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Business
May 15, 2024
Betfred Integrates Sharp Gaming as Its New Technology Department
Betfred, a leading player in the UK gambling industry, has officially rebranded Sharp Gaming, the Warrington-based firm it acquired in 2021, as its new technology department. This rebranding follows the successful migration of Betfred’s online customers onto a unified proprietary platform developed by Sharp Gaming, marking the culmination of years of hard work. The Integration […]
Business
May 15, 2024
Emmett Voices Concerns over PlayAGS Acquisition by Brightstar
Earlier this month, AGS (PlayAGS), the leading company offering a range of gaming experiences powering the gambling industry across the globe, confirmed it entered into a definitive agreement for an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Brightstar offered a price of $12.50 per share, representing a 40% premium on AGS’ closing stock price […]
Business
May 15, 2024
Polymarket Closes Another Round, Sees Funding Surpass $70 Million
Polymarket is known as the world’s largest prediction market, which offers trading on highly debated topics, including politics, sports, crypto, current events and many others. The markets offered address a growing demand for wagers not only on popular sports events but real-world events. Such wagers are recognized across the United States as “event contracts.” Despite […]
Business
May 14, 2024
Blask Launches New AI-Powered Analytics Tool for iGaming Industry
An up-and-coming iGaming startup called Blask, announced the launch of its AI-powered market analytics solution that caters specifically to the iGaming sector. The startup was co-founded by Max Tesla, as well as Dmitry Belianin, two experts with significant experience in the vertical. The duo co-founded Blask back in March last year. As a part of […]
Business
May 14, 2024
Sharp Alpha Closes $25M Fund to Fuel Sports, Gaming Startups
Sharp Alpha Advisors has announced the successful closing of Sharp Alpha Fund II, its venture capital fund that has surpassed its initial target, securing over $25 million to invest in early-stage sports, gaming, and entertainment businesses. The fund has attracted diverse backers, including public companies, US financial institutions, pro sports team owners, family offices, top […]
Business
May 14, 2024
Flutter Reports $375M Comprehensive Net Loss in Q1, 16% Revenue Growth
The leading online sports betting and iGaming operator with a versatile portfolio of brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and MaxBet, Flutter Entertainment plc, has published its Q1 2024 financial report. The industry leader, which recorded $11,790 million of revenue globally for fiscal year 2023, and $3,397 million of revenue […]
Business
May 14, 2024
Maciej Smolarek Leaves Role as Yggdrasil’s Chief Technology Officer
The provider of superior online gaming solutions and products, powering iGaming operators across the globe, Yggdrasil, will now be looking for a new chief technology officer (CTO), after Maciej Smolarek announced his plans to depart from the company. Smolarek initially joined Yggdrasil back in January 2023. At the time, he was appointed to the role […]
Business
May 14, 2024
Bank of America Breaks Down Q1 Gaming Sector Results
Recently, major gaming and entertainment companies across the United States released their financial results. In light of the latest figures, revealing details regarding the businesses’ performance in Q1 this year, Bank of America (BofA) confirmed the release of its first quarter earnings scorecard, as announced by CDC Gaming. The latest report compared estimates with report […]
Business
May 14, 2024
Games Global Halts NYSE IPO Plans Amid Market Uncertainty
Online casino-style gaming content developer and distributor Games Global Limited is not going ahead with its planned initial public offering (IPO) in the United States for the time being. The company announced its decision on May 13 citing uncertain market conditions. Games Global’s Board of Directors Prioritize Stakeholder Interests Games Global’s Board of Directors made […]
Business
May 13, 2024
888 Rebrands as Evoke as Shareholders Approve New Identity
Gambling powerhouse 888 announced that it has officially completed its rebranding as evoke. The new identity is meant to better reflect the company’s multi-brand operating model and mission to provide cutting-edge entertainment to players. The move received almost unanimous approval as approximately 99.8% of shareholders voted in favor of the group’s name change. As evoke, […]
