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Business
December 20, 2023
PointsBet to Transition to New Group CFO Next Year
The globally-recognizable betting operator, PointsBet, announced its plans to transition to a new group chief financial officer (CFO). This week, the company confirmed that its current group CFO, Andrew Mellor, will be replaced next year. To succeed the outgoing group CFO, PointsBet selected Alister Lui, who currently holds the role of chief financial officer (Australia) […]
Business
December 20, 2023
Entain May Sell BetMGM Stake or Consider MGM Merger, Analyst
Earlier this month, the global gaming giant, Entain, announced the departure of its CEO, Jette Nygaard-Andersen. The unexpected move resulted in the appointment of the company’s non-executive director, Stella David, as interim CEO, until the hire of a permanent replacement for the senior-level role. Now, a new report released by Seeking Alpha, citing an expert […]
Business
December 19, 2023
Lottery.com Secures New Investment, Expresses Optimism about 2024
Lottery.com reported that its financial position was bolstered thanks to a placement agent agreement with Univest Securities, a boutique full-service investment bank. Under this deal, the latter firm introduced Lottery.com to new investors. This resulted in an initial investment of a million dollars. According to the official announcement, the funding was provided to Lottery.com in […]
Business
December 19, 2023
TG Lab Forays into Colombia, Powers Stake’s Local Operations
TG Lab, a cutting-edge platform provider, has teamed up with crypto gambling giant Stake, allowing it to enter Colombia’s regulated gambling market. The launch comes after Stake secured the necessary license and regulatory approvals earlier this year. Stake set up its debut in debut in Colombia by acquiring Betfair Colombia back in November. The former […]
Business
December 18, 2023
Svenska Spel Names Anna Johnson as CEO, Hofbauer to Depart in February
Svenska Spel, a Swedish state-owned gambling operator, has named Anna Johnson as the successor of its current chief executive officer, Patrik Hofbauer. The latter announced his exit earlier this year, opting to explore other opportunities instead. Johnson will serve as Svenska Spel’s new president and CEO and is set to step into the office by […]
Business
December 18, 2023
Digitain Promotes Edmond Ghulyan to Chief Strategy Officer
Digitain provider of sportsbook software, iGaming platform, turnkey and API solutions, has strengthened its senior management team with a new promotion. As announced by the company, Edmond Ghulyan will climb its ranks and will now serve as its new group chief strategy officer and chief of Centrivo Product Solutions. In this new position, Ghulyan will […]
Business
December 18, 2023
Fanatics May Be Positioning Itself to Go Public in 2024
The potential public offering comes on the heels of two investor days this year, fueling previous market rumors suggesting a possible IPO debut for the Florida-based merchandise and media giant. The company’s successful foray into sports betting highlighted its successful diversification efforts as it built upon its partnerships with high-profile leagues like the NFL, NHL, […]
Business
December 18, 2023
Raketech Welcomes Dalia Turner as Its New Chief People Officer
Affiliate performance marketing specialist Raketech has announced a major new addition to its leadership team. As reported by the company, it welcomed the experienced Dalia Turner as its new chief people officer. Turner started her term as Raketech’s CPO on December 5 and will leverage her experience and talent to support the global senior management […]
Business
December 18, 2023
Entain Considers New Board Appointment to Answer Investor Concerns
Global gaming and sports betting powerhouse Entain remains wracked by turmoil as the recent departure of CEO Jette Nygaard-Andersen and intensifying shareholder pressures may herald a significant deviation from the management’s original long-term plans. The rumors regarding the potential onboarding of Ricky Sandler, one of the most vocal advocates for change, lend further credibility to […]
Business
December 15, 2023
Mohegan’s Q4 Fiscal Results Highlight Growth and Diversification
The Mohegan Tribal Gaming Authority recently released its fourth-quarter fiscal results ending 30 September 2023, showcasing notable strides in revenue diversification despite inconsistent results across some metrics. The company’s dedication to its customers and employees also set it apart from the competition, as management remained confident in its 2024 prospects, placing significant hope in its […]
