Business
November 24, 2021
Evolution Initiates Internal Review over Illegal Gambling Allegations
An internal review has been initiated at Evolution AB due to the recent allegations that it operates illegally in countries on the US sanctions list, the company announced in a statement Wednesday. The Costly Report Earlier this month, a report in Bloomberg stated that private investigators hired by an unnamed competitor found out Evolution was […]
Business
November 24, 2021
FansUnite Spearheads Into the US Market With American Affiliate Acquisition
Canadian betting-oriented sports and entertainment company FansUnite will spearhead into the US market through the strategic acquisition deal of the sports betting tech provider American Affiliate. The deal will see FansUnite pay American Affiliate about $58.2 million. Out of that total sum, $13.5 million will be paid in cash, $41.7 million in FansUnite shares and […]
Business
November 23, 2021
Genius Sports’ Q3 Revenue Growth Offset by Sky-High Expenses
Official supplier of sports betting data and content Genius Sports released today its third-quarter financial results posting an operating loss for the three months ended September 30, 2021 of $64.8 million as expenses soar across the board. Unprecedented Growth Level The operating loss was registered on the back of an over 70% increase in revenue […]
Business
November 23, 2021
Casino Austria Appoints Erwin van Lambaart as General Director
Casino Austria, a gaming corporation operating casinos globally, announced its executive search is over after the appointment of Holland Casino CEO Erwin van Lambaart as its new General Director. Executive Search is Over New Casino Austria addition van Lambaart will join the company’s Board of Directors on March 14 next year, and on April 1, […]
Business
November 23, 2021
Atlantic City Casinos Post Gross Profit of $310 Million in Q3
The third quarter for the nine casinos in Atlantic City was nothing short of amazing, as the state figures, which were released on Monday, showed that their gross operating profit was more than double than the same period in 2020. As the New Jersey Division of Gaming Enforcement posted, the total profit for July, August […]
Business
November 23, 2021
Paddy Power Backs Out of Televised Soccer Deal in Ireland
RTÉ, Ireland’s national TV and radio broadcaster, is the first to be affected by new advertising rules being implemented in conjunction with changes in gambling regulations in Ireland. Paddy Power has ceased its sponsorship of live televised soccer on RTÉ. Paddy Power Cuts Off Ad Deal This weekend, the Flutter Entertainment-owned betting firm confirmed that […]
Business
November 23, 2021
Two Gambling Industry Fixtures in Spain Create New Powerhouse
R. Franco and Grupo Orenes have joined forces to transform Spanish gambling. The merger will result in the creation of a single biggest manufacturer and distributor for gambling machines in Spain. The partnership will also see changes to the companies’ online gaming operations. R. Franco, Grupo Orenes Join Forces Dealmakers said that the merger […]
Business
November 23, 2021
Wynn Resorts Chair Gives Update on Sudden Departure of CEO
Wynn Resorts’ chairman of the board of directors spoke out on Monday about CEO Matt Maddox’s departure from the company and suggested that he might seek a non-gaming role following his departure. Chairman Phil Satre made a Friday statement stating that Maddox chose to leave the casino operator on his own, although the board of […]
Business
November 22, 2021
Bragg’s Oryx Gaming Granted UK Supplier License
Bragg Gaming Group announced today Oryx Gaming, a company under the group’s umbrella, received a supplier license in the UK to allow the group to expand its global footprint. Unmatched Size and Maturity The supplier license awarded to Oryx Gaming by the UK Gambling Commission (UKGC) was hailed as a significant milestone for the listed […]
Business
November 22, 2021
Two MGM Resorts Casinos in Mississippi Apply for Mobile Wagering Licenses
Two MGM Resorts casinos have expressed interest in on-site mobile betting, as the Mississippi Gaming Commission (MGC) confirms. While speaking to Gambling.com, the MGC executive director, Jay McDaniel, stated that no other casinos have approached him about offering mobile sports betting services on-site. The new sports betting bill could be introduced by the start of […]