DraftKings Reports Decreased Q3 Losses, But Shares Plunge Due to Concerning 2023 Projections in the Finance Market
The Revenue Breakdown: Category Percentage Sales 40% Investments 30% Interest Income 20% Other Sources 10% In the finance sector, B2C operations emerged as the foremost contributor to revenue, amounting to…
Star Casino Games in Queensland – Show Cause Notices Presented
The Star casino has received show cause notices after the recent Gotterson Review, which found institutional failings and deemed the casino "unsuitable" to hold its license. The notices require Star…
Revolutionizing Technology: FSB takes the lead with pioneering WLA partnership in Slovakia
Sports betting and igaming service provider FSB has entered the Slovakian market through a supply deal with SZRT Slovakia. This marks FSB's first venture in Slovakia and its first partnership…
IGT Extends Rhode Island Lottery Partnership for 20 Years
The gaming technology group, IGT Global Solutions Corporation, will continue to provide its solutions and services in the lottery sector. As part of the deal, it will maintain 1,100 jobs…
Esports Entertainment experiences significant growth and success in early 2022
The esports company recently experienced positive financial results after announcing net losses of $35 million for the first half of its financial year. This was followed by a revelation that…
Parimatch Tech’s Strategic Move: Withdrawing Brand from Russia Amid Ukraine Invasion
Betring LLC has been operating the Parimatch brand in Russia under a 2016 agreement with Parimatch Tech. The agreement granted Betring all rights to use the Parimatch trademark in the…
Meet Joni Oinonen, the New Chief Marketing Officer of CashMagnet
Joni Oinonen brings over 10 years of industry experience, including senior SEO and marketing roles at GiG and Global Gaming Group.Prior to joining CashMagnet, Oinonen served as COO at Mediainvesting…
OPAP Announces Appointment of Ilias Katsaros as Chief Retail Officer
Katsaros, with 20 years of industry experience, is joining OPAP's top management team. He has held senior roles in commercial functions across the USA, Greece, and Germany. Prior to OPAP,…
New Bill Proposes Raising US Casino Slot Tax Threshold to $5,000
Introduced on 3 March, House Bill 6937 has been passed to the House Committee on Ways and Means. The sponsors aim to amend a law from 1977 to address the…
DraftKings Raises Adjusted Long-Term EBITDA to $2.1 Billion
DraftKings announced an increase in their adjusted EBITDA projection for 2021. The projection rose by 23.5% from $1.7bn to $2.1bn. Despite experiencing a net loss of $1.52bn, DraftKings saw significant…
