Author: David Randall

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,…

Red Bull team principal Christian Horner’s future at the team is likely to come to an end prior to the 2024 F1 season kicking off, according to bookmakers’ odds. An analysis of bookmakers’ odds by My Betting Edge has found that the average odds for Horner to be fired are 4/11, meaning that bookmakers believe there is a 73.3% chance that the Red Bull team principal will lose his job in the coming weeks. Horner’s future at the team has been thrown into doubt following Red Bull launching an investigation into “inappropriate” conduct by the Briton following a complaint lodged…

In 2023, Kindred experienced overall growth in both its B2C and B2B sectors, marking it as a positive year for the group. Despite this progress, challenges arose, notably the decision to exit the North American market, announced in November. The strategic review initiated in April led to this decision, alongside plans to reduce 300 jobs globally, including in North America. As part of the review, Kindred hinted at a potential sale, which advanced with French gaming company La Française des Jeux (FDJ) submitting a bid of SEK27.96bn to acquire all outstanding shares. Kindred has recommended shareholders accept this offer, with…

Better Collective, a prominent player in the digital sports media landscape, recently finalized its acquisition of Playmaker Capital in a deal valued at €176m (£150m/$189m). Initially announced in November, the agreement was projected to conclude within the first quarter of the current year. Playmaker Capital, listed on both the TSX Venture Exchange in Canada and the OTCQX in the US, boasts a portfolio of media brands including Futbolsites.net, Yardbarker, and The Nation Network. With this acquisition, Better Collective asserts its dominance in the South American market while fortifying its foothold in North America. Expressing enthusiasm for the merger, Better Collective’s…

Iowa residents can now access the Fanatics Sportsbook mobile app to place bets, marking the latest development in the state’s expanding sports betting market. Existing PointsBet customers will seamlessly transition to the Fanatics platform, with their credentials and account details, including username, password, balance, rewards points, and responsible gaming settings, automatically migrating. Furthermore, the PointsBet retail sportsbook at Catfish Bend Casino will be rebranded as the Fanatics Sportsbook, accompanied by the installation of new self-service betting kiosks provided by Suzohapp. This move comes as part of FBG’s strategy to phase out the PointsBet brand across the United States following its…