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Gambling News - 'Business'
Business
October 2, 2023
Super Group Exits India Following the Introduction of New Regulations
Super Group, a holding company for leading global online sports betting and gaming businesses, has announced its departure from the Indian market. The announcement comes in the wake of the introduction of amendments to the Indian Goods and Services Tax. Into power as of October 1, these changes would cause trouble for the group, making […]
Business
October 2, 2023
Soft2Bet Onboards Martin Collins as Chief Business Development Officer
Leading provider of player account management (PAM) platform services for sportsbook and iGaming operators, Soft2Bet, has appointed Martin Collins as its Chief Business Development Officer. Collins brings a wealth of experience in the iGaming sector and will drive Soft2Bet’s growth and expansion in the global B2B betting and gaming markets, helping the company stand out […]
Industry
October 2, 2023
Macau Reports Impressive Gaming Revenue Increase for September
The gambling province of Macau has reported an extraordinary surge in gaming revenue for September 2023, showcasing its resilience and rapid recovery. Although the MOP 14.9 billion ($1.85 billion) falls below August’s results, this remarkable recovery indicates a positive trend amidst the challenges of the COVID-19 pandemic and changing government policies. Most Metrics Recorded Substantial […]
Business
October 2, 2023
Entain Completes Its $100M Acquisition of Angstrom Sports
Entain, a global sports betting and gaming company, has confirmed the acquisition of Angstrom Sports, a company specializing in the provision of next-gen sports modeling, forecasting and data analytics. Under the agreement, first announced in July this year, Entain will pay an initial consideration of $98.5 million for the acquisition. Additional payments totaling up to […]
Industry
September 29, 2023
Playtech, Flutter, and Lottomatica Explore Acquisition of SKS365
SKS365 Malta Holdings has officially engaged in dialogue with Playtech as the major player in the global iGaming industry confirmed its interest in pursuing an acquisition. A successful deal would significantly strengthen Playtech’s presence in the lucrative Italian iGaming market, but interest from competitors Flutter Entertainment and Lottomatica may mean a harsh negotiation process. Playtech […]
Business
September 29, 2023
Bally’s Lease Deal with the Trump Organization May Cost $100M
Earlier this month, the Trump Organization considered leasing the Trump Golf Links Ferry Point, a city-owned golf course in the Bronx to Bally’s. The casino giant continues its negotiations with the Trump family, with a New York casino license on the line. According to an earlier report, the golf course lease would be handed to […]
Business
September 28, 2023
Better Collective Plans Dual Listing on Nasdaq Copenhagen
Better Collective, a Nasdaq Stockholm-listed company, unveiled its plans for a second listing. As announced by the company, it plans to also list its shares on Nasdaq Copenhagen. Providing a few insights into its intentions, Better Collective informed the public that the second listing would, if approved, occur during the final quarter of the year. […]
Business
September 28, 2023
888 Holdings Cautions Investors as Q3 Performance Falls Below Expectations
Leading betting and gaming group 888 Holdings has issued a cautionary statement to its investors, indicating that its Q3 performance may fail to reach initial expectations. The London Stock Exchange (LSE)-listed company remained optimistic that this downturn would remain temporary, expecting a swift recovery in 2024. This announcement closely mirrors that of Entain, signaling a […]
Business
September 27, 2023
RMG Names Scott Smith NED as Chair Lewis Exits the Team
Racecourse Media Group (RMG), an organization encompassing a number of British racecourses, has appointed the experienced Scott Smith as a non-executive director. According to the company, the new hire will step into the office on October 1, 2023. Smith currently serves as the chief financial officer of the England & Wales Cricket Board (ECB). He […]
Sports
September 25, 2023
BetMGM Sportsbook at The Banks Is Ready to Welcome Buckeye Fans
Gambling giant BetMGM has announced the opening of a new sportsbook in downtown Cincinnati. BetMGM Sportsbook at The Banks is now ready to welcome its first guests. Previously located at the Great American Ball Park, the sportsbook has now been moved to its permanent spot. The property boasts a 350-square-foot video wall and 42 TV […]