Business
March 17, 2023
Gambling Revenue in New Jersey Increases by 10.4% In February
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report outlining the performance of racetracks, casinos and their partners during February 2023. Overall, the gaming revenue reported by the gambling operators and their partners last month hit $412.2 million. This result, when compared to the $373.3 million reported for […]
Business
March 17, 2023
Barstool Founder Dave Portnoy Criticizes Silicon Valley Bank Bailout
Barstool Sports founder Dave Portnoy has criticized the bailout of SVB, which he called a “bad business” and said was operating with a poor business model. While acknowledging the importance of protecting the money of average depositors, in an interview for Fox Business he said that banks should not be rescued simply because they decide […]
Business
March 16, 2023
Commercial Gaming Revenue up by 21% In January, Says AGA
The US gambling industry trade group, the American Gaming Association (AGA), announced Wednesday new data regarding the revenue reported by the commercial gambling sector in the country, acknowledging a strong start to the year. Judging by the new data, the US commercial gaming revenue, which includes iGaming, land-based and sports betting revenue hit $5.50 billion […]
Business
March 16, 2023
Light & Wonder Mulls Second Listing in Australia
The company could take its shares to the Australian Securities Exchange (ASX) as it debates raising additional capital and signal strength to investors globally. This is not the first time the news that Light & Wonder may be considering launching a secondary listing has surfaced. Light & Wonder Considers Creating More Shareholder Value Back in […]
Business
March 15, 2023
LVCVA to Sell 10 Acres of Strip Land for $125M
The Las Vegas Convention and Visitors Authority (LVCVA) approved the sale of 10 acres of land on the Las Vegas Strip. The deal, which will see the entity sell the parcel to Brett Torino and Paul Kanavos for $12.5 million per acre, was unanimously approved by LVCVA’s directors. The $125 million deal will see the […]
Business
March 15, 2023
Stefan Bruns to Join the Management Board at Gauselmann Group
The innovative entertainment company that is continuously growing and globally recognized, Gauselmann Group, announced a senior-level hire Wednesday. The company confirmed it hired the services of Stefan Bruns, an expert within the iGaming and casino industry with decades of experience. Bruns joins Gauselmann Group as its newest Management Board member. As a part of the […]
Business
March 14, 2023
Super Group Publishes Preliminary Q4 and FY22 Results
Super Group, the group behind the Betway and Spin gambling brands, has published its preliminary Q4 and full-year 2022 financial results. The company saw its revenue exceed the guidance range, causing Super Group to be optimistic about the future despite certain declines. Super Group’s unaudited Q4 financial highlights show Q4 revenue of around $353 million […]
Business
March 14, 2023
Tiidal Confirms Plans to Sell Sportsflare to Entain
Esports and gaming platform company Tiidal Gaming Group and its subsidiary, Tiidal Gaming Holdings, confirmed they have entered into an agreement to sell all shares of their operating subsidiary, Tiidal Gaming NZ, the parent company of Sportsflare, a leading provider of wagering products with a focus on the esports vertical, to Entain. The new acquisition […]
Business
March 14, 2023
EveryMatrix Selects Tor Skeie for CEO of OddsMatrix
The software provider for the growing online gambling sector, EveryMatrix, announced a senior-level appointment Tuesday. The company confirmed it hired the services of Tor Skeie as the CEO of OddsMatrix, the company’s sportsbook division. In his new role with the company, Skeie will oversee the company’s sports business and spearhead its growth. Overall, he brings […]
Business
March 14, 2023
Hard Rock Digital and Playtech Sign Strategic Partnership
The fast-growing content, services and platform provider for the iGaming industry, Playtech, announced a strategic collaboration with Hard Rock International and Seminole Gaming’s interactive gaming and sports betting joint venture, Hard Rock Digital (HRD). Details of the new strategic deal emerged Tuesday and will see HRD license iGaming content, as well as technology solutions from […]
