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Business
July 5, 2024
Kambi Withdraws 2027 Financial Targets amid Market Uncertainties
Kambi Group plc’s Board of Directors has withdrawn its previously announced 2027 financial targets, citing slower-than-expected regulatory progress in key markets as a primary reason. The decision follows a comprehensive review initiated in February, which reassessed the company’s progress in its core jurisdictions, challenging the assumptions that shaped its January 2023 financial targets. This Downturn […]
Business
July 4, 2024
William Hill Reports Strong Financials Despite Challenging Market Conditions
In its annual financial report for the fiscal year ending on December 31, 2023, William Hill presented a strong financial performance, which showed resilience and strategic progress in the market. William Hill Reports Slightly Lower 2023 Earnings, But Sees Growth in Key Areas William Hill’s earnings for 2023 were £1.2 billion ($1.5 billion), slightly down […]
Business
July 3, 2024
Relax Gaming Names Kirsten O’Neill as Second-Ever CFO
Relax Gaming, a leading iGaming aggregator and content supplier, announced that it has named the experienced Kirsten O’Neill as its new chief financial officer. Having joined the company in 2021, the appointee will now assume responsibility for the company’s finances. O’Neill originally served as group finance manager, leveraging her experience to sort out financial matters […]
Business
July 3, 2024
EBET Likely to Close as It Prepares to Sell Its Brands via Auction
EBET is preparing to shut down and sell its brands, marking the end of an era. Unfortunately, the company failed to navigate the highly competitive iGaming market and defaulted on debt owed to its creditors. In June 2023, EBET defaulted on the debt it owed to CP BF Lending. Despite attempting to cut costs, reduce […]
Business
July 2, 2024
EveryMatrix’s DeepCI Rebrands to PartnerMatrix Intelligence
EveryMatrix announced that its DeepCI global affiliate intelligence platform has rebranded to PartnerMatrix Intelligence. Now boasting a new identity, the subsidiary will continue its quest to create an all-in-one affiliate management and data tracking powerhouse. EveryMatrix originally acquired DeepCI a year ago, aiming to offer a superior customer experience through the latter company’s data-driven capabilities. […]
Business
July 2, 2024
Flutter Bolsters Leadership with Two New Non-Executive Directors
Flutter Entertainment announced that its Board of Directors had appointed Robert R. Bennett (“Dob”) and Christine M. McCarthy as non-executive directors, effective immediately. Bennett will join the Risk and Sustainability Committee, while McCarthy will be part of the Audit Committee. These appointments align with Flutter’s recent drive to bolster its leadership core. The Company Gains […]
Business
July 2, 2024
Kurt Freedlund Joins GLI as Senior Lottery Solutions Account Executive
Gaming Laboratories International (GLI) has appointed lottery specialist Kurt D. Freedlund as the company’s senior lottery solutions account executive. In this position, he will provide strategic direction and advisory services to GLI’s lottery customers, concentrating on product innovation, operational modernization, governance, strategic planning, procurement optimization, and business analysis. Angela Wong Praises Kurt Freedlund’s Lottery Expertise […]
Business
July 2, 2024
Analysts Highlight Las Vegas Strip’s Strong Performance and Growth Prospects
Reports from analysts discuss the powerful performance of the Las Vegas Strip recently, as well as the increasing number of customers for DraftKings and continuous income potential for US regional casinos. Las Vegas Strip Posts Strong May Revenue Despite Headwinds In a June 27 note, Truist Securities analyst Barry Jonas highlighted the strong performance of […]
Business
July 2, 2024
BlueBet Exits Indiana, Initiates Review of US Assets
BlueBet has decided to pull out from the Indiana market amid various setbacks. In addition, the betting operator has initiated a strategic review of its operations in the United States. BlueBet originally entered the Indiana wagering sector through an agreement with Caesar Entertainment’s Horseshoe Hammond property. However, the Australian operator opted to cancel the deal, […]
Business
July 1, 2024
Werner Becher to Succeed Kristian Nylén as Kambi’s CEO
Kambi Group has appointed Werner Becher, an experienced gambling industry veteran, as its new chief executive officer. Set to replace the outgoing Kristian Nylén in late July, Becher will bring a wealth of experience, setting Kambi up for future success. The appointee is an industry powerhouse who has formerly served a variety of noteworthy companies. […]
