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Gambling News - 'Business'
Business
February 28, 2024
Light & Wonder Posts Q4 Financials, Reports Robust Momentum
Light & Wonder has reported its results for the fourth quarter and fiscal year ended December 31, 2023, announcing strong momentum. The company’s metrics continued to grow, underpinned by strong performance across all of its business. Q4 was notably the 11th consecutive quarter of consolidated growth for Light & Wonder and the 6th consecutive quarter […]
Industry
February 28, 2024
BetRivers Reinvigorates Delaware’s iGaming Sector
BetRivers, the interactive gaming arm of Rush Street Gaming, has significantly impacted Delaware’s iGaming landscape, with its first full month of operation in January recording a remarkable surge in revenue. The Delaware Lottery welcomed BetRivers in August 2023 as its latest iGaming partner, replacing the decade-long association with 888 Holdings and ushering in a new […]
Industry
February 28, 2024
Spain’s Q4 Gambling Sector Results Reveal a Healthy Industry
Spain’s gaming industry has reported a gross gaming revenue (GGR) of €315.29 million ($341.35 million) for the fourth quarter of 2023, according to the Directorate General for the Regulation of Gambling (DGOJ). The authority closely monitors the state of the market, delivering detailed reports that help shape new regulations. Most sectors experienced growth, indicating a […]
Business
February 27, 2024
Mintzy Plays Poker Instead of Attending Barstool Event, to Portnoy’s Dismay
Ben “Mintzy” Mintz, a famous Barstool Sports representative, has found himself in hot water with his boss, Dave Portnoy. The reason the Barstool boss was unhappy with Mintzy was the latter man’s decision to attend a poker tournament instead of the Barstool Combine in Chicago. Mintz may have intended to travel to the event once […]
Business
February 27, 2024
Catena Media CEO Steps Down; Interim CEO Appointed
Casino affiliate Catena Media announced that it will be parting ways with its chief executive officer, Michael Daly. According to the company, Daly’s decision followed extensive consideration and consultations with the board. Catena added that the resignation takes immediate effect. As Daly departs, the position will be temporarily filled by Pierre Cadena, the company’s vice […]
Business
February 27, 2024
Playtika Unveils Q4 2023 and Fiscal Year Financials, Showcases Mixed Results
Playtika Holding Corp., a leading Israel-based mobile gaming company, has released its financial results for the fourth quarter and fiscal year ending 31 December 2023. Ongoing instability in Israel and Ukraine impacted the operator’s financials, prompting management to consolidate its position and temporarily halt its expansion plans. However, Playtika’s leadership is confident the company can […]
Business
February 26, 2024
Mohegan to Step Down from Resorts Casino Hotel Management Role
Mohegan, a prominent Native American gaming and hospitality operator, has announced it will conclude its management assignment at Resorts Casino Hotel in Atlantic City, NJ, by the end of 2024. This development marks the end of a fruitful partnership and relationship with the Bailey and Jerome families, contributing significantly to the evolution of the gaming […]
Business
February 26, 2024
PointsBet Posts H1 Results, Records Sharp Net Loss Decrease
PointsBet, which recently posted its Q2 results, has officially posted its H1 results, reporting a significant net loss decrease. The improved results were attributed to the recent sale of PointsBet’s US business to Fanatics Betting and Gaming. As PointsBet continued its business in Australia and Canada, it recorded statutory revenue of AUD 117.9 million ($77.2 […]
Business
February 26, 2024
PointsBet to Welcome Lucas as CTO, Part Ways with Bowskill
PointsBet, a major sports betting operator, has enhanced its tech team with the addition of Daniel Lucas as chief technology officer. As someone who has previously served Flutter Entertainment, the new appointee will be a valuable addition to the PointsBet C-suite. PointsBet described Lucas as a seasoned veteran with years of experience and an impressive […]
Business
February 23, 2024
Melco Resorts CEO Lawrence Ho Exits Hong Kong’s 50 Richest
Lawrence Ho, the founder, chairman, and CEO of Melco Resorts and Entertainment, has lost his position in Hong Kong’s 50 Richest list published by Forbes. The 47-year-old casino magnate and the eldest son of Macau’s late gaming pioneer Stanley Ho had been a regular on the list for the past ten years. However, macroeconomic pressures […]