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Business
January 6, 2025
Denise Coates Gets Reduced Paycheck as Bet365 Recovers from Losses
Denise Coates, the United Kingdom’s highest-paid woman, is still earning millions in spite of a significant paycheck reduction. This comes as her main business, the betting operator bet365, continues to excel. Bet365 Reduced Its Executive Pay Significantly The bet365 owner earned roughly £150 million ($187.8 million) for the year ended March 31 despite the 45% […]
Business
January 6, 2025
Deutsche Bank Analyst Shares Favorable Projections for Caesars Digital
Caesars Entertainment might take action to reinforce its digital gaming business followed continued suboptimal growth, a Deutsche Bank analyst believes. He also projected a property EBITDAR decline of 2% despite a variety of opportunities within the land-based sector. The Company Is Likely to Bolster Its Digital Business In an investor note, Deutsche Bank analyst Carlo […]
Business
January 6, 2025
DraftKings Hit by Q4 Losses, But Long-Term Growth Stays on Track
DraftKings, a big name in the US online sports betting and gaming scene, ran into some snags in the fourth quarter of 2024 because of unpredicted sports results. A January 2 note from JPMorgan analyst Joseph Greff pointed out that the company saw a big drop in revenue as betting favorites and multi-game parlays did […]
Business
January 3, 2025
Codere Online in Peril amid Possible Lawsuit, Delisting
Codere Online is in peril amid various threats to its business. In addition to a possible class action lawsuit, a potential Nasdaq delisting seems to be inching closer. Codere Parted Ways with Its Auditor On December 27, Codere Online parted ways with its auditor Marcum. The latter was unable to complete the audit procedures Codere […]
Business
January 3, 2025
Disappointing Online Betting Results Hamper Caesars’ Q4 Outlook
J.P. Morgan analyst Joseph Greff has adjusted Caesars’ Q4 Las Vegas Strip cash flow estimate to $485 million from $499 million, highlighting several negative factors that hurt revenues. However, this new estimate still marks a strong result considering Q4 2023’s $489 million figure. Greff also adjusted his price target for Caesars’ shares, lowering it from […]
Business
January 3, 2025
Gambling.com Group Seals Odds Holdings Acquisition
Early in December, Gambling.com Group, the leading provider of digital marketing services for the online gambling industry, announced it continues its expansion with the acquisition of OddsJam’s parent company Odds Holdings, Inc. Now, the former confirmed that it has successfully completed the acquisition, as planned and on schedule. Odds Holdings’ Acquisition Closes as Planned Upon […]
Business
January 3, 2025
Aristocrat Interactive Powers Betiton’s Launch in Ontario
Gaming tech and content specialist Aristocrat Leisure has leveraged its online real money gaming division, Aristocrat Interactive, to power Betiton’s foray into Ontario’s iGaming market. The launch will be underpinned by Aristocrat’s online gaming white-label package and will mark the fourth market Betiton has entered thanks to this casino platform. It is also the second […]
Business
January 3, 2025
Tekkorp Capital Increases Stake in FansUnite Entertainment
As part of a previously negotiated share purchase agreement, Tekkorp now owns 15.91% of FansUnite’s outstanding shares, solidifying its position in the company. Previously, Tekkorp held 7.61%. Since September 16, 2024, when an agreement was signed for the purchase of additional common shares and warrants, the investor has been growing its influence, and there may […]
Business
January 3, 2025
Motti Gil Bids Farewell to NeoGames After 8.5 Years
Motti Gil, a seasoned finance executive, has ended his stint as Chief Financial Officer (CFO) at NeoGames, which now forms part of Aristocrat Interactive. Motti Gil Wraps Up CFO Role at NeoGames, Credits Team for Company’s Milestones Gil’s last day in the role was December 31 capping off more than eight years of steering the […]
Business
January 2, 2025
Mohegan INSPIRE Posts Inspiring Q3 Financials
The Mohegan INSPIRE Entertainment Resort in South Korea has disclosed its Q3 financials, revealing that business continues to gain traction. The new property, adjacent to the bustling Incheon International Airport, reflects the American company’s ambition to expand on a global level. Gaming and Visitation Continued to Grow As reported by Inside Asian Gaming, Mohegan INSPIRE […]
