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Gambling News - 'Finance'
Business
June 5, 2024
FanDuel Maintains Leadership Position, Suggests JMP Securities
Within the flourishing legal betting market in the United States, there are two major operators constantly competing for dominance, FanDuel and DraftKings. The two hold an estimated 80% of the legal betting sector in the country, reaffirming their unquestionable leadership position. Now, according to a new report, while competition between the duo continues, FanDuel is […]

Business
June 5, 2024
Gaming Innovation Group Confirms Completion of SEK 100M Share Issue
The leading iGaming technology company, delivering services, solutions and products for gambling operators across the globe, Gaming Innovation Group (GiG), announced it has raised approximately SEK 100 million ($9.6 million) after issuing more than 3.2 million shares to existing shareholders and new investors. Details regarding the strategic move emerged Tuesday with GiG confirming that its […]

Business
June 4, 2024
Bragg Gaming Appoints Robbie Bressler as Interim Chief Financial Officer
Bragg Gaming Group, a leading global iGaming technology and content provider, announced today the appointment of Robbie Bressler as interim chief financial officer, effective 1 July 2024. Bressler’s industry expertise will be invaluable for helping the company capitalize on emerging growth opportunities and achieve sustained profitability despite rising macroeconomic challenges. The New Interim CFO Has […]

Business
June 4, 2024
AGA CEO Expects Asian Market Growth Due to High Interest in Life Experiences
Bill Miller, the president and chief executive officer of the premier national trade group for the US casino industry, the American Gaming Association, has expressed his views on the future of gaming jurisdictions in Asia. Miller said he expects these jurisdictions to hold on to their strong growth momentum in the years to come, stimulated […]

Business
June 3, 2024
PENN Entertainment Shares Soar amid Activist Investor Criticism
After an activist investor in PENN Entertainment sent a letter to the company’s board of directors, the leading gaming and entertainment operator’s shares marked an uptick. In the letter, a six-page long document, PENN’s shareholder, Donerail Group, encouraged the company to consider divesting assets in order to create value that is certain and meaningful for […]
Business
June 3, 2024
Carl Icahn Reportedly Holds Significant Stake in Caesars
The recognizable billionaire and businessman, Carl Icahn, holds a significant stake in Caesars Entertainment, the leading gaming, hospitality and entertainment operator, Bloomberg News announced recently. The publication cited sources close to the matter. After the release of the recent report, Caesars shares marked an uptick. During last week, the company’s stock hovered around $32 per […]
Business
May 29, 2024
Analyst Keeps Positive Outlook on FanDuel Parent Company Flutter
A wide range of factors can impact the performance of gaming and betting operators, especially across the United States. While increased promotional spending may boost the operators’ expenses, much-anticipated sports events can increase revenue and enable betting operators to engage with new customers. Earlier this month, Flutter Entertainment, the leading betting and iGaming operator with […]
Business
May 24, 2024
Fitch Predicts Growth for Ras Al Khaimah with Wynn’s UAE Resort
Earlier this month, Wynn Resorts, the leading casino and hospitality operator, released new concept art of its much-anticipated luxury resorts in Ras Al Khaimah, United Arab Emirates (UAE), Wynn Al Marjan Island. The massive project is the result of collaboration between the company and local partners, RAK Hospitality Holding and Al Marjan Island. The upcoming […]
Business
May 23, 2024
Public Utilities Benefit as Loterie Romande Hits Record Profit in 2023
Loterie Romande, the Swiss public lottery, which has been operating since 1937, released its latest report, disclosing insights about its performance throughout 2023. Last year marked a busy period for the lottery, which reported gross gaming revenue of CHF 420.7 million ($460.3 million). The revenue, compared year-over-year represented a slight decrease, considering the CHF 435.5 […]
Business
May 23, 2024
Atlantic City Casinos Experience 10% Profit Drop In Q1 2024
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), announced the release of a new report, highlighting the performance of casino operators in Atlantic City. Besides revenue and operating profit, the recently released report uncovered details about the hotel occupancy for the quarter ended March 31, 2024. The total net revenue reported […]