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Business
April 8, 2024
B Riley Resumes Coverage for AGS, Confirms Buy Rating
Currently, PlayAGS (AGS) is known as a leading gaming supplier across the globe. The company offers high-performing Class II and Class III slot games, as well as game cabinets and table products. AGS is also renowned for its leading technology, the quality of its games and the engaging experiences they offer. Last week, the leading […]
Business
April 8, 2024
B Riley Securities Confirms Neutral Rating for Everi
Recently, Everi announced a groundbreaking transformative merger with International Game Technology (IGT). The strategic business combination, valued at approximately $6.2 billion, is expected to see Everi merge with IGT’s Global Gaming and PlayDigital businesses, creating a new dynamic global gaming and fintech company that is expected to revolutionize the sector. Keeping in might the upcoming […]
Business
April 5, 2024
Moody’s Confirms Stable Outlook for LVS, Highlights Potential Credit Risks
The leading global provider of credit ratings, research and risk analysis, Moody’s Investor Service, released a new update, highlighting important details regarding the credit profile of the global gaming and entertainment giant, Las Vegas Sands (LVS). Earlier this week, the company published a credit analysis, highlighting that currently, LVS has a Stable Outlook. Moreover, Moody’s […]
Industry
April 5, 2024
Florida Greenlights the Use of Gambling Compact Money for Environmental Projects
Florida Governor Ron DeSantis has greenlit the use of gambling money for environmental projects. By signing SB 1638 into law, DeSantis ensured millions of dollars for a wide range of programs, including the removal of invasive species and the creation and maintenance of a state wildlife corridor. Under SB 1638, the state will provide annual […]
Industry
April 5, 2024
JPM: FanDuel Targets Future Growth, Regrets Insufficient Past Investments
JMP Securities analysts said that FanDuel regrets not investing more in customer acquisition, according to a NEXT.io report. Representatives of the investment group met with FanDuel executives over dinner, discussing a number of relevant topics. FanDuel Believes It Should Have Invested More in Acquisition As reported, FanDuel’s chief financial officer, David Jennings, and Flutter’s director […]
Business
April 4, 2024
Flutter Entertainment Plans Primary Listing Shift from London to New York
Flutter Entertainment Plc, the parent company of FanDuel, has announced plans to shift its primary listing from London to New York, hoping to capitalize on the fast-growing US market and attract new retail investors. The Dublin-based gambling giant has scheduled a shareholder vote on 1 May to seek approval for the move. The Move Should […]
Business
April 4, 2024
NagaCorp Publishes Q1 Results, Highlights VIP Segment Growth
NagaCorp, a Hong Kong-listed gambling company, has published its unaudited operational highlights for the first quarter of the year, reporting a significant increase in gross gaming revenue. The company’s results were underpinned by a strong performance of the premium VIP market. In the three months ended March 31, 2024, NagaCorp recorded a total GGR of […]
Industry
April 4, 2024
Dutch iGaming GGR Growth Is Slowing Down, KSA Says
The Netherlands’ gambling regulator, the Kansspelautoriteit (KSA), has published data about the legal iGaming industry’s performance in 2023. According to the authority, the gross gaming revenue of licensed operators increased, although the growth rate slowed down compared to the previous year. In 2023, the total GGR reached EUR 1.39 billion ($1.51 billion), up from EUR […]
Business
April 3, 2024
XLMedia Completes Sale of Freebets to Gambling.com
Betting media agency XLMedia has confirmed the completion of its recent deal with the performance marketing specialist Gambling.com Group. As previously agreed, the former party divested its sports betting and gaming assets in Europe and Canada in a $42.5 million deal. The agreement includes a fixed consideration of $37.5 million, which will be paid out […]
Industry
April 3, 2024
Massachusetts’ Lottery and Online Betting Recorded Suboptimal Revenues in February
Massachusetts’ State Lottery has suggested that the online sports betting sector is hurting its revenue but the latter vertical’s figures show that this might not be the full picture. The Lottery Seeks to Go Online The Massachusetts State Lottery is seeking to launch online lottery options in order to remain competitive amid the growing popularity […]
