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Angel Hristov's latest articles
Business
July 29, 2024
BetMGM Posts Negative H1 EBITDA Amid Investment Year
Gaming and betting giant Entain has published a report concerning the BetMGM brand’s performance in the first half of 2024 (H1). Co-owned by Entain and MGM Resorts International, the operator recorded accelerating momentum through the year. Negative EBITDA Is in Line with Expectations The H1 update highlighted net revenue from operations of 1 billion, up […]
Business
July 29, 2024
LeoVegas Names Ex-MGA CEO Brincat as Regulatory Director
Carl Brincat, the former chief executive officer of the Malta Gaming Authority (MGA) has been onboarded by the LeoVegas Group. According to the announcement, LeoVegas will welcome the gambling regulation expert as its new director of policy and regulatory affairs. Brincat is set to step into the office in August. He will be based at […]
Industry
July 26, 2024
UK Gov Unveils New DCMS Ministerial Team
The United Kingdom’s Department for Culture, Media and Sport (DCMS) has unveiled its new ministerial team, led by Lisa Nandy. Nandy was confirmed as Brtiain’s new DCMS head approximately a month ago and is now set to be supported by a team of industry professionals, including a new gambling minister. The DCMS Unveiled Its New […]
Business
July 26, 2024
Apollo Funds to Acquire IGT Gaming & Everi Holdings in Historic Deal
Apollo Funds, a newly formed holding subsidiary of Apollo Global Management, has set out to acquire International Game Technology’s IGT Gaming & Digital business and Everi Holdings in a historic arrangement. The transaction values the two companies at approximately $6.3 billion. This deal comes after an earlier agreement between IGT and Everi that saw the […]
Business
July 26, 2024
FDJ Posts H1 Report, Refutes Kindred Deal Concerns
La Française des Jeux (FDJ) has published its H1 results, posting an increase in gaming revenue. In the meantime, the company’s chief financial officer addressed the looming acquisition of Kindred Group. FDJ’s H1 Results Were in Line with Expectations FDJ’s H1 report highlighted revenue of EUR 1.4 billion ($1.5 billion), marking an 11% increase year-on-year. […]
Business
July 26, 2024
Sega Sammy to Acquire Stakelogic and Expand Its Gaming Presence
Sega Sammy Holdings has announced its acquisition of Stakelogic, a leading Netherlands-based developer of gaming content. Through a definitive agreement between subsidiary SEGA SAMMY CREATION (SSC) and Stakelogic, the B2B supplier will join the Sega Sammy family. Sega Sammy Is Bullish on iGaming Subject to various regulatory approvals and the satisfaction of customary conditions, the […]
Business
July 26, 2024
Boyd Gaming Posts Favorable Q2 Report, Underpinned by Online Gaming
Boyd Gaming Corporation has published its financial report for the three-month period ended June 30, 2024 (Q2). Revenues continued to increase, underpinned by the online sector, but quarterly EBITDAR and net income experienced a decline. Boyd Gaming Published a Favorable Report Boyd Gaming reported Q2 results of $967.5 million, up from $917 million in Q2 […]
Industry
July 25, 2024
Ontario iGaming Grows as Q1 Delivers Increases Across the Board
iGaming Ontario has published its latest performance report, outlining the local online gaming industry’s performance in the first quarter of the 2024-25 fiscal year (FY). The Q1 report covers the period from April 1 to June 30 and contains information about the collective performance of all legal iGaming operators. Official data shows that iGaming handle […]
Industry
July 25, 2024
Sportradar Unveils Social Media Video Ads Featuring Betting Data
Sportradar has once again driven innovation, launching an industry-first solution that integrates live sports data and betting content into the video advertisements offered by its ad:s paid social marketing service. This unprecedented approach will unlock new opportunities for the sports betting specialist’s operator partners, the announcement emphasized. Thanks to the new integration, Sportradar’s clients will […]
Sports
July 24, 2024
UK’s Top Soccer Leagues Adopt New Code of Conduct for Betting Deals
England’s top soccer leagues have joined forces, collectively adopting a new Code of Conduct for Gambling Related Agreements in Football. Echoing the British Horseracing Authority’s new Code of Conduct for gambling-related sponsorship deals, the new code seeks to introduce universal principles for such arrangements. The Code Is Based on Four Main Principles The new principle-based […]
