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Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
June 24, 2024
Better Collective Delivers Enhanced Value with New Buy-Back Program
Better Collective A/S has announced a share buy-back program valued at up to EUR 20 million ($21.48 million). The program, set to run from 24 June 2024 to 5 September 2024, aims to cover future obligations related to acquisitions and long-term incentive (LTI) programs. With the company enjoying robust financial performance, this initiative will be […]
Business
June 24, 2024
MGM to Acquire Tipico’s US Platform and Empower LeoVegas
Gambling and hospitality powerhouse MGM Resorts International has unveiled the acquisition of Tipico Group’s US assets, in line with previous rumors. The deal will see MGM, through its LeoVegas subsidiary, acquire Tipico’s sportsbook and iGaming platform in the United States. Tipico decided to divest its US assets earlier this year, citing market shifts as the […]
Business
June 24, 2024
Experienced Media Executive Jordan Gnat Joins Dreamcraft Ventures
Jordan Gnat, a sports media and gaming executive, has joined Dreamcraft Ventures as a limited partner. This marks an important step in Dreamcraft’s growth as part of the Venture Partner Network, which invests in early-stage startups that are typically at the pre-seed or seed stage in B2B SaaS, Digital Entertainment and FinTech sectors. Jordan Gnat […]
Business
June 21, 2024
Genius Sports Appoints Chair and Director, David Levy Takes Advisory Role
Sports data, tech and broadcasting specialist Genius Sports announced changes to its board, including the appointment of an industry heavyweight as chair and the transfer of ex-chair Levy to and advisory role. In addition, the company will welcome a new independent director. According to Genius Sports, its board will now be chaired by Kenneth […]
Business
June 21, 2024
Catena Media Expects Q2 Revenue Drop Because of Google Changes
At the start of May, affiliate business with a presence across multiple geographical markets, Catena Media, published its first quarter results for 2024, signaling suboptimal results. The serious drop across the board was tied to the poor execution of the business strategy, as well as Google’s recent changes. In similar news, the company that operates […]
Business
June 21, 2024
Boyd Gaming Eyes Penn Entertainment, Considers Acquisition
US casino powerhouse Boyd Gaming has reportedly approached fellow casino giant Penn Entertainment with an acquisition proposal. People familiar with the matter told Reuters that this could be the biggest casino merger in the US since Eldorado Resorts $17.3 billion acquisition of Caesars Entertainment. Following Reuters’ report, Penn’s shares experienced an increase of 8% to […]
Business
June 21, 2024
JP Morgan Highlights DraftKings’ Growth Prospects
Across the United States, DraftKings currently holds a leadership role in a number of markets. As one of the two major operators in the country that hold an overwhelming majority of the market share, the company constantly grows its presence and customer base. This ongoing growth did not go unnoticed with one industry expert confirming […]
Business
June 20, 2024
Wynn Resorts’ Vegas Expansion Project Is Still Alive
A crucial decision by the Clark County Zoning Commission should significantly benefit Wynn Resorts’ Las Vegas ambitions. The Commission voted on Tuesday to extend the previously approved development plans for a new resort tower on the Strip, keeping the operator’s vision for a third tower alive amidst evolving regulations and competitive pressures. The Third Tower […]
Business
June 20, 2024
Tipico Names Hefer CEO as Baca Takes over as Supervisory Board Chair
German sports betting provider Tipico has named Axel Hefer as its new chief executive officer. In this position, Herfer will succeed Joachim Baca who will now take over as chairman of the supervisory board instead. Baca has led Tipico for the last eight years, playing a crucial role in the company’s growth into a sports […]
