Rights to NSUS
Caesars Entertainment confirmed that it has closed the sale of its intellectual property rights for the World Series of Poker brand. The historic transaction will retain Caesars right to host WSOP events but will see the brand rights transferred to NSUS Group. Caesars Will Retain Some Rights As previously announced, the WSOP brand rights will […]
Business
October 29, 2024
Tekkorp Appoints African Partner as It Doubles Down on the Region
Tekkorp Capital, a major gaming investor and advisor, is doubling down on its efforts in Africa as it seeks to unlock the region’s potential. To that end, the firm appointed a new Africa partner who will spearhead its investment ambitions in the region. O’Donovan Will Spearhead Tekkorp’s Expansion in Africa The one up to the […]
Business
October 28, 2024
EasyJet Owner Bets on Gambling in Latest Business Venture
Stelios Haji-Ioannou, the billionaire behind the famous EasyJet airline group, has forayed into the world of online sports betting with an Easy-branded sportsbook. To that end, the entrepreneur has teamed up with an offshore gambling firm that has formerly had trouble with the United Kingdom’s Gambling Commission. EasyBet Will Complement the Easy Portfolio As reported […]
Business
October 24, 2024
Betsson Posts Strong Q3 Results, Looks Forward to Favorable FY Report
Betsson has published its interim report for the third quarter of the year, posting record-breaking revenue levels ahead of its launch in Brazil’s regulated market. Betsson’s Q3 Was Underpinned by High Activity in Key Markets Betsson reported group revenue of EUR 280.1 million ($302.6 million) for the period, representing an increase of 18% from EUR […]
