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Business
April 25, 2024
Expert Analyst Shares Insights about the US Gambling Sector
Ahead of the traditionally busier summer season, gambling operators are still facing some uncertainties across the United States. Major recent sports events such as the Super Bowl and the NFL helped bring mixed results, varying from one operator to the other. Yet, an important factor throughout the year would be potential changes to the interest […]
Business
April 24, 2024
Flows Strengthens DragonGaming with No-Code Automation
DragonGaming, a slots provider that seeks to shape the online entertainment realm, has successfully integrated Flows into its business. The critically acclaimed no-code automation platform is expected to greatly enhance the developer’s operational efficiency, allowing it to continue rolling out innovative titles. Flows’ unique capabilities allow it to support businesses by speeding up development and […]
Business
April 24, 2024
Evolution Posts Q1 Results, Signs Deal with Bet365
Evolution has published its quarterly report for the first three months of 2023, demonstrating a stable performance. The company’s metric increased across the board, underpinned by Evolution’s robust business strategy. In Q1, Evolution reported a 16.7% increase in operating revenues to EUR 501.5 million ($535.9 million). For context, the company reported operating revenues of EUR […]
Business
April 24, 2024
PointsBet Posts Q3 Results, Expresses Doubt about Further Tax Hikes
Australian iGaming and sports betting operator PointsBet has published its financial results for Q3 FY24, reporting positive trends across the board. In addition to posting favorable results, the company revealed that it is not too concerned about potential tax hikes in Australia. PointsBet’s report outlines a total sports betting handle of AUD 673.4 million ($437.6 […]
Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
Business
April 24, 2024
Xpoint Revolutionizes Geolocation Checks with Trust Mode
Xpoint, a leader in geolocation security solutions, has unveiled the release of a revolutionary new product. Trust Mode is a solution that allows Xpoint’s clients to decrease geolocation checks while remaining compliant with the requirements in US jurisdictions. Trust Mode, according to the announcement, complies with the required check frequencies while still reducing the overall […]
Business
April 24, 2024
Tribal Casino Payments to Michigan Mark Decrease in 2023
Currently, tribal operators represent an important part of the gambling market in Michigan. The state has established gaming compacts with 12 federally recognized Native American tribes, which operate a total of 23 land-based class III tribal casinos. The 23 casinos represent the majority of the sector in Michigan, considering that the only three commercial venues […]
Business
April 24, 2024
Las Vegas Sands Prepares for Major Debt Refinancing, Market Optimism High
Las Vegas Sands is gearing up for significant refinancing moves, with analysts anticipating a positive reception from the markets. CBRE Capital Advisors Inc., in a recent analysis, highlighted Las Vegas Sands’ plan to refinance a substantial portion of its outstanding debt, emphasizing its intentions to navigate upcoming financial obligations smoothly. Sands China and Las Vegas […]
Business
April 24, 2024
Goldman Sachs Recognizes MGM’s Leadership in Share Repurchases
MGM Resorts International is poised to emerge as one of the frontrunners in share repurchasing this year, according to financial analysts at Goldman Sachs. The renowned casino operator’s consistent dedication to buying back its own shares has earned it a coveted spot in Goldman’s buyback basket, a significant indicator of market confidence. MGM Shines in […]
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
