Business News and Headlines
Business
September 16, 2022
Churchill Downs Puts Forward $79M to Acquire Ellis Park
Horse racing and betting company Churchill Downs Incorporated has penned a key deal that will see it add another property to its portfolio. The horse racing giant will pay $79 million to acquire Ellis Park Racing & Gaming along with the Ellis Park thoroughbred racetrack in Henderson, Kentucky and the opportunity to open a new […]
Business
September 15, 2022
Fortuna Entertainment Group Appoints Victor Corcoran as New CEO
Fortuna Entertainment Group (FEG) has officially appointed Victor Corcoran as the new CEO. That includes Croatia, Slovakia, the Czech Republic, and Poland. Corcoran will be replacing David Vaněk, who served as interim CEO after Per Widerström decided to leave and chase new career opportunities. Corcoran Joins From Paddy Power Where He Worked as CEO Before […]
Business
September 15, 2022
IGT Finalized Proximity Payment Business Sale to PostePay
In late February 2022, International Game Technology (IGT), a global gaming tech brand, announced that it will be selling its Italian proximity payment business to PostePay in a $785 million deal. IGT now confirmed that the sale has been completed. IGT Sold Proximity Payment Business to PostePay The agreement covers the sale of LIS Holding […]
Business
September 14, 2022
Continent 8 Selects Kristian Valenta as Chief Financial Officer
Continent 8 Technologies, a company that offers world-class managed hosting, connectivity, cloud and security services, announced a new senior leadership appointment. Kristian Valenta Joins Continent 8 as CFO The company revealed Wednesday it hired the services of Kristian Valenta to serve as its new chief financial officer (CFO). In his new role, Valenta will be […]
Business
September 14, 2022
Kindred Group Announces Long-Term Strategy and Financial Targets
Online gambling operator Kindred Group is going to present the group’s latest financial targets at a special event hosted by the company in London on September 14, which will also be available online as a video recording on the group’s website later the same day. Kindred Group presents Its Strategy and Long-term Priorities for […]
Business
September 14, 2022
GiG Obtains License to Launch in Pennsylvania
Gaming Innovation Group has achieved another milestone with the company securing a license from the Pennsylvania Gaming Control Board to offer its services on the territory of the state. As a result, the company has been granted an “interim authorization” by the regulator and will now be able to provide its products in the Keystone […]
Business
September 14, 2022
Amelco Launches with LulaBet in South Africa
Amelco has delivered on its promise to launch its sports betting and platform products in South Africa, with the company debuting in the country through a partnership with LulaBet, a new operator. Amelco is deploying its tier-one solution and provides LulaBet with a full end-to-end sports betting platform that will be entering the market for […]
Business
September 14, 2022
ParlayBay Launches Products with 7Bet in Lithuania
ParlayBay, a company that focuses on the gamification of sports betting through unique titles, has teamed up with 7Bet, a Lithuanian sports betting operator. As a result, 7Bet will have access to the full range of titles offered by ParlayBay and seek to inspire audiences to engage with the platform on a deeper level. ParlayBay […]
Business
September 14, 2022
Lightning Box Sees 50% Growth Since Light & Wonder Acquisition
The acquisition of Lightning Box, a developer of iGaming products and slots specialist, has led to a solid increase in the company’s results over the past year, Light & Wonder Inc. reported. Since the company joined the Light & Wonder portfolio back in August 2021, the slot maker has been able to benefit from superior […]
Business
September 14, 2022
New England Patriots, Gillette Stadium Partner with Aristocrat
Aristocrat Gaming is definitely working hard at expanding its operations and footprint, and developments in the sports betting industry in the US are one of its focal points. It’s only been a month since the Bay State legalized sports betting and Aristocrat is already in a partnership with a successful Massachusetts NFL team – the […]