Gambling Clear News
The Malta Gaming Authority (MGA) has announced the appointment of Charles Mizzi as its new chief executive, with effect from next month. Mizzi will officially begin his new role as CEO at the Malta regulator on 26 January. He will replace Charles Brincat, who is stepping down after two years at the helm. He joins the MGA
Lottery technology broker Lottery.com has announced a new senior leadership team, with Matthew McGahan taking on the role of CEO. McGahan becomes CEO on permanent basis having served in the role in the interim since July 2023. This followed the departure of Mark Gustavson after only taking the position in February at Lottery.com. McGahan joined Lottery.com as chair in October last
Fitch Ratings forecasts global gaming outlook for 2024 as “neutral”, citing pullback in certain US markets and potential stagnation in Europe. A new report from Fitch Ratings forecasts the global gaming outlook for 2024 as “neutral”. It is the second straight year Fitch has selected a “neutral” view for its gaming outlook. Fitch cited “slight
Scout Gaming Group said it remains focused on efforts to make the business profitable after a reduction in costs allowed it to slash its net loss during Q3. Revenue was slightly down year-on-year in Q3 at Scout, but a reduction in spending helped its bottom line. Scout said this improved its year-to-date performance, allowing it
Chris Rogers, chief strategy officer at Penn Entertainment, has outlined how Penn and ESPN will operate the highly-anticipated ESPN Bet in Massachusetts. Rogers presented the operating plan during a public meeting of the Massachusetts Gaming Commission (MGC) on 7 November. The meeting was held to review Penn Entertainment’s divesture of Barstool and its $1.5bn deal
Better Collective has acquired Playmaker Capital for a total price of €176m (£153m/$188m) with an expected close in Q1 2024. According to Better Collective, the deal will make it the market leader in South America and “enhance North American leadership”. In financing the purchase, Better Collective will be using shares for 65% and 35% cash.
Light & Wonder has entered into an exclusive distribution agreement with slot developer Spribe, through which it will distribute Spribe’s games across the US. The deal will see Spribe’s slots titles made available to players in the US. These include Aviator and its Turbo Games portfolio, The news comes after Light & Wonder launched its
Real Luck Group, the company behind the Luckbox brand, has revealed plans to restructure its operations after a proposed merger agreement was withdrawn. The operator last month signed a letter of intent (LOI) for a possible merger or acquisition. At the time, Real Luck said this had the potential to ensure its immediate prospects and to fund
Playtech has confirmed it has opened talks over the potential acquisition of Italian-facing operator SKS365 Malta Holdings. News broke this morning that Playtech and Flutter have lodged bids for SKS365, the operator behind PlanetWin. The brand has a presence across both the online and land-based markets in Italy. According to Sky News, sources close to the
The Copenhagen-based affiliate has announced the acquisition of Tipsbladet.dk in line with its strategy to become the leading digital sports media group. Better Collective is purchasing Tipsbladet for €6.5m (£5.59m/$6.94m) on a cash and debt-free basis. The affiliate will finance the figure with cash and pay it in three installments. Better Collective estimates that the
