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Business
October 25, 2024
Better Collective Streamlines Operations, Updates 2024 Financial Plans
Digital sports media group Better Collective released preliminary financial results regarding the third quarter of the year along with an updated full year 2024 financial guidance. The Company Remains Focused on Sustainable Long-Term Success Focusing on the preliminary unaudited figures, the company confirmed it anticipates revenue in the realm of €81 million ($87.7 million) for […]
Industry
October 25, 2024
New Study Reveals Health Impact of Gambling Industry Boom
A newly released report focused on the impact of gambling across the globe, warning about the dangers of such activities and submitting recommendations on how to combat excessive gambling and protect the public. 80 Million People Are Affected by Problem Gambling The report was published by The Lancet, one of the world’s highest-impact academic journals. […]
Business
October 24, 2024
Betsson Posts Strong Q3 Results, Looks Forward to Favorable FY Report
Betsson has published its interim report for the third quarter of the year, posting record-breaking revenue levels ahead of its launch in Brazil’s regulated market. Betsson’s Q3 Was Underpinned by High Activity in Key Markets Betsson reported group revenue of EUR 280.1 million ($302.6 million) for the period, representing an increase of 18% from EUR […]
Business
October 24, 2024
Evolution Posts Strong Q3 Results Despite Challenges in Georgia, Asia
The third quarter marked a challenging period for Evolution, the leading business-to-business (B2B) solution provider for casino operators across the globe. Despite challenges, the company reported strong operating revenues marking an increase year-over-year but saw a dip in its adjusted EBITDA margin. Adjusted EBITDA Margin Was Slightly Lower than Expectations Released Thursday, Evolution’s Q3 2024 […]
Casino
October 24, 2024
Cayman Islands Wants Cruise Ships to Keep Casinos Open in Territorial Waters
Presently, the Cayman Islands are one of the most visited cruise ship destinations and the proliferation of casinos onboard those ships has created a conflict between the jurisdiction’s restrictive laws on gambling and travelers’ soft spot for games of chances. Gambling Laws that Impinge on Cruise Ship Profitability Under present laws, the Cayman Islands expect […]
Business
October 23, 2024
FDJ Initiates Squeeze-Out to Complete Full Takeover of Kindred
La Française des Jeux (FDJ), France’s and the Republic of Ireland’s operator of national lottery games, has begun the squeeze-out process to acquire the remaining shares of Kindred Group, solidifying its path toward full ownership. This follows the successful completion of its €2.45 billion ($2.64 billion) acquisition earlier this month, which saw FDJ secure control […]
Business
October 23, 2024
Kindred to Boost Harm Detection as High-Risk Revenue Rises
Kindred Group published its latest Journey Towards Zero report, highlighting a slight increase in its share of revenue coming from high-risk players. As a result, the online operator expressed its commitment to further improving its detection and intervention systems. Kindred’s High-Risk Revenue Increased Slightly in Q3 In the third quarter of 2024, the company’s gross […]
Industry
October 23, 2024
Huge Gambling Site Network Linked to Polyfill Supply Chain Hack, Report
In the digital age, cyber threats, attacks and scams are not uncommon. With the development of technology, cyberattacks have become more complex and in some cases can affect millions of consumers without them even knowing. Supply Chain Attack Linked to Gambling Websites Earlier this year, one of the largest digital supply chain attacks was launched. […]
Business
October 23, 2024
Catena Media Sheds 29 Jobs as It Seeks to Save $2.40M Per Year
Catena Media has announced that it is letting go of 29 of its employees in a move that is meant to boost the company’s financials and also shed redundancies. Catena Media Drops 29 Content Team Members as It “Flattens” Structure According to the company, this decision will help it transition to what it has described […]
Industry
October 22, 2024
Hacker Group APT41 Targets Gambling Industry for Financial Gain
The popular Chinese state-sponsored hacking group APT41 has been linked to a complex cyber attack targeting the gambling and gaming industry. The group, also known as also known as Brass Typhoon, Earth Baku, Wicked Panda, or Winnti, allegedly infiltrated one of cybersecurity firm Security Joes’ clients and continued to maintain persistent access for nearly nine […]
