Business
October 28, 2021
Kindred Enters Choppy Seas with Challenging Q4 Results
Swedish betting operator Kindred has had a year of ups and downs. Kindred experienced gradual growth, hitting a 6% year-to-year increase in its revenues for the third quarter of 2021. However, it is currently growing through a major drop. Kindred’s Marks a Difficult Start to Q4 The operator’s fourth-quarter saw its revenues plummet by 61% […]
Business
October 28, 2021
Star Entertainment Signs Leaseback Deal for Treasury Casino
Star Entertainment has entered a new sale-leaseback deal that mirrors one it recently launched for The Star Sydney. The latest involves the Treasury Casino and Treasury Hotel in Brisbane, which comes as the casino operator prepares to launch its new Queen’s Wharf property in a couple of years. Star Entertainment Reshaping Operations Star announced recently […]
Business
October 27, 2021
Bally’s Corporation Acquires UK Game Studio Degree 53
Omni-channel gaming and entertainment company Bally’s Corporation announced the acquisition of game innovation studio Degree 53 as the latest step to enhance its in-house technology. Enhance In-House Technology The acquisition of the based in Manchester, UK, Degree 53 will further enhance technical capabilities for NYSE-listed Bally’s Corporation as it continues to establish a leading position […]
Business
October 27, 2021
Interactive Gaming Group Appoints Alex Haywood CTO
Interactive Gaming Group, a media technology company operating out of Malta and Spain, announced today the appointment of Alex Haywood as its new chief technology officer. Focus on Video Streaming Former head of engineering at Evolution Gaming Alex Haywood is joining streaming-focused iGaming business Interactive Gaming Group (IGG) as CTO, to leverage two decades of […]
Business
October 27, 2021
Gateway Obtains $1.25B Refinancing Plan from Fortress Investment
Gateway Casinos and Entertainment Limited found a solution for its $1.25 billion in corporate debt by completing the process of refinancing. The operator of 23 Canadian casinos received a Senior Secured Term Loan B from Fortress Investment Group, a lead investing organization. The Funds Were Used to Refinance Gateway’s Debt The money that the company […]
Business
October 27, 2021
Boyd Gaming to Repurchase Stock as Revenue Hits New Record
Boyd Gaming is coming off a strong third quarter and hopes the upswing will continue well into the future. Bit hard by the COVID-19 pandemic, which caused the casino operator to lay off 25% of its workforce and issue $800 million in bonds, the company believes the worst is behind it. Following Q3’s record-setting performance, […]
Business
October 27, 2021
APBGG Increases Stakes in UKGC Incompetency Claims
A UK government committee is coming down hard on the UK Gambling Commission (UKGC), but wants to come down even harder. The All-Party Parliamentary Betting & Gaming Group (APBGG) has alleged that the gaming regulator isn’t pulling its own weight, going so far as hinting at its incompetence. Now, the committee is extending its investigation […]
Business
October 27, 2021
PlayUp Taps into Paysafe’s Income Access and Payment Solutions
Australian sports betting and iGaming operator PlayUp has teamed up with provider of payment solutions Paysafe to power up its offering in regulated gaming and sports betting markets. PlayUp, which has launched betting products in New Jersey and Colorado, will now benefit from Paysafe’s advanced payment offering. Empowering Players Through Payments Solutions Paysafe should reinforce […]
Business
October 26, 2021
PointsBet US Appointed Kyle Christensen as Chief Marketing Officer
Kyle Christensen, a former Facebook and Netflix executive, is set to help Australian sportsbook PointsBet increase its market share across US gaming jurisdictions as the firm’s US chief marketing officer. ‘Upping Our Game’ PointsBet announced the appointment of social media specialist Kyle Christensen as its US chief marketing officer today. He will support the sportsbook’s […]
Business
October 26, 2021
Live5 Gaming to Launch Slot Content in British Columbia
Premier digital game developer Live5 Gaming announced today it is set to expand its footprint in Canada after the Gaming Enforcement and Policy Branch (GEPB) in British Columbia authorized the firm to launch its content in the province. Entering Second Canadian Province The approval issued by British Columbia GEPB allows Live5 Gaming the right to […]