Ex-MGM exec Sibella gets probation, $9,500 fine in money laundering case
Sibella was sentenced late Wednesday afternoon in the US District Court for the Central District of California. The lightly attended event was speedy and without drama. Sibella was found guilty of one...
View ArticleGolden Entertainment dismisses M&A talk after net profit rises in Q1
Revenue for the three months to 31 March hit $174.0m (£139.3m/€161.9m). This is some way behind the $278.1m posted by Golden Entertainment in Q1 last year following a series of asset sales. The first...
View ArticleWidespread segment growth pushes revenue up 12.8% at Light & Wonder in Q1
Revenue during the three months to 31 March was higher across the Gaming, SciPlay and iGaming businesses. As a result, Light & Wonder also reported higher group net profit for Q1. The first...
View ArticleQ1 round-up: Revenue growth for Full House and DoubleDown
The headline figure for both Full House and DoubleDown in Q1 is an increase in revenue. However, when it came to turning a net profit, one proved more successful than the other. Starting with...
View ArticleKSA to fine Sarah Eternal €280,000 a week until it stops unlicensed offering
Sarah Eternal has been offering games of chance on the CasinoSky.com website without holding the necessary licence. If Sarah Eternal fails to halt the violations, the KSA will fine the company three...
View ArticleStake.com sees $100m IPL boost after backing Indian market
Cyprus-headquartered Stake has targeted growth in India just as other operators are distancing themselves from the market due to concerns about the GST flat tax on turnover. The group enabled deposits...
View ArticleFlutter’s Sportsbet appoints Foster as new chief information officer
Foster takes on the new CIO role having worked at Sportsbet for seven and a half years. His previous roles include general manager of enterprise technology and general manager for customer experience...
View ArticleBragg hails “encouraging” strategic review process amid mixed Q1
Revenue was up 49.9% year-on-year at Bragg in Q1. The group referenced organic growth from its existing client base, new customers in multiple jurisdictions and the success of its in-house Wild Streak...
View ArticlePlaytika commits to restructure plan after further earnings drop
In its financial results for the three months to 31 March, Playtika generated revenue of $651.2m. This was down 0.8% year-on-year and up 2.1% on the final quarter of 2023. Last year, revenue at the...
View ArticleEveryMatrix goes live with first exclusive US aggregation partner
The partnership will see Supremeland Gaming, through its US-based game studio Powderkeg, develop exclusive content with EveryMatrix technology. This also enables the latter to distribute its games and...
View ArticleBrazil bettors set to face 15% tax on winnings
The Special Secretariat of Federal Revenue of the ministry of finance published Normative Ordinance No 2,191 in the Official Diary of the Union on Tuesday. The ordinance outlined the tax framework for...
View ArticleB2C decline pushes revenue down 12.5% at GAN in Q1
Q1 was a tale of two segments for GAN, with B2C revenue down 23.4% but B2B revenue rising 8.9%. As B2C is GAN’s primary revenue source, a downturn here inevitably led to an overall decline. GAN was...
View ArticleEndeavor hit by sports data and tech revenue decline in Q1
The group’s Sports Data and Technology business includes OpenBet, acquired in September 2022 for $800.0m. However, the loss of certain data rights at IMG Arena in Q1 led to a drop in revenue within...
View ArticleBrightstar Capital to take PlayAGS private in $1.10bn deal
The PlayAGS board has approved the acquisition and recommended shareholders also vote in favour of the proposed deal. Brightstar invests in industrial, manufacturing and services businesses. Under the...
View ArticleDraftKings to acquire Sports IQ Analytics
Full details of the agreement have not been disclosed, with the acquisition having only been confirmed on LinkedIn by Sports IQ CEO Omer Dor. DraftKings has yet to comment on the news. Based in...
View ArticleFinance round-up: Mohegan’s South Korean revenue boost, SJM profits from...
Mohegan Tribal Gaming Authority achieved record quarterly net revenue but saw earnings drop during the quarter in which its Mohegan Inspire resort opened in South Korea. The group generated net...
View ArticleFanDuel TV launches new streaming channel
FanDuel claims its new free ad-supported streaming television (FAST) channel shows more live sports than any other FAST channel currently out there, making it the “premier destination” for sports fans...
View ArticleBetano goes live in the UK with BVGroup
Betano arrives in the UK having already established its presence in Europe and Latin America. Betano’s move into the UK comes during a year in which it has become an official sponsor of the...
View ArticleInteractive growth fails to halt revenue decline at Inspired in Q1
Revenue for the three months to 31 March hit $63.1m (£50.4m/€58.6m). This is 2.8% lower than the $64.9m Inspired posted in Q1 of last year. As was the case for Inspired during its 2023 full-year, the...
View ArticleMaryland sports handle up almost 50% in April
Maryland saw sports betting revenue rise by 48.1% year-on-year to $486.3m during the month. Retail accounted for $11.3m of handle, with around 98% coming from mobile. The US state recorded hold of...
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