Business
August 12, 2022
NeoGames Posts Strong Q2 2022 Results
NeoGames, a Nasdaq-listed iGaming tech provider, posted its results for the second quarter of the year. The results demonstrate that the company’s business is going steadily. A Look into NeoGames’ Financial Results NeoGames shared that revenues for the period sit at $21.1 million. This is a significant 46.4% increase on last year’s results. In addition, […]
Business
August 10, 2022
Catena to Scale down EU Assets and Focus on NA
Catena Media, a publicly-listed company, will evaluate its European business. This review aims to pinpoint the company’s weaker casino and betting segments. The company plans to take a closer look into all of its gambling segments and decide which ones to scale down and by how much. Catena Will Review Its EU Businesses Catena Media […]
Business
August 9, 2022
AGS Posts Strong Q2 2022 Results
American Gaming Systems (AGS) has reported that recent investments in key teams have greatly contributed to the company’s rising revenues. The company closed the second quarter of 2022 with 14.6% higher revenues. A Positive Net Income for the First Time in 10 Quarters The gaming experiences provider earned $76.6 million for the period. This number […]
Business
July 21, 2022
Kindred Is Exploring a Potential Sale
In June, Kindred Group announced it has obtained a gaming license for the Netherlands Towards the end of the same month, the group inked a deal with AFC Ajax via its Unibet brand. Now, the group is allegedly considering a few valid sale options. Giants 888 and Entain count among the names that could ink […]
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 1, 2022
NorthStar and Baden to Proceed with Reverse Takeover
NorthStar Gaming, a Canadian casino and sports betting operator, has proceeded with its reverse takeover of Baden Resources, a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. NorthStar Gaming to Be Acquired by Baden Resources The operator announced its intention of undergoing a reverse takeover […]
Business
June 20, 2022
Rank Group Predicts Weak FY 2021/22 Results
British gambling company The Rank Group announced that it will likely underachieve and fail to reach its operating profit forecasts for the 2021-22 fiscal year. This is caused by the operator’s underperformance in its home market, especially in the latter two quarters of the year. Rank Group’s Business Underperformed Rank Group’s earlier predictions expected it […]
Business
June 17, 2022
Casino Mogul Fertitta Bought Land on the Strip
Houston billionaire Tilman Fertitta, who owns Golden Nugget and Landry’s, is on his way to conquer the Las Vegas Strip. Through his company, Fertitta Entertainment Inc, Fertitta has bought real estate on the Strip spanning over 6.2 acres for the massive amount of $270 million, which roughly means he paid over $43 million per acre. […]
Industry
May 31, 2022
SIS Announces Promotions as it Seeks Global Expansion
Sports Information Services (SIS) has announced two senior appointments as part of its international growth strategy. The former head of trading, Adam Conway, has been promoted to head of competitive gaming and Aiden Tracey, who worked as a racing trading manager, has been promoted to head of racing trading. SIS Is Looking To Strengthen Its […]
Industry
May 13, 2022
Aquis and Oscars Agree on Casino Canberra Sale Terms
Aquis Entertainment Ltd has signed a deal with Capital Leisure & Entertainment Pty Ltd, an Oscars Group subsidiary, and now, the company is likely to sell Casino Canberra. Regulatory approvals also need to be obtained and the price for which Casino Canberra is sold is AU$52 million ($36 million). Aquis Is Looking To Explore New […]
