Business News and Headlines
Business
February 3, 2023
MeridianBet’s Empty Bet Revolutionizes Traditional Betting
The new betting offering called Empty Bet sets MeridianBet Group apart and helps it establish a distinct position in the markets where it operates. MeridianBet’s Empty Bet Offers Unique Features MeridianBet presents a rare betting experience with its innovative product, Empty Bet. It opens the door for patrons to place wagers on any human interaction […]
Business
February 3, 2023
EveryMatrix Enjoys Stellar Fourth Quarter and 2022 Results
Released Thursday, the company’s latest report revealed that in Q4, 2022, its revenue hit €39.5 million ($43.2 million). This result marked a significant 66% increase when compared to the corresponding period in 2021. Gross profit for the fourth quarter of 2022 increased as well, hitting €19.4 million ($21.2 million), up by 39% year-over-year. Not unexpectedly, […]
Business
February 2, 2023
Sportradar Powers In-House Operators via Insight Tech Services
The new standalone Artificial Intelligence (AI) solutions are aimed at sportsbook operators looking to enhance their risk management, marketing, and trading abilities. The fresh tools will help Sportradar’s in-house operators optimize their commercial performance. The new suite complements the company’s current Managed Trading Services. Unlocking Real-Time Insights to Supercharge Operations Sportradar’s innovative use of AI technology […]
Business
February 2, 2023
Betsson Confirms Support for UN Global Compact Initiative
Announced Thursday, the company joins a growing roster of organizations around the globe that have already shown support for the initiative. Per the new collaboration, Betsson will embed ten principles from the Global Compact into its operations. The changes are going to affect the company’s policies related to anti-corruption, labor, environment, HR, as well as […]
Business
February 2, 2023
Wazdan-Play North Partnership Inked in 2022 Is Growing Strong
After announcing it would expand its presence in Europe by signing a partnership deal with Play North last year, the provider that is leading the way in innovation in casino game development has returned with fresh updates. Wazdan Celebrates “Successful Partnership” with Play North The multi-brand agreement signed with the iGaming company on a mission […]
Business
February 2, 2023
Relax Gaming and AboutSlots Team Up for a New Game
iGaming content developer and aggregation specialist Relax Gaming has penned a content-oriented agreement with AboutSlots.com, an online resource for slot games. As agreed, the iGaming brands will co-produce a new player-led slot game. Relax Taps into AboutSlots’ Knowledge According to the announcement, the new title is supposed to go live in July 2023. The partnership […]
Business
February 2, 2023
DraftKings Lays Off 3.5% of Its Global Workforce
DraftKings has joined FedEx and Rivian Automotive in announcing job cuts, aligning with a growing trend among US corporations. The company announced the move aims to boost efficiency and will affect about 140 jobs. A Major Portion of the Job Cuts Are in Europe, Asia, and the Middle East The majority of the impacted positions […]
Business
February 2, 2023
Better Collective Buys 5% Stake in Catena Media
The news was reported in a very short press release from Better Collective stating that the company is satisfied with its investment and does not wish to comment on it any further. The Start of a Collaboration Between Fierce Rivals It is interesting to see how the two companies will collaborate. Up to now, they […]
Business
February 2, 2023
BetMakers Forgoes Matt Tripp Compensation Package
As reported by the Financial Review, the company decided against a possible payment of a compensation of AU$ 7 million ($5 million) for the famous gaming entrepreneur. BetMakers explained that the canceled bonus payment comes after Tripp did not deliver a “transformational deal” for the company. Considering the hefty compensation, the deal, reportedly was a […]
Business
February 1, 2023
Simplebet’s Micro-betting Products Exploded in Popularity during the NFL Playoffs
The company reported rising interest in its products during the first three rounds of the National Football League Playoffs. It also noted that some of its niche markets have been very active, with one of the biggest markets being the “Who will score a touchdown on this drive?” bet. Many Were Interested in Micro-betting The […]