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Business
July 19, 2024
Evolution to Acquire Galaxy Gaming in an $85M Deal
Gaming and entertainment company Evolution has set out to acquire Galaxy Gaming, a leading developer of casino games and technology. As agreed by the two companies, the former will acquire the latter for a total of $85 million, to be paid in cash. As a leader in the development and distribution of unparalleled casino experiences […]
Business
July 19, 2024
North America’s iGaming Growth to Slow Down in 2025, Analyst
The online gambling sector across North America is expected to close the current year with solid results. Yet, the growth of the iGaming and online betting sector is expected to undergo a slight dip in 2025 before once again demonstrating solid performance in 2026, a Wall Street analyst predicts. Across the United States, sports betting […]
Business
July 18, 2024
Evoke Behind Plan as Revenue Stumbles
Evoke, the recently rebranded company emerging from 888 Holdings, has reported a slower-than-expected second quarter of the year. In its Q2 2024 update, the company acknowledged that it was what it called “behind plan” on its revenue growth projections, prompting renewed soul-searching among the company’s top brass. Evoke Still Finding Its Footing in Post-888 Era […]
Business
July 18, 2024
SharpLink NASDAQ Listing Threatened by Compliance Strikeout
In an update provided by SharpLink, a leading sports betting affiliate company, the firm informed that it has received a noncompliance notice from NASDAQ, citing an issue with Listing Rule 5550(a)(2) which demands companies to maintain a minimum bid price of $1 per share. SharpLink Braces for Recovery of NASDAQ Compliance SharpLink’s trading price stood […]
Business
July 17, 2024
CIRSA Takes Lead in Peru After Acquiring 70% Stake in Apuesta Total
The Blackstone-owned group that aims to be a “global leader in the leisure and entertainment sector through a commitment to society, excellence, profitability, and efficiency,” CIRSA, has announced it acquired a 70% stake in Peru’s most successful sportsbook, Apuesta Total. As a result of the acquisition, CIRSA has become the majority shareholder of the entertainment […]
Business
July 16, 2024
Accel Entertainment to Acquire Fairmount Holdings in a $35M Deal
Accel Entertainment, a leading distributed gaming operator in the US, announced that it has entered into an agreement to acquire Fairmount Holdings, the owner of FanDuel Sportsbook & Horse Racing. The deal will see Accel Entertainment pay $35 million for the acquisition, payable to the sellers as 3.45 million shares of Accel Class A-1 common […]
Business
July 16, 2024
SkyCity’s New CEO Steps into the Office, New CFO Named
SkyCity Entertainment Group announced on July 15 that its newly designated chief executive officer has stepped into the office. Jason Walbridge, who was selected as the next CEO in April, succeeded Julian Cook, who transferred to a directorial role. In the meantime, Callum Mallett stepped down from the role of interim chief executive officer. Mallet […]
Business
July 16, 2024
Relativity Acquisition Confirms Plans to Merge with Mazaii in $500M Deal
Blank check company sponsored by the Delaware limited liability company, Relativity Acquisition Sponsor LLC, Relativity Acquisition Corp., has announced its intention to acquire the Montreal-based innovator within the online gambling industry, Mazaii Corp Ltd. Recently, Relativity Acquisition confirmed it has entered a letter of intent for the acquisition of the iGaming developer. Under the terms […]
Business
July 15, 2024
The Star Makes C-Suite Appointments, Reports Systems Disruption
Australian casino and hospitality leader The Star Entertainment Group announced new appointments to its C-suite. In an ASX update, the gambling company announced that it has appointed an interim group chief financial officer, as well as a new chief executive officer of it’s the Star Sydney property. As per the announcement, Neale O’Connell will now […]
Business
July 15, 2024
Rush Street Interactive Sale May Be Imminent, Suggests Report
Earlier this year, rumors emerged about the potential sale of Rush Street Interactive (RSI), the leading betting and gaming operator with a presence across the United States and owner of the popular brand BetRivers. Although the rumors emerged in March, details are scarce with only DraftKings being named as a potential buyer of RSI. Despite […]
