Sharp Alpha closes $25m venture capital fund
Fund II invests in emerging sports, gaming and entertainment companies. It has invested in Almost Friday Media, Jackpot.com and Betcha. Its first investment from Fund II was C15 Studio, which operates...
View ArticlePlayAGS shareholder Emmett Investment opposes Brightstar take-private deal
Last week, PlayAGS announced it had signed an agreement to be acquired by affiliates of the private equity firm Brightstar. The deal will be worth $1.1bn (£877.3m/€1.02bn) if completed. PlayAGS...
View ArticleLoterj approves operator licence for Rio Jogo
Ahead of the launch of the regulated sports betting and igaming market in Brazil, operators are making steps to secure licences, with Rio Jogo now doing so thanks to an approval in the Loterj...
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Ohtani’s ex-interpreter pleads not guilty as part of deal; plans to change...
Mizuhara, the ex-interpreter for LA Dodgers star Shohei Ohtani, faces up to 33 years in prison and $1.25m in fines. He agreed last week to plead guilty to one count of bank fraud and one count of...
View ArticleYggdrasil exodus continues as Smolarek exits as CTO
Smolarek only took on the CTO role at Yggdrasil in January last year. However, writing on his LinkedIn page, he revealed that he has now left the provider. An experienced professional, Smolarek worked...
View ArticleRaketech misses Q1 targets despite revenue growth
Revenue for the three months to 31 March hit €19.0m (£16.3m/$20.6m), up 20.1% from Q1 last year. This, Raketech said, was driven by growth within its sub-affiliation offering, with revenue here...
View ArticleMaine sports betting revenue bounces back despite handle dip in April
Adjusted gross receipts from sports betting in April was comfortably higher than $2.7m in March. Incidentally, March’s total was the lowest monthly amount since Maine launched legal sports wagering in...
View ArticleCodere Q1 revenues down amid Mexico and Argentina headwinds
Codere’s Q1 revenue fell far short of the €363.1m in revenue Codere accumulated in Q1 2023. The group’s adjusted EBITDA for Q1 also fell, dropping 26.6% from €64.4m to €47.3m. Consolidated net...
View ArticleASA upholds complaint against Festival Free Bets
The advertisement posted by the under-25 Wett was seen on X (formerly Twitter) on 12 March 2024. It featured a picture of Wett at Cheltenham racecourse. The complaint questioned whether the ad...
View ArticleBet-at-home Q1 gross revenue slides 11.7% due to core market developments
Bet-at-home said that it had been affected by the introduction of cross-product and cross-provider monthly betting restrictions in Germany. These took effect in 2022. It also said it had been affected...
View ArticleScout CEO demands profitability push after posting Q1 net loss
Revenue for the three months to 31 March was SEK8.0m (£587,944/€685,048). This is 23.1% higher than the SEK6.5m Scout reported in Q1 of last year. Scout posted growth across both its B2B and B2C...
View ArticleDetroit casino revenue dips to $109.4m in April
Total Detroit casino revenue for April amounted to $109.4m (£86.8m/€101.0m). This is only marginally lower than $109.7m in April 2023 but 11.7% less than $123.9m in March this year. Of this total,...
View ArticleSportradar reports Q1 loss despite revenue and EBITDA growth
Sportradar posted Q1 revenues of €265.9m, up 28.1% on the €207.6m generated in the same quarter last year. Meanwhile, adjusted EBITDA reached €47.2m, a 28.6% increase on the €36.7m accumulated in Q1...
View ArticleHard Rock shutting down The Mirage in July for renovations
The final day for hotel occupancy will be 14 July. The Mirage’s well-known volcano is set for destruction, though no date has been announced. While HRI is shutting down The Mirage during the...
View ArticleAristocrat hails “outstanding” H1 amid revenue and earnings growth
For the six months to 31 March, revenue at Aristocrat hit AU$3.27bn (£1.72bn/€2.01bn/US$2.19bn). This is 6.1% higher than in H1 last year, helped by growth in all core segments. Ahead of posting the...
View ArticleMassachusetts sports betting revenue down 16.6% in April
Revenue was $9.8m lower than the $58.9m posted in the same month last year. Incidentally, April 2023 was the first full month of legal online sports betting in Massachusetts. However, the April...
View ArticleShort on votes, Minnesota’s house punts legal sports betting to Friday
Two sources told iGB that bill sponsor Zack Stephenson is short on votes to pass the bill. Earlier this month, Stephenson folded the wagering bill into one that would ban historical horse racing (HHR)...
View ArticleFL Entertainment completes Banijay rebrand after Q1 growth
The Banijay name is not a new concept for the group. In May 2022, Betclic announced it was to go public with television production business Banijay to create FL Entertainment. Switching to the Banijay...
View ArticleNetherlands coalition agreement proposes increased gambling tax of 37.8%
As reported by CasinoNieuws.nl, the budgetary appendix to the agreement stated gambling tax in the Netherlands would be altered from 30.5% to 37.8% should the agreement become implemented. The state...
View ArticleBuzz Bingo relocates digital business as Merkur club acquisitions talks continue
The Gibraltar move, Buzz Bingo says, will offer several strategic advantages to the business. These include greater proximity to its key suppliers and a platform to pursue international opportunities....
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