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Business
May 15, 2024
IGT Publishes Strong Q1 Report & FY 2024 Outlook
International Game Technology (IGT) has published its Q1 report, outlining stable revenue. The international gambling giant has also published its full-year outlook for 2024. In the quarter ended March 31, IGT reported revenue of $1.07 billion, up 1% from the prior year period. The favorable metric was underpinned by the strong performance of the company’s […]
Business
May 15, 2024
Emmett Voices Concerns over PlayAGS Acquisition by Brightstar
Earlier this month, AGS (PlayAGS), the leading company offering a range of gaming experiences powering the gambling industry across the globe, confirmed it entered into a definitive agreement for an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Brightstar offered a price of $12.50 per share, representing a 40% premium on AGS’ closing stock price […]
Business
May 14, 2024
Blask Launches New AI-Powered Analytics Tool for iGaming Industry
An up-and-coming iGaming startup called Blask, announced the launch of its AI-powered market analytics solution that caters specifically to the iGaming sector. The startup was co-founded by Max Tesla, as well as Dmitry Belianin, two experts with significant experience in the vertical. The duo co-founded Blask back in March last year. As a part of […]
Business
May 14, 2024
Sharp Alpha Closes $25M Fund to Fuel Sports, Gaming Startups
Sharp Alpha Advisors has announced the successful closing of Sharp Alpha Fund II, its venture capital fund that has surpassed its initial target, securing over $25 million to invest in early-stage sports, gaming, and entertainment businesses. The fund has attracted diverse backers, including public companies, US financial institutions, pro sports team owners, family offices, top […]
Business
May 14, 2024
Flutter Reports $375M Comprehensive Net Loss in Q1, 16% Revenue Growth
The leading online sports betting and iGaming operator with a versatile portfolio of brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and MaxBet, Flutter Entertainment plc, has published its Q1 2024 financial report. The industry leader, which recorded $11,790 million of revenue globally for fiscal year 2023, and $3,397 million of revenue […]
Business
May 14, 2024
Maciej Smolarek Leaves Role as Yggdrasil’s Chief Technology Officer
The provider of superior online gaming solutions and products, powering iGaming operators across the globe, Yggdrasil, will now be looking for a new chief technology officer (CTO), after Maciej Smolarek announced his plans to depart from the company. Smolarek initially joined Yggdrasil back in January 2023. At the time, he was appointed to the role […]
Business
May 13, 2024
888 Rebrands as Evoke as Shareholders Approve New Identity
Gambling powerhouse 888 announced that it has officially completed its rebranding as evoke. The new identity is meant to better reflect the company’s multi-brand operating model and mission to provide cutting-edge entertainment to players. The move received almost unanimous approval as approximately 99.8% of shareholders voted in favor of the group’s name change. As evoke, […]
Business
May 13, 2024
Ex-Rank Group CEO in Talks to Lead Entain
FTSE-100 online gambling giant that owns Ladbrokes, Entain, has added a fresh name to the list of candidates for the chief executive officer (CEO) position. According to sources close to Sky News, former Rank Group CEO, Henry Birch, could take over interim CEO Rob Wood’s responsibilities. More Names on the List While Birch represents a […]
Business
May 10, 2024
Playtika Posts Q1 Report, Unveils Share Buyback Program
Playtika, an Israeli digital entertainment company specializing in the development and publication of mobile games, has posted its results for the period ended March 31, 2024. The company reported a slight decrease in revenue and published its FY 2024 guidance. Playtika’s revenue for the period increased by 2.1% sequentially to $651.2 million. However, this figure […]
Business
May 10, 2024
SIS Names Peter Camden as New Competitive Gaming Product Manager
The leading multi-content supplier, offering live betting services, Sports Information Services (SIS), announced a new senior-level appointment. The company confirmed Friday it selected Peter Camden, an expert with solid experience in the betting sector, for the role of competitive gaming product manager. Joining SIS, the executive brings extensive knowledge and significant experience. As the title […]
