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Business
August 23, 2024
Goldman Sachs Divests Major Stake in Kindred Group
The globally recognizable gaming group, Kindred Group, confirmed details regarding a major shareholding move. On Thursday, the company revealed it was notified that one of its shareholders, The Goldman Sachs Group, divested a large portion of its stake. This isn’t the sole shareholding move confirmed by Kindred recently. Earlier this year, the company revealed major […]
Business
August 22, 2024
Better Collective Announces $31M Price Drop for Playmaker HQ
Last July, the leading digital sports media group with top sports media brands and esports coverage Better Collective announced it finished the acquisition of South Florida-based sports and entertainment media platform Playmaker HQ as a means of boosting its social media and sports content. Now, the Denmark-based company founded in 2004 has issued its second […]
Business
August 22, 2024
Analyst Sees Potential for Penn’s Interactive Segment Growth
Earlier this month, Penn Entertainment, the leading land-based and online sports betting operator, released its second quarter results. At the time, the company pointed to strong revenue of $1.66 billion for the three months ended June 30, 2024. The result marked a slight dip compared to the $1.67 billion figure posted for the corresponding period […]
Legal
August 21, 2024
Caesars Activist Investor to Pay $2M to Settle SEC Charges
According to US regulators, billionaire investor Carl Icahn and his company Icahn Enterprises LP (IEP) have agreed to pay $2 million in penalties after settling with the US Securities and Exchange Commission over the alleged failure to disclose pledging most of IEP’s securities in personal margin loans. The activist investor will pay $1.5 million in […]
Business
August 20, 2024
Analyst Cautious on Decelerating Trends for Remainder of 2024
An expert analyst disclosed details regarding the current state of gaming and betting markets in the US and Macau, highlighting a decrease in customer spending is expected throughout the second half of the year. The expert analysis came from J.P. Morgan analyst, Joseph Greff, who was recently quoted by CDC Gaming and commented on important […]
Sports
August 19, 2024
US Sports Betting Operators Enjoy Stable Growth in July
A DraftKings Inc. attempt to introduce a winning bet surcharge in its high-tax states backfired, with a public outcry forcing the company to walk back the controversial move. The announcement came after its main rival, Flutter Entertainment, owner of FanDuel, publicly announced that it would not implement a similar surcharge. Deciding to backtrack may have […]
Sports
August 16, 2024
Study Uncovers Trend of US Bettors Prioritizing Wagering over Stocks
Since 2018, when the expansion of sports betting across the United States started, millions of Americans gained access to legal forms of the activity. This paved the way for sponsorships between sportsbooks and sports teams, and ways for states to generate revenue for educational programs. At the same time, while betting was often available through […]
Business
August 15, 2024
Evoke Eyes Sustainable Growth Despite H1 Dip in Revenue
The leading betting and gaming company that owns and operates recognizable brands, including 888, William Hill and Mr Green, among others, evoke Plc, released a new trading update. On Thursday, the company disclosed its interim results for the first half of the year. The latest results covered the six months through the end of June […]
Casino
August 15, 2024
Catena Hit by Google Updates in Q2 Results
Catena Media reported a 14% year-over-year drop in revenue during the second quarter earnings call, posting €12.8m in revenue. The company has been undergoing a rapid adaptation period, faced with numerous technical challenges traced back to Google’s changing algorithms that have hit some of the best-established affiliate companies in the sector. Catena Grapples with Past […]
Business
August 14, 2024
International Travel to Las Vegas Is Skyrocketing, Says LVCVA
According to Joel Van Over, the senior director of Atlanta-based international aviation development company Ailevon, new flights from a number of international air carriers are on the verge of reaching a record number of flights from foreign countries. Air Travel to Las Vegas to Fully Recover by Q4 Over, who is also the Las Vegas […]
