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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 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

Latin America drives record first quarter for GAN

New York-listed gaming supplier and operator GAN has reported a 38 per cent increase in revenue to a record $37.5m for the first quarter of 2022.

The year-on-year revenue growth was driven by a 71 per cent increase in B2C revenue from Coolbet, while B2B revenue climbed 2 per cent to [...]

1 min read

Light & Wonder sees revenue climb 26 per cent in Q1

New York-listed gaming supplier Light & Wonder has reported revenue growth of 26 per cent to $572.0m in the first quarter of 2022 following the divestment of its Scientific Games lottery business.

Revenue from continuing operations climbed to $572.0m from $453.0m a year ago, driven by growth across its Gaming, Sciplay, [...]

1 min read

SciPlay Board elects three new Directors

New York-listed social gaming operator SciPlay has appointed April Henry, Charles Prober and Constance P. James to its board of directors.

Henry has over two decades of experience advising global corporations across the technology industry and is founder and managing partner of Hawkeye Digital, a strategic consulting firm. She also serves [...]

1 min read

SciPlay brings in Nick Earl as new board member

New York-listed social gaming and casual gaming operator SciPlay Corporation has appointed former Glu Mobile CEO Nick Earl to its board of directors.

With significant experience in the casual gaming sector, Earl most recently served as CEO of Glu Mobile, developer of popular mobile games such as Design Home and Kim [...]

2 mins read
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