- US Supreme Court Denies Review of Florida Sports Betting Case, Allowing Digital Betting to Continue
- GiG to Acquire Casinomeister, Bolstering Financial Impact and Market Reach
- Genting Berhad’s Q1 Revenue Surges 27.7% to RM7.43bn, Net Profit Nearly Triples
- Ramos Blocks Cohen’s $8B Citi Field Casino Plan, Proposes Green Space Alternative
- Illinois Considers Major Tax Hike on Gaming Operators, Impacting DraftKings and Flutter Stocks
- Illinois Senate Passes Budget with Progressive Sports Betting Tax, SBA Warns of Harmful Impact
- DraftKings Completes Jackpocket Acquisition, Targets $340M Revenue Boost in US Lottery Market
- Paf Achieves Record Net Profit with 23% Increase Amid Rising Gaming Taxes and Responsible Gaming Measures
Author: David Randall
Seamus McGill assumed the helm at the online gambling solutions provider last September, succeeding long-time leader Dermot Smurfit. Nasdaq-listed GAN affirmed that McGill will retain his position on the company’s board of directors, concentrating on finalising its £87.7m/€100.8m acquisition by Sega Sammy Holdings. “Seamus has the full backing of the board of directors, and we are confident that his experience and leadership make him the most qualified candidate to be GAN’s next CEO,” stated David Goldberg, GAN’s chairman. “Seamus has been with the company since 2014 and has a deep understanding of GAN’s products, customers, and strategy. On behalf of…
Adam Bell QC, renowned for spearheading the initial Bell inquiry, has been tasked with conducting the follow-up investigation, dubbed Bell Two. Commencing today, on the 19th of February, the inquiry is scheduled to span 15 weeks, with the final report due by the 31st of May 2024. Philip Crawford, the chief commissioner of the NICC, remarked that the second Bell report would scrutinise Star’s endeavours to enact the recommendations outlined in the inaugural Bell inquiry. He stated, “Bell Two will revisit the findings of the original Bell report and assess The Star’s endeavours to regain its casino licence against that…
StarGames.de, a leading online gaming provider in Germany, has teamed up with this year’s International ADAC Truck Grand Prix, promising an adrenaline-fueled extravaganza of entertainment. As a primary sponsor, StarGames’ branding will be prominently featured around the historic Nürburgring motorsports complex from the 11th to the 14th of July 2024, including the main stand. The online gaming provider will also host a stand in the festival area, offering fans the chance to spin a wheel of fortune for various special prizes. Attendees of the exclusive area will not only have the opportunity to win prizes but also to meet StarGames’…
Instant Win Gaming (IWG), a prominent provider of eInstant games to NASPL and WLA-member lotteries, has re-launched with the Georgia Lottery Corporation following the successful integration of its InstantRGS (remote game server) with IGT’s iLottery platform. This development strengthens the enduring partnership between IWG and IGT, with the Georgia Lottery, and importantly its players, poised to benefit from IWG’s stream of InstantGames innovations which will complement the eInstant portfolio provided by IGT. IWG’s well-received Cash Expander game marked the inaugural eInstant offering. The Georgia Lottery iteration has been tailored to resonate specifically with Georgia players. The launch with the Georgia…
The Alabama House of Representatives has given the nod to two bills on Thursday, charting the course for an extension of commercial gambling within the state. Sponsored by Rep. Chris Blackshear, Bills HB151 and HB152 await further scrutiny in the state’s upper house. The former, earmarked as a constitutional amendment, necessitates public endorsement and is slated for inclusion on the November ballot. Governor Kay Ivey, whose approval is pivotal, remarked on Thursday that the bills “in their current form” enjoy her backing. “The proposal passed by the House will clean up and crack down on the rampant illegal gambling and…
Lottery.com, based in Austin, has declared a strategic acquisition, the financial intricacies of which remain undisclosed, heralding an immediate rebranding. SportLocker, associated with Saudi Arabia’s burgeoning sports initiatives, had previously outlined plans centred on club acquisitions, sponsorships, and media partnerships, particularly focused on UK football and the US Major Soccer League (MSL). Lottery.com, in a statement, announced its acquisition of S&MI, the proprietor of SportLocker, through a stock-based agreement. This development follows recent disclosures concerning the issuance of 20 million shares, amounting to $100 million, alongside “a substantial expansion” in fundraising, with commitments from both new and existing investors escalating…
The choice to divide came in early 2023, with GiG initiating a strategic review in February. This will result in the GiG Media affiliate and Platform & Sportsbook divisions becoming distinct entities. GiG Media encompasses all media offerings, such as affiliate lead generation services. Platform & Sportsbook includes technical iGaming platforms like Sportnco, acquired in April 2022, along with front-end development and other managed services. Throughout 2023, GiG has been laying the groundwork for the division. This includes making several senior appointments, with Richard Carter appointed as CEO to lead the Platform & Sportsbook business and Jonas Warrer heading GiG…
The latest figures reveal a notable downturn, with a decrease of 8.8% from January 2023. The total revenue amassed amounted to $93.9m from table games and slots, while a lesser sum of $500,221 was attributed to retail sports betting. Overall revenue took a dive compared to the previous month, dropping by 18.8% as per Detroit’s December report. In terms of market dominance, MGM secured 48% of the share in January, with MotorCity claiming 30%, and Hollywood Casino at Greektown holding 22%. When focusing on revenue from table games and slots, there was a decline of 9.1% from January 2023 and…
Pennsylvania-based Penn Entertainment has secured access to the lucrative New York sports betting market through its acquisition of Wynn Interactive’s subsidiary, WSI US, LLC, for $25 million (£19.8 million/€23.3 million). This move grants Penn access to Wynn Resorts’ mobile sports wagering licenses in New York, issued by the State Gaming Commission in 2021. Pending regulatory approval, Penn plans to launch ESPN Bet in New York later this year, following its partnership with ESPN last August. Jay Snowden, CEO of Penn Entertainment, emphasised the significance of this acquisition, stating, “This is an important development that will bring ESPN Bet to the…
Legal action will be initiated against SkyCity on 16th February over alleged breaches of the New Zealand Anti-Money Laundering and Countering Financing of Terrorism Act 2009 by its subsidiary, SkyCity Management Limited (SCML). If the claims made by the department are upheld, SCML could face financial penalties as stipulated by the Act. SkyCity’s potential liability, in accordance with the Act, could amount to NZ$8.0 million (£3.9 million/€4.5 million/US$4.9 million). In a statement, SkyCity confirmed the impending legal proceedings, attributing them to a review of SCML’s adherence to regulatory standards. SCML holds licenses for operating SkyCity’s terrestrial casinos in Auckland, Hamilton,…