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Business
February 9, 2024
Churchill Downs Forms Strategic Partnership with SAP America
Churchill Downs Incorporated (CDI) has unveiled a multi-year partnership with SAP America, a global market leader in enterprise application software. Under the deal, SAP will leverage its tech expertise to serve as the official technology partner of Churchill Downs Racetrack, the Kentucky Derby, and Kentucky Oaks. In addition, the agreement includes naming rights for the […]
Business
February 9, 2024
BetMGM Reports Strong FY 2023 Performance
BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International and Entain, has announced robust financial results for the fiscal year 2023, according to unaudited figures. The recent report reflected on the performance of some key verticals, providing insights into the operator’s strategy and plans to tackle rising industry challenges. Most […]
Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Business
February 7, 2024
Svenska Spel Posts 2023 Interim Report, Plans $181M Dividend
Svenska Spel has published its interim report for 2023, highlighting stable revenue. The year saw Svenska Spel earn a total net revenue of SEK 8,029 million ($766 million), in line with last year’s results. This followed a stable fourth quarter in which the company recorded net gaming revenue of SEK 2,121 million ($202 million) – […]
Industry
February 7, 2024
Fanatics Betting and Gaming Launches Fanatics Sportsbook in Iowa
A few weeks after hitting the Pennsylvanian market, Fanatics Betting and Gaming launched its Fanatics Sportsbook in the state of Iowa. As a result, Iowan players and visitors will now be able to download the dedicated Fanatics Sportsbook app and place exciting wagers with the operator. Iowa is notably the twelfth state where the Fanatics […]
Business
February 7, 2024
Light & Wonder Unveils Strategic Investment in Flows
Light & Wonder has unveiled a strategic investment in Flows, a revolutionary no-code automation platform. The deal will empower Flows, allowing it to scale up its operations and conquer new markets. Light & Wonder is no stranger to Flows’ impressive no-code automation platform and recognizes its potential to benefit the industry. The former company has […]
Business
February 7, 2024
LeoVegas Designates Ben Ingham as UK Country Manager
LeoVegas Group, a leading international iGaming company committed to creating best-in-class iGaming experiences, has reinforced its team with a new industry heavyweight. The one to join the company is the skilled Ben Ingham who boasts years of experience in the sector. As announced by Ingham himself, he will be joining the online gambling powerhouse as […]
Business
February 7, 2024
Kindred Names Nils Andén as Permanent CEO
Kindred Group, one of the world’s leading online gambling operators, announced that its board of directors has decided to appoint Nils Andén as the company’s permanent chief executive officer. For reference, the appointee has been serving as interim CEO for almost a year. Andén was named interim CEO back in May 2023 following Henrik Tjärnström’s […]
Business
February 6, 2024
Better Collective Finalizes Acquisition of Playmaker Capital
Better Collective announced that it has completed the acquisition of Playmaker Capital, a Toronto-based digital sports media group. This is notably Better Collective’s second-largest acquisition to date. The deal saw Better Collective acquire all of Playmaker Capital’s issued shares for a consideration of CAD 0.70 per share. Better Collective covered this deal both in cash […]
Industry
February 6, 2024
Maryland’s Casino Revenue Declined in January
Maryland’s six casinos have posted total revenue of $153.2 million for January 2024. This figure represents an 8.4% year-on-year decrease and led to lower contributions to the state. For reference, the best-performing casino was MGM National Harbor, a property with over 2,000 slots and more than 200 gaming tables. The MGM property posted revenue of […]
