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Business
January 17, 2025
Compliance Specialist Letzz Secures Investment from Ex-Kindred CEO
Letzz, a startup compliance specialist, has unveiled a major investment from a former Kindred executive. The former firm, which seeks to leverage artificial intelligence to “eliminate tedious tasks and transform compliance into a growth driver,” hailed the backing and said that it will provide its business with a much needed boost. The Investment Will Help […]
Business
January 17, 2025
Kick Reaches Out to TikTok with Acquisition Offer
Kick, the Stake.com-owned streaming platform, teased its intention to purchase TikTok’s US-facing assets. This announcement comes ahead of the social media platform’s looming ban. TikTok to Sell Its US Assets TikTok has cemented itself as a phenomenon despite its inherent security risks. While the US government has previously expressed concerns about the platform, this has […]
Business
January 17, 2025
Sportsbook-Friendly Results Behind Evoke’s Boosted Annual Guidance
Evoke, the parent company of William Hill and 888, saw its shares surge over 10% in early trading after announcing a strong Q4 revenue forecast. The gaming and betting operator based in Gibraltar anticipates year-on-year (YoY) revenue growth of 12% to 13%, which would translate to approximately £479 million ($583 million) compared to £424 million […]
Business
January 16, 2025
Genius Sports Raises $144M, Confirms 2024 Outlook
The official data, technology, and broadcast partner that powers the global ecosystem connecting sports, betting, and media, Genius Sports, has announced the pricing of its underwritten public offering. Namely, the trusted partner to over 400 sports organizations aims to raise approximately $144 million in net proceeds by selling 17,647,059 ordinary shares at $8.50 each. The […]
Business
January 16, 2025
Bally’s Wants Huge Property Tax Cut for Chicago Casino & Resort
At the start of January, we reported on Bally’s Chicago’s freshest investment program to boost diversity and inclusion in its $1.7 billion casino and resort project. Then, the company announced it would allow investors to buy a 25% stake in the project. Now, the Rhode Island-based gambling company is looking to secure a significant property […]
Business
January 16, 2025
Kambi Names IR Expert Mattias Frithiof SVP of Investor Relations
Kambi Group, a leading B2B provider of sports betting services to gaming operators, has unveiled a major new addition to its leadership team. According to the company’s announcement, Mattias Frithiof will serve as its new senior vice president (SVP) of investor relations & sustainability. Frithiof Joined Kambi on January 16 Effective immediately, the appointment will […]
Business
January 16, 2025
Maryland Tax Rate Increase May Impact DraftKings, FanDuel
Amid plans for a tax hike in Maryland, two analysts explored the potential impact increasing the tax rate may have on the gambling sector. Proposal in Maryland Seeks to Raise Table Games and Betting Taxes Earlier this week, Gov. Wes Moore uncovered a new proposal calling for an increase in the tax rate on gambling […]
Business
January 15, 2025
Crayford Racing Track Confirms Upcoming Closure, Sets Date
In November, Entain confirmed its intention to put an end to the Crayford Greyhound Stadium greyhound track. Now, the track has confirmed the date of its last race as its closure draws near. Crayford Track to Close Before the End of the Month In an official statement, Crayford Racing confirmed that its final races will […]
Business
January 14, 2025
BetMGM & Entain Reaffirm 2024 Guidance amid Mixed Results
Entain plc and its subsidiary BetMGM have reaffirmed their 2024 EBITDA guidance ahead of their financial results report. This follows a recent Entain stock drop of nearly 10% due to market volatility. BetMGM and Entain Reveal Guidance for 2025 One of the world’s largest sports betting and gaming groups, Entain plc, as well as daughter […]
Business
January 14, 2025
Betsson Management: Svensson & Saliba In, Jabin & Glasfors Out
Nasdaq Stockholm Large Cap-listed engaged owner of fast-growing companies in the online gaming industry, Betsson AB, has announced a series of changes in its group management team. Namely, the group with a bold ambition “to grow faster than the market, organically and through acquisitions” has selected two new roles to form part of management. The […]
