BetMGM, the US joint venture of Entain Plc and MGM Resorts, states that it is ‘accelerating momentum’ in executing its technology roadmap to enhance its products and customer experiences. Publishing its H1 results, BetMGM generated net revenues of $1bn, up 6% on 2023 comparatives. Period growth reflects a 16% increase in Q2 sports betting and an 18% YoY increase in …
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EBET Inc has entered foreclosure procedures, which will see its assets put up for sale to repay debt owed to creditors. The sale of assets follows EBET defaulting on payments of its corporate debt, which stands at $37m as of June 2024. Last October, EBET common shares were terminated from the Nasdaq Capital Market and moved to the OTC Pink …
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The leadership of GAN has come under fire from Jan Svendsen over the management of its Coolbet sportsbook subsidiary and further corporate matters. In a LinkedIn post titled ‘GAN needs new leadership’, Coolbet Founder Svendsen lambasted GAN Chief Executive Dermot Smurfit’s management of the company, its staff, key contracts and assets. Svendsen, who sold Coolbet to GAN in 2021 for …
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Esports Technologies Inc has continued its strategic expansion by announcing the opening of a ‘state-of-the-art’ office in Malta, supporting the Nasdaq group’s European growth plans. The Malta office will house the majority of Esports Technologies’ staff that directly support its European igaming operations and work closely with the Esports Technologies technology hub located in Dublin. The firm’s new Malta office …
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Esports Technologies has joined the anti-corruption charter led by the Esports Integrity Commission (ESIC), which aims to eliminate match-fixing and corruption from all levels of professional esports. Las Vegas-based Esports Technologies is one of the fastest-growing suppliers of esports-customised wagering platforms, data API feeds and odds/risk management solutions. Last April, it became the first dedicated esports wagering systems provider to …
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Since it was founded in 1994, Fonbet has grown from a company of three people to one of the largest players in the Russian betting market; gone are the days when it was using handwritten odds faxed in from Las Vegas as the main source of pre-match markets. Nearly 27 years on, Fonbet director general Alexander Paramonov helped us to …
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SBC has launched a new video podcast featuring Entain Plc’s Senior Vice President for American Regulatory Affairs and Responsible Gambling Martin Lycka as he looks closely at the way the industry is approaching player protection and social responsibility. Martin Lycka’s ‘Safe Bet Show‘ will see leading figures from the gambling industry placed in the hot seat as Lycka quizzes them …
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It is fair to say that the move which saw US states begin to legalise gambling within their boundaries is the biggest move the industry has seen for many years, writes Bettor Media‘s Jack Holmes. Everyone is looking to take a slice of the pie, and when you think how many people live in the US, how many sports fans …
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Just yesterday, customer activation software provider Wiraya announced a long-term partnership with customer experience marketing agency A GAME ABOVE. Writing exclusively for SBC News, the CEOs of both businesses discuss the journey to making customers believe in their offering across all stages of the lifecycle, and how they plan to promote the value benefits for consumers, client brands and product …
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Barry Cottle, President and Group CEO of Scientific Games Corporation (SGC), has this morning issued a personal statement on the firm’s contingency planning and workforce actions to counter global COVID-19 impacts. Cottle has confirmed that SGC will implement a series of cost-savings measures seeking to secure long-term company jobs as it reduces workforce hours. Drastic actions have seen the firm’s …
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