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IGT

IGT names Gil Rotem as president of iGaming

New York-listed gaming supplier International Game Technology (IGT) has appointed former bet365 executive Gil Rotem as president of iGaming.

Rotem will be responsible for ensuring the ongoing development and global expansion of the IGT PlayCasino business, which includes iGaming, poker and bingo, reporting into IGT CEO Digital & Betting Enrico Drago.

“The [...]

2 mins read

Gambling.com and Playtech lead share price growth in October

Shareholders in Gambling.com and Playtech were the big winners as their shares rocketed to the top of the Gaming Intelligence Stock List in October 2021.

While the leading publicly-listed gaming operators and suppliers saw the combined value of their shares decline by 2 per cent in October, Gambling.com’s shares rose by [...]

1 min read
Playtech

Aristocrat sees competition as Gopher eyes Playtech bid

London-listed gaming supplier Playtech could find itself in the middle of another bidding war after confirming that it has received a preliminary approach from shareholder Gopher Investments.

Playtech was approached by Gopher in late October regarding a possible offer for the company, less than one week after Playtech announced a £2.7bn [...]

1 min read

New research finds no link between game features and problem gambling

Groundbreaking new research into links between slots gameplay and safer gambling has concluded that there is no statistically significant correlation between player markers of harm and the experience that different games provide.

Data science company Future Anthem analysed 36m playing sessions at Gamesys to look for links between volatility, hit rate [...]

1 min read

Colombian gambling market continues growth into September

Colombia's regulated gambling market grew total sales to COL$31.42tn (€7.2bn) between January and September 2021, according to latest figures from regulator Coljuegos.

Total sales for the first nine months of the year were 131 per cent higher than the Covid-impacted period last year, with sales at land-based casinos and bingo halls [...]

1 min read
Bally's Corp

Bally’s Corporation acquires UX specialist Degree 53

New York-listed gaming operator Bally's Corporation has acquired UK-based front-end development agency Degree 53 for an undisclosed amount.

The acquisition of the user experience (UX) design and software development specialist will enable Bally’s to enhance its omni-channel offering, providing key functionality to integrate Gamesys' player account management and iGaming solution, in [...]

3 mins read
Kindred

Kindred Group grows third quarter revenue despite sportsbook decline

Stockholm-listed betting and gaming operator Kindred Group has reported a 6 per cent increase in gross winnings revenue to £298.4m in the third quarter of 2021, with growth in casino and games offsetting a decline in sports betting.

Sports betting revenue fell by 4 per cent compared to a very strong [...]

1 min read
Entain

DraftKings and Entain to continue acquisition talks

Entain has asked DraftKings to provide clarity on a number of matters that will affect the mooted acquisition of the London-listed betting and gaming operator.

The board of Entain say that following initial discussions with DraftKings, they require “a number of matters to be satisfactorily resolved that are fundamental to the [...]

1 min read
888 Holdings

Online casino leads 888 to third quarter revenue growth

London-listed online betting and gaming operator 888 Holdings has reported a 7 per cent increase in total revenue to US$229.9m in the third quarter of 2021, despite a decline in B2C sports betting revenue.

The year-on-year revenue growth was driven by continued expansion in regulated markets, with B2C Gaming revenue climbing [...]

1 min read
Playtech

Aristocrat makes all cash bid to acquire Playtech

Sydney-listed gaming supplier Aristocrat has made a £2.7bn bid to acquire London-listed iGaming technology supplier Playtech.

Aristocrat is offering to acquire the business for 680 pence per share in cash, valuing the business at £2.1bn on a fully diluted basis and an enterprise value of £2.7bn. This represents a 58.4 per [...]

1 min read
Lithuania

Lithuania approves law authorising standalone remote gambling licenses

Gambling operators will be allowed to apply for online-only licenses from next year under legislation approved by the parliament of Lithuania Thursday.

Lawmakers approved bills to amend the minimum capital requirement for online gaming operators and to set new one-time licensing fees, as well as changes to land-based regulations to give [...]

1 min read

Rank Group sees signs of recovery in retail

London-listed gaming operator Rank Group has reported a 69 per cent increase in revenue to £163.1m for its fiscal first quarter ended 30 September.

With the comparable period last year affected by covid-related retail closures, Rank’s Grosvenor venues segment saw like-for-like net gaming revenue (NGR) climb by 209 per cent year-on-year [...]

1 min read
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