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Legal
May 31, 2023
Entain Publishes an Update on HMRC Investigation
Entain, a global gaming and betting giant, unveiled that it is in deferred prosecution agreement (DPA) negotiations with the Crown Prosecution Service (CPS). This company seeks to resolve the ongoing HM Revenue & Customs investigation (HMRC) hurdles related to a former Turkish subsidiary. Back in November 2019, an Entain subsidiary received a production order from […]
Industry
May 30, 2023
Sweden’s Gambling Sector Revenues Level Out as the Market Settles Down
The past few years have seen Sweden’s gambling industry undergo significant changes, motivated by the government’s commitment to enduring player protection and responsible gambling practices. Despite gambling revenue leveling out, operators in the country can still bring in substantial profits and contribute to a sustainable and socially responsible gambling landscape. The Industry Has Reached an […]
Business
May 30, 2023
GiG to Part Ways with Group CEO Richard Brown
Gaming Innovation Group (GiG), a leading iGaming platform and sportsbook provider, announced that Richard Brown will step down as group CEO on December 31 this year. In the meantime, the company will look for a GiG Platform CEO. Brown has served the company for 8 years, helping it grow its business and become a leading […]
Business
May 26, 2023
LeoVegas’ Business Declined in Q1 2023, the Management Remains Optimistic
MGM-owned operator LeoVegas has posted its Q1 results, reporting a difficult period for the company. The operators’ trading declined as the group recorded drops in several metrics. LeoVegas posted total quarterly revenue of $101 million (converted to USD), which represents a slight decline of 4% from last year’s results. The company EBITDA, meanwhile, sunk further […]
Business
May 24, 2023
Super Group Posts Stable Q1 2023 Results, Praises Growth Investment
Super Group has published its Q1 2023 results, providing insights into its performance during the first three months of the year. The gaming and betting group, which operates the famous Betway brand, saw its revenue remain stable while losses plummeted. Super Group reported revenue of $364.2 million (converted to USD, current rates). This represents a […]
Business
May 24, 2023
Rivalry Posts Q1 Results, Reports Record-Breaking Handle
Rivalry has published its quarterly report for Q1 2023, reporting an all-time-high betting handle. Other metrics also increased, attesting to the favorable position of the company. Rivalry posted a betting handle of a whopping CAD 120.2 million (USD 88.48). Not only is this a record-breaking number but also one that represents a stellar $199% year-on-year […]
Casino
May 24, 2023
JIVDC Adds a Luxurious Hotel to Jamul Casino
The Jamul Indian Village Development Corporation (JIVDC) is expanding its Jamul Casino with a new hotel. The hospitality facility is already under construction and should welcome its first guests very soon, the tribal company said. The boutique hotel will be 16 stories tall and will sport 200 rooms, including 52 luxurious suites. In addition to […]
Casino
May 19, 2023
Cohen Reluctant on Signing Parking Deal with NYCFC Because of Casino Ambitions
Steve Cohen, an American hedge fund manager and owner of the New York Mets MLB franchise, has refrained from signing a deal with New York City FC to share a certain 50-acre parking lot. The billionaire, who is planning to use the land for a future casino, has not agreed to a deal that would […]
Business
May 18, 2023
Aristocrat Capitalizes on Its Aggressive Expansion with Stellar H1 Financials
Global gaming solution provider Aristocrat Leisure has reported positive financial results for the first half (H1). The company’s focus on diversifying its portfolio through strategic acquisitions is already paying dividends, ensuring fiscal stability despite macroeconomic pressures. North American operations performed exceedingly well, justifying further investments in the region. Revenue Growth Retains Its Momentum Aristocrat’s H1 […]
Business
May 18, 2023
Gambling.com’s Q1 Revenue Hits Record with 36% Increase
The leading provider of digital marketing services for the global iGaming vertical, Gambling.com, released its latest trading update. On Thursday, the company released its unaudited first quarter results, outlining its performance for the three months ended March 31, 2023. Judging by the recent data, Gambling.com saw strong growth in revenue, hitting $26.7 million for Q1 […]
