Business
June 24, 2024
Better Collective Delivers Enhanced Value with New Buy-Back Program
Better Collective A/S has announced a share buy-back program valued at up to EUR 20 million ($21.48 million). The program, set to run from 24 June 2024 to 5 September 2024, aims to cover future obligations related to acquisitions and long-term incentive (LTI) programs. With the company enjoying robust financial performance, this initiative will be […]
Business
June 24, 2024
MGM to Acquire Tipico’s US Platform and Empower LeoVegas
Gambling and hospitality powerhouse MGM Resorts International has unveiled the acquisition of Tipico Group’s US assets, in line with previous rumors. The deal will see MGM, through its LeoVegas subsidiary, acquire Tipico’s sportsbook and iGaming platform in the United States. Tipico decided to divest its US assets earlier this year, citing market shifts as the […]
Business
June 21, 2024
Genius Sports Appoints Chair and Director, David Levy Takes Advisory Role
Sports data, tech and broadcasting specialist Genius Sports announced changes to its board, including the appointment of an industry heavyweight as chair and the transfer of ex-chair Levy to and advisory role. In addition, the company will welcome a new independent director. According to Genius Sports, its board will now be chaired by Kenneth […]
Business
June 21, 2024
Boyd Gaming Eyes Penn Entertainment, Considers Acquisition
US casino powerhouse Boyd Gaming has reportedly approached fellow casino giant Penn Entertainment with an acquisition proposal. People familiar with the matter told Reuters that this could be the biggest casino merger in the US since Eldorado Resorts $17.3 billion acquisition of Caesars Entertainment. Following Reuters’ report, Penn’s shares experienced an increase of 8% to […]
Business
June 20, 2024
Wynn Resorts’ Vegas Expansion Project Is Still Alive
A crucial decision by the Clark County Zoning Commission should significantly benefit Wynn Resorts’ Las Vegas ambitions. The Commission voted on Tuesday to extend the previously approved development plans for a new resort tower on the Strip, keeping the operator’s vision for a third tower alive amidst evolving regulations and competitive pressures. The Third Tower […]
Business
June 20, 2024
Tipico Names Hefer CEO as Baca Takes over as Supervisory Board Chair
German sports betting provider Tipico has named Axel Hefer as its new chief executive officer. In this position, Herfer will succeed Joachim Baca who will now take over as chairman of the supervisory board instead. Baca has led Tipico for the last eight years, playing a crucial role in the company’s growth into a sports […]
Business
June 20, 2024
GiG Continues Ontario Growth with Venture Labs Deal
Just after finalizing its €15 million bond issue, Gaming Innovation Group (GiG), an iGaming marketing and media leader, announced the signing of a head of terms agreement with Ventures Lab. A market-leading leading online sports betting and gaming group, Ventures Lab will become GiG’s fourth partner in Ontario. In line with GiG’s global growth strategy, […]
Industry
June 19, 2024
Svenska Spel to Publish Healthy Revenues Report
Svenska Spel, Sweden’s state-owned operator, announced its intention to start reporting how “healthy” its revenues are. Mirroring Kindred’s Journey Towards Zero reports, the initiative will see the Swedish operator disclose what portion of its revenues come from low-risk customers. According to Svenska Spel’s announcement, the first report of this kind will be published at the […]
Business
June 19, 2024
Flutter Adds Ex-Spotify Exec to Team, Names Soccer Legend as Betfair Ambassador
Flutter Entertainment has designated the experienced Mark Shaw as its new director of global payments strategy. A former Spotify executive, Shaw brings years of corporate experience to the team. Spotify isn’t the only noteworthy company Flutter’s new director has worked for. His impressive track record also includes stints with TSB Bank, Visa Europe and Vocalink. […]
Sports
June 18, 2024
Dallas Cowboys Welcome Aristocrat as Official Partner
The Dallas Cowboys have signed a sponsorship agreement with Aristocrat Gaming, a leading slot machine company. This would see the team join Aristocrat’s list of NFL partners, which includes the Oklahoma Raiders, New England Patriots and New Orleans Saints. While slots aren’t legal in the Cowboys’ home state, the partnership seeks to capitalize on the […]
