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Gambling News - 'Business'
Business
June 4, 2024
GiG Designates Phil Richards as CFO of Platform & Sportsbook
Gaming Innovation Group (GiG) has announced a significant addition to its C-suite, naming the experienced Phil Richards as the new chief financial officer for Platform & Sportsbook. The latest addition is in line with the ongoing strengthening of the division’s senior executive team under the guidance of CEO Richard Carter. GiG described the appointee as […]
Business
June 3, 2024
GiG to Acquire Casinomeister in a $3.25M Deal
Gaming Innovation Group, a leading gambling affiliate and iGaming platform provider, has announced its strategic acquisition of Casinomeister, a casino advocacy and review platform. The new acquisition will reinforce GiG’s business, cementing its commitment to providing better player services to its iGaming partners. According to the announcement, GiG will purchase Casinomeister in a €3 million […]
Business
May 31, 2024
Kaizen Enhances Leadership with Two Major Appointments
Kaizen Gaming, a leading global GameTech operator, has unveiled a major leadership addition. According to the company, Aris Dimarakis, its chief operating officer, will now also undertake the role of deputy chief executive officer. According to Kaizen Gaming, Dimarakis will step into the office on June 1, 2024. As the company’s chief operating officer, Dimarakis […]
Casino
May 29, 2024
Harrah’s Cherokee Valley River Unveils Milestone Expansion
Harrah’s Cherokee Valley River has unveiled a 25,000 sq. ft. expansion of its casino floor, marking a substantial milestone in the $275 million development project. This significant addition introduces a diverse selection of gaming options to North Carolina bettors, elevating the casino’s offerings to new heights. The venue is one of three currently offering retail […]
Industry
May 29, 2024
Culinary Union Fails to Reach Definitive Deal with Virgin Hotels
The dispute between the Culinary Union and Virgin Hotels Las Vegas seems to be at a standstill as the two sides fail to define mutually agreeable terms. While the casino company recently offered a proposal, the union said that the terms were “unacceptable.” Virgin Hotels and the Culinary Union have been trying to reach an […]
Industry
May 27, 2024
Report Highlights the Pros and Cons of Working at an MA Casino
A Massachusetts casino report shows that many gambling properties in the state are meeting their hiring goals in terms of diversity and veteran hiring. Despite that, the new Casino Job Quality report shows that there are still some outstanding challenges in terms of female employment and how much workers earn. The new study was […]
Business
May 24, 2024
Kindred Announces Major Shifts in Shareholding
Kindred Group, one of the world’s leading iGaming operators with business across several continents, has announced changes in the stakes held by two of its most prominent shareholders. In three consecutive updates, the company announced that The Goldman Sachs Group and JPMorgan Chase & Co have modified their respective shares in the company. Both companies […]
Business
May 24, 2024
Evolution Unveils Plans for $75M Live Casino Studio in New Jersey
Live casino specialist Evolution has submitted plans for a $75 million live dealer casino studio in Atlantic City. The new building will be responsible for the company’s iGaming operations in the state. The new studio would complement the company’s portfolio of live dealer studios, which includes a venue based in Hard Rock’s Ocean Casino Resort […]
Industry
May 24, 2024
Rev. Sharpton Is Concerned about DraftKings and FanDuel’s Hegemony
The Reverend Al Sharpton, a civil rights activist, Baptist minister and founder of the National Action Network civil rights organization, has expressed his concerns about DraftKings and FanDuel’s disproportionate betting market share. In a letter to chair Lina Khan of the Federal Trade Commission, Sharpton requested an examination of the potential adverse effects this “gambling […]
Business
May 23, 2024
DraftKings Completes $750M Acquisition of Jackpocket
In February, DraftKings finalized a $750 million acquisition deal with Jackpocket, a prominent lottery app in America. The transaction has now been officially completed, cementing the former company as the owner of the leading lottery specialist. Jackpocket is an app that has been favored by millions of customers across the US. Thanks to its innovative […]