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Business
September 26, 2024
Star Entertainment’s Financial Struggles Continued in FY 2024
The Star Entertainment Group published its financials for the fiscal year, reporting a continued decline amid business and regulatory headwinds. However, the company management remains focused on demonstrating its compliance and generating shareholder value. The Star’s Financials Were Suboptimal Star Entertainment reported FY 2024 revenue of almost AUD 1.7 billion ($1.17 billion). This figure represented […]
Business
September 26, 2024
Analyst Stays Positive on L&W Despite Dragon Link Litigation
Earlier this week, the leading global provider of gaming solutions and equipment, Aristocrat Technologies, seized the initiative in its legal battle against Light & Wonder (L&W). This, however, wasn’t a major hit for the latter, based on its estimates with the exception being a dip in its shares. Macquarie Analyst Keeps Outperform Rating Still, despite […]
Business
September 25, 2024
Flutter Sees Double Profit by 2027, Presents $5bn Share Buyback
The leading global betting and gaming company, Flutter Entertainment, is fairly optimistic about the future. Namely, the upcoming two years which the online betting company believes will bring it around $5 billion, which is more than double this year’s core profit expected to reach $2.5 billion. The bold projections were made on Wednesday when Flutter […]
Business
September 25, 2024
Polymarket Seeks $50M in Funding, Plans to Launch In-House Crypto Token
Crypto betting specialist Polymarket is reportedly seeking additional funding ahead of the US presidential election. The report further suggests that the company is considering launching its own crypto token. Polymarket Seeks to Enhance Its Business Ahead of the Election According to The Information, a technology news outlet, Polymarket hopes to acquire some $50 million in […]
Business
September 24, 2024
WA.Technology Unveils Ambitious Acquisition of Onseo
WA. Technology, a leading platform provider within the iGaming industry, will be acquiring technology developer Onseo in a reportedly multi-million euro deal. While the exact terms of the deal remain undisclosed, industry insiders agree that this ambitious move could lead to significant long-term gains for WA.Technology, solidifying the company’s presence in a highly promising jurisdiction. […]
Business
September 24, 2024
LeoVegas Group Opens New In-House Slots Studio
Global iGaming operator and market leader in mobile casino on the European market, LeoVegas Group, has announced the launch of LeoVegas Studios, its brand-new in-house slots development studio. The announcement marks a significant milestone in the company’s expansion plan which includes the creation of games that are exclusive to the group’s brands. Leveraging Player Data […]
Business
September 23, 2024
B. Riley Lowers Golden Entertainment Expectations, Maintains Buy Rating
B. Riley has lowered its score for Golden Entertainment slightly while still maintaining a “buy” rating. The new outlook led to an immediate slump in the gambling company’s share price. The Operator’s Business Suffered Because of the Hot Summer As mentioned, B. Riley reduced its estimates on the company, lowering CY24E EBITDA by 4% and […]
Business
September 23, 2024
EveryMatrix Adds Kevin Furlong as Chief Product Officer
iGaming software, solutions, content and services developer EveryMatrix has enhanced its leadership team with a new appointment. This latest C-suite appointee is the experienced Kevin Furlong who has been named as the group’s chief product officer. The Hire Will Help the Company Roll Out More Great Products According to EveryMatrix, Furlong will be tasked with […]
Business
September 23, 2024
Betfred to Exit Arizona in November as US Downsizing Continues
Betfred is continuing the downsizing of its American business, which is in line with the company’s earlier announcements. The operator has now confirmed that it will leave Arizona before the end of the year. Betfred to Put an End to Its Operation in the Grand Canyon State On Thursday, Betfred said that it will exit […]
Business
September 23, 2024
MGM Submits Application for Abu Dhabi Casino License
The recognizable gaming and hospitality giant, MGM Resorts, announced it has submitted a license application for a United Arab Emirates (UAE) casino. The Company Is Among the First to Apply for a Casino License The exciting news came during the Skift Global Forum 2024 last week. Bill Hornbuckle, MGM’s CEO, confirmed the strategic move that […]
