Business News and Headlines
Business
October 5, 2022
Ho Family Might Lose Two Portuguese Licenses
During his lifetime, the gambling mogul Stanley Ho built a flourishing gaming empire. Two years ago, Ho passed away, leaving his business to his family. Now, his family’s mettle will be tested as a rival firm endangers their Portugal casinos. Stanely Ho’s Family Might Lose Two Portuguese Casinos Casino de Lisboa and Casino do […]
Business
October 5, 2022
Sportingtech Announces Entry into Brazilian Market with Unnamed Operator
Supplier of sports betting and gaming platforms, Sportingtech, has confirmed that it has signed an agreement with an operator to break ground in the Brazilian market and provide its dedicated sportsbook solution in the country. This will allow the tech company to establish a presence in Brazil as Sportingtech pivots towards other Latin American markets. […]
Business
October 4, 2022
AGA: Gaming CEOs Are “Cautiously Optimistic” about the Future
The American Gaming Association (AGA), the United States gaming industry association, teamed up with the leading market analyst Fitch Ratings to release a new edition of its Gaming Industry Outlook. In the latest edition, AGA said that most of the executives within the sector are optimistic about the industry’s future. What CEOs Think about the […]
Business
October 4, 2022
Stakelogic Unveils New Content Deal With BetFlag
Stakelogic, the leading developer of content for the iGaming industry, announced a new partnership with the Italian operator powerhouse BetFlag. BetFlag Gains Access to Stakelogic’s Leading Slots via New Deal The new content partnership was announced Tuesday and sees BetFlag access Stakelogic’s complete suite of classic and video slots. As a result of the new deal, customers of the […]
Business
October 4, 2022
SBC Summit Latinoamérica 2022 Invites Stakeholders to Seminole Hardrock, FL
Gambling industry specialists who are interested in growing their footprint in the Latin American market will have the opportunity to network exchange know-how and catch themselves up on the latest developments in the region at the upcoming SBC Summit Latinoamérica 2022 conference which will be hosted out of the Seminole Hard Rock Hotel & Casino […]
Business
October 4, 2022
Wisconsin: Sokaogon Chippewa Community to Offer Sports Betting
A newly amended gaming compact in Wisconsin paves the way for the introduction of sports betting by the Sokaogon Chippewa Community. Wisconsin Governor Inks Updated Gaming Compact Sokaogon Chippewa Community’s Chairman, Robert VanZile Jr. and Governor Tony Evers penned the updated agreement last week. If approved, the agreement would allow the Tribe to offer event wagering at its Mole […]
Business
October 3, 2022
Elys Announces Plans for Second Sportsbook with Grand Central in Washington DC
Elys Game Technology, Corp will help its partner in Washington DC, Grand Central Restaurant and Sportsbook, to launch a second sportsbook location in the area. While the two companies have not released details about what location this may be, they are fairly confident in the success of this new venture. The new sportsbook is still […]
Business
October 3, 2022
FL Entertainment Reports Strong H1 2022 Results
FL Entertainment, the freshly created special purpose acquisition company (SPAC), released its financial results covering the first half of 2022. FL Entertainment Reports Increase in Revenue and Adjusted EBITDA The company said last week, that its revenue for the first six months ended June 30, 2022, hit €1.80 billion ($1.77 billion). When compared to the €1.51 […]
Business
September 30, 2022
Light & Wonder Completes Final Stage of Divestiture Process for OpenBet
After announcing a $400 million cut in the sale price of its sports betting business OpenBet at the beginning of July, Light & Wonder has now announced the completion of the final stage of its gaming transformation. The company has sold the OpenBet platform to the Endeavour Group for $800 million, signaling the $400 million […]
Business
September 30, 2022
Checkd Group Brings Alan Davey as Head of Sports for Media Division
Checkd Group, a leading iGaming business, has appointed Alan Davey as its new head of sports for the company’s media division. Davey previously worked as a product manager and will now be in charge of Checkd Media’s sports strategy which will be focusing more actively on expanding its reach in the North American market and […]