One of the most popular online casinos in the world, present in many regulated markets all around the world, joined forces with Revolver. The hit releases from the impressive Revolver portfolio, including its best titles, will be added to the fantastic game library NetBet is offering to its players.

Captivating titles and unique gameplays

When it comes to Revolver, the company became famous for its Slot Machine games. This renowned iGaming developer and provider currently has more than 20 different Slot Machine games in its portfolio. Each one of them has its own twists and turns that add excitement and diversify them from all the other games in the industry.

Two successful companies partnered up so the games could be available to more players worldwide. The good news for NetBet customers is that they will be able to play some of the most popular Revolver games, such as Irish Coins, Thor of Asgard and Badlands, as well as many more of them.

Revolver titles combine advanced, modern technology with unique and captivating gameplay, so the players will be able to enjoy the games and smooth and exciting gaming experience, being entertained all the time spent on the company’s website.

Strengthening position in the global market

This partnership will greatly strengthen the position of NetBet on the market and one more time prove that the company is the ultimate leader when it comes to the supplying of thrilling and captivating content in the iGaming industry. Also, the company will one more time prove that one of the main points of its business is taking care of responsible gaming practices.

As European Gaming reports, Claudia Georgevici, a PR Manager at NetBet, commented on this partnership: “We are delighted to partner with Revolver and bring their outstanding games to our players. The exceptional gaming experiences on offer make them the ideal partner for a successful business relationship.”

Ryan Lazarus, the CEO of Revolver, is also excited about this collaboration. He said: “NetBet is a formidable brand we’ve had our eye on for a while, and we’re absolutely thrilled to now be a part of the games offering to their players! We eagerly anticipate a long and incredibly fruitful partnership ahead!”

NetBet’s loyal fans are now able to try all of the fantastic Revolver’s titles included in the offering on the supplier’s official website. According to the excitement that followed the partnership announcement, the fans are more than excited to try new titles.

Source: Incze, Gaspar, “NetBet Casino joins forces with Revolver”, EuropeanGaming, November 7, 2023.

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Gaming Innovation Group (GiG) has announced that Richard Brown is stepping down as CEO and moving to a board advisory position until 31 December 2023. This change is effective immediately and complements the company’s long-term restructuring efforts. The split should unlock the full potential of each business unit by providing them with enhanced strategic and financial flexibility.

Brown Leaves Behind a Legacy of Success

GiG’s planned split will give rise to two industry-leading companies, each with the potential for accelerated growth compared to the existing corporate structure. To facilitate this transition and ensure the success of each business unit, GiG made several crucial leadership changes, culminating with Richard Brown’s decision to step down from his position as CEO.

Petter Nylander, GiG Chairman of the Board, will assume the role of Executive Chairman during the transitional period until the proposed split, overseeing the company’s strategic review. He thanked Brown for his long-time contributions, expressing gratitude for his decision to accept the board advisory position and ensure a smooth transition.

The board wants to thank Richard for his valuable contribution to GiG over the years. We are pleased that Richard will be available until year-end to secure the succession.

Petter Nylander, GiG Executive Chairman

This arrangement will give the new leadership teams the autonomy and mandate to efficiently lead their respective business units while benefiting from Brown’s background support. The former CEO commented that GiG was at an all-time high, presenting a perfect opportunity for him to step down. He was confident his successors would preserve the company’s legacy and drive future success.

The New CEOs Will Help Ensure a Smooth Transition

Richard Carter will lead GiG’s Platform & Sportsbook business unit and should gain full autonomy after the planned split. He stepped into the CEO position in August, providing knowledgeable and experienced leadership for this crucial division. Carter will leverage his expertise to ensure the enduring success of GiG’s software-as-a-service (SaaS) vertical, servicing over 40 business partners in 35 markets worldwide.

Jonas Warrer will retain his leadership position in GiG Media. Serving as the CEO of this business unit, his experience, and expertise will be pivotal in preserving the GiG brand’s enduring popularity and laying the groundwork for new collaborations. His input was instrumental in several of the company’s recent partnerships, so both new divisions seem in good hands.

We now have two strong CEOs with full operational responsibility for each business unit.

