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Sports
October 28, 2024
High Roller Closes IPO with $10M in Raised Funds
High Roller, the operator of the eponymous highroller.com and fruta.com, offered 1,250,000 shares of its common stock priced at $8 a share last week, raising $10 million in gross funds, which does not include the underwriting discounts and other expenses incurred as part of the offering. High Roller Convinces Investors in Market Sustainability and Growth […]
Blockchain
October 28, 2024
DraftKings Ambassador Mathis Faces Backlash Over Alleged Crypto Scheme
Taylor Mathis, a well-known social media figure and DraftKings ambassador, finds herself in hot water. People accuse her of manipulating the crypto market with a digital currency named after her, $TAYLOR. Taylor Mathis Faces Market Manipulation Claims as $TAYLOR Token Value Crashes Mathis, famous for her “Walking Bets” videos, promoted the token to her many […]
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. […]
