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Business
April 4, 2024
Entain’s Barry Gibson to Retire, Stella David Named as Next Chair
Global betting and gaming giant Entain will be undergoing another internal reshuffling as chair Barry Gibson announced his decision to step down from the board. He will be succeeded by Stella David, the company’s interim CEO. According to the announcement, Gibson will step down by September 2024. If Entain succeeds in finding a suitable permanent […]
Business
April 4, 2024
Kambi Tribal Report: Most Bettors Reinvested Their Winnings
Kambi has published its Tribal Sports Betting Report 2024, highlighting a dramatic increase in betting handle among its tribal operator partners. According to the group, its North American tribal clients saw a handle increase of 128% between 2022 and 2023. The increase in handle was driven by a number of factors, including the growing popularity […]
Business
April 4, 2024
Nevada Gives Initial Thumbs Up to Aristocrat’s Takeover Bid for NeoGames
Aristocrat has inched closer to acquiring NeoGames as the Nevada Gaming Control Board recommended the approval of the transaction. The matter will be officially settled at the board’s upcoming meeting on April 18, CDC Gaming Reports reported. NeoGames was founded in 2014 and, in 2023, secured a license to operate in Nevada. The company later […]
Business
April 3, 2024
Bally’s Remains Bullish on Petersburg Casino Despite Credit Rating Setbacks
Bally’s Corporation just suffered another setback as Fitch Ratings, an American credit rating agency, lowered its outlook on the operator. Previously B+, the company’s rating has now been reduced to B because of the casino company’s precarious financial situation. Fitch is not the only big credit rating agency to lower Bally’s either. Previously, Moody’s and […]
Business
April 3, 2024
XLMedia Completes Sale of Freebets to Gambling.com
Betting media agency XLMedia has confirmed the completion of its recent deal with the performance marketing specialist Gambling.com Group. As previously agreed, the former party divested its sports betting and gaming assets in Europe and Canada in a $42.5 million deal. The agreement includes a fixed consideration of $37.5 million, which will be paid out […]
Industry
April 3, 2024
Massachusetts’ Lottery and Online Betting Recorded Suboptimal Revenues in February
Massachusetts’ State Lottery has suggested that the online sports betting sector is hurting its revenue but the latter vertical’s figures show that this might not be the full picture. The Lottery Seeks to Go Online The Massachusetts State Lottery is seeking to launch online lottery options in order to remain competitive amid the growing popularity […]
Business
April 2, 2024
Soft2Bet Celebrates New Office with Ribbon Cutting Ceremony
Soft2Bet, a leading operator and provider of iGaming and online sports betting solutions, has inaugurated a new office in Malta. According to the company, this opening will allow it to scale its team, in line with its corporate ambitions. According to the operator and platform provider, its new office is located in The Quad Central […]
Business
April 2, 2024
Genius Sports Parts Ways with Apax Partners’ Gabriele Cipparrone
Genius Sports, a data and tech partner that powers the global ecosystem connecting sports, betting and media, announced the departure of Apax Partners partner Gabriele Cipparrone from its board of directors. The director’s exit comes in the wake of a reduction in holdings in Genius Sports by Apax Funds through a secondary sale on April […]
Casino
April 1, 2024
IPI Auctions Off Rolls-Royce Cars and Crystal Dragons
Saipan’s troubled casino operator, Imperial Pacific International (IPI) LLC, is again making headlines as its assets go under the hammer in a new auction organized by the appointed receiver. This time, the spotlight falls on IPI’s prestigious collection of Rolls Royce cars and its famed Crystal Dragons. The online auction, facilitated by Clear Management Ltd, […]
Industry
March 29, 2024
Nevada Gaming Achieves Impressive Heights in February
February saw a flurry of activity in Southern Nevada, propelled by the excitement of Super Bowl 58, the celebration of Chinese New Year, and a significant leap year. While some records remained intact, the gaming industry reached new heights, marking another exceptional month for Nevada’s tourism sector. Ongoing investments in infrastructure should ensure the state […]
