Business
December 23, 2021
Scientific Games Withdrew Offer for SciPlay Remaining Equity
Gaming technology and services provider Scientific Games (SG) announced this week that it would no longer pursue to acquire the remaining equity interest in SciPlay. SciPlay Offer Rescinded SG decided to reverse its previous decision to acquire the remaining 19% equity interest in SciPlay. According to the bid tabled in July, SG offered each shareholder […]
Business
December 21, 2021
Voxbet Funding Round Attracted Waterhouse and Tekkorp Capital
Investor interest in sports betting technology companies continues to be high after the strategic funding round at voice-to-text software developer Voxbet saw prominent names like Tom Waterhouse and Matt Davey participate. ‘Their Credentials Leapt off the Page’ Voxbet’s funding round attracted a group of international investors, including Waterhouse VC investment fund’s chief information officer Tom […]
Business
December 20, 2021
Kindred’s Share Buy-Back Program Returned SEK600M to Shareholders
A buy-back program initiated at Kindred Group in July this year with the purpose to return excess cash to shareholders is now complete, announced today the gaming operator. Share Buy-Back Program Complete Kindred Group said it repurchased a total of 942,000 shares/SDRs in the period December 1-17, 2021 within the buy-back program the Board of […]
Business
December 6, 2021
Catena Media Paused Share Buyback Program after Two Rounds
Online lead generator for the iGaming industry Catena Media announced today its share buyback program would be paused in compliance with the requirements of the Maltese Companies Act (MCA) until the holding company has new distributable profits. Share Buyback on Hold The share buyback program that allowed Catena Media to expand its stake to 3.1% after two rounds of share repurchases will now cease […]
Business
December 6, 2021
Bullpen SPAC Launches With $200M IPO and Support From Industry Veterans
Two industry veterans launched а special purpose acquisition company launched on the Nasdaq stock exchange, following a $200 million initial public offering. Industry Veterans Have Launched a SPAC The initial public offering saw the company, going by the name Bullpen Parlay Acquisition Co, sell a total of 20 million shares at a price of $10 per […]
Industry
December 3, 2021
Intralot’s Q3 2021 Report Showed Signs of Business Rebound
International gaming solutions and technology provider Intralot SA released its third quarter and nine-month period ended September 30, 2021 report posting significant growth in revenue and EBITDA. Double-Digit Growth Intralot posted group revenue of €100.2 million ($113.2 million) and €302.8 million ($342.2 million) for the three-month and nine-month periods, up 8.2% and 24.4% on the […]
Business
November 19, 2021
Gambling.com Posts Robust Results in Q3 2021
Gambling.com Group Limited has reported a robust performance for the third quarter of the year, with the group’s results bolstered by a commitment to organic growth and methodically building up its footprint in the online gambling industry and shored up by the return of the sports season in the US. Return of Sports Bolsters Gambling.com’s […]
Blockchain
November 18, 2021
Blockchain-Powered Sports Betting Protocol BetDEX Gets $21M in Funding
Several former FanDuel executives have banded together to launch BetDEX – a new betting product that aims to be the first-ever decentralized sports betting protocol. The company has raised $21 million to jumpstart its operations. BetDEX to Revolutionize Sports Betting BetDEX is being developed by notable people, each with years of experience in the gambling […]
Industry
November 18, 2021
Aristocrat Finishes FY21 with 81% Profit Boost
Aristocrat Leisure Limited’s profits continue to outperform expectations as the company has wrapped up its FY21 to post a total of $628 million as its bottom line, up 81% year-over-year. The Australian slot machine company’s performance has been bolstered by strong growth in the digital space backed by its operations in the Americas and finding […]
Business
November 12, 2021
Inspired’s Q3 Result Demonstrate Growth Across the Board
Gaming provider Inspired Entertainment has released its financial results for the third quarter of the year, revealing a steady recovery and growth. Inspired Revenues Increase Across All Its Segments The company has scored 29% more revenue than it did for the same nine-month period last year. Its earnings for the period stand at $77.6 million. […]