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Business
July 10, 2024
Prettyman Named SVP of Property Operations for Live! Casino Louisiana
Cordish Gaming Group has promoted from within, designating the experienced Bryan Prettyman as senior vice president of property operations for its Live! Casino and Hotel in Louisiana. Set to open its doors in Q1 2025, the casino resort is Cordish’s newest property. Prettyman is an experienced gambling industry employee, whose track record includes senior positions […]
Business
July 10, 2024
Betfred Reports Loss Despite Nearly Doubling Online Gambling Revenue
Betfred’s online gambling operations have grown significantly, but the company reported a pre-tax loss of £71.7 million ($91.7 million) for the year ending October 1, 2023 – a massive swing from its £19.6 million ($25.1 million) profit in the previous year. Betfred’s Turnover Climbs 25.6%, Driven by 99% Surge in Online Revenue Overall turnover at […]
Business
July 9, 2024
Rummy Leader Passion Gaming Reacquires Shares from Rank Group
Bobby Garg and Priya Kumar, the co-founders of Indian rummy operator Passion Gaming, have re-acquired all company shares from their investors and are back in control of the company. The company’s shareholders included global gambling giant Rank Group. Rank Group, through its Stride Investments subsidiary, had invested $5 million in Passion Gaming shares, comprising of […]
Business
July 9, 2024
Roger Parkes Departs Betway Group after Nearly a Decade of Service
Roger Parkes, Betway Group’s esteemed director of compliance and regulatory affairs, has announced his departure from the leading company after nearly a decade of dutiful service. Parkes, a key figure in shaping Betway’s compliance framework, revealed his decision to take a break, recharge, and reflect before pursuing his next professional challenge. Betway Bids Farewell to […]
Business
July 9, 2024
Wall Street Analysts Bullish on FanDuel and DraftKings’ Long-Term Potential
According to Wall Street analysts, investors are increasingly considering FanDuel and DraftKings as major players in the sports betting and iGaming sectors. FanDuel and DraftKings Lead the Pack in New York’s Sports Betting Market David Katz of Jefferies Equities Research said that FanDuel and DraftKings had been the center of attention for investors, especially in […]
Business
July 8, 2024
Entain Adds Helen Ashton as Independent NED
Gambling giant Entain has made yet another addition to its team, naming the experienced Helen Ashton as an independent non-executive director. As someone with decades of corporate and business experience, she will be a valuable addition to Entain’s board. In addition to becoming an independent NED, Ashton will also join Entain’s Audit Committee. The new […]
Business
July 8, 2024
EveryMatrix Acquires FSB Technology in Its Biggest M&A Deal Ever
EveryMatrix announced that it has acquired full turnkey and specialist sportsbook technology provider FSB Technology in a new all-cash deal. Set to underpin the OddsMatrix sportsbook platform and odds feeds division, the acquisition will create instant value for EveryMatrix. According to the announcement, the arrangement will generate immediate additional revenues and cross-company synergies. Additionally, it […]
Business
July 8, 2024
Raketech to Divest Non-Core US Advisory Business in $2.25M Deal
Raketech, a leading online affiliate and content marketing company, announced that it has struck a deal to sell its non-core US advisory business. The business, ATS Consultants, was originally acquired in 2021 but deemed to be non-core to the group. Raketech’s US advisory business in question consisted of several high-value lead-generating sports tipster websites which […]
Business
July 8, 2024
Gambless App to Be Phased Out Because of Insufficient Backing
Gambless, an application providing help to people struggling with their gambling, will be gradually phased out after four years in service. With a heavy heart, the company announced the closure of the app, which was launched in 2020 and has so far assisted more than 20,000 people struggling with addiction. According to Gambless, the mobile […]
Business
July 8, 2024
Penn Entertainment Shares Soar as Flutter Weighs In on Potential Acquisition
Flutter Entertainment is said to be considering the purchase of interactive assets from Penn Entertainment in a notable move for the gaming industry. Flutter could team up with Boyd Gaming, which has also expressed interest in buying Penn. Penn Entertainment Shares Rise as Flutter Weighs in on Potential Acquisition Following this news, shares of Penn […]
