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Business
March 21, 2024
Star’s Special Manager Is Being Paid $1M a Year, Report Says
Nicholas Weeks, the government-appointed special manager of Star Entertainment’s business is being paid almost $1 million a year for his work at the company’s Sydney casino, the Financial Review reported. Considering that Weeks is also responsible for overseeing the group’s casino in Queensland, his salary might be well over what Star CEO Robbie Cooke gets. […]
Legal
March 21, 2024
Bloomberry Ends Hostilities with GGAM via $300M Settlement
Bloomberry Resorts Group, one of the Philippines’ gambling leaders, has at last settled its conflict with Global Gaming Asset Management (GGAM), agreeing to buy its GGAM-owned shares back in a $300 million deal. This would effectively mark the end of a lengthy court battle. The issue stems from Bloomberry’s decision to cancel its contract with […]
Business
March 21, 2024
ZEAL Reports Strong FY 2023 Figures despite Weak Jackpot Environment
ZEAL Network, Germany’s leading provider of online lottery products, has published its FY 2023 report, once again demonstrating the strength of its business. The company expanded its position as a market leader despite Germany’s harsh regulations. According to ZEAL’s report, billings in the lottery sector increased to EUR 843.3 million ($920.6 million). Revenue, on the […]
Business
March 20, 2024
Gambling.com Group Closes $50M Credit Facility with Wells Fargo
Gambling.com Group Limited, an award-winning performance marketing company serving the iGaming industry, has announced the closing of a new credit facility with Wells Fargo Bank in the principal amount of $50 million. The credit facility is comprised of a $25 million revolving credit facility and a $25 million term loan facility, the marketing specialist added. […]
Business
March 20, 2024
Winible Secures $6 Million in Funding to Revolutionize Sports Betting Sector
Winible, an innovative e-commerce platform targeting sports influencers and experts, has announced a significant milestone with the successful closure of a $6 million seed funding round. This funding, led by Inspired Capital, marks a pivotal moment for Winible as it aims to disrupt and transform the sports betting and gaming markets. The Platform Targets an […]
Business
March 20, 2024
Svenska Spel Enhances Management with New Appointments
Sweden’s state-owned gambling operator Svenska Spel has unveiled new appointments to its management team amid corporate reshuffles. As announced, the company will name the experienced Mikael Franzén and Lovisa Ekman as head of responsible gaming and head of IT respectively. Franzén, currently serving as IT director, will assume new responsibilities, taking up the newly created […]
Business
March 19, 2024
EGT Digital Injects Content from Local Studios into Bet365 Bulgaria
EGT Digital, a Bulgarian specialist in iGaming technology, has unveiled a major new partnership with bet365, one of the global leaders in gaming and sports betting. Under the deal, the former company will provide its new partner with content in the Bulgarian market. EGT Digital will leverage its cutting-edge game aggregation platform to supply popular […]
Business
March 19, 2024
DraftKings Strengthens Team with Major Internal Promotions
DraftKings announced two internal promotions, naming Jason Park and Alan Ellingson as chief transformation officer and chief financial officer, respectively. According to the company, Park, currently serving as CFO, will vacate the role to instead oversee the company’s transformational efforts. The newly created role will see him “lead initiatives to deploy cutting-edge technologies to capture […]
Industry
March 18, 2024
UKGC Named One of Britain’s Best Workplaces for 2024
The UK Gambling Commission (UKGC) has once again been named as one of the United Kingdom’s best employers by Great Place to Work. The global authority on workplace culture continues to recognize the regulator’s efforts to nurture equity and create healthy workplace experiences for its employees. As announced by the UKGC, Great Place to Work […]
Business
March 18, 2024
MGM Boss Optimistic about BetMGM, Eyes Tech Firm Acquisition
In addition to expressing his confidence in opportunities in the UAE and Thailand, MGM Resorts president Bill Hornbuckle also teased that his company is considering an acquisition of a sports betting tech company. Hornbuckle commented on MGM’s plans and ambitions at the recent JP Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum. While the […]
