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Business
July 31, 2023
Fox Corp. and Flutter to Shutter Their Fox Bet Online Wagering Business
As the joint project of Fox Corp. and Flutter Entertainment, Fox Bet was perfectly positioned to capitalize on the growing US online sports betting market. However, disagreements between the two companies and diverging interests meant the project never reached its full potential. The impending shutdown will undoubtedly create short-term instability, but Flutter’s dominating market position […]
Business
July 28, 2023
PointsBet Reports Impressive FY 2023 Financials
PointsBet’s sale of its US arm to Fanatics in the final quarter of the fiscal year represented one of the primary drivers behind its stellar performance, allowing the company to focus on its other lucrative markets while unlocking significant value through the sale. Despite the tense acquisition process, the Australian operator emerged stronger than ever, […]
Business
July 28, 2023
FDJ Moves In to Acquire Irish National Lottery Operator PLI
French lottery operator Française des Jeux (FDJ) has made a significant move in the international gaming market with its agreement to acquire Premier Lotteries Ireland (PLI), the operator of the Irish National Lottery. The acquisition marks a strategic expansion for FDJ into the Irish gaming landscape, solidifying its position as a key player in the […]
Business
July 27, 2023
NOVOMATIC Africa Introduces Management Team Changes
NOVOMATIC’s African unit, NOVOMATIC Africa, unveiled a new management structure. The changes to its team will come into effect starting August 1. As announced by the company, Sonya Nikolova, one of its board of directors members and biggest contributors to the company’s growth in South Africa, will move back to Europe. Following her exit from […]
Industry
July 27, 2023
New Proposal Seeks to Eliminate Hotel Resort Fees
Resort fees are a form of additional payment that applies to visitors of resorts and hotels for different amenities. Usually, such fees are applicable for special amenities, but over the last decade, they have become infamous for increasing exponentially the bills for guests of hotels. While some hotels or resorts would indicate such fees may […]
Business
July 26, 2023
BetMGM Publishes Impressive H1 Results
North American gaming giant BetMGM has published a report on its performance during the first half of 2023. In addition, the company provided an update on its outlook for its full-year performance. The company, jointly owned by MGM Resorts International and Entain, announced that has finished the first half of the year with a very […]
Business
July 26, 2023
Light & Wonder Paves the Way to ESG Excellence with Inaugural Report
Light & Wonder has reaffirmed its commitment to becoming a global leader in Environmental, Social, and Governance (ESG) issues, releasing its first-ever ESG report. The comprehensive document highlights the company’s progress and achievements over the past year, helping it identify areas requiring additional improvements. The developer’s commitment to positive change should bolster its broader market […]
Industry
July 26, 2023
MGCB iGaming Stable, Online Betting Continues to Decline
Michigan’s Gaming Control Board (MGCB) published data about the performance of its licensed operators in June. The regulator said that commercial and tribal operators in the state collectively earned $169.3 million from iGaming and online sports betting. This figure, the authority added, represents an 8.9% month-on-month decrease in gross receipts. The change is attributable to […]
Business
July 26, 2023
Spinomenal Supplies Palms Bet with Content, Expands in Bulgaria
Spinomenal, a provider of cutting-edge online casino content, has minted a new Bulgaria-facing agreement with a major local operator. Under the new deal, the provider will power Palms Bet, a leading local iGaming and sports betting operator, with games. As agreed, Spinomenal will leverage the CT Interactive platform to inject its full portfolio of games […]
Business
July 25, 2023
SkillOnNet Joins Forces with BF Games in Content Partnership
SkillOnNet aims to strengthen its platform by incorporating new and popular casino games from leading software providers. BF Games’ visually stunning and engaging titles will enhance the player experience, giving the operator an edge over the competition. This mutually beneficial agreement will allow BF Games to reach new audiences, creating enduring growth opportunities. Quality Content […]
