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Business
February 14, 2024
GiG Publishes All-Time High Q4 Results
Gaming Innovation Group (GiG) has published its Q4 2023 financials, reporting increases across the board. The company’s metrics for the period were very strong, underpinned by the company’s robust business strategy. GiG’s Q4 2024 revenues stood at EUR 35.6 million (38.2 million). This is notably the highest quarterly revenue ever recorded by the group and […]
Business
February 14, 2024
Entain Shares Drop 4% After MGM Excludes Takeover Bid
Recently, MGM Resorts’ chief executive officer, Bill Hornbuckle, was asked about any change of heart following the company’s latest public statement on the acquisition bid topic. His answer led to a 4% drop in Entain’s shares. Last fall, it was speculated that MGM Resorts would possibly make a new acquisition bid for global gaming giant […]
Business
February 14, 2024
MGM Resorts Posts Exceptional Q4 and 2023 Results
The leading US and international gambling, entertainment and hospitality company, MGM Resorts International, released its latest unaudited financial report Tuesday. The company disclosed details regarding its performance for the fourth quarter of 2023 as well as the full year, highlighting strong growth in revenue pushed by exceptional results from MGM China. For 2023, MGM Resorts […]
Casino
February 14, 2024
Casinos in Detroit Post Disappointing Results for January
The results posted by Detroit’s three casinos in January marked one of the worst figures for the last decade, with the exception of the period during the pandemic. Data released by the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), reveals that the total casino gaming revenue reported by the city’s three casinos […]
Business
February 14, 2024
Catena Media Updates Financial Goals as CEO Daly Targets AI Supremacy
Catena Media CEO Michael Daly has commented on the company’s AI capabilities in the wake of the company’s Q4 report. While he dubbed the financial results “disappointing,” Daly believes that the affiliate has an edge over its rivals when it comes to artificial intelligence. The firm has long been investing in AI solutions, seeking to […]
Industry
February 14, 2024
Former BaltCap Partner Arrested for €27M Misappropriation
Earlier this month, the European Public Prosecutor’s Office (EPPO), the independent public prosecution office of the European Union, requested the arrest of Sarunas Stepukonis, a former BaltCap Infrastructure Fund partner, over suspicion of misappropriation of €27 million ($28.9 million) from the fund. The aforementioned request for the arrest of the former BaltCap partner was confirmed […]
Business
February 13, 2024
Catena Posts Weak Q4 Results, Reports Decrease in Revenue for 2023
Catena Media released its latest financial report, uncovering details regarding its performance for the fourth quarter and full year 2023. Released Tuesday, the new report acknowledged “weak” quarter results amid an ongoing investment that seeks to propel future growth and profitability. Details disclosed by Catena reveal that its Q4 2024 revenue from continuing operations took […]
Business
February 13, 2024
Dmitry Belianin Starts Angel Investment Company
The experienced marketing strategist and leader within the betting vertical with nearly two decades of experience in the sector, Dmitry Belianin, announced the foundation of an angel investment company. News regarding the former PMI executive emerged Monday via his personal LinkedIn page. Belianin confirmed that his angel investment company is named after him, Belianin, and […]
Industry
February 12, 2024
New York Posts Record-Breaking Online Sports Betting Revenues in January
New York continues to break its online sports betting revenue records month after month, once again publishing unprecedented results in January. According to official data, licensed sportsbooks recorded a total sports betting GGR of $211.5 million. This figure smashes December’s previous record, attesting to the fact that the New York betting sector is yet to […]
Business
February 12, 2024
DraftKings’ Executives Sell Nearly $80M Worth of Shares
A handful of high-level executives with DraftKings, the leading American gaming and entertainment company, have sold nearly $80 million worth of company shares over the last three weeks. Details regarding Form 144 filings disclosed by the company reveal that the dumping of shares began on January 22, 2024, while the latest Form 144 reports were […]
