Asian gaming giant Melco Resorts and Entertainment has signed a definitive purchase agreement to acquire a 19.99% stake in Australian gaming operator Crown Resorts.
Gaming platform and services provider Nektan has reported a 5.9% year-on-year increase in revenue for the third quarter of its financial year, though noted that performance in the period was impacted by a number of factors.
Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Hong Kong-owned mobile gaming company Playlab has generated $5 million (€4.4 million) in Series B funding through Southeast Asia-focused venture capital firm Monk’s Hill Ventures.
Sports Trading Club Partnership has moved to expand its services by selling 50% of the business to BVI’s Universal Sports Group, which recently rebranded as USG Partner (USGP).
Online casino software provider SkillOnNet has acquired the igaming website JackpotParty.com from Scientific Games subsidiary WMS for an undisclosed amount.
The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.
Gross gaming revenues from mobile are set to reach just over €19bn in 2018, or nearly 45% of total interactive gambling gross win, H2 Gambling Capital report reveals.
Ah, the Christmas season is upon us, so get into the spirit of things with our gift suggestions for your favourite igaming bods. Here's a few we've come up with.
Igaming generated a global gross win of €26.7bn in 2012, an increase of 7,2% on 2011 and is set to record a global gross win of €26.7bn in 2013, industry figures published by IGB data partner H2 Gambling Capital reveal.
