Business
January 13, 2023
888 Records Disappointing Q4 Results, CFO to Step Down
Leading global gambling company 888 Holdings saw a surprising decline in revenue in the fourth quarter despite a World Cup boost 888 explained the slight dip in revenue with the new online gambling regulations in the UK, regarding the quarter with optimism despite the disappointing metrics. The company’s retail segment performed well, recording a modest […]
Business
January 13, 2023
Lottomatica Considers Going Public, Sources Claim
Lottomatica, an Italian sports betting and casino operator, is allegedly considering a Milan initial public offering. As reported by Bloomberg, anonymous sources claim that the company’s IPO may raise as much as $1 billion. Lottomatica May Earn $1B Through Its IPO According to the reports, Lottomatica’s IPO may become a reality in 2023. Going public […]
Business
January 12, 2023
Entain Snatches BetCity from Sports Entertainment Media for $482M
The deal between the two parties was originally announced for an initial consideration of €300 million ($324 million) and a maximum deferred contingent consideration of €550 million ($594 million) in June 2022. Now, Entertain has presented the completion of all procedures for a final acquisition cost of €450 million ($484.2 million). The total cost, which […]
Business
January 12, 2023
DAZN Lost Billions in 2021, Postpones IPO Plans
DAZN, a leading sports streaming platform, announced that its initial public offering may become a reality within three years. This news comes in the wake of a report which outlined the company’s losses in 2021. DAZN Lost Billions in 2021 DAZN is a sports streaming company that hopes to become the next powerhouse in media […]
Industry
December 23, 2022
Five New Kindred Group Board Members Nominated
Kindred’s board of directors may soon expand as the company’s Nomination Committee just proposed five new members. The company’s board until the next annual general meeting will likely consist of a total of nine members without any deputy members. The Nomination Committee Proposed Five New Board Members The Nomination Committee proposed the re-election of four […]
Industry
December 23, 2022
AGA Talks about the Industry’s Performance in 2022
With 2023 just around the corner, the American Gaming Association (AGA) has shared some highlights of the industry’s performance in 2022. Despite the various setbacks, the industry managed to achieve another record year, just as predicted in Q1. The Industry Experienced a Second Record Year The AGA posted details about the performance of the gaming […]
Esports
December 21, 2022
Rivalry Sees Еsports Betting as Vital to the Success of Еsports
Rivalry’s key finding in its 2022 Rivarly Wrapped report was that the most important leverage factor and a sign of success for esports and sports, in general, is engagement. The report highlighted that when viewers have placed a bet on a certain event or tournament this increases their watch time and the extent to which […]
Business
December 21, 2022
OpenBet: World Cup Attracted Record-Breaking Betting Volume
OpenBet, a provider of sportsbook technology, content and services, recorded a record-breaking performance during this year’s FIFA World Cup tournament. As the event progressed and hype was building up, betting volumes skyrocketed. OpenBet Performed Remarkably OpenBet reported that its customers processed over 200 million bets across all channels throughout all World Cup matches. This resulted […]
Business
December 20, 2022
Cricket Pro Dhawan Launches Sports Technology Venture Fund
Shikhar Dhawan, а world-famous Indian cricketer and avid businessman, has founded a new sports technology-oriented venture fund called Da One Global Ventures (DOGV). The $75-million entity will seek to nurture innovation within the sports sector. DOGV Goes Live As announced, DOGV will be a multi-stage fund with a greenshoe option of $25 million. It will, […]
Business
December 19, 2022
Wynn Macau to Invest $2.2B Following Changes in Concessions
Wynn Macau Spending Big Wynn Macau announced it’s planning an investment of MOP17.8 billion (approximately $2.22 billion) in the special administrative region (SAR). A big piece of these investments is going to be focused on expanding revenue through non-gaming enterprises. This is a general trend that’s expected, as the SAR announced that broadening their non-gaming […]
