Novomatic’s interactive division Greentube has secured a landmark deal to supply the state-owned National Lottery in Luxembourg with its omni-channel solution.
Following an extensive public procurement process, the supplier has signed a seven-year deal with Loterie Nationale Luxembourg, with an option to extend the contract for a further five years.
The agreement [...]
New York-listed casino operator Wynn Resorts has reported a 24 per cent drop in operating revenue to $725.8m in the first quarter of 2021.
The year-on-year revenue decline improved compared to the company’s previous Covid-impacted quarters, with revenue from Wynn Palace in Macau down by 8.5 per cent at $237.3m and [...]
International Game Technology (IGT) has completed the sale of its Italian consumer facing businesses to Gamenet Group, a subsidiary of funds managed by an affiliate of Apollo Global Management.
Gamenet has acquired 100 per cent of the share capital of Lottomatica Videolot Rete and Lottomatica Scommesse, which operate B2C gaming machines, [...]
New York-listed gaming supplier Inspired Entertainment has posted a 56 per cent drop in revenue to $22.8m in the first quarter of 2021, as Covid-19 restrictions continued to negatively impact its land-based businesses.
With the company’s global land-based businesses almost entirely closed for the quarter due to the ongoing pandemic, Gaming [...]
Wynn Resorts will spin off its interactive division through a business combination with New York-listed special purpose acquisition company (SPAC) Austerlitz Acquisition Corporation I.
Wynn Resorts has entered into a definitive agreement under which Austerlitz I will combine with and rename as Wynn Interactive, with its stock trading on Nasdaq under [...]
New York-listed Bally’s Corporation has reported a 76 per cent increase in first quarter revenue to $192.3m, buoyed by growth across all revenue segments except for Racing.
The strongest year-on-year growth came from the Gaming division, where revenue doubled to $152.9m from $75.8m in Q1 2020, driven by a loosening of [...]
Ardent Group’s online gaming division Gaming1 has appointed Ricardo Viana to the newly created role of chief creative officer.
Viana joins Gaming1 from Play’n GO where he served as creative director for the past two and a half years, overseeing the supplier’s development pipeline.
As chief creative officer, he will take charge [...]
Scientific Games grew first quarter revenue by 0.6 per cent to $729m, despite the continued impact of Covid-19 restrictions on its land-based gaming business.
The company benefited from double-digit growth from its Lottery, SciPlay and Digital businesses during the first quarter of 2021, which offset a 23 per cent decline in [...]
Sydney-listed casino operator Crown Resorts has appointed Steve McCann as its new chief executive and managing director, as the company weighs up several offers to acquire the business.
McCann is an experienced global executive with an acute understanding of the Australian corporate and regulatory environment after a 25-year executive career. He [...]
Australian casino operator Star Entertainment Group has submitted a non-binding proposal to merge with rival operator Crown Resorts to create a potential AUD$12bn gaming giant.
The indicative proposal would see Star Entertainment merge with Crown at a nil-premium share exchange ratio of 2.68 Star shares per Crown share.
Based on recent trading [...]
London-listed Gaming Realms has expanded its licensing portfolio through a new partnership with Pragmatic Play.
The deal announced Monday will enable Gaming Realms to create new Slingo-branded games based on Pragmatic Play IP, including Slingo versions of popular Pragmatic titles Sweet Bonanza and Wolf Gold.
“This licensing partnership with Pragmatic Play opens [...]
New York-listed sports betting and fantasy sports operator DraftKings has reported a 253 per cent increase in revenue to $312m for the first quarter of 2021.
Revenue from the company’s B2C business rose 217 per cent year-on-year to $280.8m, while revenue from its SBTech gaming software division amounted to $31.4m during [...]