Industry
May 27, 2024
Report Highlights the Pros and Cons of Working at an MA Casino
A Massachusetts casino report shows that many gambling properties in the state are meeting their hiring goals in terms of diversity and veteran hiring. Despite that, the new Casino Job Quality report shows that there are still some outstanding challenges in terms of female employment and how much workers earn. The new study was […]
Business
May 24, 2024
Kindred Announces Major Shifts in Shareholding
Kindred Group, one of the world’s leading iGaming operators with business across several continents, has announced changes in the stakes held by two of its most prominent shareholders. In three consecutive updates, the company announced that The Goldman Sachs Group and JPMorgan Chase & Co have modified their respective shares in the company. Both companies […]
Business
May 24, 2024
Evolution Unveils Plans for $75M Live Casino Studio in New Jersey
Live casino specialist Evolution has submitted plans for a $75 million live dealer casino studio in Atlantic City. The new building will be responsible for the company’s iGaming operations in the state. The new studio would complement the company’s portfolio of live dealer studios, which includes a venue based in Hard Rock’s Ocean Casino Resort […]
Industry
May 24, 2024
Rev. Sharpton Is Concerned about DraftKings and FanDuel’s Hegemony
The Reverend Al Sharpton, a civil rights activist, Baptist minister and founder of the National Action Network civil rights organization, has expressed his concerns about DraftKings and FanDuel’s disproportionate betting market share. In a letter to chair Lina Khan of the Federal Trade Commission, Sharpton requested an examination of the potential adverse effects this “gambling […]
Business
May 23, 2024
DraftKings Completes $750M Acquisition of Jackpocket
In February, DraftKings finalized a $750 million acquisition deal with Jackpocket, a prominent lottery app in America. The transaction has now been officially completed, cementing the former company as the owner of the leading lottery specialist. Jackpocket is an app that has been favored by millions of customers across the US. Thanks to its innovative […]
Business
May 22, 2024
Better Collective Reports Robust Q1 Performance amidst Strategic Expansion
Better Collective, a leading sports betting media group, has reported robust performance in the first quarter of 2024, with significant growth in revenue and strategic acquisitions driving the company’s success. The recent acquisition of AceOdds and the following share buyback program further cement Better Collective’s commitment to diversifying its business and future-proofing its operations. Most […]
Business
May 22, 2024
Playtech Posts Trading Update, Caliplay Fees Remain Uncollected
Playtech has published а trading update for the period from January 1 to April 30, reporting a solid trading performance and robust underlying trends. The company’s successes, however, were partly offset by the customer-friendly sporting results, the report noted. In the four-month period outlined in the update, Playtech’s B2B division recorded strong performance thanks to […]
Industry
May 21, 2024
Merkur Gaming Sets Sights on Former Sex Shop Site
Merkur Gaming, a slot machine manufacturer and gaming hall operator, is eyeing opportunities to open a new cashino on the site of a former sex shop. Located on Northampton’s Abington Street, the location became available after the shop in question relocated last year. The high street site was the home of an Ann Summers shop, […]
Business
May 21, 2024
Allwyn Publishes Preliminary Unaudited Q1 Update
Allwyn has published a Q1 trading update, outlining certain preliminary figures. The announcement coincided with the launch of an offering of a USD-denominated Term Loan B in the principal amount of $450 million. The current update came ahead of the announcement of the company’s unaudited Q1 results which is set to take place on June […]
Business
May 21, 2024
Entain Concludes Strategic Review, Eyes Crystalbet Sale
Entain, a global sports betting and gaming giant, announced that its board’s Capital Allocation Committee (CapCo) has concluded its strategic review. The company had tasked the CapCo with creating a value optimization plan in January, asking it to thoroughly evaluate its business, markets, brands and verticals. After carefully considering various opportunities, the committee concluded that […]
