Business News and Headlines
Business
September 10, 2021
MGM Has Ambitions to Be a Global Online Gaming Powerhouse
Digital is the future. Online education, remote offices, online movie and video game streaming, ordering Pizza with Alexa are just some of the options that are becoming more prominent. While it doesn’t yet command as much attention as its land-based cousin, online casinos are gaining more traction and the iGaming segment continues to become stronger. […]
Business
September 9, 2021
Sazka Group Posts Impressive Growth, GGR near 2019 Levels
European lottery operator Sazka Group released its 2021 interim report today, posting strong second quarter and first half of the year growth in gross gaming revenue (GGR). Overview of Financials Sazka Group revealed it generated €740.1 million ($873.3 million) in second-quarter consolidated GGR, up 200% on the respective quarter in the prior year. Consolidated GGR […]
Business
September 9, 2021
MGM and Dubai World’s 14-Year CityCenter Relationship Comes to an End
The partnership between MGM Resorts International and Dubai World concerning the development of Las Vegas’ very own CityCenter is ending on good terms. On Wednesday, the Nevada Gaming Control Board (NGCB) recommended that the Nevada Gaming Commission should approve the purchase of Dubai World by MGM. Dubai World is a Dubai government investment arm. MGM […]
Business
September 9, 2021
VSiN to Offer Sports Betting Coverage to YouTube TV Subscribers
DraftKings subsidiary VSiN is making another foray in the world of sports betting, with the company announcing a content distribution deal with Google-owned streaming giant YouTube TV. The partnership will bring VSiN’s extensive coverage of real-time sports betting news, analysis, and entertainment programming to YouTube TV’s Sports Plus add-on package available for $10.99/month. More Sports Betting Coverage Coming […]
Business
September 9, 2021
Betfred USA Expands on Paysafe Partnership with Income Access
Betfred USA Sports has expanded its existing partnership with Paysafe, a reputed payments processor company. Under the extended partnership, Betfred will be able to rely on Income Access, Paysafe’s dedicated marketing tool, which will back up the company’s efforts in establishing a cross-state affiliate program. Income Access is also a recipient of the EGR B2B Award for Affiliate […]
Business
September 9, 2021
Tipico Chooses Denver, Colorado for 441-job Technology Hub
Sports betting operator Tipico will establish a 441-job technology hub in Denver, Colorado, the Colorado Office of Economic Development and International Trade (OEDIT) revealed on Wednesday. The average wage will reach $96,315, or 128% above the average annual wage in Denver, with specialists in technology roles in greatest demand. Cloud infrastructure, native and mobile app development, data […]
Business
September 8, 2021
IGT Creates New Digital & Betting Segment Led by Enrico Drago
Global supplier of gaming solutions International Game Technology (IGT) announced today it created a new business segment, comprising of its online casino and sports betting businesses. Change in Structure The newly-established dedicated Digital & Betting division will become IGT’s third business segment, alongside Global Lottery and Global Gaming, to report financial results beginning with the […]
Business
September 8, 2021
Genius Sports Posted Q2 Growth, Raised Full-Year Projections
Genius Sports, the supplier of official sports data and data-driven content for sports betting operators, released its second quarter financial performance results today, posting significant revenue growth year-over-year. Genius Group Revenue Increases Genius Sports revealed group revenue in the quarter more than doubled compared to Q2 2020, reaching $55.8 million. This was mainly driven by […]
Business
September 8, 2021
Caesars, Baltimore Ravens and Horseshoe Casino Team up for More Betting Options
The sports betting sector is abuzz with partnerships and opportunities. The Baltimore Ravens have become the latest partner to a sports betting operator in the US, with Caesars Sportsbook signing a multi-faceted partnership with the NFL franchise. Building on Successful Partnerships Previously, the team signed another deal with BetMGM. The latest alliance builds on the […]
Business
September 8, 2021
Lawrence Levy Resigns as Ainsworth’s CEO, Harald Neumann Steps In
Ainsworth Game Technology Ltd, the slot machine manufacturer based in Australia, has just announced that Lawrence Levy, its chief executive, will step down from his role. The decision is effective on Friday, September 10, and Harald Neumann will take over in October. Levy has served as the CEO of Ainsworth since July 2019. Harald Neumann […]