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Business
April 8, 2024
GiG Unveils Proposed Board Changes as Strategic Split Progresses
Gaming Innovation Group announced that the strategic split of its Media and Platform businesses is progressing well. As part of the process, the company’s nomination committee reviewed and evaluated two separate board compositions, which would optimize the two businesses. For reference, GiG Media will continue to operate under the current corporate structure. GiG Platform, on […]
Business
April 5, 2024
Moody’s Confirms Stable Outlook for LVS, Highlights Potential Credit Risks
The leading global provider of credit ratings, research and risk analysis, Moody’s Investor Service, released a new update, highlighting important details regarding the credit profile of the global gaming and entertainment giant, Las Vegas Sands (LVS). Earlier this week, the company published a credit analysis, highlighting that currently, LVS has a Stable Outlook. Moreover, Moody’s […]
Business
April 3, 2024
Andrea Bossard Promoted to Senior Director, Engineering at GLI
The leading provider of iGaming and lottery testing, assessment and other services powering gambling operators across the globe, Gaming Laboratories International (GLI), strengthened its senior-level team with a new promotion. The company confirmed on Tuesday it selected Andrea Bossard for the role of senior director of engineering. The latest appointment represents a promotion for the […]
Business
April 3, 2024
GAN Gives Brian Chang the Position of Chief Financial Officer
NASDAQ-listed, leading business-to-business technology supplier of online gaming solutions and global business-to-consumer operator of online sports betting, GAN Limited, has announced the appointment of Brian Chang as the new chief financial officer. Chang, who has already served this position in an interim capacity, will mainly focus on guiding GAN’s steps toward a timely merger with […]
Business
April 2, 2024
Advent International to Take Nuvei Private Under New Agreement
The leading payment technology provider, powering companies across the globe, Nuvei Corporation, announced a new strategic agreement. On Monday, the company confirmed it has entered into a definitive arrangement agreement to be taken private by the leading and most experienced global private equity investor, Advent International. The latest move is supported by the company’s holders […]
Business
March 28, 2024
Allied Gaming Reports 21% Increase in Revenue for 2023, Cuts Costs
The fast-growing esports entertainment and gaming company with a global presence, Allied Gaming & Entertainment (AGAE), released its latest financial update, highlighting key details for its performance during the fourth quarter and full year 2023. The company reported strong growth in revenue, complemented by a decrease in costs and expenses. In total, AGAE’s revenue for […]
Business
March 28, 2024
Conexus Group Launches M&A Advisory Firm Conexus Capital
The portfolio of world-class businesses that specialize in the provision of recruitment, training, consulting, Mergers & Acquisitions (M&A) Advisory, marketing, and managed services, Conexus Group, has announced the launch of a specialist M&A advisory firm. As announced by the group with offices all around Europe, the US, and the Asia Pacific region, the new firm, […]
Business
March 27, 2024
Allwyn Reports Solid Results and Growth in Q4 and 2023
The leading lottery company with a strong presence across the globe, Allwyn, released its latest financial update Wednesday. The company uncovered details regarding its performance for the fourth quarter and full year 2023. Besides the preliminary figures, Allwyn highlighted achievements completed during and after the trading period which ended December 31, 2023. For the twelve […]
Business
March 27, 2024
Playtech Publishes Strong FY 2023 Results, Posts Optimistic Outlook
Playtech, a leading provider of gaming platform, content and services, has published its FY 2023 results, reporting an increase in revenue and adjusted EBITDA. The supplier reported strong performance across both its B2B and B2C segments and a resilient balance sheet. The company reported revenue of EUR 1.7 billion ($1.84 billion), representing an increase of […]
Business
March 27, 2024
MyPrize Closes Funding Rounds, Enjoys Enterprise Value Soar to $140M
The first online crypto casino, promising to revolutionize the gambling industry thanks to multiplayer capabilities, MyPrize, is preparing to launch its platform and technology this spring. Ahead of the launch, the company confirmed it completed two funding rounds, raising some $13 million. Thanks to the recently completed funding rounds, MyPrize’s enterprise value soared to a […]
