Business
April 7, 2023
Cathie Wood’s ARK Trims DraftKings Position after Selling Over 294,000 Shares
The issuer of actively managed exchange-traded funds (ETFs) has announced it sold 294,143 shares of the operator in the context of the stock collapsing. This way, Cathie Wood’s ARK Investment Management took part in a wider market sell-off stimulated by the disappointing forecast for jobs in the private sector in the previous month. Label Label […]
Industry
April 6, 2023
Digitain Promotes Grigor Asoyan to Group Deputy CEO of Technology
Digitain, a leading sportsbook and casino platform provider serving the iGaming industry, has reinforced its team with a new leadership appointment. The company announced that Grigor Asoyan will be joining its team as group deputy chief executive officer of technology with immediate effect. Asoyan is a Digitain employee who previously served as the company’s chief […]
Business
April 5, 2023
Entain Pens Major Deal, Acquires 365scores
Global sports betting, gaming and interactive entertainment group Entain has unveiled a new major acquisition. The company said that it has acquired all of the shares of 365scores, a global sports media company. In the announcement, Entain said that the acquisition has cost it $150 million. In addition, Entain may have to pay up to […]
Casino
April 4, 2023
South Korea’s Foreigner-Only Casinos Record Impressive Profits
Surging economic growth appears to be the theme across many popular Asian gambling destinations, as Macau also recorded a sharp rise in revenue. Its slow recovery after the COVID pandemic allowed other gambling hubs like Korea to flourish, challenging the Chinese territory’s previously undisputed regional monopoly. The Region Suffered Tremendously during the Pandemic Korea and […]
Lottery
April 4, 2023
Allwyn Sets Its Eyes on the Irish Lottery
The Czech operator started the year on a high note, scoring win after win. The company won the auction to take over the UK lottery, closed out the acquisition of the Camelot Lottery Solutions Group, and set itself up for further expansion. Recent news suggests Allwyn plans to compete for control over the Irish national […]
Business
April 4, 2023
Parsec Capital Acquires Majority Interest in Enteractive Media, Plans Nasdaq Listing
Parsec Capital Acquisitions, a special purpose acquisition company, has acquired a majority interest in Enteractive Media, a gaming affiliate company. Parsec Capital said that it plans to acquire the remaining Enteractive shares in the future, turning the company into a wholly-owned subsidiary. The current deal follows a previous merger announcement and overrides the actual merger […]
Sports
March 31, 2023
March Madness Benefits Operators in Vegas and Beyond
Once again, the NCAA Men’s College Basketball Championship, also known as March Madness, attracted countless sports betting aficionados to Las Vegas. Despite its efforts to distance itself from gambling, the annual tournament continues to attract millions of punters. The Nevada Independent’s Howard Stutz reported that the West Regional Championship, which is the first time Las […]
Business
March 29, 2023
Niaz Nejad Joins Light & Wonder as MD of Gaming for the Americas
Light & Wonder, a leading cross-platform global games company will expand its leadership team with Niaz Nejad as its new managing director of gaming for the Americas. As announced by the supplier, Nejad will be joining its ranks later this year, following the conclusion of her non-compete period. Nejad brings a whopping 25+ years of […]
Industry
March 29, 2023
Booming Games Adds New Product Owner and Marketing Manager
Booming Games, a rapidly-expanding developer of slots, has unveiled two new additions to its team. The iGaming experts Kaska Pysz and Dorota Gruszka will be joining the company as product owner and marketing manager respectively, the supplier announced. Booming Games explained that both of its new members boast years of experience in the iGaming sector […]
Casino
March 27, 2023
Tilman Fertitta Buying Hard Rock Lake Tahoe Hotel & Casino
Tilman Fertitta’s company owns five Golden Nugget Hotel and Casino properties. Following the transaction’s completion, there are plans to remodel Hard Rock Lake Tahoe into a Golden Nugget, expanding the company’s presence in the Northern Nevada market. The property was last remodeled in 2015 when Paragon licensed the Hard Rock name from the Seminole Indian […]
