Daily News: MGM Resorts buys Entain, STS Group is leaving the UK and more
MGM Resorts in talks to buy Entain
The deal has not been finalized yet. A specific deal will come after the UK adopts a new law on gambling, because. it can affect the final value of the holding.
Entain currently has a market capital of £8.9bn.
In 2021, MGM Resorts already tried to buy the company for £8.1 billion, but the offer was rejected.
Nueva Codere lost $805,000 after a cyberattack
Due to the vulnerability of internal systems, hackers gained access to corporate mail. On behalf of Codere Online, they sent invoices for payment to the company's suppliers.
Codere also confirmed that their cybersecurity systems were unable to stop the attack.
This is the second cyberattack on Codere: the first one took place in 2020, when the data of 64,000 online clients leaked to the network.
From December to January 2023, Google Play blocked a record number of gambling apps
If earlier the patency Google Play quarterly purges was 50-90%, now it has decreased to 20%. In addition, the moderation process has become more complicated, but many new services have entered the market.
Experts do not give an unambiguous assessment of what is happening. The purge can either end within a week and a half, or lead to major changes in the market.
STS Group leaves UK and Estonian markets
The operator decided to focus on Poland despite record revenues in 2022. Volume for the year increased by 4.2% to €979.3 million. Revenues also increased by 9.2% mainly due to strong performance in Q4.
STS have entered into a new agreement with the Polish Football Association and look forward to growing profits.
It also became known that the STS Affiliates brands: STSBet.com and STSBet.co.uk have stopped accepting new players since January 16th.
888 Holdings revenue for 2022 falls 3% to £1.85bn
Due to this news, the financial director leaves the company. Online vertical revenue down 15% year-on-year to £1.33bn.
The fall was also observed in Q4: by 5% to £326m compared to the same period in 2021.
The decrease in revenue is attributed to increased security measures for online players in the UK and the closure of 888 brands in the Netherlands.
MegaPari is among the nominees again! This time the company was awarded in the Northern European region with a nomination for the EGR NORDICS AWARDS 2023.
The popular online gambling and betting platform MegaPari has been shortlisted for one of the most famous awards in the gambling industry, EGR NORDICS AWARDS 2023. Only the best representatives of the iGaming industry have been included in the lists, the winners of which will be determined on February 23, 2023.