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Business
November 12, 2024
Aristocrat Agrees to Sell Plarium to Modern Times Group
Globally recognizable gaming and entertainment company Aristocrat Leisure Limited announced its plans to divest a strategic asset. Plarium’s Divestment to Fuel Aristocrat’s Long-Term Growth Strategy Today, the company confirmed it has entered into a binding agreement for the sale of Plarium Global Limited, a leading mobile games developer by its subsidiary, Pixel United Holdings Limited, […]
Business
November 12, 2024
Endeavor Confirms Buyout of OpenBet and IMG Arena by OB Global Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced Monday it reached an agreement to sell OpenBet and IMG Arena to OB Global Holdings LLC. Details regarding the strategic business transaction emerged on Monday. The Management Buyout Is Backed by Key Execs The transaction has a price tag of $450 million. Endeavor confirmed that […]
Business
November 11, 2024
DraftKings CEO Emphasizes Strong Growth Potential in Online Sports Betting
DraftKings CEO Jason Robins shared a positive outlook on the future of online sports betting pointing out big chances to grow and expand even with recent money changes. In a talk with Jim Cramer, who hosts CNBC’s Mad Money, Robins spoke about how the company did in Q3 2024 and gave his thoughts on the […]
Business
November 8, 2024
Evoke Shifts Focus to Europe with 2025 iCasino Shutdown in Michigan
Releasing its Q3 financial results recently, Evoke hinted at its plans to abandon the market in the United States and focus on European markets where it already enjoys exceptional growth. Part of that plan affects the company’s operations in Michigan via Sports Illustrated Casino and Sportsbook. The Company Offloads US B2C Assets Under Evoke’s plan, […]
Industry
November 7, 2024
GamCare Shifts Its Focus to the Banking Sector
In a strategic shift, the UK gambling charity GamCare has announced that it will no longer provide its Safer Gambling Standard services for gambling operators past 2024, redirecting the focus to supporting financial institutions in tackling gambling-related harm. This decision aligns with GamCare’s pledge to focus on providing direct support and broader, cross-sector projects. This […]
Business
November 7, 2024
Catena Media Considers Additional Cost-Cutting amid Rough Q3 Financials
Catena Media is eyeing new cost-cutting measures after challenging third-quarter results in 2024. The Malta-based company, specializing in digital marketing for the online gambling sector, saw its quarterly revenues dip by one-third, from EUR 15.9 million ($17.2 million) to EUR 10.7 million ($11.58 million) year-on-year. These results mark a trend of revenue decline that CEO […]
Business
November 7, 2024
Super Group Q3 Report Shows Africa Focus Is Paying Off
Super Group, Betway’s parent company, has published its financial report for the third quarter of the year, reporting a record-breaking revenue figure. The company attributed its amazing financials to its growth in key markets such as Africa, Europe and Canada. Super Group’s Strongest Q3 Yet Super Group, which operates Betway and Spin, reported revenue of […]
Casino
November 7, 2024
Bally’s Q3 2024 Shows Slight Revenue Drop, Yet Strong Market Position Remains
Bally’s Corporation has shared its financial results for the third quarter of 2024 showing a small drop in revenue but keeping its market strength amid ongoing growth and hurdles. Bally’s Reports $630M Q3 Revenue, Highlights Growth Amid Mixed Regional Results The casino and entertainment company reported total revenue of $630 million for the three months […]
Business
November 6, 2024
Livesport’s Flashscore Network Acquires BeSoccer’s Asset Portfolio
Livesport‘s flagship product, the Flashscore network, has successfully completed the acquisition of BeSoccer, a Spanish platform specializing in live scores, statistics, and news dedicated to soccer fans. The Largest Acquisition in Livesport’s History The strategic move with undisclosed terms underlines the brand’s commitment to expanding its presence in the sports tech industry, bringing an additional […]
Business
November 6, 2024
Kambi Maintains Growth Trajectory with Solid Q3 Results
The trusted provider of sports betting services and solutions, Kambi, released its latest financial update, pointing to strong results for the third quarter of 2024. Share Repurchase Program Announced with Q3 Financials On Wednesday, the company confirmed that its Q3 revenue hit €43.0 million ($46.3 million), a figure that pointed to a single-digit increase when […]
