Business
March 7, 2024
Entain Reports Favorable FY 2023 Results Despite Setbacks
Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. […]
Industry
March 7, 2024
IMF: Macau Economy to Return to Pre-Pandemic Levels in 2025
The International Monetary Fund (IMF) has published its outlook for Macau, projecting further recovery of its casino sector and overall economy. Gambling in the special administrative region was affected negatively by the COVID-19 pandemic and China’s Zero-COVID policy but is now on a firm path to recovery. According to the IMF, the recovering GGR will […]
Business
March 7, 2024
Betsson Launches Namesake Brand in Italy
Betsson, an international gambling operator, announced the launch of its flagship brand in Italy. Described as a “strategic move,” the launch will solidify the company’s presence in the country and cement it as a “preeminent global brand.” Betsson is no stranger to the Italian market. The operator has, for over a decade, operated the renowned […]
Business
March 7, 2024
Genius Sports Publishes FY 2023 Financials, Exceeds Expectations Once Again
Genius Sports, a leading data, technology and broadcast partner to the global ecosystem connecting sports, betting and media, has published its results for 2023. The year ended December 31, 2023, was very positive to the company, leading to growth across the board. Genius Sports’ financial metrics increases substantially, with the 2023 group revenue reaching $413 […]
Business
March 6, 2024
Imperial Pacific International Offers License Transfer amidst Legal Uncertainties
Imperial Pacific International (IPI), the once illustrious Saipan casino operator, proposed transferring its casino license to a new investor as part of a new settlement agreement, petitioning the Commonwealth Casino Commission (CCC) to consider its offering. This move aims to avoid the revocation of its license but has caused heated debates among industry stakeholders. IPI […]
Business
March 6, 2024
Strive Gaming Secures Investment for US Expansion
Strive Gaming, a leading Player Account Management (PAM) platform in the US betting and gaming industry, has announced a successful investment round led by prominent content, platform, and service provider OpenBet. The collaboration aims to strengthen both companies’ positions in North America, particularly in emerging tribal markets, capitalizing on gambling’s increasing popularity. OpenBet Welcomed the […]
Casino
March 6, 2024
Maryland Lottery and Gaming Posts Casino Financials for February
Maryland Lottery and Gaming published information about the financial performance of the state’s six casinos in February 2024. According to the regulator, revenue remained more or less stable. The authority said that the six casinos have reported a total gaming revenue of $159.22 million for February. This figure represents a modest 1.4% year-on-year increase from […]
Industry
March 6, 2024
Full House Resorts Posts FY 2023 Results, Enters Inflection Point
American casino & hospitality company Full House Resorts unveiled a “new phase” for its business as it published its unaudited Q4 and FY 2023 results. Overall, Full House reported Q4 revenues of $60 million, representing a 66.4% year-on-year increase, primarily driven by its American Place property. Adjusted EBITDA for the period skyrocketed, reaching $7.3 million, […]
Legal
March 5, 2024
Evolution Faces Lawsuit for Alleged Unlawful Business Practices
Pomerantz LLP, a law firm specializing in securities litigation, has announced the filing of a class action lawsuit against Evolution AB. The legal action revolves around allegations that Evolution and certain officers and directors engaged in securities fraud or other unlawful business practices, leading to incidents that negatively impacted the company’s share price. Ongoing Challenges […]
Industry
March 5, 2024
Vietnam Decree Says Betting Investors Would Need to Comply with Bidding Law
As Vietnam seeks to expand its wagering industry, the government said that operators wishing to offer legal betting on soccer events would need to take part in a bidding process. According to Hanoi Times, the process would determine whether these companies would secure a license. The Vietnamese news outlet said that the new measure is […]
