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Business
October 23, 2024
BetMGM Enters Third European Market with Swedish Launch
MGM Resorts subsidiary LeoVegas Group announced that it has launched its “international hero brand” BetMGM in Sweden, expanding its global footprint. The move aligns with the group’s ambition to scale the brand in Europe and usher in a “golden era” for the iGaming sector. A Golden Era for Swedish iGaming Sweden has become the third […]
Business
October 23, 2024
Kindred to Boost Harm Detection as High-Risk Revenue Rises
Kindred Group published its latest Journey Towards Zero report, highlighting a slight increase in its share of revenue coming from high-risk players. As a result, the online operator expressed its commitment to further improving its detection and intervention systems. Kindred’s High-Risk Revenue Increased Slightly in Q3 In the third quarter of 2024, the company’s gross […]
Legal
October 22, 2024
Curaçao Master Licensee Cyberluck Declared Bankrupt
Cyberluck continues to face serious trouble in Curaçao and is once again under fire by the Foundation for the Protection of the Interests of Victims of Online Gambling. The Court Declared the Operator Bankrupt The Court of First Instance of Curaçao has declared online gambling operator Cyberluck bankrupt. The company was one of the four […]
Casino
October 21, 2024
MGM and Marriott to Launch First W Hotels Property on the Strip
Casino & hospitality giants MGM Resorts International and Marriott International have unveiled plans to bring the W Hotels brand to the Vegas Strip. To that end, one of MGM’s local properties will be converted to the brand, in line with the two companies’ existing partnership. MHM Expands Its Collaboration with Marriott The conversion should be […]
Casino
October 21, 2024
Ellis Island Casino to Expand as Formula 1 Lawsuit Continues
Ellis Island Casino, Hotel & Brewery, a family-run gambling venue in Las Vegas, is preparing to greatly enhance its property. While its owners remain embroiled in a lawsuit against the Formula One Group, they remain bullish on making the casino more attractive than ever. The Most Ambitious Expansion in the Casino’s History The upgrade was […]
Business
October 21, 2024
XLMedia to Sell US Assets to Sportradar, Plans to Delist by May
Sports and gaming digital media company XLMedia has agreed to sell its remaining business in North America to Sportradar, a Switzerland-based sports data specialist. This conditional agreement will see the rest of XLMedia’s NA business transferred to Sportradar for $30 million in cash. XLMedia Failed to Achieve Its Goals in America According to XLMedia, the […]
Business
October 18, 2024
Evoke Abandons the USA in Favor of European Markets
Evoke plc, the global gambling company formerly known as 888 Holdings, continues downsizing its US operations to focus on European markets. The group recently shuttered its SI Sportsbook business in Colorado, a deal regarded as the latest step in its strategic retreat from North America. Recent financial results indicate that this decision might have merit, […]
Business
October 18, 2024
Entain Excels in Brazil But Executives Expect Growth to Slow Down
Entain, which just published its Q3 trading update, which highlighted favorable results, including the company’s rapid growth in Brazil. In the company’s earnings call, however, the company’s leadership suggested that this growth is likely to slow down a bit following the launch of Brazil’s regulated sports betting market. Entain Is No Longer Experiencing Regulatory Drag […]
Business
October 18, 2024
Dabble Considers Going Public to Take Its Growth to the Next Level
Dabble, a revolutionary social betting platform in Australia and a daily fantasy sports operator in the US, is said to be considering the next stage of its growth. An initial public offering (IPO) and sale of the business seem to be on the table. Dabble Is Considering Nasdaq or ASX IPO According to a reports, […]
Business
October 18, 2024
FDJ Posts YTD Results as Moody’s Reiterates Good ESG Rating
La Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion” with a diversified and balanced profile. FDJ reported year-to-date revenue of EUR 2.01 billion ($2.18 […]
