Business
July 8, 2022
Everi Holdings Generates 70% of Revenue from Recurring Business
Everi Holdings Inc is doing well insofar as its business and finances go. This is the memo that brokerage firm B. Riley Securities Inc. issued on Wednesday, commenting on the company’s financial standing, future prospects, and current business operations. Everi, the memo read, is able to generate 70% of its revenue and its EBITDA from […]
Business
July 8, 2022
Moody’s Withdraws Crown Resorts Rating over Blackstone Acquisition
Credit rating agency Moody’s Investors Service has stripped Australia-based Crown Resorts Limited from its Ba3 corporate family rating (CFR), following a similar move from credit rating agency Fitch, which a few days ago also downgraded the company’s credit rating. Downgrade Resulting from Blackstone Acquisition The recent changes announced by the two major credit rating agencies […]
Business
July 7, 2022
RSI’s RushBet Betting and Gaming Brand Now Live in Mexico
Online casino and sports betting company Rush Street Interactive (RSI) announced today that on June 30, 2022, its online casino and sportsbook brand RushBet launched in Mexico. Always Put Players First The launch of RushBet in Mexico brings over 350 of the latest slot titles and table games, including live dealer games to a market […]
Business
July 7, 2022
Broadway Acquires 888’s Dragonfish Bingo Arm
UK-based gambling operator Broadway Gaming finalized the purchase of betting company 888 Holdings’ bingo division. The $45.25 million deal covers 888’s entire B2B and B2C bingo business and includes a twelve-month transitional period where 888 will provide transitional assistance for a pre-agreed fee. 888 Moves Away from Bingo to Focus on iGaming and Betting 888’s […]
Business
July 7, 2022
Spotlight Sports Group Signs a Multi-Year Agreement With LiveScore Group
Spotlight Sports Group (SSG), a world-renowned content, technology, and media company, has announced a multi-year agreement with LiveScore Group. Thanks to this partnership, LiveScore Group’s Virgin Bet and LiveScore Bet businesses will benefit from the services offered by the company’s Superfeed product. Superfeed Will Boost the Racing Product of Virgin Bet and LiveScore Bet SSG […]
Business
July 7, 2022
Entain on Track to Hit $1.3B in NGR in 2022 Despite Online Slowdown
Entain has issued its latest trading update covering the period from April 1 through June 30, 2022. The company has also summed up the results from the first half-year or H1, covering the period from January 1 through June 30, 2022. The report highlights a snipper of the current group’s net gaming revenue and how […]
Business
July 7, 2022
ParlayBay to Pivot Towards Asia with AzureTech
ParlayBay has signed a distribution partnership with iGaming aggregation platform AzureTech. As a result, ParlayBay will be able to boost the reach of its dedicated sports betting products which will now be part of AzureTech’s platform which has a strong focus on the Asian market. AzureTech to Give ParlayBay Market Boost ParlayBay will benefit from […]
Business
July 6, 2022
High 5 Games Secures iGaming License in Pennsylvania
The New York-based casino game provider High 5 Games received an Interactive Gaming Manufacturer License from The Pennsylvania Gaming Control Board. With this regulatory hurdle cleared, the company will be able to market its services to the state’s operators. The Slots Developer Now Operates in Four US States Twelve of High 5’s slot games are […]
Business
July 6, 2022
Fitch Lowers Crown’s Rating Post-Blackstone Takeover
Crown Resorts, Australia’s largest gaming operator, recently sold its business to The Blackstone Group, a real estate and private equity firm. As a result, Fitch Ratings, a major rating agency, downgraded its rating of Crown’s business. Fitch Changed Its Ratings Soon after Blackstone completed the deal, Fitch lowered Crown Resorts’ Issuer Default Rating from BBB […]
Business
July 6, 2022
SIS Looks to Expand Its US Market Presence With Two New Appointments
Sports Information Services (SIS) has announced two new appointments the live betting provider gives Sean Beirne and Brenda Strickland senior roles. Beirne and Strickland will help the US subsidiary continue its growth in the country. The news comes shortly after the company announced new appointments to support its global expansion. The Roles of Beirne and […]
