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Business
December 5, 2023
Allwyn’s Strong Q3 Results Were Driven by the Camelot Acquisition
Lottery leader Allwyn has published its Q3 2023 preliminary unaudited results, highlighting the contribution of the company’s acquisition of Camelot. In Q3, Allwyn reported consolidated total revenue of EUR 2 billion (approximately $2.16 billion), representing a stellar 98% year-on-year increase. As mentioned, these results were underpinned by the company’s recent acquisitions. Excluding these, the company’s […]
Casino
December 5, 2023
Nebraska Gaming Undermines Iowa’s Council Bluffs Casinos
Nebraska’s launch of legal casino gaming has impacted casinos in the neighboring state of Iowa. As reported by the Omaha World-Herald, two big Council Bluffs casinos have been recording lower revenues – an impact that was also outlined in the American Gaming Association’s (AGA) Q3 revenue report. Eastern Nebraska launched slot gaming in late 2022, […]
Industry
December 4, 2023
Gambling-Related Crime in Macau Increases as the Industry Rebounds
Macau’s gaming industry reported a significant year-on-year gross gaming revenue increase in November. The special administrative region’s gambling sector was impacted negatively by the COVID-19 pandemic but seems on a steady path to recovery. According to the report, the local gambling operators recorded GGR of almost $2 billion last month, marking a stellar 435% year-on-year […]
Business
December 4, 2023
Sports-Betting Startup Mojo Announces Substantial Layoffs amid Strategic Pivot
Mojo, the sports-betting startup co-founded by MLB icon Alex Rodriguez and Jet.com co-founder Marc Lore, is undergoing significant changes as it announces a 20% reduction in its workforce. The company confirmed this decision, while sources close to the organization revealed it is part of a broader strategic shift. The Company Is Reevaluating Its Market Position […]
Business
December 4, 2023
Playtech Eyed a £700M Acquisition of William Hill
British gambling company William Hill has rejected a takeover attempt from Playtech, according to a report by The Sunday Times. The news outlet claimed that the latter company offered £700 million (approximately $887 million) for the acquisition. According to unspecified sources, Playtech tried to acquire William Hill in July. The former company may have sought […]
Business
November 30, 2023
Picklebet Secures AUD 15M in Series A Funding
In a significant stride towards expansion and innovation, Picklebet, the Australian avant-garde betting and media company blending esports, sports, and internet culture, announced the successful closure of its AUD 15 million Series A funding round. Substantial investor interest highlighted the operator’s significant potential and will help it capture a market niche with its unique and […]
Business
November 30, 2023
ZEAL Network to Part Ways with CCO Sönke Martens
ZEAL Network, an international group of lottery companies, will be parting ways with its chief commercial officer. The outgoing CCO will remain with the company for a while to ensure a seamless transition of responsibilities. As announced, CCO Sönke Martens is set to depart from his position at the end of February 2024. However, he […]
Casino
November 30, 2023
Cordish Unveils Groundbreaking Ceremony for Live! Casino & Hotel Louisiana
The Cordish Companies is set to begin construction on its new Louisiana property in two weeks. The groundbreaking ceremony for Live! Casino & Hotel Louisiana is set to take place on December 13 and will see the company’s chairman and president personally take part. The new $270 million property will mark The Cordish Companies’ gambling […]
Business
November 29, 2023
Kindred Posts Q3 Results, Announces NA Exit
Kindred Group has published its unaudited interim report for the period from January to September 2023. Revenue in the third quarter remained stable, leading to positive year-to-date results. In Q3, Kindred’s revenue reached GBP 283.9 million (roughly $360 million), representing an increase of 2%. Gross winnings revenue from the business-to-customer division increased by a single […]
Business
November 28, 2023
Lottomatica to Issue €500M in Debt Bonds and Borrow €50M to Fund the SKS365 Deal
Earlier this month, Lottomatica, an Italian gaming giant, announced its plans to acquire 100% of SKS365’s share capital. The deal, which values the latter business at €639 million ($702 million) was signed recently and, if cleared by all relevant regulators, is set to close in the first half of 2024. As a result of this […]
