Industry
May 2, 2024
MGM Management Shares Insights on Long-Term Strategy
During a recent earnings call, MGM management discussed long-term strategy, focusing on various aspects, including the development of BetMGM, expansion into new markets, and growth projections. The company hopes to leverage its record-breaking Q1 results to bolster expansion, consolidate its position in core markets, and achieve lasting success. MGM Is Optimistic regarding Its International Operations […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
Business
May 2, 2024
Bally’s to Open Chicago Casino on Time, Doesn’t Plan to Rush Tropicana’s Redevelopment
Bally’s Corporation, which just posted its Q1 results, commented on its plans for the future. According to the company, its permanent Chicago casino should welcome its first guests by Q3 2026, despite the struggles. In the meantime, Bally’s will not rush the redevelopment of the Tropicana site. The gambling company addressed these issues during its […]
Business
May 1, 2024
Nick Hughes Becomes Bet365’s New CPO of Gaming
Gambling giant bet365 has named the experienced Nick Hughes as its new chief product officer of gaming. Hughes confirmed his appointment on LinkedIn, sharing his excitement about the new position. The newly-promoted appointee is no stranger to bet365’s business and has served the company for almost a decade now. Hughes joined the gambling powerhouse in […]
Business
May 1, 2024
Sportradar Bolsters Innovation with New Milestone Hire
Sportradar Group, a leading provider of sports data, fan insights, and betting liquidity, has announced the appointment of Behshad Behzadi as chief technology officer and chief artificial intelligence officer (CTO and CAIO), effective 1 May. Behzadi boasts substantial industry experience and will spearhead the implementation of cutting-edge advancements to elevate Sportradar’s offerings. Sportradar Embraces Innovation […]
Industry
May 1, 2024
Jackpocket’s Powerball Market Share Increased in March
Jackpocket has published information about its performance in March, saying that it has been the single most successful month in its history. America’s number one lottery app also noted that an unprecedented number of people participated in Powerball via the Jackpocket app. Jackpocket also reported experiencing its third-highest week in terms of order numbers and […]
Industry
May 1, 2024
DraftKings & Everi Appear on Energage’s Top Workplaces List
DraftKings and Everi, among other gaming companies, have appeared on Energage’s Top Workplaces USA 2024 list, highlighting the companies’ commitment to ensuring the well-being of their employees. The Top Workplaces award celebrates companies that prioritize people-centered culture and give their employees a voice. The list is based entirely on employee feedback. Everi, a Las Vegas-based […]
Business
April 26, 2024
Former GiG CFO Justin Psaila Joins White Hat Gaming
White Hat Gaming, a leading B2B provider in the iGaming industry, has announced the appointment of Justin Psaila as its new chief financial officer (CFO). Psaila brings nearly a decade of experience from his tenure at Gaming Innovation Group (GiG), where he served as CFO since July 2015. He should provide valuable input and help […]
