Overview of the Transaction Aristocrat, through its subsidiary Pixel United Holdings Limited, has successfully sold Plarium Global Limited to Modern Times Group for a substantial sum of €820 million. This sale includes a guaranteed payment of $620 million and an additional potential payout of up to $200 million based on future financial performance. Strategic Shifts […]
Online Casino News
Light & Wonder Maintains Growth Momentum with Strong Q3 Performance
Revenue Growth Across All Segments Light & Wonder has delivered another stellar quarter, marking its ninth consecutive period of double-digit revenue growth. The gaming technology giant reported a 12% year-over-year increase in consolidated revenue, reaching $817 million in Q3 2024. Gaming Division Leads Performance The company’s gaming segment emerged as the primary growth driver, with […]
ComeOn Group’s Strategic Leap into Ontario’s Sportsbook Market
ComeOn Group, a notable force in the iGaming industry, has significantly bolstered its position within Ontario’s regulated gaming landscape. Following the recent acquisition of the necessary sportsbook permits, the company is set to double its sportsbook operations in the upcoming years, marking a pivotal expansion of its already thriving online casino platform. Expansion and Regulatory […]
Aristocrat Sells Plarium to MTG for Up to $820 Million in Strategic Shift
A Major Transaction Announced On 12 November 2024, Aristocrat Leisure confirmed a binding agreement to divest its Plarium Global mobile gaming division to the Stockholm-based gaming conglomerate Modern Times Group (MTG) for a consideration of up to $820 million. This deal includes an upfront payment of $620 million, with an additional earn-out of up to […]
Booming Games Expands Presence in Africa with Strategic Hollywoodbets Partnership
Enhancing the Gaming Landscape in South Africa Booming Games, a renowned gaming studio, has broadened its footprint in Africa through a strategic content integration agreement with Hollywoodbets. This collaboration is set to enhance the availability of Booming Games’ comprehensive slot game catalog on Hollywoodbets’ online casino platform, specifically targeting the South African market. Strategic Partnership […]
Season of Change at the Helm: Inspired Entertainment and Entain Welcome New Leadership
In a significant move marking the new year, two major companies in the entertainment and gaming industries have announced pivotal appointments to their executive teams. Inspired Entertainment and Entain are both gearing up for strategic expansions and innovations with these new leaders at the helm. New Financial Leadership at Inspired Entertainment Inspired Entertainment has welcomed […]
Empowering Online Gaming with Real-Time Analytics: SCCG Management and Chata.AI Join Forces
A New Partnership Revolutionizing Data Access in Gaming In an era where data-driven decisions define success, SCCG Management has partnered with Chata.AI to enhance data accessibility and operational insights for the gaming industry. Chata.AI’s self-service analytics platform empowers gaming operators to access data instantly through natural language processing, simplifying complex queries and improving decision-making. This […]
Outsourced: Slash Game – Nolimit City’s New Crash-Style Adventure
Introducing the Ultimate High-Stakes Experience Nolimit City is back with a brand new crash-style game, Outsourced: Slash Game, bringing intense decision-making and pulse-pounding excitement to players worldwide. Known for games that keep players on the edge, Nolimit City continues to innovate with this fresh take on risk-based gameplay, building on successes like xCrash in Skate […]
Germany’s Gambling Regulation: Navigating Legalization, Market Challenges, and Black Market Concerns
Since the implementation of the State Treaty on Gambling in 2021, Germany’s Joint Gambling Authority (GGL) has worked to create a secure and regulated gambling market. At the Gaming in Germany conference, Ronald Benter, GGL board member, presented data illustrating growth in the legal market while emphasizing GGL’s commitment to player protection, fair competition, and […]
USA ELECTIONS UPDATE: Trump Wins and States Reshape the Gambling Landscape
With Donald Trump decisively winning the U.S. presidential election, the early hours brought a burst of excitement to many. Yet, his victory wasn’t the only major decision American voters made. Across the nation, citizens faced numerous high-stakes issues—from Senate and House races to pivotal questions about reproductive rights and, in several key states, decisions about […]
