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Gambling News - 'Business'
Business
February 6, 2024
Evolution to Acquire Livespins in a $5.4M Deal
A few days after posting an impressive 2023 financial report, Evolution has unveiled a major acquisition deal. As announced, the leading B2B casino solution provider will acquire the socially charged product Livespins in a EUR 5 million (approximately $5.4 million) deal. Livespins, for reference, is an innovative product that allows players to bet behind their […]
Business
February 5, 2024
Allwyn Secures 70% Stake in Instant Win Gaming
Lottery leader Allwyn announced that it has teamed up with Instant Win Gaming (IWG), a leading supplier of digital e-Instant and instant win games. According to the announcement, Allwyn has joined forces with IWG’s co-founders, Rhydian Fisher and Simon Bucknall, and will work with them to unlock new opportunities to innovate the instant win games […]
Industry
February 5, 2024
Negotiations Spare Las Vegas Two Strikes
Las Vegas businesses have successfully negotiated with the disgruntled hospitality workers and bus drivers, preventing two strikes that would have jeopardized preparations for the Super Bowl. This will provide some breathing space to the city’s businesses ahead of the highly-anticipated event. The Culinary Union was negotiating with multiple casinos and had threatened to strike on […]
Business
February 5, 2024
Stake.com Taps into Enteractive’s Reactivation Solutions
Online casino powerhouse Stake.com has formed a partnership with Enteractive, a leader in player conversion and reactivation. Under the agreement, the latter party will support Stake’s existing CRM services with bespoke reactivation campaigns. The online gambling operator seeks to win back players and optimize its revenue. To that end, Enteractive’s campaigns will focus on the […]
Business
February 5, 2024
Kindred: Only 3.1% of the Q4 Revenue Came from Harmful Gambling
Kindred Group has released another update on its Journey towards Zero, an initiative that has seen the company minimize the funds it takes from problem players. According to Kindred, only 3.1% of its revenue in Q4 2023 came from harmful gambling. This is an improvement from Q3 when the company took 3.3% of its revenue […]
Business
February 5, 2024
Klas Winberg Joins Videoslots as CCO
Videoslots has welcomed Klas Winberg as its new chief commercial officer. Described as a “visionary leader with two decades of iGaming excellence,” Winberg will now be tasked with driving success for the online casino company. According to Videoslots, the new appointee is a performance-driven professional with a long history of success in iGaming. Prior to […]
Business
February 5, 2024
Alea Names Jordi Sendra and Ramon Glieneke as CEO and COO
Alea, a live data-driven casino game aggregator, has welcomed Jordi Sendra as its new chief executive. The new appointment follows incumbent CEO Alex Tomic’s decision to step down. This marks a major shift for the firm as Tomic has been at the helm ever since Alea was founded in 2012. The current chief will step […]
Business
February 5, 2024
Entain Presses on with Management Reshuffles as Peter Marcus Takes His Leave
Entain group operations director Peter Marcus will allegedly leave the company after an impressive eight-year stint. Marcus joined the multi-brand entity in September 2016 as the managing director for the group’s Casino Club brand and later ascended to his current position in June 2018. His departure, scheduled for the end of June 2024, will necessitate […]
Business
February 2, 2024
Crucial Compliance Confirms Restructuring of Product Range
Crucial Compliance is a leading provider of compliance solutions, powering the operations of gambling companies across the globe. The company leverages innovative proprietary technology and provides a wide range of compliance-related services. Ultimately, Crucial Compliance allows companies to scale up their operations while meeting compliance standards within different jurisdictions. Recently, the company confirmed an important […]
Business
February 1, 2024
Endeavor to Merge IMG ARENA into OpenBet
Global sports and entertainment company Endeavor announced its intention to merge its global sports betting and data businesses, OpenBet and IMG ARENA. According to the announcement, IMG Arena will be integrated under the OpenBet banner. As a part of OpenBet, IMG ARENA will continue to offer its sports data, integrity and fan engagement products. The […]