Business News and Headlines
Business
February 28, 2022
Quarter4 and Parleh Media Group Sign One-Year Agreement
Canadian-based sports analytics provider Quarter4 and digital media company Parleh Media Group have agreed to a one-year partnership. A Deal That Could Drive Progress in North America Self-proclaimed as the most advanced predictive sports analytics supplier for betting sites, Quarter4 is a Guelph, Ontario-headquartered, privately-held company founded in 2019. Parleh Media Group is a content […]
Business
February 28, 2022
Flutter Entertainment to Build for Sustainable Future Ahead
Flutter Entertainment is outlining the goals the company wants to achieve over the next decade or so. The company has set firm objectives for the year 2030 with one of its most important pivots towards energy sustainability. This is part of a three-pronged strategy for the future aptly dubbed “Positive Impact Plan.” Building Communities, Focusing […]
Business
February 25, 2022
Churchill Downs to Begin Scaling Down Online Business Amid Low Profits
The horseracing brand Churchill Downs will shut down its online sports betting and iGaming business after it failed to produce favorable results. According to the company, its offerings will gradually be scaled down over the next six months. Churchill Downs Gives Up on Online Betting The decision comes in the wake of Churchill Downs’ Q4 […]
Business
February 25, 2022
IGT and Rhode Island Lottery Sign 20-Year Contract Extension
Supplier of lottery and gambling technology International Game Technology (IGT) announced today a new contract extension with the Rhode Island Lottery that would keep IGT as the exclusive supplier of products to the Lottery. Long-Term Partnership to Continue The new comprehensive 20-year contract extension between IGT’s subsidiary IGT Global Solutions Corporation and the Rhode Island […]
Business
February 25, 2022
NESN Reportedly Has Plans to Drop Sports Content for Sports Betting Content
Sports betting still isn’t legal in Massachusetts, despite multiple attempts. Some lawmakers and lobbyists have tried for years to find approval; however, resistance has been overwhelming. This isn’t going to stop a regional TV sports network based in the state from dropping a couple of its popular sports shows in favor of sports betting content. […]
Business
February 25, 2022
PointsBet Issues Financial Health Report, Shows Revenue Improvement
Australia-based sports betting operator wants to have a place on the global stage, and its entrance into the US market is going to help. The company has provided an update to its financial health, reporting its revenue for the first half of its current fiscal year. Despite a few bumps, it’s on track, but will […]
Business
February 24, 2022
CDI Posted Strong Fourth Quarter and Full Year 2021 Growth
Churchill Downs Incorporated (CDI) announced its fourth-quarter and full-year ended December 31, 2021, financial results posting solid growth year-over-year. Key Financial Metrics Casino and horse racing operator CDI posted Q4 2021 net income of $43.3 million, up 153% on $17.1 million registered in Q4 2020. The net income figure was derived from fourth-quarter revenue of […]
Business
February 24, 2022
Hard Rock Online Casino New Jersey App Adds Paysafe Payments
Hard Rock Online Casino New Jersey became the latest mobile sports betting operation to hire the services of payments platform provider Paysafe after a partnership for card processing was announced today. Seamless Card Transactions The Hard Rock Online Casino New Jersey mobile app will benefit from the experience gained over more than 20 years of […]
Business
February 24, 2022
Delasport Obtains MGA License to Expand B2B Reach
Delasport, an iGaming company with over 25 years in the management and delivery of sports betting and gaming platforms, has expanded its international clout further through the acquisition of a Malta Gaming Authority (MGA) license. The new permit will allow the company to scale its business-to-business offering across Europe and jurisdictions that recognize the MGA […]
Business
February 24, 2022
Sporttrade Extends Its Footprint in North America with Two Strategic Deals
Sporttrade, the most dynamic platform for sports traders in the US and the pioneer regulated exchange for sports betting in the country, has signed two new strategic partnerships with Caesars Entertainment and Penn National Gaming. According to the new deals, two new states, Louisiana and Indiana, will join Sporttrade’s current list of US states where […]