Business News and Headlines
Business
October 14, 2022
Playstudios Agrees to Acquire Brainium for $70M
The leading developer of free-to-play mobile and social games, Playstudios, announced a new acquisition Thursday. Playstudios Expands Portfolio, Acquires Brainium The company unveiled it acquired the leading mobile game developer, Brainium. The cost of the new deal has a price tag of $70 million. With that in mind, the amount is contingent on different performance targets for Brainium […]
Business
October 14, 2022
SYNOT Games to Power Planetwin365 with Content
Gaming content provider SYNOT Games has inked a deal that will see it supply the Italian operator Planetwin365 with games. The agreement will boost the provider’s presence in the Italian iGaming market. SYNOT Games Agrees to Provide Planetwin365 with Games SYNOT Games agreed to provide Planetwin365, an SKS365 subsidiary, with its rich suite of iGaming […]
Business
October 14, 2022
Acroud AB Acquired 60% of Affiliation and Media Company
Acroud AB, a global provider of Software as a Service (SaaS) solutions to the affiliation industry, announced the acquisition of a 60% share in an Affiliation and Media Company for a total consideration of £5.1 million ($5.8 million). Expanding into Sports Betting The acquisition comprises affiliation assets and online gaming technology and is expected to […]
Business
October 13, 2022
Nuvei and Lottomatica Sign Exclusive Payment Deal
Leading group and operator in the gaming market authorized by the Customs and Monopoly Agency in Italy, Lottomatica has joined hands with the innovative payment platform Nuvei. The two have agreed on an exclusive partnership that would turn Nuvei into Lottomatica’s unique payment partner. In return, the former would use its expertise in iGaming payments […]
Business
October 13, 2022
Seven Star Digital Strengthens UK Foothold with Moneta Communications
Publisher of horseracing content and provider of wagering tips for the UK and global events Seven Star Digital has acquired Moneta Communications, a pure-play performance marketing business that publishes sports betting content in North America, the UK, and Ireland. The fresh deal will help Seven Star Digital strengthen its foothold in the UK. The acquisition […]
Business
October 13, 2022
NagaCorp to Likely Face Financial Trouble, Moody’s Predicts
Moody Corporation’s bond credit rating business, Moody’s Investor Service, is concerned about the future of NagaCorp amid China’s war on junkets. The Hong Kong-listed Cambodian operator has been struggling to recover from the pandemic and now faces significant refinancing risks. Moody Is Concerned about NagaCorp Moody’s concerns became evident when the rating company downgraded NagaCorp’s […]
Business
October 13, 2022
SoftSwiss’ Affilka Enjoys 20% Increase in Player Acquisitions
SoftSwiss’ affiliate marketing platform, Affilka, announced it has seen an increase in monthly player acquisitions. Affilka Reports 20% Increase in Monthly Player Acquisitions The company released a statement on Wednesday outlining that it has seen strong growth with a 20% increase in monthly player acquisitions. The recent result reaffirms the growth of the affiliate marketing […]
Business
October 13, 2022
The Rank Group Optimistic about the Future, despite 2% Growth for Q1
The leading UK-based gambling company, The Rank Group, released its latest trading update Thursday. The Rank Group’s Revenue Hits £165.7M, up 2% The company revealed that for the first quarter, covering the trading period between July 1 and September 30, 2022, it has seen its total net gaming revenue (NGR) increase by 2% to £165.7 […]
Business
October 13, 2022
Entain Reports Slight 2% Revenue Growth for Third Quarter
The global sports betting and gaming company, Entain, released its financial results for the third quarter of 2022. Entain Releases Q2, 2022 Results In its latest trading update, Entain revealed that its group net gaming revenue (NGR) grew by only 2% for the period between July 1 and September 30, 2022. On the other hand, […]
Business
October 13, 2022
Robert Cooke Takes Over His New Role as Star Entertainment CEO and MD
On October 17, Robert Cooke, The Star Entertainment Group’s new CEO and managing director is getting his hands on fixing the mess the troubled casino operator has been in for the past year. Robert Cooke Takes Over his CEO and MD Role at Star Entertainment Robert Cooke was appointed as the new CEO and managing […]