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 […]
Business
November 20, 2024
Bally’s Shareholders Say Yes to Standard General Takeover
In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 billion acquisition by the hedge fund that “pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies,” Standard General. Under the terms, the New York City-based hedge fund, […]
Industry
November 20, 2024
Macau’s Gaming Sector Faces Global Pressures
Macau’s gaming industry is navigating a complex landscape shaped by robust recovery prospects and the looming shadow of international geopolitical pressures. Recent data indicates an optimistic upward trajectory in gross gaming revenue (GGR), but doubts persist due to external influences and shifting investor sentiments. Financial Forecasts Remain Positive Gross gaming revenues in Macau surged 6.6% […]
Business
November 18, 2024
Flutter Appoints PokerStars Exec Kevin Harrington as UK&I CEO
International gambling giant Flutter Entertainment has introduced a major addition to its UK & Ireland team, naming the seasoned Kevin Harrington as its new CEO for the region. The appointment is a part of the company’s reorganization of its international division and aligns with its new two-division structure. Harrington to Succeed Brown in February Kevin […]
Slots
November 14, 2024
DragonGaming Releases Buffalo Bounty Lite with 500x Jackpot
The developer that describes itself as the pioneer “in the realm of slot games,” DragonGaming, has added a fresh slot to its portfolio that “shines with titles boasting frequent wins, generous RTP” and revolutionary features. Buffalo Bounty Lite is the studio’s latest release to celebrate the “pristine and diverse nature of the Great Plains.” The […]
