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Business
August 11, 2023
GAN Posts Q2 Results, Shares Optimism about H2
North American B2B and B2C iGaming company GAN has posted its financial result for the second quarter of the year. The period ended June 30 marked another quarter of mixed metrics. Following its suboptimal performance in Q1, the company posted Q2 revenue of $33.8 million, marking a slight year-on-year decrease from last year’s $35 million. […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
Business
August 10, 2023
Entain’s Strong H1 2023 Report Reflects Impressive Growth
Entain’s impressive financial achievements highlight the group’s continued success and ability to navigate the evolving landscape of the iGaming industry. Despite a potentially costly HMRC settlement, the gambling giant achieved notable success in its core markets and seized many new expansion opportunities, guaranteeing enduring growth. A growing customer base and improved community-focused efforts should ensure […]
Legal
August 10, 2023
Entain Hedges Against HMRC Ruling with $750M Provision
The leading global betting, gaming and interactive entertainment group, Entain, announced that it has set aside some £585 million ($747 million) regarding its ongoing deterred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS) over an investigation by the HMRC for one of its former Turkish-facing businesses. The business, which was under the name […]
Business
August 9, 2023
Light & Wonder Signs Definitive Deal to Acquire SciPlay
Light & Wonder, a manufacturer of gambling products, announced that it has signed a definitive agreement to acquire the remaining 17% equity interest in SciPlay that it doesn’t currently own. The two parties agreed on a price of $22.95 per share in all-cash transactions. The move secured the approval of the board of directors of […]
Business
August 9, 2023
Catena Successfully Completes Share Buyback Program
Such a strategic move should have many significant long-term benefits to the organization, aligning with its goals to streamline its business and refocus on core markets. A sturdy financial foundation will be instrumental in Catena Media’s planned 2024 North Carolina launch, requiring significant capital and lasting shareholder confidence. The Company Completed Its Short-Term Objectives Catena […]
Business
August 7, 2023
Genius Sports Updates 2023 Guidance in the Wake of Spectacular Q2 Results
Genius Sports, a data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, has published its financial results for the second quarter of the year, highlighting its recent successes. The company’s revenue for the period exceeded the company’s expectations, causing it to update its guidance. As reported by Genius Sports, […]
Business
August 7, 2023
Per Widerström Departs Catena Media to Take the Helm at 888 Holdings
Per Widerström’s decision to step down comes as he embarks on an exciting new chapter in his career, taking on the prestigious position of chief executive officer at renowned iGaming giant 888 Holdings. Widerström’s new appointment is a testament to his extensive expertise and exceptional track record within the iGaming sector. His time at Catena […]
Business
August 4, 2023
Red Rock Resorts Publishes Q2 Report, Highlights Strong Net Income
Red Rock Resorts, a casino and hospitality company, published its Q2 report for the three months ended June 30. The company reported a very slight year-on-year drop in net revenues from $422.2 million in Q2, 2022, to $416.1 million in Q2, 2023. Net income, on the other hand, skyrocketed by a whopping 130.9% to $74.9 […]
Industry
August 4, 2023
Aristocrat Suffers Cyberattack, Implements Remediation Measures
Aristocrat Leisure, a global gaming content and technology company, just suffered another devastating cyberattack. As a result, personal information belonging to employees was leaked. According to the company, a criminal hacker exploited a newly identified vulnerability in MOVEit, a third-party file-sharing software employed by Aristocrat. The announcement claims that the hacker leveraged the vulnerability to […]
