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Business
December 12, 2023
GLI Picks Richard Howarth as CBO for APAC Region
Richard Howarth is a well-seasoned veteran who will now assume the position of CBO for the APAC region and help strengthen the company’s position in its targeted markets. He will plan and execute growth strategies across several markets and from the company’s premises in Sydney, Melbourne, Macao, and Adelaide. Picking a Highly-Trained and Experienced Person […]
Business
December 11, 2023
DAZN Seeks to Raise $1B in Funding, Reports Say
Sports streaming service DAZN is seeking ways to raise fresh funding, reports say. According to Bloomberg, the sports streaming giant wants to raise as much as $1 billion through various initiatives. The reports claim that DAZN Bet has been discussing the matter with potential advisers and eyeing a range of capital-raising strategies. Bloomberg also implied […]
Business
December 11, 2023
NeoGames’ Pariplay Injects Games into Tipico in New Jersey
Pariplay, a subsidiary of the leading B2B provider NeoGames, has teamed up with Tipico’s US arm. Under the deal, the gambling operator will onboard some of Pariplay’s best games, expanding the provider’s presence in North America. As agreed, Pariplay will leverage its proprietary studio, Wizard Games, as well as its aggregation platform, Fusion, to inject […]
Business
December 11, 2023
IG Group Welcomes Fintech Heavyweight Breon Corcoran as CEO
IG Group Holdings, a UK-based online trading provider, has announced the appointment of Breon Corcoran to its leadership team. According to the company’s official announcement, the new appointee will assume the role of the group’s new chief executive officer from January 29, 2024. In addition to taking the lead at IG Group, Corcoran will also […]
Business
December 11, 2023
GiG Names iGaming and Finance Powerhouse Matthew Saxon as CTO
Gaming Innovation Group, (GiG) has reinforced its technology team with the appointment of the experienced Matthew Saxon as its new chief technology officer for Platform & Sportsbook. This is in line with the division’s recent efforts to reinforce its senior leadership under Platform & Sportsbook CEO Richard Carter. According to GiG, Saxon is a proven […]
Business
December 8, 2023
Adelson Completes $2 Billion Stock Sale, Paving the Way for the Dallas Mavericks Purchase
Gambling industry stakeholders are keenly observing the details surrounding the Dallas Mavericks purchase, as it fueled speculations about the future of legalized gambling and sports betting in Texas. The deal should be completed by the year’s end as the team changes hands to the Adelson family, one of the gambling industry’s most famous billionaire magnates. […]
Business
December 7, 2023
GiG Announces the Completion of $81M Senior Secured Bond Issue
Gaming Innovation Group, a company offering cloud-based product and platform services and performance marketing to clients within the iGaming industry, has announced the completion of its latest bond issue. According to the company’s official announcement, it has successfully completed the issuance of 3-year EUR 75 million ($81 million) equivalent senior secured bonds. The bonds are […]
Business
December 7, 2023
Entain Must Exit Unregulated Markets as Per the DPA
Entain recently reached a deferred prosecution agreement (DPA) with the Crown Prosecution Service (CPS). However, the settlement also says that Entain will have to exit unregulated markets. For reference, the DPA saw Entain commit to pay $737.5 million because of the bribery-related offenses of its former Turkey-facing business. The company was also required to donate […]
Business
December 7, 2023
Flutter CEO Discusses FanDuel’s Growth and Plans for the US Market
FanDuel has attained a significant market share in the US, successfully branching out from its Daily Fantasy Sports (DFS) origins to become one of the leading players on the sports betting scene. However, rising competition from rivals like DraftKings and ESPN Bet means the operator must maintain its efforts to remain competitive and attract customers […]
Business
December 7, 2023
DraftKings CEO Confident in Company’s Resilience Amidst ESPN Bet Launch
DraftKings CEO, Jason Robins, has expressed confidence in the company’s position in the online gaming market, stating that the recent launch of ESPN Bet does not pose a threat to DraftKings’ trajectory. DraftKings CEO Jason Robins Stresses Product Excellence Speaking at the 3rd Annual Craig-Hallum Online Gaming Conference, Robins acknowledged the competitive landscape but emphasized […]
