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Business
April 19, 2024
Spreadex-Sporting Index Merger to Undergo Further CMA Probe
A recent acquisition, encompassing the sale of the spread betting operator, Sports Index, to Spreadex captured the attention of the Competition and Markets Authority (CMA) in the United Kingdom. The deal dates back to November when La Française des jeux (FDJ), agreed to sell Sports Index to Spreadex, a competitor in the same industry. Financial […]
Business
April 19, 2024
Aristocrat Secures Regulatory Green Light for NeoGames Acquisition
NeoGames S.A. and Australian gaming giant Aristocrat Leisure Limited have successfully navigated through the regulatory labyrinth, receiving final approvals for their proposed merger. The Nevada Gaming Commission, alongside other regulatory bodies, has given the nod for Aristocrat’s acquisition of NeoGames, marking a significant milestone in the lucrative iGaming and iLottery markets. Aristocrat’s NeoGames Buyout Redefines […]
Business
April 18, 2024
FDJ Posts Q1 Results, Confirms Readiness to Acquire Kindred
La Française des Jeux (FDJ), France’s leading gaming operator, has published its Q1 results, reporting an increase in revenue. The group experienced significant growth across several segments and reaffirmed its acquisition of Kindred Group. Gaming revenue in France reached EUR 645 million ($688 million), up 3% year-on-year. Total revenue for Q1 2024, on the other […]
Business
April 18, 2024
Rank Group Posts Q3 Report, Highlights Strong Performance in UK & Spain
The Rank Group has published its financial report for the third quarter of the fiscal year (the quarter ended March 31, 2024). In its trading update, the company outlined increases across the board, just as expected by the board. The group’s LFL net gaming revenue (NGR) for Q3 stood at £182.3 million ($227.4 million), representing […]
Business
April 17, 2024
SkyCity Entertainment Puts Jason Walbridge at the Helm
SkyCity Entertainment announced the official appointment of Jason Walbridge as the company’s new chief executive officer. The new hire will leverage over 20 years of experience to underpin the company’s growth amid regulatory trouble. As announced by SkyCity, Walbridge boasts an impressive track record and is currently sitting on the boards of several noteworthy companies. […]
Business
April 17, 2024
Games Global Files for $100M IPO on NYSE, Targeting the US Market
Games Global, a leading online casino supplier, has unveiled plans to embark on a milestone journey by filing for an initial public offering (IPO) on the New York Stock Exchange (NYSE). The move marks a significant strategic shift as the Isle of Man-based company opts for a US listing over the London capital markets. Gambling-Related […]
Business
April 17, 2024
Entain’s Q1 Results Reveal Growing Challenges and Emerging Opportunities
In its recent trading update, global gambling giant Entain showcased resilience as it reported a year-on-year rise in revenue for the first quarter despite facing declines in the UK and Ireland markets. The company’s performance underscores its strategic successes but also highlights ongoing challenges in navigating evolving industry dynamics and regulatory pressures. Many Regions Showed […]
Business
April 17, 2024
Flutter Promotes a Paddy Power Online Sports Director from Within
Global sports betting, gaming and entertainment provider Flutter has promoted from within, naming the experienced Andy Branigan as the new sports director of its Paddy Power Online brand. In this position, the appointee will be responsible for the sports operations of the company’s Irish online betting arm. Branigan is no stranger to Flutter’s business and […]
Business
April 17, 2024
Michigan Betting, iGaming Operators Post Uptick in Handle for March
March marked another busy month for licensed online gambling and sports betting operators in Michigan. Details released by the state gambling regulator, the Michigan Gaming Control Board (MGCB), revealed that gross receipts during last month marked an uptick of nearly 20% month-over-month. At the same time, the betting handle also soared by nearly 20% when […]
Business
April 17, 2024
Handelsbanken Fonder Challenges Endeavor’s $13B Take-Private Deal
Swedish banking institution Handelsbanken Fonder AB has launched a legal challenge against Endeavor Group Holdings‘ proposed $13 billion take-private deal. The move aims to halt the acquisition led by private equity titan Silver Lake Capital, which seeks to delist Endeavor from the New York Stock Exchange. Allegations of Insider Favoritism Rock High-Stakes Buyout Endeavor, the […]
