Business News and Headlines
Business
August 31, 2022
Intralot Posts H1 2022 Report, Revenue Reaches $204.8 Million
Intralot has posted its H1 revenue report which states that the company’s revenue reached €204.8 million ($204.8 million), which is a 1.1% YoY increase. EBITDA also reached €55.1 million ($55.1 million), which is a 1.4% increase. Lottery Games Remain the Group’s Largest Revenue Generator According to the report, lottery games were responsible for 64.1% of […]
Business
August 31, 2022
Altenar Gets Started in Ontario with AGCO License
iGaming and sports betting provider Altenar has made an entry into the regulated market in Ontario, Canada. This marks the latest entity to secure a license from the Alcohol and Gaming Commission of Ontario and become a fully-fledged part of the market as Ontario has just published its first-quarter results. Altenar Brings Full Portfolio of […]
Business
August 31, 2022
Paysafe Appoints Sportradar’s Alex Gersh as CFO
Paysafe has appointed Alex Gersh as the company’s new chief financial officer with the man stepping into his new role on October 3. Gersh is a gaming and sports betting industry veteran, having worked as CFO at Sportradar, his most recent position he is now leaving for Paysafe. He has 25 years of industry-related experience […]
Business
August 31, 2022
Ontario Stars Strong in First iGaming Quarter, But More Expected
Ontario’s iGaming market is everything we have come to expect and perhaps something more. iGaming Ontario or iGO has posted the first quarterly results for the Canadian province, with the surveyed period covering the period between April 4, when the official launch took place, through June 30. Ontario’s Results Show Good Start of iGaming Operations […]
Business
August 31, 2022
Matt Wilson Announced as Light and Wonder Interim CEO
Since Scientific Games was rebranded to Light & Wonder, the company has been hitting the news cycle regularly, and pretty much almost all of the rounds it made were with positive headlines. It seems that the change in its top executive position is also a signal that things are running smoothly and according to plan. […]
Business
August 31, 2022
SaharaBets Boosts Payment Experience with PayNearMe’s MoneyLine
SaharaBets has picked PayNearMe’s MoneyLine solution as its new payment settlement option. The solution enables players to make deposits and withdrawals to and from the sports betting platform. Consumers in Arizona may now pick this payment option to settle bets, whether they wish to top up their accounts or withdraw from their balances. SaharaBets Adds […]
Business
August 31, 2022
Esports Betting Company Midnite Partners with Loud
Midnite, a dedicated esports betting company and creator of experiences for the vertical, has teamed up with Loud, a content creator which posts esports videos on YouTube. The partnership covers the sports betting verticals with strong esports overtones and has elicited an investment into Midnite from Loud’s parent company, Spacecaps. Loud and Midnite Embark on […]
Business
August 30, 2022
Pariplay Appoints Doina Stefanescu as the New VP of Delivery
Pariplay, a subsidiary of NeoGames, has appointed Doina Stefanescu as the new VP of delivery. Stefanescu joined the company from DraftKings where she most recently worked as director of gaming operations. This development comes days after Pariplay added a new studio to its Fusion platform. Stefanescu Will Be Tasked With Meeting Market Requirements As the […]
Business
August 30, 2022
GLI Promotes Angela Wong to VP of Global Lottery Solutions
The gaming industry’s leading testing and certification services provider, Gaming Laboratories International (GLI), announced a senior management level promotion. Angela Wong Promoted to VP of Global Lottery Solutions at GLI The company unveiled Monday it decided to promote Angela Wong to the position of vice president of global lottery solutions. Previously, Wong served as GLI’s […]
Business
August 30, 2022
Fanatics Boss Confirms Sports Betting Coming Before Year’s End
Fanatics‘ long courtship of sports betting in the United States may finally be fleshing itself out, as company founder Michael Rubin confirmed the news during a podcast interview. Rubin appeared on FanDuel’s podcast The Volume with Colin Cowherd. Yes, Fanatics Will Accept Wagers in 2022 The fact that Rubin has been invited to share the […]