Business
July 19, 2024
Evolution Reports Mixed Q2 Results Amidst Strategic Shift
Live casino giant Evolution has reported mixed results for Q2 2024, reflecting high growth in its live segment but slow performance in its RNG division. Despite rising investor uncertainty following the report, Evolution CEO Martin Carlesund remained optimistic, highlighting several positive developments that should lead to long-term gains and cement the company’s leadership position. Many […]
Business
July 19, 2024
Massive IT Outage Impacts Gambling Operators across the Globe
A number of industries were affected by a global technical issue on Friday. The tech outage impacted banks, hospitals, airlines and even the gambling sector. Media reports confirmed that the technological outage follows an update by CrowdStrike that resulted in issues for Microsoft users. The massive technology problem caused issues for companies across Europe, Asia, […]
Business
July 19, 2024
Betsson Reports Solid Q2 Results, Enjoys Boost from Sports Events
Betsson AB, the growing gambling operator with a strong presence across the globe, released its latest financial update, highlighting strong performance throughout the second quarter. The latest update comes on the heels of the stellar first quarter results reported by the company earlier this year. Continuing this positive trend, Betsson acknowledged that its interim Q2 […]
Business
July 19, 2024
North America’s iGaming Growth to Slow Down in 2025, Analyst
The online gambling sector across North America is expected to close the current year with solid results. Yet, the growth of the iGaming and online betting sector is expected to undergo a slight dip in 2025 before once again demonstrating solid performance in 2026, a Wall Street analyst predicts. Across the United States, sports betting […]
Industry
July 17, 2024
New Jersey Announces June 2024 Gaming Industry Results
The New Jersey Division of Gaming Enforcement (DGI) released its newest gambling industry financial report for June 2024. The total gaming revenue for New Jersey’s nine casino hotel properties settled at $244.1 million, a modest increase of 1.0% compared to $241.6 million reported in June 2023. Year-to-date win stood at $1.36 billion, consistent with last […]
Business
July 17, 2024
CIRSA Takes Lead in Peru After Acquiring 70% Stake in Apuesta Total
The Blackstone-owned group that aims to be a “global leader in the leisure and entertainment sector through a commitment to society, excellence, profitability, and efficiency,” CIRSA, has announced it acquired a 70% stake in Peru’s most successful sportsbook, Apuesta Total. As a result of the acquisition, CIRSA has become the majority shareholder of the entertainment […]
Blockchain
July 16, 2024
Founder of Crypto Casino Admits to Misusing Investor Funds, Resigns
The founder of an up-and-coming crypto casino that seeks to deliver customers odds equal to the ones with the house, reportedly admitted to gambling away a solid sum belonging to investors. The case involves the crypto casino platform, Zero Edge and its founder, Richard Kim. Besides the founder of Zero Edge, Kim was formerly a […]
Casino
July 15, 2024
Smart Chip Tray Creator Pushes Forward Despite the Setbacks
Darrell Ratliff, the developer of the innovative Smart Chip Tray, continues his efforts to cement his product as a staple at casinos despite all the difficulties he continues facing. A former US Marine, Ratliff hopes to leverage his product to eliminate cheating at casinos while reducing costs for gambling properties. The Smart Chip Tray uses […]
Business
July 12, 2024
ComplianceOne Reportedly Enters Insolvency Due to Financial Difficulties
ComplianceOne Group, a provider of compliance solutions to gambling operators, is entering insolvency, according to NEXT.io. The company’s chief executive attributed the development to the fact that his company had failed to secure enough contracts. CEO Antonio Zanghi told NEXT.io that his team will no longer be able to meet its financial obligations due to […]
Casino
July 12, 2024
Bally’s Corporation Secures $2B in Funding for Its Permanent Chicago Property
Bally’s Corporation has secured funding for its permanent casino in Chicago from Gaming and Leisure Properties thanks to a new lease arrangement. This will allow the former company’s property in the city to progress after a period of financial uncertainty. According to the announcement, an affiliate of Gaming and Leisure Properties agreed to acquire the […]
