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Business
June 20, 2024
GiG Continues Ontario Growth with Venture Labs Deal
Just after finalizing its €15 million bond issue, Gaming Innovation Group (GiG), an iGaming marketing and media leader, announced the signing of a head of terms agreement with Ventures Lab. A market-leading leading online sports betting and gaming group, Ventures Lab will become GiG’s fourth partner in Ontario. In line with GiG’s global growth strategy, […]
Business
June 19, 2024
Flutter Adds Ex-Spotify Exec to Team, Names Soccer Legend as Betfair Ambassador
Flutter Entertainment has designated the experienced Mark Shaw as its new director of global payments strategy. A former Spotify executive, Shaw brings years of corporate experience to the team. Spotify isn’t the only noteworthy company Flutter’s new director has worked for. His impressive track record also includes stints with TSB Bank, Visa Europe and Vocalink. […]
Business
June 19, 2024
GiG Finishes Oversubscribed €15M Bond Issuance
At the start of the week, we announced that iGaming marketing and media leader Gaming Innovation Group (GiG) had signed a head-of-terms agreement for the acquisition of search engine optimization and content services provider Titan. The group also selected ABG Sundal Collier and Pareto Securities as the managers responsible for setting up a number of […]
Business
June 19, 2024
MGM China Confirms International Notes Offering for Professional Investors
The leading entertainment and casino operator that owns a luxury resort in Macau, MGM China Holdings Ltd., confirmed its plans to issue notes to professional investors internationally. The announcement came as a part of a Hong Kong Stock Exchange filing released earlier this week. In its filing, MGM China revealed that by issuing notes to […]
Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
Business
June 18, 2024
Morgan Stanley Thinks Forecasted Buyback Will Boost DraftKings’ Shares
Earlier in the month, Morgan Stanley‘s analyst, Stephen Grambling, and his colleagues spoke about DraftKings’ impressive market growth and well-balanced promotional environment, giving the US-based vertically integrated sports betting operator a favorable outlook. Now, analysts from the same NYSE-listed leading global financial services firm are projecting a strong rest of the year for the operator, […]
Business
June 18, 2024
GiG Media Rebrands as Gentoo Media Ahead of Strategic Split
Online gaming marketing and media leader Gaming Innovation Group (GiG) unveiled a new corporate identity for its GiG Media division. Set to be spun off from the main company, the division will now be rebranded to Gentoo Media. The rebranding aligns with GiG’s intention to grow what was known as GiG Media into a separate […]
Business
June 17, 2024
Tabcorp Selects Former AFL Exec McLachlan for CEO and MD Role
The largest gambling company in Australia that currently has more than 5,000 employees, Tabcorp, announced a new senior-level hire. On Monday, the gambling giant revealed it selected Gillon McLachlan, the former Australian Football League (AFL) executive, for the role of CEO and managing director. An ASX announcement released by Tabcorp reveals that McLachlan will officially […]
Business
June 17, 2024
GiG Sets Out to Acquire SEO Specialist Titan, Considers Bond Tap Issue
Gaming Innovation Group (GiG), a leader in iGaming marketing and media, announced that it has signed a head-of-terms agreement to acquire Titan, a provider of SEO and content services. According to the former company, this acquisition will significantly enhance its operational efficiency and market position. GiG explained that the agreement would reduce costs and bolster […]
Business
June 17, 2024
Stake Teams Up with BetBlocker to Promote Safer Gambling
Online gaming and crypto betting giant Stake has unveiled a historic safer gambling deal with BetBlocker, a non-profit developer of anonymous responsible gambling software. In line with the operator’s ambition to protect players from harm, the deal will see Stake promote BetBlocker’s tools. For context, BetBlocker offers free software that players can install on their […]
