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Flutter Entertainment reveals majority stake in Indian online rummy operator

Gaming and betting operator Flutter Entertainment has set its sights on the Indian online gaming market with the acquisition of a majority stake in Junglee Games.

Junglee operates a range of skill-based games through brands which include Junglee Rummy, Eatme.io, Junglee Teen Patti, and Howzat.

The company is one of the top [...]

1 min read
SciPlay

SciPlay lauds record year as 2020 revenue reaches $582.2m

New York-listed social casino operator SciPlay has posted record results for 2020 as revenue increased by 25 per cent to $582.2m.

The operator benefited from a strong performance during the final quarter of the year as revenue climbed 30 per cent year-on-year to $147.1m, with mobile contributing 87 per cent of [...]

1 min read
Scientific Games

Pandemic pushes Scientific Games’ full year revenue down to $2.72bn

New York-listed Scientific Games has posted a 20 per cent fall in total revenue to $2.72bn in 2020, as the COVID-19 pandemic impacted its core Gaming business.

The company’s full year revenue declined as COVID-19 restrictions impacted casinos globally, with the contraction in revenue from its Gaming division offsetting growth within [...]

1 min read
Gaming Intelligence US Regulatory Bulletin

Gaming Intelligence US Regulatory Bulletin – February 2021

New York negotiations continue as eight more states introduce bills

New York was the headline news during January and continues to be the most likely new state to legislate for sports betting in the foreseeable future.

The Governor and lawmakers are locked in negotiations as the latter seek to bring Governor Cuomo [...]

1 min read

Playtika grows revenue to $2.37bn in 2020

New York-listed social gaming operator Playtika has seen annual revenue surpass $2bn for the first time following a 26 per cent year-on-year increase to $2.37bn in 2020.

The operator enjoyed a strong end to the year as revenue climbed 17 per cent to $573.5m in Q4, benefiting from strong performances from [...]

1 min read

Social casino operator Playstudios to go public in $1.1bn SPAC deal

Social casino operator Playstudios has entered into a definitive merger agreement with special purpose acquisition company Acies Acquisition Corp to become a publicly listed company.

The transaction implies an enterprise valuation of $1.1bn for Playstudios, which operates the MyVegas slots app and offers real-world rewards to players from a collection of [...]

4 mins read
GAN

GAN to launch new social casino for Seneca Gaming

Gaming technology supplier GAN has entered into a definitive agreement to provide a new social casino to New York-based casino operator Seneca Gaming Corporation (SGC).

The deal will see GAN replace SGC’s existing play-for-fun casino with its Simulated Gaming solution and includes marketing and customer support services.

“We are very excited about [...]

2 mins read
Playtech

Playtech shares hit 52-week high as 2020 adjusted EBITDA tops €300m

London-listed gaming technology provider Playtech expects to post adjusted EBITDA of at least €300m for 2020, driven by significant strategic and operational progress made during the year.

Despite the impact of the COVID-19 pandemic, the company benefited from strong performances during the first half of the year from its Financials division, [...]

1 min read

Gaming shares prove resilient in 2020

In a year of unprecedented turmoil and uncertainty, the gambling industry provided a boon to shareholders as the 50 publicly-listed operators and suppliers which make up the Gaming Intelligence Stock Index saw their combined share prices increase by more than 61 per cent.

While it was a tumultuous start to the [...]

1 min read

Social gaming giant Playtika files for New York IPO

Social gaming giant Playtika has confirmed long-awaited plans to become a publicly listed company on the Nasdaq stock exchange in New York.

Playtika has filed a registration statement with the US Securities and Exchange Commission relating to the proposed initial public offering on the Nasdaq Global Select Market under the symbol [...]

1 min read
Gaming Intelligence Hot 50

The Gaming Intelligence Hot 50 2021 to be revealed on Monday

Our festive celebration of the most talented, innovative and inspiring people working in iGaming kicks off on Monday, when the first category of the Gaming Intelligence Hot 50 2021 will be revealed.

Starting Monday, we will reveal a category each day for the next two weeks, taking us all the way [...]

2 mins read

All-In Diversity Project’s 2nd annual study sees rise in female execs

The All-In Diversity Project (AIDP) has released its second annual study on the betting and gaming sector’s workforce, seeing a boost in female executives but a drop in board representation.

Developed in partnership with the Centre for Diversity Policy Research and Practice at Oxford Brookes University, the All-Index 2019 has been [...]

3 mins read
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