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Gambling News - 'Business'
Business
June 26, 2023
Star Entertainment Unveils Sale of Gold Coast Property
Australian casino giant Star Entertainment Group is set to sell the Sheraton Grand Mirage Resort Gold Coast property. This announcement comes amid very difficult times for the company that have seen it lose public trust. The operator was negatively impacted by probes into its business that discovered severe regulatory failures. Forced to pay two fines […]
Business
June 14, 2023
Michigan Posts the May Results of Its Detroit Casinos
The Michigan Gaming Control Board posted an update on the performance of the three Detroit casinos in May. The overall revenue experienced a slight decline. The regulator noted that the three casinos earned a total of $105.6 million in monthly aggregate revenue. The MGM casino performed the best out of the three, posting a market […]
Business
June 14, 2023
Groupe Partouche Reports Impressive Q2 Results
Groupe Partouche, a leading European operator, has published its financial results for the second quarter of the fiscal year (February 2023 – April 2023). In addition, the company highlighted its consolidated turnover for the first half of the year (November 2022 – April 2023). The group noted that during the second half of the previous […]
Business
June 13, 2023
ComplianceOne Group Bolsters Senior Management with Three Appointments
The new hires- Robert Yuile as COO and managing director for DataVault ONE, Martin Hodges as leader of the marketing division, and David Schubert as sales director- bring a wealth of experience and expertise to their respective roles. As a leading provider of compliance and risk management solutions, ComplianceOne aims to assemble a proficient management […]
Business
June 13, 2023
888 Concludes Paf Deal, Divesting Its Latvian Properties
888 Holdings maintains its consolidation strategy, aiming to streamline operations and concentrate on strategic growth. The sale of its Latvian assets should allow the company to allocate resources more effectively. On the other hand, Paf regards the takeover as a long-term investment, cementing its position in the Baltic nation. The Deal Aligns with 888’s Restructuring […]
Business
June 13, 2023
Livespins Adds Marko Erakovic as Sales Director
Livespins, a company dedicated to providing fans with social, live-streaming casino experiences, has reinforced its commercial team with a new appointment. The company announced that it has designated Marko Erakovic as its new sales director. The appointment, Livespins noted, comes amid an intense period that has seen the social gaming specialist form multiple partnership agreements. […]
Industry
June 8, 2023
Ivo Doroteia Takes the Helm at Playbook Engineering, Promising Enduring Success
With his extensive background and proven track record in the gaming and technology sectors, Doroteia can lead Playbook Engineering into a new era of innovation and growth. His passion for improvement and focus on proactive action aligns perfectly with Playbook Engineering’s vision and will be instrumental in its ambition to remain a global iGaming leader. […]
Industry
June 8, 2023
UKGC Publishes GGY Report, Highlights Improvements
The UK Gambling Commission has published a report outlining the changes in gambling behavior in response to the current environmental factors in the country. As it turns out, gross gaming yield (GGY) experienced a slight increase in spite of the economic challenges. The data was sourced from operators during the period March 2022 – March […]
Business
June 7, 2023
Stakelogic Concludes Milestone Deal with Industry Giant Paddy Power Betfair
A recent announcement by Stakelogic outlined the partnership details, which marks a significant milestone for both companies. The supplier’s ever-growing collection of popular titles will be instrumental for Betfair as the operator seeks to regain its footing in the UK amidst recent controversies. Stakelogic, in turn, maintains its expansionist mindset, solidifying its prime market position. […]
Business
June 7, 2023
Rank Group Designates Andrew Peat as Managing Director
Rank Group, a UK-based gambling company, has expanded its team with a new managing director of its Rank Interactive division. The one up to the task is the experienced Andrew Peat who will take up the role later in 2023. Peat is no stranger to the betting industry and is currently a sportsbook director at […]