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Gambling News - 'Business'
Business
April 25, 2024
SKS365 CEO Departs in the Aftermath of Lottomatica’s Takeover
Lottomatica has completed its acquisition of SKS365, the latter company announced. According to the announcement the SKS365 full ownership has now been transferred to Lottomatica, marking a new chapter for both companies. The agreement was completed through GBO, an indirectly wholly owned subsidiary of Lottomatica, which acquired SKS365 Malta Holdings Limited’s entire share capital. According […]
Business
April 25, 2024
Yolo Group Adds Gaming & Media Powerhouse as Director of Organic, Content and Distribution
Yolo Group has reinforced its team with Shane Anderson, a former Better Collective senior executive. The new hire, will serve the gaming, fintech and blockchain company as its new director of organic, content and distribution. Boasting years of experience in the gaming and digital media sectors, Anderson will reinforce Yolo Group’s content strategy and marketing […]
Business
April 24, 2024
Flows Strengthens DragonGaming with No-Code Automation
DragonGaming, a slots provider that seeks to shape the online entertainment realm, has successfully integrated Flows into its business. The critically acclaimed no-code automation platform is expected to greatly enhance the developer’s operational efficiency, allowing it to continue rolling out innovative titles. Flows’ unique capabilities allow it to support businesses by speeding up development and […]
Business
April 24, 2024
Evolution Posts Q1 Results, Signs Deal with Bet365
Evolution has published its quarterly report for the first three months of 2023, demonstrating a stable performance. The company’s metric increased across the board, underpinned by Evolution’s robust business strategy. In Q1, Evolution reported a 16.7% increase in operating revenues to EUR 501.5 million ($535.9 million). For context, the company reported operating revenues of EUR […]
Business
April 24, 2024
PointsBet Posts Q3 Results, Expresses Doubt about Further Tax Hikes
Australian iGaming and sports betting operator PointsBet has published its financial results for Q3 FY24, reporting positive trends across the board. In addition to posting favorable results, the company revealed that it is not too concerned about potential tax hikes in Australia. PointsBet’s report outlines a total sports betting handle of AUD 673.4 million ($437.6 […]
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
Business
April 23, 2024
PENN Names Ex-Disney Tech Executive Aaron LaBerge as CTO
PENN Entertainment has unveiled the appointment of the experienced Aaron LaBerge to its team. According to the announcement, the former Walt Disney tech specialist will serve the operator group as its new chief technology officer, effective July 1. In his new role, LaBerge will leverage his expertise to drive the company’s technology strategy and execution. […]
Business
April 22, 2024
Tom Daniel Bolsters Huddle Management Team as SVP of Trading
Huddle, a leading provider of trading solutions, announced the appointment of Tom Daniel as senior vice president of trading. Daniel will lead Huddle’s trading operations, driving strategic initiatives and spearheading innovation to elevate the firm’s trading capabilities. Daniel is poised to take center stage in advancing Huddle’s position as a market leader. Daniel Brings a […]
Industry
April 22, 2024
Mississippi Gaming Commission Posts March Betting Report
The Mississippi Gaming Commission has published its Sports Wagering Report for March 2024, outlining the sports betting industry’s performance during the third month of the year. The figures reported by the regulator demonstrate a noticeable year-on-year decrease in revenue. Despite that, March’s results were significantly stronger than those reported in February. Central Mississippi was the […]
Business
April 22, 2024
Kindred Publishes Its Quarterly Journey Towards Zero Report
Kindred Group has published its new Journey Towards Zero report, highlighting the fluctuations in revenue from high-risk players. The initiative seeks to minimize the money the operator company makes from such players. According to Kindred, the first quarter of 2024 saw a slight increase in revenue from high-risk players to 3.2%. Additionally, the company reported […]