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Gambling News - 'Business'
Business
September 7, 2023
OpenBet Welcomes Sam Depoortere as VP of Platform Products
OpenBet, a leading provider of technology, content and services to the sports betting industry, has reinforced its product leadership. As announced, the company has appointed the experienced Sam Depoortere as its new vice president of platform products and will rely on him to drive innovation. In his new position, Depoortere will leverage his years of […]
Business
September 7, 2023
STS Group Strengthens Leadership Position with Impressive H1 Results
STS Group’s H1 trading results revealed a remarkable increase in net gaming revenue and impressive growth across most metrics. These stellar financial results underscore the company’s potential ahead of the upcoming Entain acquisition as the gambling giant focuses on the Central and Eastern Europe (CEE) region. The deal should significantly bolster STS’ growth potential and […]
Business
September 6, 2023
Betsson Completes $80M Bond Issue, Considers M&A Activity
A day after launching in Serbia, Betsson unveiled its plans for further expansion through acquisitions. As announced, the gambling group has completed a EUR 75 million (around $80.4 million) bond issue to fuel its M&A ambitions. The company explained that the issue is under a framework of up to EUR 250 million ($267 million) and […]
Industry
September 6, 2023
Veikkaus to Undergo Restructuring ahead of the Upcoming Reforms
Veikkaus, a Finnish entertainment body currently acting as a gambling and lottery monopoly, is preparing for major system changes that will see a licensing model introduced in the country. Soon, Finland will begin the process of expanding its gambling industry, effectively putting an end to Veikkaus’ hegemony over the market. Finland’s government decided to terminate […]
Casino
August 31, 2023
Finlandia Casino Rebrands to Winlandia Aiming for Global Gaming Dominance
After a decade of captivating Finnish players under the name Finlandia Casino, the renowned online casino has undergone a major rebranding initiative and emerged as Winlandia. Winlandia’s Vision: Expanding Across Europe with Personalized Gaming What originally began as a dedicated online casino platform for Finnish players has now evolved into a broader vision. Winlandia is […]
Business
August 30, 2023
Star Entertainment Has Implemented 22 of the 30 Bell Review Recommendations
Star Entertainment, an Australian casino & hospitality giant, continues to implement its remediation plans, improving its practices in the wake of regulatory hurdles. As outlined in a report by NSW’s Minister for Gaming and Racing, David Harris, the company has now implemented more than two-thirds of the Bell Review recommendations. In September 2021, NSW’s regulator […]
Business
August 29, 2023
Rivalry Publishes Q2 Results, Reports Spectacular Growth
Esports betting specialist Rivalry has published its Q2 2023 report, highlighting another favorable quarter. The gaming and sports betting operator reported a spectacular increase in handle and updated its guidance. Rivalry reported record-breaking Q2 revenue of roughly $6.4 million (converted to USD from CAD). This represents a remarkable 60% increase from Q2 2022, demonstrating the […]
Business
August 29, 2023
PointsBet to Return Millions to Shareholders Following the Sale of Its US Arm
PointsBet will return millions to its shareholders following the sale of its US business to Fanatics Betting and Gaming. This was confirmed during the company’s latest extraordinary general meeting. PointsBet agreed to divest its US assets on June 30, selling its American operations of $225 million. The transaction is intended to take place over a […]
Business
August 28, 2023
Bragg Gaming Group Names Mazij CEO as Sherman Steps Down
Bragg Gaming Group, which just teamed up with bet365 in Ontario, announced the appointment of its board of directors chair, Matevž Mazij, as chief executive officer. Effective immediately, the move will see Mazij replace the outgoing Yaniv Sherman. In addition to chairing Bragg Gaming’s board, Mazij is also the company’s largest stakeholder, the announcement noted. […]
Slots
August 24, 2023
Jacks.nl Joins Formula 1 Heineken Dutch Grand Prix as a Main Sponsor
Formula 1 Heineken Dutch Grand Prix announced that Jacks.nl, a Dutch gambling company, will serve as one of its principal sponsors. From 2024 onwards, the operator will join the list of the Dutch Grand Prix’s partners, which includes major companies such as Pon, Heineken, Radio 538 and Jumbo. Formula 1 Heineken Dutch Grand Prix’s sporting […]