Business
April 4, 2023
Charlie Munger Says Gambling on Stock Market Impossible to Fix
Charlie Munger, Warren Buffet’s faithful lieutenant, has often been critical of anything that defies the stock market’s conventional logic. The COVID-19 market brought around a buzz among investors who splurged on anything but traditional stock and with this – they unlocked a torrent of criticism. Stock Market Proves as Addictive as Gambling Even when investors […]
Business
April 3, 2023
Jason Scott Exits BetMGM, Returns to Australia
The gaming giant BetMGM is parting ways with Jason Scott, its vice president of trading, VIP and retail sportsbooks. The experienced employee shared the news on LinkedIn, adding that he will now head back to Australia. Scott, who has served the Entain/BetMGM family for the last 11 years, said that his time with Entain and […]
Business
April 3, 2023
Swedish Gambling Regulator Awards Hacksaw Gaming B2B License
The fast-growing iGaming content provider, Hacksaw Gaming, announced it expanded further its European footprint after securing a new business-to-business (B2B) license. On Monday, the company confirmed that the Swedish Gambling Authority (SGA), approved its B2B gaming license. This license enabled Hacksaw Gaming to deliver its content to gambling operators licensed within the market in the […]
Business
March 31, 2023
GeoComply Hires Ex-Meta Director Vadim Jelezniakov as CTO
Geolocation, fraud and risk solutions provider GeoComply announced a new senior-level appointment. On Friday, the company strengthened its C-suite by hiring Vadim Jelezniakov, an expert within the technology vertical, for the role of chief technology officer (CTO). Overall, Jelezniakov brings more than two decades of experience. As a part of GeoComply, he will help oversee […]
Business
March 31, 2023
GAN Posts Strong Q4 and 2022, Confirms Strategic Review Launch
North American business-to-business (B2B) technology provider of real money internet gaming solutions and fast-growing international business-to-customer (B2C) betting operator, GAN, released its unaudited financial results outlining the performance of the company during the fourth quarter and 2022. The company posted strong revenue growth for Q4 and 2022, complemented by growth within B2B and B2C segments. […]
Business
March 30, 2023
Kambi Reports Growth in 2022, Continues to Expand Product Reach
The premium provider of sports betting services to licensed business-to-customer gambling operators, Kambi, released its latest annual financial report, outlining the company’s performance in 2022, highlighting important achievements and outlining plans for the future. Released Thursday, the new report shows that Kambi’s revenue in 2022 hit €166.0 million ($181 million). This result, when compared to […]
Business
March 30, 2023
In 2022 DraftKings Spent $2M on Security, Airplane Costs for CEO
A recently-published Schedule 14A filing with the Securities and Exchange Commission (SEC) reveals financial data about DraftKings’ co-founder and CEO, Jason Robins’, expenses. The financial document points out that DraftKings spent nearly $2 million on airplane and security costs for Robins throughout 2022. Moreover, the CEO and co-founder also had some $131,607 expenses attributable to […]
Business
March 30, 2023
Apparat Gaming Expands Content Reach via GiG Partnership
The fast-growing developer of popular iGaming content, Apparat Gaming, announced a new partnership with the award-winning iGaming platform and sportsbook solutions provider, Gaming Innovation Group (GiG). Announced Thursday, the freshly-inked deal sees Apparat deliver its unique slots with a German accent for GiG’s partner operators. Under the terms of the new deal, leading slots from […]
Business
March 29, 2023
Niaz Nejad Joins Light & Wonder as MD of Gaming for the Americas
Light & Wonder, a leading cross-platform global games company will expand its leadership team with Niaz Nejad as its new managing director of gaming for the Americas. As announced by the supplier, Nejad will be joining its ranks later this year, following the conclusion of her non-compete period. Nejad brings a whopping 25+ years of […]
Business
March 29, 2023
Nevada Gambling Operators Post 11% Revenue Increase in February
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report outlining the performance of nonrestricted gambling licensees last month. The gambling watchdog revealed that the total gaming win in February this year hit $1.24 billion. This result, when compared to the corresponding period in 2022 marked an increase of 11.15%. […]
