New York-listed Golden Matrix Group (GMGI) has entered into a definitive agreement to acquire Malta-based betting and gaming operator MeridianBet for approximately $300m.
The deal comprises $70m in cash and 65.3m common shares in Golden Matrix, based on an agreed price of $3.50 per share.
Golden Matrix said that it has been [...]
Shares in Kindred Group slumped by more than 16 per cent in Stockholm Friday after the operator posted lower revenue than expected for the final quarter of 2022, with a historically low gross profit margin and considerable marketing investments having a negative impact on its profitability.
Kindred’s revenue increased by 24 [...]
This week’s games and platform integrations round-up from Gaming Intelligence features the likes of Relax Gaming, Play’n GO, Big Time Gaming, Betsoft Gaming, Wizard Games, Pariplay, Ezugi, Yggdrasil, Lightning Box, Pragmatic Play, SoftSwiss and Endorphina.
Relax Gaming’s Grim the Splitter Dream DropRelax Gaming has released its first slot of the year [...]
London-listed betting and gaming operator 888 Holdings has reported a 3 per cent fall in total revenue to £1.85bn in 2022, with strong growth in retail offset by a 15 per cent decline in online revenue.
In a post-close trading update released Friday (Jan. 13), 888 said that the pro forma [...]
888 Holdings has confirmed that its chief financial officer and executive director Yariv Dafna will step down from his role at the end of March.
Dafna will leave the company following publication of 888’s final results for 2022, with the company’s Board now commencing a search to identify a successor.
“The Board [...]
Mansion Group is withdrawing its Casino.com, MansionCasino.com and SlotsHeaven.com brand from the United Kingdom in order to focus on other markets in Europe and North America.
The closure of Mansion’s online casino brands follows the operator’s decision to shut down its sports betting operations in the UK in March 2022.
“Mansion’s focus [...]
London-listed betting and gaming operator Entain has completed the acquisition of leading Dutch iGaming operator BetCity in a deal which is expected to cost €450m.
Following an announcement last June, Entain has acquired BetEnt (which trades under the BetCity.nl brand) for an initial consideration of €300m, with a balancing payment to [...]
NeoGames-owned sportsbook technology provider BtoBet is set to enter Ontario’s regulated market after securing regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO).
The approval paves the way for BtoBet’s entry in the market, where it will be able to provide its sportsbook technology and services to locally licensed [...]
New York-listed social casino operator DoubleDown Interactive has made its first move into the real-money iGaming sector after agreeing a deal to acquire Malta-based operator SuprNation for $35m.
DoubleDown has entered into a Share Purchase Agreement to acquire SuprNation, which was established in 2015 and operates online casino brands including Duelz, [...]
Sports betting operator Típico USA Technology has gone live in its fourth US state after securing licence approval from the Iowa Racing and Gaming Commission.
The launch in the Hawkeye State further expands Tipico’s US footprint, with the operator’s sportsbook also available in New Jersey, Colorado and Ohio, and its online [...]
Stockholm-listed sportsbook supplier Kambi Group has signed a deal to power a new retail sportsbook in Ohio for Miami Valley Gaming and Racing, a joint venture between Churchill Downs Incorporated and Delaware North.
The multi-year agreement will see the racino utilise Kambi's technology and services to launch a new retail sportsbook, [...]
Regulated gambling revenue in Germany fell below €10bn in 2021, according to the latest annual report by the country’s Joint Gaming Authority (GGL).
Total gambling revenue was €9.37bn in 2021, which was a 7 per cent decline on the previous year, as the German gambling sector continued to be disrupted by [...]