Business
February 20, 2023
PartnerMatrix Names Vahe Khalatyan Chief Executive Officer
On Monday, the company revealed it selected Vahe Khalatyan as its new CEO. Khalatyan previously served as a chief technical officer with PartnerMatrix. Overall, he was a part of the company for nearly a decade and EveryMatrix identified him as “a key asset and leader.” Leveraging his strategic knowledge, Khalatyan will navigate PartnerMatrix on its […]
Business
February 20, 2023
Pennsylvania Gaming Revenue Soars by 18% To $464.5M in January
On Friday, the regulator unveiled data regarding the financial performance of licensed operators in the state, revealing that the combined total revenue from all forms of gambling, including fantasy contests, last month hit $464,488,191. When compared to the corresponding period in 2022 when the revenue halted at $393 million, this result marked a strong growth […]
Business
February 17, 2023
FBMDS Starts the Year with Strategic Collaboration with Entain
The fresh alliance forged in February between FBM Digital Systems (FBMDS), the company that wishes to become the primary supplier of customized technology for the iGaming industry, and Entain, one of the most successful gaming and sports betting groups on the planet, will expand on five continents. 70+ FBMDS Games to Reach Global Markets The […]
Business
February 17, 2023
LeoVegas Divests a Quarter of BeyondPlay to Bettor Capital for €1.9M
The group that is determined to become a premier global casino gaming company has sold a stake in its iGaming business-to-business venture to Bettor Capital. The latter is a venture firm that this way helped LeoVentures, LeoVegas’ investment arm, secure an impressive 73% return on investment in less than 24 months. A “Testament to LeoVenture’s […]
Business
February 17, 2023
Continent 8 Launches iGaming Community Cloud Offering in Ohio
The announcement about the latest achievement came Thursday and sees the company become the first provider of iGaming Public Cloud offering. This marks a major step for Continent 8, considering the strong potential of the regulated online and mobile sports betting market in Ohio. In fact, media reports confirmed that over the New Year’s weekend, […]
Business
February 17, 2023
DraftKings CEO Hails Strong 2022 and Predicts Stronger 2023
In a letter to DraftKings’ shareholders, the CEO and co-founder acknowledged that the company enjoyed a stellar 2022. He pointed out that for the fiscal year 2022, DraftKings’ revenue hit $2.2 billion. This result represented a significant 73% year-over-year increase. What’s more, the revenue result even surpassed the expectations of $1.85 billion to $2 billion […]
Business
February 17, 2023
BetMGM and Aristocrat’s Anaxi Join Forces in Strategic Partnership
On February 16, it was announced that sports betting behemoth BetMGM has formed a strategic partnership with Anaxi, the online Real Money Gaming business of Aristocrat. BetMGM and Anaxi Executives Thrilled about the New Partnership Cath Burns, Executive Vice President of Anaxi, expressed her excitement about the new collaboration: “We are thrilled to be collaborating […]
Business
February 17, 2023
Svenska Spel Appoints Anna-Clara Fredriksson as Head of HR
Swedish gaming company Svenska Spel has appointed Anna-Clara Fredriksson as its Chief Human Resources Officer (CHRO). In her new role, Anna-Clara will be reporting directly to the CEO and will be part of Svenska Spel’s Group Management. Svenska Spel CEO Highlighted Fredriksson’s Vast Experience in the HR Field Patrik Hofbauer, the President, and CEO of […]
Business
February 17, 2023
SKS365 Elevates Betting Experience with New Sportradar Partnership
SKS365 and Sportradar have recently forged a long-term agreement to enhance the betting experience on Planetwin365 by offering a complete entertainment package. This new service will be available to registered users online and on mobile devices and also across the company’s retail network, which is part of the group’s omnichannel approach. The New Sportradar Partnership […]
Business
February 16, 2023
MGM Resorts International Sells Gold Strike Tunica to CNE Gaming for $450M
The NYSE-listed Standard and Poor’s 500 international entertainment company has inked the transaction for $450 million in cash received from the Cherokee Nation Businesses’ subsidiary. The company with an impressive portfolio consisting of 31 global hotel and gaming destinations used Weil, Gotshal & Manges LLP as a legal counsel to complete the sale. MGM Resorts, Ready […]
