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Business
November 8, 2023
GiG Sets Out to Acquire KaFe Rocks in a $37M Deal
Gaming Innovation Group (GiG) has set out to acquire affiliate specialist KaFe Rocks in a new EUR 35 million (approximately $37.4 million) acquisition deal. The deal will solidify GiG Media’s position as a lead generator in the iGaming market and will expand the company’s presence in the lucrative North American casino sector. Under the agreement, […]
Business
November 8, 2023
SEGA SAMMY CREATION to Acquire GAN Limited
SEGA SAMMY HOLDINGS INC. and its subsidiary SEGA SAMMY CREATION INC. (SSC) have announced they will enter a definitive and amicable agreement to acquire Nasdaq-listed GAN Limited. The Acquisition, to Close by Q3 Ending in March 2025 SEGA SAMMY’s investment strategy through the fiscal year ending March 31, 2026, includes investing up to ¥250 billion […]
Business
November 8, 2023
GiG Reports Robust Q3 2023 Revenues and Growth across Core Verticals
Oslo-based Gaming Innovation Group (GiG) announced impressive financial results for Q3 2023, showcasing its leadership position in the iGaming industry. The company’s Q3 revenues reached an all-time high as it heads to a record-breaking year-end. Several high-profile appointments bolstered GiG’s leadership team, helping to manage its growing international footprint. Metrics Are Up across the Board […]
Business
November 8, 2023
Entain’s Leadership Increases Its Stake in the Company
Gambling group Entain recently published its Q3 results, inspiring trust in the company’s position and the value of its shares. As a result, many members of the company’s board of directors have purchased Entain shares. The company’s chief executive officer Jette Nygaard-Andersen, for example, purchased more than doubled her shareholding from 31,000 shares to 65,400 […]
Business
November 7, 2023
Hard Rock Digital Names Arthur as Director of Product Operations
Hard Rock Digital, Hard Rock’s online casino and sports betting arm, has welcomed a new addition to its team. The one to join the company at this time is Martin Graham Arthur who will serve as the company’s new director of product operations. Joining a team of new and familiar faces, Arthur will now be […]
Business
November 7, 2023
Dodge & Cox Increases Stake in Entain amidst Strong Investor Confidence
US mutual fund company Dodge & Cox has more than doubled its stake in the global sports betting and gaming group Entain, making it the second-largest single shareholder in the gambling giant. This increased stake can be interpreted as a show of confidence in Entain’s potential, as the company recently revealed its updated plans to […]
Casino
November 7, 2023
RAAC Discovery Forces Genting to Shut Down Westcliff-on-Sea Casino
Structural integrity concerns have caused Genting Casinos UK to temporarily shut down its casino in Westclif-on-Sea. As it turns out, reinforced autoclaved aerated concrete (RAAC) had been used in the property’s construction, compromising the venue. RAAC was most commonly used in the mid-20th century as a cheaper and lighter version of conventional reinforced concrete. However, […]
Business
November 7, 2023
Better Collective Inks Definitive Deal to Acquire Playmaker Capital
Better Collective has signed a definitive agreement to acquire Playmaker Capital, a leading digital sports media group. Announced earlier this year, the agreement will consolidate the former company’s presence in the Americas and help it become an undisputed leader in the South American market. The definitive deal will see Better Collective acquire the fellow sports […]
Business
November 6, 2023
FDJ Completes PLI Acquisition, Expands International Presence
La Française des Jeux (FDJ) has completed its acquisition of Premier Lotteries Ireland (PLI). Valued at over $400 million, the deal will expand FDJ’s presence in Europe and turn it into a major international company. The deal was originally announced this summer when FDJ unveiled its plans to acquire PLI’s entire share capital. PLI is […]
Legal
November 6, 2023
Netherlands Court Orders Unibet and Another Online Casino to Refund Gamblers
The court’s decision stems from a change in Dutch gambling laws in October 2021, legalizing online gambling, which has prompted individuals who lost substantial amounts of money before this date to pursue legal action, claiming their losses were unlawful. Unibet has expressed its intention to object to the ruling, opening the case for reexamination at […]
