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Business
October 23, 2024
FDJ Initiates Squeeze-Out to Complete Full Takeover of Kindred
La Française des Jeux (FDJ), France’s and the Republic of Ireland’s operator of national lottery games, has begun the squeeze-out process to acquire the remaining shares of Kindred Group, solidifying its path toward full ownership. This follows the successful completion of its €2.45 billion ($2.64 billion) acquisition earlier this month, which saw FDJ secure control […]
Business
October 23, 2024
Kindred to Boost Harm Detection as High-Risk Revenue Rises
Kindred Group published its latest Journey Towards Zero report, highlighting a slight increase in its share of revenue coming from high-risk players. As a result, the online operator expressed its commitment to further improving its detection and intervention systems. Kindred’s High-Risk Revenue Increased Slightly in Q3 In the third quarter of 2024, the company’s gross […]
Business
October 23, 2024
Catena Media Sheds 29 Jobs as It Seeks to Save $2.40M Per Year
Catena Media has announced that it is letting go of 29 of its employees in a move that is meant to boost the company’s financials and also shed redundancies. Catena Media Drops 29 Content Team Members as It “Flattens” Structure According to the company, this decision will help it transition to what it has described […]
Business
October 21, 2024
Bally Sports Rebrands as FanDuel Sports Network
The premier mobile gaming destination in North America that has redefined fantasy sports in pursuit of its mission of making sports more exciting, FanDuel, has secured a deal to rebrand Diamond Sports Group’s 16 regional sports networks, previously known as Bally Sports, to the FanDuel Sports Network. The move, effective October 21, follows a 2021 […]
Business
October 21, 2024
XLMedia to Sell US Assets to Sportradar, Plans to Delist by May
Sports and gaming digital media company XLMedia has agreed to sell its remaining business in North America to Sportradar, a Switzerland-based sports data specialist. This conditional agreement will see the rest of XLMedia’s NA business transferred to Sportradar for $30 million in cash. XLMedia Failed to Achieve Its Goals in America According to XLMedia, the […]
Business
October 18, 2024
Evoke Abandons the USA in Favor of European Markets
Evoke plc, the global gambling company formerly known as 888 Holdings, continues downsizing its US operations to focus on European markets. The group recently shuttered its SI Sportsbook business in Colorado, a deal regarded as the latest step in its strategic retreat from North America. Recent financial results indicate that this decision might have merit, […]
Business
October 18, 2024
Entain Excels in Brazil But Executives Expect Growth to Slow Down
Entain, which just published its Q3 trading update, which highlighted favorable results, including the company’s rapid growth in Brazil. In the company’s earnings call, however, the company’s leadership suggested that this growth is likely to slow down a bit following the launch of Brazil’s regulated sports betting market. Entain Is No Longer Experiencing Regulatory Drag […]
Business
October 18, 2024
NJ’s Gambling Sector Records September Surge from iGaming, Betting
September marked a strong month for licensed gambling operators in New Jersey. Gaming Revenue Increases in September On Thursday, the state’s gambling regulator, the Division of Gaming Enforcement (DGE), released its latest report, pointing to a strong growth in revenue in September. In total, casinos, racetracks and their partners reported revenue of $558.3 million last […]
Business
October 18, 2024
Dabble Considers Going Public to Take Its Growth to the Next Level
Dabble, a revolutionary social betting platform in Australia and a daily fantasy sports operator in the US, is said to be considering the next stage of its growth. An initial public offering (IPO) and sale of the business seem to be on the table. Dabble Is Considering Nasdaq or ASX IPO According to a reports, […]
Business
October 18, 2024
FDJ Posts YTD Results as Moody’s Reiterates Good ESG Rating
La Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion” with a diversified and balanced profile. FDJ reported year-to-date revenue of EUR 2.01 billion ($2.18 […]
