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Industry
December 8, 2023
Flutter Entertainment, Ready to Exit Dublin Stock Exchange
Earlier in the week, the leading online sports betting and gaming company that operates some of the most innovative, versatile, and easily distinguishable brands, Flutter Entertainment, announced that its UK and Ireland division had committed up to £8 million ($10 million) to charitable initiatives in 2023. The gambling conglomerate also took the opportunity to announce […]
Business
December 7, 2023
GiG Announces the Completion of $81M Senior Secured Bond Issue
Gaming Innovation Group, a company offering cloud-based product and platform services and performance marketing to clients within the iGaming industry, has announced the completion of its latest bond issue. According to the company’s official announcement, it has successfully completed the issuance of 3-year EUR 75 million ($81 million) equivalent senior secured bonds. The bonds are […]
Business
December 7, 2023
Entain Must Exit Unregulated Markets as Per the DPA
Entain recently reached a deferred prosecution agreement (DPA) with the Crown Prosecution Service (CPS). However, the settlement also says that Entain will have to exit unregulated markets. For reference, the DPA saw Entain commit to pay $737.5 million because of the bribery-related offenses of its former Turkey-facing business. The company was also required to donate […]
Business
December 6, 2023
TrueLayer Announces Nordics-Oriented Tie-up with Lunar
Nordic challenger bank Lunar has teamed up with TrueLayer, a leading open banking payments network in Europe. The new alliance will see the two companies “redefine the payments landscape” across Denmark, Norway and Sweden. According to the announcement, the new partnership will bolster TrueLayer’s instant payment capabilities in the aforementioned markets through seamless integration with […]
Business
December 5, 2023
ISS ESG Improves NOVOMATIC’s Sustainability Rating to C
ISS ESG, a sustainability rating agency, has updated NOVOMATIC’s sustainability rating to C, marking it as one of the best companies within the electronics industry. ISS ESG, which is one of the best sustainability experts along with Sustainalytics and Moody’s ESG Solutions, assessed Novomatic’s business, examining its environmental, economic and social performance. As usual, ISS […]
Business
December 5, 2023
Kambi Group Proceeds with $3M Share Buyback Program
Kambi Group, a B2B provider of sports betting services and solutions, has unveiled a share buyback program. The company secured the buyback mandate at the Extraordinary General Meeting on June 19 and will now proceed to exercise it. According to Kambi’s board of directors, the buyback program is set to run until May 21, 2024, […]
Business
December 5, 2023
Allwyn’s Strong Q3 Results Were Driven by the Camelot Acquisition
Lottery leader Allwyn has published its Q3 2023 preliminary unaudited results, highlighting the contribution of the company’s acquisition of Camelot. In Q3, Allwyn reported consolidated total revenue of EUR 2 billion (approximately $2.16 billion), representing a stellar 98% year-on-year increase. As mentioned, these results were underpinned by the company’s recent acquisitions. Excluding these, the company’s […]
Casino
December 5, 2023
Nebraska Gaming Undermines Iowa’s Council Bluffs Casinos
Nebraska’s launch of legal casino gaming has impacted casinos in the neighboring state of Iowa. As reported by the Omaha World-Herald, two big Council Bluffs casinos have been recording lower revenues – an impact that was also outlined in the American Gaming Association’s (AGA) Q3 revenue report. Eastern Nebraska launched slot gaming in late 2022, […]
Industry
December 4, 2023
Gambling-Related Crime in Macau Increases as the Industry Rebounds
Macau’s gaming industry reported a significant year-on-year gross gaming revenue increase in November. The special administrative region’s gambling sector was impacted negatively by the COVID-19 pandemic but seems on a steady path to recovery. According to the report, the local gambling operators recorded GGR of almost $2 billion last month, marking a stellar 435% year-on-year […]
Business
December 4, 2023
Sports-Betting Startup Mojo Announces Substantial Layoffs amid Strategic Pivot
Mojo, the sports-betting startup co-founded by MLB icon Alex Rodriguez and Jet.com co-founder Marc Lore, is undergoing significant changes as it announces a 20% reduction in its workforce. The company confirmed this decision, while sources close to the organization revealed it is part of a broader strategic shift. The Company Is Reevaluating Its Market Position […]
