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Business
October 8, 2024
Rivalry Further Shrinks Its Workforce amid Strategic Refocus
Rivalry, a next-gen sports betting and media company, announced that it has laid off 28 employees, including its global marketing director. The new redundancies are a part of a company restructuring, according to EGR. Another Few Dozen Employees Have Been Dismissed As reported, the restructuring comes amid Rivalry’s shift toward the crypto betting sector. Earlier […]
Business
October 8, 2024
Gentoo Media Rebrands GiG Comply as Sitebee
Gentoo Media has announced the rebrand of GiG Comply as Sitebee, reflecting the company’s recent spin-off from GiG. The move comes several days after GiG was split into GiG Software and Gentoo Media. The New Identity Reflects Gentoo’s Own Rebrand GiG Comply, now known as Sitebee, is the company’s cutting-edge SaaS solution that has been […]
Poker
October 8, 2024
Hustler Casino Live’s Nick Vertucci Accused of Sexual Harassment
Poker is not immune to scandals and in the digital and social media age such can erupt in a matter of seconds. In one such case, a popular poker player and social media influencer alleged that she was subject to unwanted advances by the producer of a famous poker tournament show. The case involves Hustler […]
Business
October 7, 2024
Two Investors Condemn Playtech’s €134M Executive Bonus Proposal
Ahead of the finalization of the sale of Snaitech, Playtech’s business-to-consumer (B2C) arm, to Flutter Entertainment in a multi-billion-dollar deal, investors in Playtech criticized a proposed compensation package of more than $100 million. Palm Harbour Capital Criticized the Remuneration Proposal The aforementioned compensation package was confirmed back in September. The proposal seeks to benefit Playtech’s […]
Casino
October 7, 2024
L&W Developing New Legally Compliant Dragon Train Game
The lawsuit between two leading providers of gaming solutions, Light & Wonder (L&W) and Aristocrat Technologies, continues. In the legal battle, the latter company argued that the former misappropriated trade secrets and engaged in intellectual property theft when developing its Dragon Train game. The New Version of the Game Seeks to Ensure Compliance with a […]
Poker
October 3, 2024
UPT Uncovers Exciting Schedule for 2024 and Beyond
The World Poker Tour (WPT) has announced its upcoming lineup of high-profile events that will capture the attention of poker pros and fans worldwide. With event stops in Paris, Montreal, Las Vegas, and Cambodia, WPT is preparing for an action-packed few months of tournaments. While fans in some regions may be disappointed, the championship has […]
Sports
October 3, 2024
Genius Sports Brings Xbox Visionary as Independent Board of Directors
Welcoming Robbie Bach, a former Xbox boss, Genius Sports is looking to tap into the visionary’s ability to steer companies towards success. Genius Sports Taps Console Game System Visionary as Director Although his experience may be disparate to the specific industry he is now going to work in as part of the Board of Directors, […]
Legal
October 2, 2024
Analysts Say Dragon Train Creator Quit Light & Wonder as Aristocrat’s Lawsuit Raged On
Emma Charles, the lead developer of the controversial Dragon Train game is no longer working for Light & Wonder, according to full-service investment banking and corporate banking specialist Truist Securities. As reported by NEXT.io, Truist said also that gambling provider might be consider replacing the game with another one following the recent preliminary injunction. Charles […]
Business
October 1, 2024
Gentoo Media and GiG Software Complete Long-Planned Business Split
Gaming Innovation Group has officially completed its strategic business split into Gentoo Media and GiG Software. According to the announcement, the division was finalized on September 30. Gentoo Media Hailed the Split The company’s split has been several months in the making and has now finally been enacted. Gentoo Media will therefore continue as an […]
Business
October 1, 2024
Acroud Delays Bond Interest Payment via Standstill with Holders
The fast-moving challenger in the space of iGaming affiliation and B2B SaaS solutions, Acroud, confirmed it postponed interest payment on outstanding bond loans until further notice. Restructuring Effort Impacts Bonds Interest Payment Confirmed this week, the announcement affects SEK 225 million senior secured bonds with an interest payment due on October 7, 2024. The main […]
