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Business News and Headlines
Business
August 30, 2024
Analyst Cautious on Leisure Travel Demand amid Dip in Las Vegas Revenue
Although busy, July wasn’t the best month for gaming operators across Nevada. Data released earlier this week by the Nevada Gaming Control Board (NGCB) pointed to a gaming revenue decrease observed last month. In total, the gaming revenue in July was $1.3 billion, a figure that signaled a 6.91% year-over-year decrease when compared to the […]

Business
August 29, 2024
Rivalry Publishes Strong Q2 Results, Plans VIP and Crypto Investments
Rivalry, the leading sportsbook and iGaming operator for Gen Z, has published its financial report for the second quarter of the year, highlighting a jump in net revenue. The company attributed the favorable figures to its successful margin growth efforts. Rivalry Publishes Favorable Q2 Results In Q2, Rivalry handled CAD 87.8 million ($65.1 million) in […]

Business
August 29, 2024
DraftKings Enhances Micro-Betting Capabilities with Acquisition of Simplebet
Digital sports entertainment and gaming giant DraftKings, Inc. will significantly enhance its micro-betting capabilities by acquiring micro-market pricing and sports betting content company Simplebet. This strategic transaction will mark a significant evolution in DraftKings’ in-game wagering capabilities as it leverages Simplebet’s advances with machine learning algorithms. Live Betting Is the New Hot Thing in Sports […]

Business
August 29, 2024
Deutsche Bank Leads $4.3B Deal for Apollo’s Acquisition of Everi and PLC-IGT
Deutsche Bank AG is leading a $4.325 billion bond-and-loan offering to finance Apollo Global Management Inc.’s ambitious buyout of two big casino equipment suppliers. The deal represents one of the most pivotal mergers and acquisition moves in the gaming landscape this year, a sector where such high-profile deals are a rarity. Everi and PLC-IGT Will […]

Business
August 29, 2024
BlueBet Plans US Market Withdrawal to Focus on Growth in Australia
This spring, BlueBet, the emerging Australian betting giant, announced a strategic deal with Betr, a recognizable gaming and betting operator. After the announcement of this strategic collaboration, the company confirmed its plans to review its operations in the United States. Now, BlueBet confirmed its intention to exit the US market and focus on its growth […]

Business
August 28, 2024
GiG Publishes Strong Q2 Results Ahead of Strategic Split
Gaming Innovation Group (GiG) has published its financial results for the second quarter of the year (Q2). While the Media division performed well, Platform & Sportsbook struggled to catch up. Gentoo Media Posted Record-Breaking Results According to GiG, its Media division reported all-time-high revenues of EUR 30.3 million ($33.7 million), marking an increase of […]

Business
August 28, 2024
Co-Founders Liberman and Robins Sell Over $10M of DraftKings Shares
DraftKings co-founders Paul Liberman and Jason Robins have collectively sold over $10 million worth of the company’s shares in the last few days. Liberman and Robins Sold Thousands of Shares Liberman, who serves as DraftKings’ president of global tech and product, sold 78,466 shares on Monday for approximately $3.15 million. The shares were sold in […]

Business
August 27, 2024
BetMGM Unveils New Features & New York Jets Partnership Ahead of NFL Season
BetMGM, a leading iGaming and sports betting operator, revealed multiple “game-changing features” ahead of the 2024 football season. Designed to elevate the customer experience, these improvements are set to redefine how fans engage with the platform. Additionally, the company unveiled a live blackjack-oriented partnership with two New York Jets players. BetMGM Changes the Game The […]

Business
August 27, 2024
RSI Upgrades Its iRush Rewards Loyalty Program
Rush Street Interactive, a leading US-based betting and gaming company, has unveiled improvements to its iRush Rewards Loyalty Program. According to the company, the revamped program will boast a number of customer-centric changes. RSI Enhanced Its Loyalty Program According to RSI’s official announcement, the improvements will make it easier for players to redeem rewards, maintain […]

Business
August 27, 2024
Crown Resorts CEO Carruthers to Step Down in September
After a transformative period that helped ensure regulatory compliance for Crown Resorts, the company’s CEO, Ciaran Carruthers, will step down from his role. On Monday, the leading gaming and hospitality operator confirmed that its CEO will step down from his role effective from September 1. While Carruthers will remain a part of Crown Resorts, he […]
