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Business
March 12, 2024
IGT Achieves FY 2023 Goals Ahead of Milestone Merger
International Game Technology (IGT), a global leader in the gaming industry, reported robust fiscal year 2023 financial results, achieving all of its financial targets ahead of the planned merger of its Global Gaming and PlayDigital businesses with Everi Holdings Inc. IGT’s management remain optimistic, projecting new investment opportunities and stable growth. The Company Accomplished Record […]
Business
March 12, 2024
Rush Street Interactive Eyes Expansion Following Robust FY 2023
Rush Street Interactive (RSI), a prominent player in the online casino and sports betting sphere across the Americas, has reported impressive financial results for the fourth quarter and full year ending 31 December 2023, sparking discussions about potential expansion opportunities. The company’s recent earnings call highlighted its robust strategic position, forming a stable foundation for […]
Business
March 12, 2024
Entain Reportedly Eyes Potential Sale of PartyPoker
In an effort to counter activist investors and keep its focus on core operations, the owner of Ladbrokes, Entain, is reportedly exploring options for selling PartyPoker. Last year, industry analysts suggested Entain may consider selling its stake in MGM, media reports confirmed at the time. Another option Entain may explore, as suggested by expert analysts, […]
Business
March 12, 2024
Ainsworth Shareholder Accuses CEO of Devaluating the Company’s Shares
Ainsworth Game Technology’s leadership has been accused of talking down the value of the stock, the Australian Financial Review reported. Shareholders believe that this devaluation, which comes amid the company’s strategic review, might be related to the rumored takeover by Novomatic. For reference, Macquarie was hired to conduct Ainsworth’s strategic review in 2023. The news […]
Business
March 11, 2024
IGT Announces a Triumphant Return to Nevada
In a strategic move that signals the return of International Game Technology (IGT) to its roots, the company announced it would spin off its land-based and digital businesses, merging them with Everi Holdings. The $6.2 billion deal, expected to be finalized by late 2024 or early 2025, involves the creation of a new entity retaining […]
Business
March 8, 2024
Danske Spil Posts FY 2023 Results, Highlights 6% Increase in Net Income
Danske Spil, Denmark’s state-owned lottery and betting operator, has published its FY 2023 results, reporting a slight increase in overall revenue. Data shows that the company’s lottery businesses fared well but the casino and sports betting businesses experienced a decline. Revenue in 2023 reached DKK 5.04 billion ($0.74 billion), up from DKK 4.98 billion in […]
Industry
March 8, 2024
Executives Say iGaming Must Become More Innovative and Social
A panel at the Next.io’s Online Gambling & Sports Betting Summit saw industry experts discuss the future of the online gambling sector. Many believe that iGaming is bound to become more social and tailored to the customers’ needs. As reported by the Associated Press, many believe that the online gambling of tomorrow will need to […]
Business
March 7, 2024
Entain Reports Favorable FY 2023 Results Despite Setbacks
Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. […]
Industry
March 7, 2024
IMF: Macau Economy to Return to Pre-Pandemic Levels in 2025
The International Monetary Fund (IMF) has published its outlook for Macau, projecting further recovery of its casino sector and overall economy. Gambling in the special administrative region was affected negatively by the COVID-19 pandemic and China’s Zero-COVID policy but is now on a firm path to recovery. According to the IMF, the recovering GGR will […]
Business
March 7, 2024
Betsson Launches Namesake Brand in Italy
Betsson, an international gambling operator, announced the launch of its flagship brand in Italy. Described as a “strategic move,” the launch will solidify the company’s presence in the country and cement it as a “preeminent global brand.” Betsson is no stranger to the Italian market. The operator has, for over a decade, operated the renowned […]
