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Business
January 9, 2025
Star Entertainment Shares Drop as Company Reports Decline in Cash
The Star Entertainment Group, an Australian casino and hospitality company, remains in peril amid regulatory and financial challenges. The company, which was extensively scrutinized over regulatory violations, negligence and overall lack of oversight, continues to see its share price plummet. The Company Reported a Drastic Drop in Available Cash Yesterday, the group, which is trading […]
Business
January 8, 2025
Kambi Partners with Stake to Drive Sports Betting Expansion
Sports betting solutions provider Kambi Group plc announced a strategic partnership with rapidly growing global operator Stake, which is seeking to expand its reach into regulated markets. The collaboration debuted with the launch of Stake’s Kambi-powered sportsbook in Brazil as the country’s modernized gambling jurisdiction made it one of the world’s most anticipated sports betting […]
Business
January 8, 2025
Fortuna Entertainment Group Names Dieter John CEO as Victor Corcoran Steps Down
Fortuna Entertainment Group (FEG) has announced the appointment of Dieter John as its new chief executive officer. As someone who has already impacted the company’s business, the appointee is well-positioned to deliver a new phase of growth. The New Appointee Heralds a New Phase of Growth According to FEG’s official statement, John was named CEO […]
Business
January 8, 2025
Tipico to Acquire Admiral Austria, Bolstering European Presence
Gaming technology group NOVOMATIC AG has agreed to sell its Austrian subsidiary, ADMIRAL Austria, to the Malta-based Tipico Group. This mutually beneficial agreement should help Novomatic expand its global presence while strengthening Tipico’s market share in its core jurisdictions. Both companies were optimistic regarding the sale as they remain confident in their continued growth. The […]
Business
January 8, 2025
Paradise Entertainment and Tangiamo Sign Strategic Deal
Paradise Entertainment Limited and Tangiamo Touch Technology enter a new partnership that will see both expand their reach in the Asian and European markets. The Two Companies Pursue Growth in Europe and Asia Paradise Entertainment Limited is a company working on the development, sale, and leasing of electronic gaming equipment and systems. It also provides various […]
Business
January 8, 2025
Betmate Raises $2M in Series A Funding Round via Accelerate Ventures
Liverpool-based social gaming startup Betmate has successfully raised $2 million in a new Series A funding round, with the investment led by Accelerate Ventures, a London-based venture capital firm. This latest funding round also includes capital for Engage Games, Betmate’s business-to-business (B2B) arm specializing in white-label, free-to-play game solutions. Founded in 2020 by Ryan Lawrence […]
Business
January 8, 2025
Flutter Revises Revenue Forecast Due to Poor NFL Betting Results
Shares of Flutter Entertainment saw a dip of nearly 2% in after-hours trading on Tuesday after the company lowered its revenue and earnings guidance for 2024, citing unexpectedly poor results in NFL betting. The Most Customer-Friendly NFL Season in 20 Years The company now expects its 2024 revenue to reach $5.78 billion, down from the […]
Business
January 7, 2025
Bragg Enters Brazil, Expects It to Become a Core Market
Bragg Gaming Group, a leading provider of online casino content and platform technology, has unveiled a foray into Brazil’s freshly regulated market. The Latin American country launched regulated online casinos and betting a week ago, marking a new age for local gaming. Bragg Enters Brazil’s Fresh Market Bragg was proud to announce its entry into […]
Business
January 7, 2025
M&A Activity Is on the Table for DraftKings in 2025, Deutsche Bank Says
Deutsche Bank analyst Carlo Santarelli has suggested that mergers and acquisitions would be a likely strategy for American betting powerhouse DraftKings in 2025. This comes amid suboptimal Wall Street projections for the company’s performance. DraftKings Might Struggle to Hit the Mark As reported by CDC Gaming Reports, Santarelli said that at the midpoint of DraftKings’ […]
Business
January 7, 2025
Analyst Highlights Social Casino Boost in Aristocrat Success
With many gaming operators identifying the potential of social casinos, the popularity of the activity continues to grow. Blurring the lines between gambling and gaming, the regulation of social casinos varies from one jurisdiction to another. Social casinos in particular were an important gaming segment for Aristocrat Leisure’s recent growth, an expert analyst revealed recently. […]
