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Gambling News - 'Global'
Business
December 9, 2024
Allwyn Q3 Boosted by Strong Performance in Key Markets
Allwyn has published its preliminary unaudited financial results for the third quarter of 2024. As the company recorded increases across the board, CEO Robert Chvatal expressed excitement about its standout performance in Greece and Cyprus. A Strong Quarter for Allwyn In Q3 2024, Allwyn reported a total revenue of EUR 2.14 billion ($2.26 billion), marking […]
Business
December 9, 2024
Yolo Entertainment Enhances Leadership with New COO, Three Directors
Yolo Entertainment, the company behind several leading iGaming brands, has enhanced its team with the addition of a new chief operating officer and three new directors. The new appointees will bolster the group’s leadership, allowing it to maintain its growth curve. Sandra Vask Will Head the Daily Business Operations The new addition to the group’s […]
Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Industry
December 3, 2024
WHO Proposes Gambling Ads Ban, Says Stricter Regulation is Needed
The World Health Organization (WHO) has expressed skepticism about the effectiveness of safer gambling measures, promoting stronger solutions instead. The organization highlighted the serious societal dangers gambling poses and urged jurisdictions to adopt a more resolute approach. Stricter Measures Are Needed, the WHO Says The WHO slammed the gambling industry’s safer gambling measures, saying that […]
Business
December 2, 2024
High-Stakes Bitcoin Bets via Polymarket Leave Gamblers Reeling
Event contract platforms such as Kalshi and Polymarket attracted a large number of bets on the recent Presidential Elections in the United States. While sportsbooks proved to be more accurate than polls in predicting the win of Donald Trump, many bettors won hefty wagers on the elections. Bitcoin’s Price Couldn’t Break the $100K Barrier in […]
Business
November 29, 2024
Blackstone Plans Spain IPO for Cirsa in 2025
Blackstone, the US-based private equity firm, is getting ready to put some of its shares in the Spanish gambling company Cirsa on the Madrid stock exchange at the start of 2025. IPO Planned as Blackstone Eyes €700M to €1B Market Valuation The company wants to float 20% to 25% of Cirsa, with people thinking it […]
Industry
November 27, 2024
Study: Gambling Harm Is Linked to the Industry’s Expansion
A new study has uncovered a link between the proliferation of gambling and the increasing gambling harm rates. Based on data from tens of thousands of gamblers, this latest research claims that gambling harm is something that exists beyond the individual level. Harm Should Be Addressed at a Societal Level The findings of the groundbreaking […]
Business
November 25, 2024
Lottoland Celebrates 20M Players Worldwide
Lottery provider Lottoland just celebrated a major milestone as its platform surpassed 20 million customers worldwide. Now over ten years old, the lottery company continues to provide players with engaging lottery games. A Major Milestone for the Company Lottoland was founded in 2013 and has since been going from strength to strength. The company currently […]
Industry
November 22, 2024
Roblox Updates Parental Controls, Safety Systems amid Ongoing Lawsuit
Amid the looming class-action lawsuit against the popular online gaming platform, Roblox, the platform updated its safety systems and parental controls. Announced earlier this week, the major update seeks to protect consumers, mainly children, by implementing robust controls and safety features. New Communications Restrictions, Labels and Limits Roblox explained that the changes were implemented and […]
Industry
November 21, 2024
IGT Confirms Cybersecurity Incident, Launches Investigation
Cyberattacks are not uncommon, especially in the global gambling industry. In 2023, two recognizable gambling operators became victims of cybersecurity breaches. That is the case for MGM Resorts and Caesars Entertainment. Now, another recognizable company within the vertical was affected by a cyberattack. The Cyberattack Temporary Impacted Internal Systems and Applications A filing with the […]