Business
April 7, 2023
Cathie Wood’s ARK Trims DraftKings Position after Selling Over 294,000 Shares
The issuer of actively managed exchange-traded funds (ETFs) has announced it sold 294,143 shares of the operator in the context of the stock collapsing. This way, Cathie Wood’s ARK Investment Management took part in a wider market sell-off stimulated by the disappointing forecast for jobs in the private sector in the previous month. Label Label […]
Business
April 6, 2023
NSoft’s Team-Up with Maxbet Demonstrates the Benefits of an Interconnected Industry
NSoft’s reputation as a leading software provider brings seemingly unending new opportunities, as evidenced by the developer’s recent foray into the Balkans. Its deal with a high-profile regional operator like Maxbet will solidify its regional presence and hopefully bolster both parties’ market positions. The two companies already share mutual partners, making future integration significantly smoother. […]
Business
April 6, 2023
IGT Expands Betting Platform Reach with Santa Ana Star Casino
The leading gaming company delivering entertaining and responsible gaming experiences for players within different channels, International Game Technology (IGT), strengthened its US presence via a new partnership announced Wednesday. The company revealed it signed a multi-year deal with the Pueblo of Santa Ana tribe, expanding further its footprint in New Mexico. Under the terms of […]
Business
April 5, 2023
Entain Pens Major Deal, Acquires 365scores
Global sports betting, gaming and interactive entertainment group Entain has unveiled a new major acquisition. The company said that it has acquired all of the shares of 365scores, a global sports media company. In the announcement, Entain said that the acquisition has cost it $150 million. In addition, Entain may have to pay up to […]
Business
April 5, 2023
Altenar Sings Sportsbook Partnership with Playbonds for LatAm
The leading iGaming software and sportsbook provider, Altenar, expanded its global footprint after announcing a new strategic partnership in Latin America. The company announced Wednesday that it joined forces with Playbonds, a leading online gambling operator within the LatAm region. Under the terms of the new comprehensive partnership, Altenar agreed to supply its world-class sportsbook […]
Business
April 5, 2023
White Hat Expands RSI Deal to Pennsylvania and New Jersey
White Hat Studios continues to expand the reach of its impressive content to new jurisdictions. On Wednesday, the company revealed that it boosted its partnership with the leading US iGaming operator, Rush Street Interactive (RSI). As a result, White Hat Studios delivered its content for RSI’s brands in two strategic US markets, Pennsylvania and New […]
Business
April 4, 2023
Parsec Capital Acquires Majority Interest in Enteractive Media, Plans Nasdaq Listing
Parsec Capital Acquisitions, a special purpose acquisition company, has acquired a majority interest in Enteractive Media, a gaming affiliate company. Parsec Capital said that it plans to acquire the remaining Enteractive shares in the future, turning the company into a wholly-owned subsidiary. The current deal follows a previous merger announcement and overrides the actual merger […]
Business
April 4, 2023
Colorado Betting Handle Dips in February but GGR Increases
A new report released by the Colorado Department of Revenue sheds light on the performance of licensed sports betting operators during February. Overall, the betting handle reported by operators this February hit $425.1 million. This result, when compared to the result from the corresponding period in 2022 marked a decrease, considering that back then, the […]
Business
April 4, 2023
Kambi Extends Corredor Empresarial Partnership in Colombia
As a result, Kambi Group plc will continue to provide Corredor Empresarial S.A. with an advanced platform to power the latter’s betting and gaming operations. The two companies originally signed an agreement back in 2017 and have been maintaining a strong and successful relationship. Kambi and BetPlay Continue to Build Strong Partnership in LatAm Corredor […]
Business
April 4, 2023
UFC and WWE Merge in Historic $21B Deal to Create New Publicly Listed Company
Endeavor and World Wrestling Entertainment (WWE) have agreed to merge into a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE. Endeavor to Hold Majority Stake in New Company with WWE Merger Endeavor will hold a 51% controlling interest in the new company, and existing WWE shareholders […]
