Gambling News - 'Business'
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
Business
April 23, 2024
PENN Names Ex-Disney Tech Executive Aaron LaBerge as CTO
PENN Entertainment has unveiled the appointment of the experienced Aaron LaBerge to its team. According to the announcement, the former Walt Disney tech specialist will serve the operator group as its new chief technology officer, effective July 1. In his new role, LaBerge will leverage his expertise to drive the company’s technology strategy and execution. […]
Business
April 22, 2024
Tom Daniel Bolsters Huddle Management Team as SVP of Trading
Huddle, a leading provider of trading solutions, announced the appointment of Tom Daniel as senior vice president of trading. Daniel will lead Huddle’s trading operations, driving strategic initiatives and spearheading innovation to elevate the firm’s trading capabilities. Daniel is poised to take center stage in advancing Huddle’s position as a market leader. Daniel Brings a […]
Industry
April 22, 2024
Mississippi Gaming Commission Posts March Betting Report
The Mississippi Gaming Commission has published its Sports Wagering Report for March 2024, outlining the sports betting industry’s performance during the third month of the year. The figures reported by the regulator demonstrate a noticeable year-on-year decrease in revenue. Despite that, March’s results were significantly stronger than those reported in February. Central Mississippi was the […]
Business
April 22, 2024
Kindred Publishes Its Quarterly Journey Towards Zero Report
Kindred Group has published its new Journey Towards Zero report, highlighting the fluctuations in revenue from high-risk players. The initiative seeks to minimize the money the operator company makes from such players. According to Kindred, the first quarter of 2024 saw a slight increase in revenue from high-risk players to 3.2%. Additionally, the company reported […]
Business
April 19, 2024
The Star Gold Coast CEO Steps Down, Interim CEO Appointed
The Star Entertainment Group, an Australian casino and betting company, has parted ways with another C-suite member as the second NICC probe looms. As reported, Jessica Mellor, chief executive officer of Star Gold Coast, will step down after several months in the position. Mellor was appointed as the property’s chief operating officer in 2019 and […]
Business
April 19, 2024
888 Publishes Q1 Report, Targets Growth in Q2
Global gaming powerhouse 888 has published its trading update for the first quarter of the year (the three-month period ended March 31), reporting a slight increase in overall revenue. The company’s report highlighted group revenue of £431 million ($535.8 million), a figure that exceeds the £420-430 million guidance outlined in the company’s previous report. The […]
Industry
April 18, 2024
Pennsylvania Gambling Revenue Surges to Record High in March
March 2024 witnessed a historic milestone for Pennsylvania’s gambling industry as it reached an all-time monthly high in combined total revenue, according to the Pennsylvania Gaming Control Board (PGCB). The staggering revenue figure of $554,625,294 eclipsed the previous record set in December 2023, marking a significant leap forward for the state’s gaming sector. iGaming Remains […]
Business
April 18, 2024
FDJ Posts Q1 Results, Confirms Readiness to Acquire Kindred
La Française des Jeux (FDJ), France’s leading gaming operator, has published its Q1 results, reporting an increase in revenue. The group experienced significant growth across several segments and reaffirmed its acquisition of Kindred Group. Gaming revenue in France reached EUR 645 million ($688 million), up 3% year-on-year. Total revenue for Q1 2024, on the other […]
Business
April 18, 2024
Rank Group Posts Q3 Report, Highlights Strong Performance in UK & Spain
The Rank Group has published its financial report for the third quarter of the fiscal year (the quarter ended March 31, 2024). In its trading update, the company outlined increases across the board, just as expected by the board. The group’s LFL net gaming revenue (NGR) for Q3 stood at £182.3 million ($227.4 million), representing […]