Allied Gaming and Entertainment, the global experimental company formerly known as Allied Esports Entertainment announced Thursday it completed a strategic review of its business. The Benchmark Company, in collaboration with Allied Gaming’s Board of Directors, monitored the review which sought to identify the best approach for further business growth. Allied
The Walt Disney Company revealed a senior-level change on Sunday. The company announced that Bob Chapek, who served as its CEO, has stepped down from his position and is replaced by the company’s former chief executive, Robert Iger. Iger Returns, Chapek Steps Down as Disney CEO Disney revealed that the
The Western Australian government has had enough with the sale of WA TAB after three years of unsuccessful attempts to find a suitable buyer for the state-owned betting agency. ‘Balanced Outcome Cannot Be Achieved’ The government issued a statement this week, notifying the public that plans for the sale of
At the end of June, experiential asset real estate investment trust VICI Properties announced strong total revenue growth during Q2 2022, along with a drop in its net income. Now, the company has expressed its intention to raise $509.9 million by making an underwritten public offering of 16.5 million shares.
Casino and online gaming operator Bally’s announced Thursday its financial results for the third quarter ended on September 30, which showed revenue of $578.2 million, up 4.7% from Q2 and 83.7% above Y-o-Y; and a net income of $0.6 million. The company also reported an Adjusted EBITDA for the period
Gaming and hospitality giant Caesars Entertainment has halted its plans to sell one of its Las Vegas Strip properties. Executives announced the decision in a call with investors, in which the company announced its third-quarter results. For the period ended September 30, the firm improved its revenue compared to the
Sports betting expansion is, in essence, online gambling expansion. So talk of a FanDuel online casino should surprise absolutely no one. After all, the company had been at the forefront when it comes to mobile sports bets, so this would seem to be a natural evolution. In fact, the sportsbook
The Independent Betting Adjudicating Service (IBAS), an Alternative Dispute Resolution (ADR) service within the UK gambling industry adjudicating disputes between licensed gambling operators and their customers since 1998, is seeking to become the new Gambling Ombudsman. ‘Experience, Expertise and Commitment’ The ambitious plan to take the role of the new