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Business News and Headlines
Business
February 15, 2024
Monarch Casino & Resort Reports 2023 Q4 Results
The Nasdaq-listed company that owns and operates the Monarch Casino Resort Spa in Black Hawk, Colorado, and the Atlantis Casino Resort Spa in Reno, Nevada through its subsidiaries, Monarch Casino & Resort, Inc., has announced its operating results for the fourth quarter which ended December 31, 2023. The company has reported a 6.3% boost in […]

Business
February 15, 2024
PENN Posts Mixed Q4 Results, Highlights Corporate Responsibility Progress
PENN Entertainment has published its Q4 results, providing an insight into how its business fared during the last three months of 2023. Despite certain setbacks, the period saw PENN deliver growth, driven by operational excellence and strong customer demand. In Q4, the company’s revenues reached $1.39 billion. While this figure is lower than the one […]

Business
February 15, 2024
Entain Strikes Sponsorship Deals in Australia and New Zealand
Ladbrokes, the Entain-owned betting brand, has enhanced its regional sponsorship agreement with the Ultimate Fighting Championship (UFC) in Australia. The two-year deal will see the branding in the Octagon and during UFC broadcasts in Australia transition from the neds brand to Ladbrokes. Entain also recently secured a 25-year strategic partnering agreement in New Zealand to […]

Business
February 15, 2024
Betsson Posts Record-Breaking FY 2023 Report
Betsson has published its full-year report for 2023, reporting very strong results despite a few small setbacks in Q4. The overall group revenue continued to increase to all-time-highs throughout the year but the sports betting segment experienced a slight decline in the final quarter. In Q4 2023, Betsson reported group revenue of EUR 251.9 million […]

Business
February 15, 2024
FDJ Reports Solid Growth and Strong Results for 2023
France’s leading lottery and betting operator, La Française des Jeux (FDJ), released its latest financial update, highlighting strong growth of revenue and recurring EBITDA for 2023. The report, released Wednesday, reveals the company reported €2.62 billion ($2.82 billion) in revenue, a result that marked a year-over-year increase of 6.5%. A breakdown provided by FDJ confirmed […]

Business
February 14, 2024
Kindred Launches Initiative to Promote Heart Health in Pro Cycling
Kindred’s flagship Unibet brand has unveiled a new campaign to raise awareness about heart health issues within the cycling community. Called Follow Your Heart, the new campaign represents a partnership between the operator and the Dutch cycling team Tour de Tietema (TDT). As a part of the initiative, Unibet joined forces with the team to […]

Business
February 14, 2024
La Royale Gaming Enhances Leadership Team with Eamonn Faulkner
La Royale Gaming Investments, a pioneering Malta-based holding company fostering an innovative online and offline gaming enterprise ecosystem, has fortified its leadership by appointing Eamonn Faulkner as chief operating officer. Faulkner boasts over two decades of industry expertise, joining from his prior role at Videoslots, and will contribute his extensive experience to La Royale’s management. […]

Business
February 14, 2024
PrizePicks to Cease Paid Contests in New York after $15M Settlement
PrizePicks, a leading daily fantasy sports operator, has agreed to a settlement with the New York State Gaming Commission (NYSGC), consenting to halt its for-money contests in the state and pay a substantial settlement of nearly $15 million. The sum reflects the revenue generated by PrizePicks through purported interactive fantasy sports contests from 4 June […]

Business
February 14, 2024
GiG Publishes All-Time High Q4 Results
Gaming Innovation Group (GiG) has published its Q4 2023 financials, reporting increases across the board. The company’s metrics for the period were very strong, underpinned by the company’s robust business strategy. GiG’s Q4 2024 revenues stood at EUR 35.6 million (38.2 million). This is notably the highest quarterly revenue ever recorded by the group and […]

Business
February 14, 2024
Entain Shares Drop 4% After MGM Excludes Takeover Bid
Recently, MGM Resorts’ chief executive officer, Bill Hornbuckle, was asked about any change of heart following the company’s latest public statement on the acquisition bid topic. His answer led to a 4% drop in Entain’s shares. Last fall, it was speculated that MGM Resorts would possibly make a new acquisition bid for global gaming giant […]
