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Industry
October 17, 2023
Stifel Expert: M&A Activity May Rekindle Slot Machine Stock
Jeffrey Stantial, an expert from the American multinational independent investment bank and financial services company Stifel commented on the state of slot manufacturers stock. As reported by casino.org, he noted that the sector’s stock isn’t in great shape but M&A activity could potentially change that. Most slot managers Stantial contacted cited stable NTM purchasing intentions, […]
Business
October 16, 2023
Mansion Group Shuts Down Casino.com and MansionCasino.com
Several months after leaving the UK market, Mansion Group has also unveiled the shutdown of its B2C brands, Casino.com and MansionCasino.com. As reported by SBCNews, the two brands will cease to operate in less than two weeks. Things haven’t been easy for the Gibraltar-based casino brand, which was also forced to cease trading its MansionBet […]
Business
October 16, 2023
Per Widerström Officially Assumes CEO Position at 888
Per Widerström, Catena Media’s former non-executive director, has begun work as 888 Holdings’ new chief executive officer. The appointment, which was announced earlier this year, will see the appointee relocate to London to stand at the head of the prestigious gambling company. Widerström boasts some 17 years in the online casino industry and has served […]
Industry
October 13, 2023
Kansas Sports Betting’s September Results Broke the March Record
Kansas is one of the latest states to launch legal sports betting, expanding the industry’s presence across the United States. A year later, the Sunflower State’s wagering industry continues to grow, as shown by the increased interest in the vertical. The continued growth of sports betting resulted in a monthly handle of $219.3 million in […]
Business
October 13, 2023
Disney Ready to Enter the Sports Betting Arena with ESPN Bet App
Disney is making a significant leap into sports betting by launching the ESPN Bet app next month. While the move has stirred internal debates and concerns, the allure of attracting a younger, predominantly male audience and tapping into the growing sports betting industry has proven too compelling to ignore. The Partnership Leverages Disney and Penn’s […]
Business
October 13, 2023
Mohegan Names Greene as VP of Online Marketing of Digital Division
Casino & hospitality giant Mohegan has reinforced its leadership team with the addition of Guy Greene. The new appointee will serve as vice president of online marketing of the gambling company’s online casino division, helping it expand its footprint. In his new role, Greene will be responsible for enacting the company’s marketing strategies and promoting […]
Business
October 13, 2023
Hofbauer Departs Svenska Spel, Set to Join Telia as CEO in 2024
Swedish state-owned gambling company Svenska Spel announced that it will be parting ways with Patrik Hofbauer, who is set to explore new opportunities. Hofbauer, currently serving as the operator’s president and chief executive, believes that the gambling company is in a good position to continue without him. The outgoing CEO joined Svenska Spel back in […]
Casino
October 12, 2023
A New Casino Project Would Breathe Life into Isle of Man’s Capital
Altostratus Limited, an Isle of Man-based firm, has submitted a proposal for the development of a new casino in the British Crown dependency’s capital. The project would see a new property established at the Middlemarch site in Douglas. Altostratus’ project envisions turning the site into a six-story casino building packed with a gaming space, a […]
Industry
October 11, 2023
The Q2 Results of Ontario’s iGaming Industry Remain Stable
Ontario’s iGaming market remains stable as demonstrated by the market’s unaudited second quarter results. Data from iGaming Ontario shows that players in the Canadian province have wagered a total of $14.2 billion (around USD 10.4 billion) during the period, not counting any promotional wagers and bonuses. For reference, this number represents a slight growth from […]
Business
October 11, 2023
Caesars Entertainment Shares Dip, but Maintains Its Potential
Caesars Entertainment, a leading player in the gaming industry, has seen a 14.37% decline in its shares over the past month, primarily due to recent cybersecurity challenges and concerns about economic headwinds. However, following meetings with Caesars executives at the Global Gaming Expo (G2E) in Las Vegas, Stifel analyst Steven Wieczynski published a report reiterating […]
