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Business
June 17, 2024
PENN Entertainment Strategic Review Is Unlikely, According to Analyst
The shares of the leading American gaming and entertainment company formerly known as Penn National Gaming, PENN Entertainment, took a dip after an analyst hinted that a near term strategic review of the company’s operations is unlikely. The company’s shares on NASDAQ traded around $19 prior to the announcement. However, a notable decrease of nearly […]
Business
June 17, 2024
US Government Loses Appeal in Steve Wynn Foreign Lobbying Case
A federal appeals court has dismissed a civil suit filed against Steve Wynn by the US Department of Justice (DOJ) that sought to force him to register as a foreign agent, in a major legal win for the casino mogul. The lawsuit, which was brought in May 2022 and centered around events from 2017, alleged […]
Business
June 14, 2024
AGLC to Buy 150 Valor Terminals From Inspired Entertainment
NASDAQ-listed business-to-business supplier of gaming content, technology, services, and hardware, Inspired Entertainment, has announced a fresh partnership with Alberta’s governmental agency responsible for overseeing casino gaming, Alberta Gaming, Liquor, and Cannabis (AGLC). The announcement comes half a year after the start of what proved to be a successful trial period, as a result of which […]
Business
June 14, 2024
DraftKings Continues to Grow as SPAC Businesses Decline
DraftKings has defied the odds, becoming one of the most successful companies to go public through a merger with a special purpose acquisition company (SPAC). While many businesses that adopt a similar approach have met the inglorious reality of low returns, the operator has firmly cemented itself as one of the business leaders in North […]
Business
June 14, 2024
Catena Media Names Jamie-Grace Farrugia VP HR, Parts Ways with Fiona Ewins Brown
Casino and betting affiliate specialist Catena Media announced that it will be parting ways with Fiona Ewins Brown who has served as its chief human resources officer for almost a decade. In the meantime, the company will appoint Jamie-Grace Farrugia as its new vice president of human resources. Brown, according to Catena Media, will depart […]
Business
June 14, 2024
Ladbrokes Celebrates Soccer with a New Ad Campaign
Leading sportsbook Ladbrokes has launched its new “Bring Your Wave” campaign, evoking the Mexican Wave, one of soccer’s most iconic fan celebrations. With the European Championships and the 2024/25 Soccer Season just around the corner, the operator hopes to stoke fan excitement and give users new and engaging ways to support their favorite teams. The […]
Business
June 14, 2024
Light & Wonder Unveils New $1bn Share Buyback Program
The leading cross-platform global games company, Light & Wonder (L&W), confirmed that its Board of Directors authorized a new share repurchase program. On Thursday, the company revealed that approval was granted for the repurchase of up to $1 billion in outstanding common stock under the terms of a new three-year share repurchase program. The new […]
Business
June 13, 2024
Oddschecker and Low6 Unveil Free-to-Play Euro 2024 Bet Bingo
FairPlay Sports Media’s oddschecker brand has once again joined forces with gamification specialist Low6 to release a new free-to-play game ahead of the UEFA Euro 2024. The new title is called Euro 2024 Bet Bingo and provides players with a shot at tempting prizes. Euro 2024 Bet Bingo seeks to tap into the Euro 2024 […]
Business
June 12, 2024
Boyd Gaming Adds Veteran Investment Banker to Board
Boyd Gaming, an American gaming and hospitality company, has designated Michael Hartmeier as a member of its board. A former Barclays investment banker, the appointee will now become a part of the operator’s audit committee. By adding Hartmeier to the board, Boyd has essentially expanded its board size from eight to nine members, six of […]
Business
June 12, 2024
FanDuel and DraftKings Retain Dominance, Oust Competitors
Since the repeal of PASPA six years ago, sports betting expanded across the United States. This expansion helped create a healthy and competitive market. Although there are plenty of licensed operators, the unquestionable leaders remain FanDuel and DraftKings. The duo, cumulatively held a 73% handle share in April, according to Truist’s expert analyst Barry Jonas, […]
