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SciPlay names Jim Bombassei as CFO

New York-listed social gaming operator SciPlay has appointed Jim Bombassei as chief financial officer.

Bombassei will assume the role of CFO and company secretary on December 1, 2022, having served as executive vice president of investor relations at parent company Light & Wonder since January 2021.

“SciPlay’s objective is to become the [...]

2 mins read

Aristocrat Gaming appoints first chief innovation officer

Aristocrat Gaming has appointed veteran game designer Joe Kaminkow to the newly created role of chief innovation officer.

The appointment extends Kaminkow's long association with Aristocrat Gaming, dating back to his initial appointment as senior vice president of game development in 2013.

In his new role, Kaminkow will help drive innovation across [...]

2 mins read

Australia launches online gambling inquiry

The Australian government has launched an inquiry into online gambling and its impacts on people with gambling problems.

The House of Representatives Standing Committee on Social Policy and Legal Affairs will examine a number of issues, including the effectiveness of existing consumer protections aimed at reducing online problem gambling, the definition [...]

1 min read

Ainsworth swings to profit as full year revenue climbs 38%

Australian gaming supplier Ainsworth Game Technology (AGT) has posted net profit of AUD$11.8m for the financial year ended 30 June 2022, after an improved performance following the impact of the pandemic on the prior year period.

AGT delivered a solid performance in the second half of the year due to improved [...]

1 min read

Light & Wonder seeks new CEO as Barry Cottle steps down

New York-listed gaming supplier Light & Wonder is looking for a new chief executive after confirming the departure of Barry Cottle as president and CEO.

Cottle has served as CEO of Light & Wonder (formerly Scientific Games) since June 2018, with the company announcing Tuesday that he has now stepped down [...]

3 mins read

IGT and DoubleDown Interactive agree $415m settlement

International Game Technology (IGT) has reached a preliminary agreement to settle a class action lawsuit against the company and its former social gaming subsidiary DoubleDown Interactive.

The case dates back to April 2018, when the US Court of Appeals for the ninth circuit ruled that free-to-play social casino games constitute illegal [...]

1 min read

PlayAGS rejects non-binding $370m acquisition bid

Shares in PlayAGS soared by more than 25 per cent in New York Friday after the gaming supplier confirmed that a $370m acquisition bid has been rejected by the company’s board of directors.

PlayAGS confirmed that it has received a non-binding indication of interest to acquire the company after Reuters reported [...]

1 min read
SciPlay

SciPlay revenue climbs to $160.1m after solid Q2 performance

New York-listed SciPlay Corporation has reported a 4 per cent increase in revenue to $160.1m for the second quarter of 2022, benefiting from strong growth in social casino and a full quarter’s contribution from newly acquired casual games developer Alictus.

The year-on-year growth in social casino was driven by a second [...]

1 min read

BetMGM becomes official sportsbook partner of the NFL in Canada

US sports betting and iGaming operator BetMGM has been named as an official sportsbook partner in Canada for the National Football League (NFL).

The multi-year deal with enable BetMGM to use official NFL marks in Canada and advertise on NFL-operated digital platforms throughout the region, having signed up as an approved [...]

2 mins read
Gambling Commission

Gambling Commission confirms Andrew Rhodes as permanent CEO

Britain’s Gambling Commission has confirmed the permanent appointment of Andrew Rhodes as chief executive.

Rhodes has served as interim chief executive since joining the Commission in June 2021, originally for an 18-month period, having held a number of senior roles at private and public sector organisations including Swansea University, the Department [...]

1 min read

Aristocrat profits from first half revenue growth

Sydney-listed gaming supplier Aristocrat Leisure has reported a 23 per cent increase in revenue to AUD$2.7bn for the six-month period ended 31 March, as it prepares to expand its real-money iGaming operations.

The company said the year-on-year growth was achieved despite mixed operating conditions and challenges, including the outbreak of hostilities [...]

1 min read

Light & Wonder sets outs ambitious growth plans

Shares in gaming supplier Light & Wonder gained 9.37 per cent Tuesday after the company revealed its financial targets through to 2025.

L&W is aiming to grow consolidated Adjusted EBITDA to $1.4bn in 2025, representing a compounded annual growth rate of 15 per cent, with a targeted net debt leverage ratio [...]

1 min read
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