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Gambling News - 'Business'
Casino
July 5, 2024
Rivers Casino Pittsburgh Wraps Up Renovation in Time for Its Anniversary
Rivers Casino Pittsburgh has completed its refurbishment just in time for its 15th anniversary. The renovations cost Rush Street Gaming, the property’s owner, some $6.6 million and are are line with the company’s desire to cement the Pennsylvanian casino resort as a leading destination for tourism and gaming. The investment was primarily focused on improving […]
Business
July 5, 2024
Kambi Withdraws 2027 Financial Targets amid Market Uncertainties
Kambi Group plc’s Board of Directors has withdrawn its previously announced 2027 financial targets, citing slower-than-expected regulatory progress in key markets as a primary reason. The decision follows a comprehensive review initiated in February, which reassessed the company’s progress in its core jurisdictions, challenging the assumptions that shaped its January 2023 financial targets. This Downturn […]
Industry
July 3, 2024
US iGaming Revenues Grow as States Report Favorable May Figures
Gambling companies in the seven states where iGaming is legal have generated a total of $634.8 million in GGR for May, highlighting the industry’s growth. The reported figure marks an increase of 27.6% from May 2023. May 2024 was notably the second most profitable month in the history of US iGaming, second only to March […]
Business
July 3, 2024
Relax Gaming Names Kirsten O’Neill as Second-Ever CFO
Relax Gaming, a leading iGaming aggregator and content supplier, announced that it has named the experienced Kirsten O’Neill as its new chief financial officer. Having joined the company in 2021, the appointee will now assume responsibility for the company’s finances. O’Neill originally served as group finance manager, leveraging her experience to sort out financial matters […]
Business
July 3, 2024
EBET Likely to Close as It Prepares to Sell Its Brands via Auction
EBET is preparing to shut down and sell its brands, marking the end of an era. Unfortunately, the company failed to navigate the highly competitive iGaming market and defaulted on debt owed to its creditors. In June 2023, EBET defaulted on the debt it owed to CP BF Lending. Despite attempting to cut costs, reduce […]
Business
July 2, 2024
EveryMatrix’s DeepCI Rebrands to PartnerMatrix Intelligence
EveryMatrix announced that its DeepCI global affiliate intelligence platform has rebranded to PartnerMatrix Intelligence. Now boasting a new identity, the subsidiary will continue its quest to create an all-in-one affiliate management and data tracking powerhouse. EveryMatrix originally acquired DeepCI a year ago, aiming to offer a superior customer experience through the latter company’s data-driven capabilities. […]
Business
July 2, 2024
Flutter Bolsters Leadership with Two New Non-Executive Directors
Flutter Entertainment announced that its Board of Directors had appointed Robert R. Bennett (“Dob”) and Christine M. McCarthy as non-executive directors, effective immediately. Bennett will join the Risk and Sustainability Committee, while McCarthy will be part of the Audit Committee. These appointments align with Flutter’s recent drive to bolster its leadership core. The Company Gains […]
Business
July 2, 2024
BlueBet Exits Indiana, Initiates Review of US Assets
BlueBet has decided to pull out from the Indiana market amid various setbacks. In addition, the betting operator has initiated a strategic review of its operations in the United States. BlueBet originally entered the Indiana wagering sector through an agreement with Caesar Entertainment’s Horseshoe Hammond property. However, the Australian operator opted to cancel the deal, […]
Business
July 1, 2024
Werner Becher to Succeed Kristian Nylén as Kambi’s CEO
Kambi Group has appointed Werner Becher, an experienced gambling industry veteran, as its new chief executive officer. Set to replace the outgoing Kristian Nylén in late July, Becher will bring a wealth of experience, setting Kambi up for future success. The appointee is an industry powerhouse who has formerly served a variety of noteworthy companies. […]
Industry
June 28, 2024
Tribal Gaming Soars to New Heights with Record Revenues
A recent landmark announcement at the Wisconsin Gaming Regulators Association Summer Conference in Green Bay, Wisconsin, saw National Indian Gaming Commission (NIGC) acting chairwoman Sharon M. Avery and vice-chair Jeannie Hovland reveal that the gaming revenue for fiscal year (FY) 2023 has reached an all-time high. These results mark a positive trend for the sector, […]