Petter Nylander, GiG Executive Chairman

GiG’s strategic decision to divide the company presents significant short-term challenges as the two teams adjust to their new position. However, the company’s leadership position and history of success should provide a stable foundation for the split. Brown’s transition to an advisory role is a pivotal part of this strategy, enabling GiG to navigate this challenging period.

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The issuer of actively managed exchange-traded funds (ETFs) has announced it sold 294,143 shares of the operator in the context of the stock collapsing.

This way, Cathie Wood’s ARK Investment Management took part in a wider market sell-off stimulated by the disappointing forecast for jobs in the private sector in the previous month.

One of Cathie Wood’s Largest Stock Sales to Date

The transaction that saw the Florida-based ARK sell 252,502 shares from the ARK Innovation ETF and 41,641 shares from the ARK Next Generation Internet ETF represents one of the largest stock sales since the ARK began building its stake in the gaming company over three years ago.

The two transactions came after similar decisions were made at the end of February when the money manager bid farewell to 207,747 shares of the gaming operator from the same duo of ETFs.

At the moment, DraftKings’ shares in which ARK Investment Management continues to be one of the most important owners have gone up by close to 59% since the beginning of the year.

Argus Analyst Gives “Buy” Rating

Just one day after the significant share trimming announced by Cathie Wood’s ARK, Argus’ sell-side analyst John Staszak issued a note to clients, reinforcing the “buy” rating of the shares and reiterating a price target set at $22.

The figure marks an increase of around 22% from the close value registered on April 5. The same analyst gave an estimate on DraftKings’ ability to trigger a revenue of $3.1 billion in the current year, from $2.95 billion which is the company’s midpoint for the 2023 guidance, and also over the $3 billion figure estimated by Wall Street.

Staszak also used the decreasing costs with customer acquisition to explain to clients that DraftKings has the potential to turn profitable during Q3 2024. After that, the Boston-based operator could possibly generate a 25% earnings growth rate over the course of the following five years.

DraftKings had also spoken about its expectations to become profitable next year, even though it failed to name a quarter when the respective results might come up.

The operator’s co-founders Jason Robins and Matthew Kalish also announced they sold 600,000 shares of the company’s stock two weeks prior to Cathie Wood’s ARK Investment Management’s announcement.

Earlier in the week, DraftKings announced it requested to be allowed to provide sports betting markets on the upcoming Boston Marathon, one of the most popular races for both amateur and pro athletes.

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This comes as welcome news to Raj Grewal who faced mounting scrutiny over the past year over his alleged involvement in lobbying for businessmen in front of Canadian Prime Minister Justin Trudeau. Grewal was also accused of helping with immigration application proceedings in exchange for loans.

Gambling Habits That Do Not Suggest Abuse of Power

None of these charges held up in court. The only part that is true, though, is Grewal’s proclivity for gambling to great lengths. He reportedly spent considerable sums, running in the millions of dollars, at the Casino du Lac-Leamy over the period of several years from 2015 through 2018, court documents state.

Because of his gambling habits, the Royal Canadian Mounted Police launched an investigation into his gambling habits and the source of his money. While the investigation did not prove any wrongdoing beyond a reasonable doubt, Grewal stepped down from his party post and did not go up for reelection in 2019.

Justice Sylvia Corthorn of Ontario did not find any evidence to suggest that Grewal had in any way abused his power to secure loans and sustain his gambling habit. In fact, Corthorn dismissed the case outright and did not find it necessary for the defense to deliver its arguments.

Should shove came to push, though, Grewal’s lawyer, Nader Hasan, would have simply stated that the loans were given by members of the local Sikh community, which Grewal has been a long-time member of.

Police Did Not Bother to Investigate, Says Lawyer

Hasan called the entire case based on flimsy evidence, but more importantly on a grave cultural misunderstanding. Essentially, the Royal Canadian Mounted Police misconstrued the relationships between Grewal and his fellow community members and sought to find evidence of wrongdoing where there was essentially none.

Hasan insisted that the police could have saved the Crown and itself considerable resources if it had gone to Grewal directly and collected evidence, or looked into the ties between him and his benefactors. The lawyer insisted that at no point did the police approach his client and demand a straightforward explanation of the loans.

They simply jumped to the conclusion that Grewal had abused power, which has now cost him his political career.

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