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Business News and Headlines
Business
June 11, 2024
BHA CEO Julie Harrington to Depart at the End of 2024
The British Horseracing Authority (BHA) announced that Julie Harrington will be stepping down as CEO at the end of the year. Her decision would mark the end of a four-year tenure and comes amid the ongoing gambling reforms. During her time as CEO of the BHA, Harrington oversaw a variety of changes, including a new […]

Business
June 11, 2024
Adventure Box to Acquire Lion Gaming in $45M Deal
Adventure Box Technologies, an online game maker platform, announced that it has signed a Letter of Intent (LOI) for the acquisition of Lion Gaming Group, a Canadian gaming and betting services specialist. The transaction aligns with the former company’s ambitious growth plans and marks its foray into the world of iGaming. Lion has a projected […]

Business
June 11, 2024
Relay Confirms Closing of $35M Series B Funding Round
The leading cloud-based technology platform that plans to revolutionize and improve frontline communications for industries from hospitality to healthcare and education, Relay, announced the closing of a new funding round. On Monday, the company confirmed it completed a $35 million Series B funding round that was led by G2 Venture Partners. In addition to G2 […]

Business
June 10, 2024
William Hill’s Former Exec David Fuke Returns to Betsson Group
William Hill’s former chief product officer (CPO) for the UK, David Fuke, has returned to Betsson Group after a six-year hiatus from the company. Fuke, who describes himself as a “highly accomplished product and design leader helping businesses supercharge their product thinking,” will be Bettson’s new director of product. Betsson, as Energetic and Ambitious as […]

Business
June 10, 2024
PENN CEO Remuneration Package Faces Pushback from Shareholders
The issue arose on June 4, during the Annual General Meeting, which saw 129,215,217 shares being represented in a voting process that would determine the pay package of Jay Snowden, the company’s boss, who is looking to collect $15.5m, owing to a mix of base salary, stock awards, and incentive plan compensation. Third of PENN […]

Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]

Business
June 6, 2024
Eminence Capital Becomes Entain’s Fourth Largest Shareholder
Ricky Sandler, CEO of Eminence Capital, has increased his stake in Entain to 5.18%, making Eminence Capital the fourth largest shareholder of the FTSE 100 firm. On 3 June, Sandler acquired an additional 7.1 million shares, bringing Eminence Capital’s total holdings in Entain to 37,154,030 shares, thus surpassing the 5% reporting threshold. Entain Is Increasingly […]

Business
June 6, 2024
Cordish Companies Picks Jamie Williams for Sales Director in Louisiana
The gaming division of the Cordish Companies, Cordish Gaming Group, announced a new important senior-level appointment, strengthening its team for Live! Casino & Hotel Louisiana, the company’s newest hotel gaming and entertainment resort. Earlier this week, the company confirmed it hired Jamie Williams, a hospitality and gaming veteran with extensive experience, for the role of […]

Business
June 5, 2024
Reimblad Exits Kindred, Colley to Serve as Interim Director of Sportsbook
Kindred Group is parting ways with its director of sportsbook, Andreas Reimblad. Having served the company for over 16 years, Reimblad will now explore new options. In a post on LinkedIn, Reimblad explained that his departure comes ahead of a “new and exciting opportunity.” Reimblad remarked that the Euro 2024 would mark his 8th major […]

Business
June 5, 2024
FanDuel Maintains Leadership Position, Suggests JMP Securities
Within the flourishing legal betting market in the United States, there are two major operators constantly competing for dominance, FanDuel and DraftKings. The two hold an estimated 80% of the legal betting sector in the country, reaffirming their unquestionable leadership position. Now, according to a new report, while competition between the duo continues, FanDuel is […]
