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Business
October 30, 2024
Caesars Accelerates Debt Reduction Goals with LINQ Promenade Sale
The leading casino entertainment company with a solid presence across the United States, Caesars Entertainment, announced it has entered into a definitive agreement to sell one of its Las Vegas assets. Caesars Agrees to Sell the LINQ Promenade Details regarding the sale emerged Tuesday with the company confirming its intention to divest the LINQ Promenade, […]
Business
October 29, 2024
Tekkorp Appoints African Partner as It Doubles Down on the Region
Tekkorp Capital, a major gaming investor and advisor, is doubling down on its efforts in Africa as it seeks to unlock the region’s potential. To that end, the firm appointed a new Africa partner who will spearhead its investment ambitions in the region. O’Donovan Will Spearhead Tekkorp’s Expansion in Africa The one up to the […]
Business
October 28, 2024
EasyJet Owner Bets on Gambling in Latest Business Venture
Stelios Haji-Ioannou, the billionaire behind the famous EasyJet airline group, has forayed into the world of online sports betting with an Easy-branded sportsbook. To that end, the entrepreneur has teamed up with an offshore gambling firm that has formerly had trouble with the United Kingdom’s Gambling Commission. EasyBet Will Complement the Easy Portfolio As reported […]
Business
October 25, 2024
Better Collective Streamlines Operations, Updates 2024 Financial Plans
Digital sports media group Better Collective released preliminary financial results regarding the third quarter of the year along with an updated full year 2024 financial guidance. The Company Remains Focused on Sustainable Long-Term Success Focusing on the preliminary unaudited figures, the company confirmed it anticipates revenue in the realm of €81 million ($87.7 million) for […]
Business
October 25, 2024
PrizePicks Secures Licenses in Delaware and Missouri
PrizePicks, one of the largest North American daily fantasy sports operators, announced that it officially obtained a Daily Fantasy Sports Operator License in Delaware, allowing the company to introduce its flagship platform to even more fantasy sports fans. In addition to Delaware, PrizePicks secured a license in Missouri, bringing the number of states where it […]
Business
October 24, 2024
Betsson Posts Strong Q3 Results, Looks Forward to Favorable FY Report
Betsson has published its interim report for the third quarter of the year, posting record-breaking revenue levels ahead of its launch in Brazil’s regulated market. Betsson’s Q3 Was Underpinned by High Activity in Key Markets Betsson reported group revenue of EUR 280.1 million ($302.6 million) for the period, representing an increase of 18% from EUR […]
Business
October 24, 2024
Atlantic Lottery’s Profits Surge Along with Losses to Illegal Gambling
The public-owned corporation and government-regulated provider of gambling and betting products provider, Atlantic Lottery, released its 2023-24 annual financial report, pointing to strong growth and performance. While acknowledging the impressive results achieved over the last year, the operator pointed to one major challenge, the black market. The Lottery’s Profits Help Fund Vital Projects The latest […]
Business
October 24, 2024
Evolution Posts Strong Q3 Results Despite Challenges in Georgia, Asia
The third quarter marked a challenging period for Evolution, the leading business-to-business (B2B) solution provider for casino operators across the globe. Despite challenges, the company reported strong operating revenues marking an increase year-over-year but saw a dip in its adjusted EBITDA margin. Adjusted EBITDA Margin Was Slightly Lower than Expectations Released Thursday, Evolution’s Q3 2024 […]
Business
October 24, 2024
Truist Analyst Shares Insights, Finds Gaming Stocks Uninspiring
An expert analyst recently pointed to the underperforming gaming stocks when compared to the S&P Index and discussed a range of challenges and developments within the sector. Investors Lack Enthusiasm for Gaming Stocks That is the take of Truist Securities analyst Barry Jonas, who was recently quoted by CDC Gaming. In a Wednesday note to […]
Business
October 23, 2024
BetMGM Enters Third European Market with Swedish Launch
MGM Resorts subsidiary LeoVegas Group announced that it has launched its “international hero brand” BetMGM in Sweden, expanding its global footprint. The move aligns with the group’s ambition to scale the brand in Europe and usher in a “golden era” for the iGaming sector. A Golden Era for Swedish iGaming Sweden has become the third […]
