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Industry
April 18, 2023
New Research Pegs the Cost of Problem Gambling in the UK to £1.40B Each Year
The research focused on the fiscal costs associated with problem gambling, contrasting previous work in that field. NIESR’s findings questioned the long-term financial benefits of gambling as opposed to its substantial societal burdens. The Institute recommended further research to elaborate on these early findings and develop a comprehensive picture of the UK’s gambling ecosystem. Hundreds […]
Business
April 14, 2023
Lottomatica Prepares for IPO, Targets $467M
Apollo Global, an American global private equity firm, has confirmed its IPO plans for the Lottomatica division, saying that it plans to have it go public on the Euronext Milan exchange by the end of April. The IPO is expected to help Lottomatica reduce its debt. According to the announcement, the IPO will consist of […]
Business
April 14, 2023
888’s FY 2022 Report Reveals Mixed Results, Management Remains Optimistic
888 Holdings’ FY22 results and Q1 2023 trading update showed strong performance in key verticals, but UK and Middle East compliance issues dampened performance in these jurisdictions. The William Hill acquisition was a significant investment that had a transformative effect on the group, substantially improving its 2023 prospects. Overall, 888’s leadership stood by its earlier […]
Industry
April 14, 2023
Macau Continues Its Long Road toward Diversification
Despite its steady post-COVID recovery, Macau’s gambling sector faces rising competition from other Asian destinations. The local government has spent years attempting to distance itself from gaming and attract tourists with family-friendly options. However, the aftermath of the pandemic and rising economic uncertainty made such efforts exceptionally difficult. The Last Few Years Were Unkind to […]
Business
April 14, 2023
Better Collective Deepens Moat with Skycon Limited Acquisition
Digital sports media group Better Collective has acquired Skycon Limited, a British global display advertising company, in a $57 million deal (converted to USD). The new acquisition will help the former company cement its leading position in sports media, helping it improve its advertising efforts. Skycon Limited was founded in 2017 and is a Newcastle-under-Lyme-based […]
Blockchain
April 13, 2023
Warren Buffett Maintains His Hardline Stance Against Cryptocurrencies
Warren Buffett, the billionaire CEO of Berkshire Hathaway, has long been known for his skepticism of Bitcoin and other cryptocurrencies. In a recent interview with CNBC, Buffett reiterated his long-held view that cryptocurrency had no intrinsic value and was a speculative asset prone to extreme price swings. He warned investors to stay away, noting that […]
Business
April 13, 2023
BeyondPlay Secures $5.5M in Latest Funding Round
BeyondPlay, a company that combines a custom-built platform with streaming technology and social features, has raised over $5.52 million thanks to its latest funding round. The software firm attracted the attention of several notable investors. BeyondPlay’s latest round was led by Bettor Capital, a US-based early-stage venture capital fund. It focuses on investments to providers […]
Business
April 7, 2023
Cathie Wood’s ARK Trims DraftKings Position after Selling Over 294,000 Shares
The issuer of actively managed exchange-traded funds (ETFs) has announced it sold 294,143 shares of the operator in the context of the stock collapsing. This way, Cathie Wood’s ARK Investment Management took part in a wider market sell-off stimulated by the disappointing forecast for jobs in the private sector in the previous month. One of […]
Industry
April 6, 2023
Digitain Promotes Grigor Asoyan to Group Deputy CEO of Technology
Digitain, a leading sportsbook and casino platform provider serving the iGaming industry, has reinforced its team with a new leadership appointment. The company announced that Grigor Asoyan will be joining its team as group deputy chief executive officer of technology with immediate effect. Asoyan is a Digitain employee who previously served as the company’s chief […]
Business
April 5, 2023
Entain Pens Major Deal, Acquires 365scores
Global sports betting, gaming and interactive entertainment group Entain has unveiled a new major acquisition. The company said that it has acquired all of the shares of 365scores, a global sports media company. In the announcement, Entain said that the acquisition has cost it $150 million. In addition, Entain may have to pay up to […]
