Business
March 22, 2024
Star Entertainment Announces Leadership Changes as NICC Probe Looms
Star Entertainment Group, an Australian gambling giant, is set to undergo another leadership reshuffle. As announced by the operator, Christina Katsibouba, its chief financial officer, is set to exit with immediate effect. More importantly, Robbie Cooke will step down as CEO amid the ongoing license suitability concerns. Katsibouba Departs, O’Connell Joins as Interim CFO Katsibouba’s […]
Business
March 22, 2024
Gambling.com Posts FY 2023 Results & FY 2024 Guidance
Gambling.com Group, a provider of high-performance digital marketing services for the iGaming industry, has posted its Q4 and FY 2023 results. In addition to that, the company updated its guidance for 2024. In Q4 2023, Gambling.com recorded revenue of $32.5 million, up from $21.3 million in Q4 2022. The company also reported quarterly adjusted EBITDA […]
Business
March 22, 2024
Rush Street Reportedly Eyes Sale, Reaches Out to DraftKings
Rush Street Interactive, one of the gaming groups in North America, is reportedly considering a potential sale amid a strategic review of its business. Anonymous sources also told Bloomberg that the operator has contacted a number of influential companies who could be potential buyers, including DraftKings. Rush Street, through its numerous brands, offers casino gaming […]
Industry
March 22, 2024
Clark County Releases Debriefing Report on Las Vegas Grand Prix
Clark County staff has compiled a comprehensive debriefing report on the Formula One race held on 18 November, shedding light on the event’s economic impact that brought significant financial gains for some while causing hardships for many small businesses along the Strip. The results should provide valuable takeaways for future races, helping reduce costs and […]
Business
March 21, 2024
Penta Investments Reportedly Considers Divesting Fortuna Entertainment
Penta Investments, which owns the betting and gaming powerhouse Fortuna Entertainment Group, is reportedly considering selling the operator. According to Reuters, the investment group onboarded JPMorgan to explore a potential sale. Fortuna, which is one of the leading gambling entities in Central and Eastern Europe, could sell for as much as 2 billion Euros, a […]
Business
March 21, 2024
Star’s Special Manager Is Being Paid $1M a Year, Report Says
Nicholas Weeks, the government-appointed special manager of Star Entertainment’s business is being paid almost $1 million a year for his work at the company’s Sydney casino, the Financial Review reported. Considering that Weeks is also responsible for overseeing the group’s casino in Queensland, his salary might be well over what Star CEO Robbie Cooke gets. […]
Legal
March 21, 2024
Bloomberry Ends Hostilities with GGAM via $300M Settlement
Bloomberry Resorts Group, one of the Philippines’ gambling leaders, has at last settled its conflict with Global Gaming Asset Management (GGAM), agreeing to buy its GGAM-owned shares back in a $300 million deal. This would effectively mark the end of a lengthy court battle. The issue stems from Bloomberry’s decision to cancel its contract with […]
Business
March 21, 2024
ZEAL Reports Strong FY 2023 Figures despite Weak Jackpot Environment
ZEAL Network, Germany’s leading provider of online lottery products, has published its FY 2023 report, once again demonstrating the strength of its business. The company expanded its position as a market leader despite Germany’s harsh regulations. According to ZEAL’s report, billings in the lottery sector increased to EUR 843.3 million ($920.6 million). Revenue, on the […]
Business
March 20, 2024
Gambling.com Group Closes $50M Credit Facility with Wells Fargo
Gambling.com Group Limited, an award-winning performance marketing company serving the iGaming industry, has announced the closing of a new credit facility with Wells Fargo Bank in the principal amount of $50 million. The credit facility is comprised of a $25 million revolving credit facility and a $25 million term loan facility, the marketing specialist added. […]
Business
March 20, 2024
Winible Secures $6 Million in Funding to Revolutionize Sports Betting Sector
Winible, an innovative e-commerce platform targeting sports influencers and experts, has announced a significant milestone with the successful closure of a $6 million seed funding round. This funding, led by Inspired Capital, marks a pivotal moment for Winible as it aims to disrupt and transform the sports betting and gaming markets. The Platform Targets an […]
