Business
February 9, 2023
Catena Media Confirms CFO Peter Messner Plans to Step Down
Details about the latest announcement emerged Wednesday and according to Catena Media, Messner is expected to leave from his current position within the next six months. In the meantime, the company confirmed it has already started the process of recruiting a new chief financial officer. Michael Daly, Catena’s CEO, explained that amid the growing presence […]
Business
February 9, 2023
MGM Q4 2022 Results Reveal Record Quarter for Las Vegas Properties
MGM Resorts International saw a significant boost in its earnings for the year 2022 with a revenue of $13.1 billion, a surge of 36% from the previous year’s $9.7 billion. This figure encompasses the financial results of several properties, including the newly acquired Cosmopolitan in Las Vegas, and the full-year operations of Aria and Vdara. […]
Business
February 9, 2023
Wynn Resorts Posts Strong Performance and Results for Q4 22
On Wednesday, the company posted its preliminary 2022 results, showing that its operating revenues for the year ended December 31, 2022, hit $3.76 billion, marking a flat result when compared to the corresponding period a year ago. Adjusted property EBITDAR for 2022 hit $725.4 million, marking an increase when compared to the $596.4 million result […]
Business
February 9, 2023
Gannett Announced Strategic Partnership with Gambling.com Group
USA TODAY is one of Gannett’s brands and its audience numbers more than 47 million sports fans who are going to be served in-depth reviews, expert insights, and breaking news under the partnership with Gambling.com Group. There’s obvious room for synergies between what Gambling.com can offer and what Gannett’s audience needs – analysis and betting […]
Business
February 8, 2023
Red Rock Resorts Post Favorable FY 2022 Results, Vows to Remain Disciplined
Red Rock Resorts just published its financial results for Q4 2022, demonstrating mixed results. Despite the headwinds in Q4, the company’s annual results were positive, inspiring confidence in the business. As reported by the operator, it recorded net revenue of $425.5 million in Q4, which represents a slight 0.7% year-on-year increase. Net income, however, declined […]
Business
February 8, 2023
Kindred Posts Underwhelming Unaudited Q4 Results
The company released its unaudited results for Q4 and 2022 Wednesday, confirming it has taken immediate actions to improve profitability. The results are a preliminary estimate of the Group’s performance over the past 12 months, including Q4 results. Judging by those results, Kindred expects to see business-to-business (B2B) and business-to-customer (B2C) total revenue for 2022 […]
Business
February 7, 2023
Digitain Names Iain Hutchison Chief Revenue Officer
Announced Tuesday, the new collaboration will see Hutchison spearhead the company’s revenue growth strategy. Having an industry expert as a chief revenue officer, Digitain is planning to further expand its global presence and footprint within the fast-growing iGaming sector. Hutchison brings more than two decades of experience after being part of leading digital marketing, sports-betting […]
Business
February 7, 2023
Infront Bettor and bet365 Team Up for Low Latency Streams
Infront’s betting-oriented division, Infront Bettor, announced a new global partnership with bet365, one of the biggest sports betting companies in the world. As agreed, bet365 will distribute Infront Bettor content for the next few years. The multi-year agreement will see the operator distribute a total of 18,000 hours of content from more than 30 rights […]
Business
February 7, 2023
Light & Wonder and AvatarUX Announce Distribution Deal Extension
The collaboration between the duo dates back to last year. Back then, the two companies joined forces to develop eight games. However, considering the extended deal between AvatarUX and Light & Wonder, the collaboration is expected to deliver games such as MonkeyPop and CherryPop to Light & Wonder’s leading digital casino ecosystem called the Opengaming […]
Business
February 7, 2023
Super Group Confirms Plans to Sell DGC’s Non-core B2B Division
On Monday, Super Group confirmed the proposed sale of DGC’s non-core B2B division to the leading provider of content for the iGaming industry that has a growing portfolio of more than 200 partners around the world, Games Global. It was only recently that Super Group expanded its global presence by acquiring DGC. As a result, […]
