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Business
September 12, 2022
Loeb Gives Up on Convincing Disney to Spin Off ESPN
Daniel Loeb will no longer try to convince Walt Disney to spin off ESPN. The investor recently staked $1 billion in the company and believed that spinning off ESPN would help Disney reduce its debt. Loeb Changes His Mind When Loeb proposed the spin-off, he argued that separating ESPN from its parent company would help […]
Sports
September 8, 2022
Seattle Sounders FC Inks a Pitch Naming Deal with the Puyallup Tribe
Seattle Sounders FC, a Seattle-based soccer club, has inked a naming rights deal with the Emerald Queen Casino, a gambling venue operated by the Puyallup Tribe of Indians. The agreement will see the sports team call its field in the Lumen Field stadium the Emerald Queen Casino Pitch. The Sounders Team Up with the Puyallup […]
Business
August 16, 2022
EBet to Lay off Workers as Part of Profitability Plan
EBet, a global provider of advanced esports wagering products and technology, will be laying off over half of its workers. The company cited profitability goals as the reason for the drastic measures. EBet Announced Profitability Plan In May, EBet posted its results for the second quarter of the fiscal year. Although the company’s revenues rose […]
Business
August 12, 2022
Flutter Entertainment Reports 9% Rise in H1 Revenue
After announcing a 6% revenue increase to £1.56 billion ($1.96 billion) during the first quarter of 2022 compared to Q1 2021, Flutter Entertainment has reported a revenue of £3.38 billion ($4.12 billion) for the six months that ended on June 30. The figure that was published in the 2022 Interim Results for the first half […]
Business
August 12, 2022
NeoGames Posts Strong Q2 2022 Results
NeoGames, a Nasdaq-listed iGaming tech provider, posted its results for the second quarter of the year. The results demonstrate that the company’s business is going steadily. A Look into NeoGames’ Financial Results NeoGames shared that revenues for the period sit at $21.1 million. This is a significant 46.4% increase on last year’s results. In addition, […]
Business
August 10, 2022
Catena to Scale down EU Assets and Focus on NA
Catena Media, a publicly-listed company, will evaluate its European business. This review aims to pinpoint the company’s weaker casino and betting segments. The company plans to take a closer look into all of its gambling segments and decide which ones to scale down and by how much. Catena Will Review Its EU Businesses Catena Media […]
Business
August 9, 2022
AGS Posts Strong Q2 2022 Results
American Gaming Systems (AGS) has reported that recent investments in key teams have greatly contributed to the company’s rising revenues. The company closed the second quarter of 2022 with 14.6% higher revenues. A Positive Net Income for the First Time in 10 Quarters The gaming experiences provider earned $76.6 million for the period. This number […]
Business
July 21, 2022
Kindred Is Exploring a Potential Sale
In June, Kindred Group announced it has obtained a gaming license for the Netherlands Towards the end of the same month, the group inked a deal with AFC Ajax via its Unibet brand. Now, the group is allegedly considering a few valid sale options. Giants 888 and Entain count among the names that could ink […]
Business
July 7, 2022
Broadway Acquires 888’s Dragonfish Bingo Arm
UK-based gambling operator Broadway Gaming finalized the purchase of betting company 888 Holdings’ bingo division. The $45.25 million deal covers 888’s entire B2B and B2C bingo business and includes a twelve-month transitional period where 888 will provide transitional assistance for a pre-agreed fee. 888 Moves Away from Bingo to Focus on iGaming and Betting 888’s […]
Business
July 1, 2022
NorthStar and Baden to Proceed with Reverse Takeover
NorthStar Gaming, a Canadian casino and sports betting operator, has proceeded with its reverse takeover of Baden Resources, a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. NorthStar Gaming to Be Acquired by Baden Resources The operator announced its intention of undergoing a reverse takeover […]
