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Business
March 22, 2023
Star Entertainment Appoints David Foster as Chairman amidst Ongoing Difficulties
The company is experiencing significant hardships after losing its New South Wales and Queensland licenses, owing hundreds of millions in fines and facing several class action lawsuits. Foster’s appointment is part of an ongoing process to remedy the company’s shortcomings, ensure compliance and contest unjust allegations. The new chairman remains optimistic regarding the company’s future […]
Casino
March 21, 2023
Dream Las Vegas Construction Stalls as Developers Run Out of Funds
Shopoff Realty Investments, one of the companies behind the project, is confident that the planned hotel is promising enough to draw additional investors. Rising inflation and other economic pressures almost doubled the construction costs, and the funding-related delays may push back the planned late 2024 launch. Despite ongoing difficulties, the developers remain optimistic and will […]
Casino
March 20, 2023
Toronto Gambling Expansion Threatens MSIFN Economic Health
The Great Canadian Casino Resort Toronto is expected to open its doors this summer. The announcement pleased many industry participants and punters were happy with the prospect. However, First Nation considered it part of a behavioral pattern that might threaten its economic health, as more gaming establishments in the area means a more fragmented market […]
Industry
March 16, 2023
Francesco Postiglione Designated as Casumo CEO
Casumo, an innovative, award-winning and mobile-first iGaming company, has reinforced its leadership team with the addition of Francesco Postiglione as its chief executive offer. In this role, Postiglione will replace Oscar Simonsson, Casumo’s co-founder, who served as CEO for a time. Simonsson is certain that the new appointee has what it takes to take Casumo […]
Business
March 15, 2023
LVCVA to Sell 10 Acres of Strip Land for $125M
The Las Vegas Convention and Visitors Authority (LVCVA) approved the sale of 10 acres of land on the Las Vegas Strip. The deal, which will see the entity sell the parcel to Brett Torino and Paul Kanavos for $12.5 million per acre, was unanimously approved by LVCVA’s directors. The $125 million deal will see the […]
Business
March 14, 2023
Super Group Publishes Preliminary Q4 and FY22 Results
Super Group, the group behind the Betway and Spin gambling brands, has published its preliminary Q4 and full-year 2022 financial results. The company saw its revenue exceed the guidance range, causing Super Group to be optimistic about the future despite certain declines. Super Group’s unaudited Q4 financial highlights show Q4 revenue of around $353 million […]
Industry
March 10, 2023
Genius Sports Revealed Impressive Full-Year 2022 Performance
Data, technology and broadcast company Genius Sports released today its fourth quarter and full year 2022 financial report, posting an impressive increase in revenue and a significant drop in the group’s net loss. Quarterly and Full-Year Revenue Genius Sports generated $105.34 million in revenue in the fourth quarter and $341.03 million in the full year […]
Industry
March 10, 2023
Veikkaus Revenues Stagnate as the Agency’s Future Remains Uncertain
Veikkaus Oy’s 2022 profits remained roughly in line with last year. Fennica Gaming, the group’s first subsidiary, showed promising results and should soon significantly contribute to the group’s market presence. Despite optimistic remarks from board members, rising political pressures may soon disrupt Veikkaus’ undisputed reign over the Swedish market. Financials Remained Stable across the Board […]
Business
March 10, 2023
Flutter Entertainment’s Results Boosted by Online Gaming Segment
Flutter Entertainment, a leading sports betting and gaming company, has released its annual financial report for the year 2022, and it’s full of impressive numbers. Online Gaming Segment Boosts Flutter Entertainment’s Revenue by 49% In the report, Flutter Entertainment announced a significant increase in revenue and profits compared to the previous year. The company’s revenue […]
Business
March 10, 2023
PlayAGS Posts Record-Breaking Q4 2022 Results
PlayAGS, a designer and developer of gaming solutions, has published its results for the fourth quarter of 2022, demonstrating strong growth across its verticals. The company’s revenues and EBITDA improved significantly as interest in its products grew. As reported by the company, its total revenue increased to a record $81.7 million, representing a favorable 16% […]
