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Business
February 21, 2024
Kambi Publishes Q4 Results, Highlights Strategic Progress
Kambi Group, a provider of betting services to the regulated gambling industry, has published its Q4 report. In addition, the leading supplier posted its guidance, saying that it expects FY 2024 revenue of between EUR 170 million and EUR 180 million ($183.6-$194.4 million). Revenue for Q4 amounted to EUR 44.3 million ($47.8 million), representing a […]
Industry
February 20, 2024
Curaçao Minister of Finance: First Direct License Is in Line with the LBH
Curaçao’s Minister of Finance, Javier Silvania, defended the decision to provide Rhino Entertainment Group with the region’s first direct license amid LOK-related concerns. Some critiqued the licensing of the company as it precedes the formalization of the territory’s new gambling laws. For reference, Curaçao is currently discussing the National Ordinance for Games of Chance (LOK), […]
Industry
February 20, 2024
Gibraltar Minister Pleased with Gambling Industry Meetings
Gibraltar’s Minister for Justice Trade and Industry, Nigel Feetham, has praised Entain and 888’s commitment to the territory’s gambling sector. This followed recent meetings with company representatives. According to the Gibraltar government, Feetham personally spoke with Entain’s interim chief executive officer, Stella David, and 888’s chief executive, Per Widerström. Both companies recently underwent structural and […]
Industry
February 19, 2024
FDJ to Officially Launch Public Tender Offer for Kindred
France’s premier lottery and sports betting operator, La Française des Jeux (FDJ), announced that its takeover proposal for Kindred Group has been approved by the Swedish regulator. As a result, the French betting powerhouse will launch its offer on February 20. According to FDJ, its offer document secured the official approval of the Swedish Financial […]
Business
February 19, 2024
Kambi Extends Platform Deal with PENN through December 2025
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has extended its retail sportsbook platform deal with PENN Entertainment. As a result, Kambi will continue to supply its partner’s land-based casinos with its sports betting suite. Under the terms of the original partnership deal, Kambi was set […]
Casino
February 19, 2024
Star Entertainment Formalizes NSW Jobs Guarantee, Cashless Gaming Trial
The Star Entertainment Group announced that it has formalized the previously announced aspects of the arrangements agreed in principle with the NSW Treasurer, Daniel Mookhey, securing the company’s jobs commitment and cashless trial. In line with the initial agreement from August 11, 2023, The Star entered into a Jobs Guarantee Agreement with the state of […]
Business
February 19, 2024
Betsson Returns to the Netherlands via $30M Holland Gaming Technology Acquisition
Online gambling group Betsson announced its re-entry into the Dutch market via the acquisition of Holland Gaming Technology and Holland Power Gaming. The EUR 27.5 million ($29.6 million) deal will allow Betsson to triumphantly return to the Netherlands after its exit several years ago. The gambling group had to pull out from the newly-regulated Dutch […]
Business
February 19, 2024
Wynn Resorts Executives Sell $3M in Company Stock
Recently, several DraftKings executives sold nearly $80 million worth of company shares. This was evident from Form 144 filings released by the company, confirming that executives dumped some $78.8 million in company shares between January 22, 2024, and February 8, 2024. The list of DraftKings executives who sold part of the company’s shares includes Jason […]
Business
February 16, 2024
Lottery.com Acquires SportLocker and Unveils Next-Gen Sports Entertainment Platform
Lottery.com, a prominent online lottery services provider, has made a strategic move in the digital entertainment landscape by acquiring S&MI Ltd, the parent company of SportLocker, and simultaneously launching it as Sports.com. This acquisition will see Sports.com emerge as a next-gen digital sports entertainment platform, blending innovative community-driven features with expansive content and technology. The […]
Business
February 16, 2024
GAN Names Seamus McGill Permanent CEO amid Merger Talks
GAN, a major B2B technology provider of gaming solutions, decided to put its interim CEO, Seamus McGill, at the helm of the company, this time permanently. As the company’s new CEO, McGill will be tasked with overseeing the looming merger with Sega Sammy. McGill was named interim CEO in September 2023, succeeding Dermot Smurfit who […]
