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Gambling News - 'Business'
Industry
July 9, 2024
PA Lottery Teams Up with IWG, Adds EZ eInstants Category to Its Offering
The Pennsylvania Lottery has enhanced its offering with new digital instant win games. Thanks to its partnership with Instant Win Gaming (IWG), the Commonwealth’s lottery will now offer a brand new category of eInstant games called EZ eInstants. As the title of this category suggests, it would include easy-to-play and understand games that players can […]
Business
July 8, 2024
Entain Adds Helen Ashton as Independent NED
Gambling giant Entain has made yet another addition to its team, naming the experienced Helen Ashton as an independent non-executive director. As someone with decades of corporate and business experience, she will be a valuable addition to Entain’s board. In addition to becoming an independent NED, Ashton will also join Entain’s Audit Committee. The new […]
Business
July 8, 2024
Raketech to Divest Non-Core US Advisory Business in $2.25M Deal
Raketech, a leading online affiliate and content marketing company, announced that it has struck a deal to sell its non-core US advisory business. The business, ATS Consultants, was originally acquired in 2021 but deemed to be non-core to the group. Raketech’s US advisory business in question consisted of several high-value lead-generating sports tipster websites which […]
Business
July 8, 2024
Gambless App to Be Phased Out Because of Insufficient Backing
Gambless, an application providing help to people struggling with their gambling, will be gradually phased out after four years in service. With a heavy heart, the company announced the closure of the app, which was launched in 2020 and has so far assisted more than 20,000 people struggling with addiction. According to Gambless, the mobile […]
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Kambi Group plc’s Board of Directors has withdrawn its previously announced 2027 financial targets, citing slower-than-expected regulatory progress in key markets as a primary reason.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. […]