Business
July 16, 2025
Las Vegas Sands Kicks off $8B Marina Bay Sands Expansion
Casino and hospitality giant Las Vegas Sands has kicked off the construction of its Marina Bay Sands expansion. The $8 billion endeavor will significantly improve the company’s Singapore portfolio. A Game Changer for Both LVS and Singapore The works kicked off on Tuesday and should wrap up by June 2030. LVS held the groundbreaking ceremony […]
Business
July 16, 2025
FanDuel Doubles Down on Suspending Bettors Who Harass Athletes
From hecklers to death threats, professional and even amateur athletes, not to mention student-athletes, have been the target of people who have wagered on their performance and came up empty-handed. Irate Bettors Who Lose Their Minds and Issue Threats Are Now Fair Game Student-athletes are increasingly targeted by online abuse, with 12% of all social […]
Business
July 15, 2025
Rivalry’s Exceptional Q1 Highlights the Success of Its Restructuring
Leading sports betting and media company Rivalry has published its belated Q1 results, highlighting significant progress. The company’s restructured model has been a success, according to the leadership, which lauded the “full emergence of Rivalry 2.0.” Rivalry Opens a New Chapter Rivalry, which underwent a significant restructuring, announced that these efforts have helped it reduce […]
Business
July 15, 2025
Maverick Gaming Files for Bankruptcy After Its Credit Rating Was Revoked
Washington-headquartered casino and cardroom operator Maverick Gaming has filed for Chapter 11 bankruptcy protection amid a troubled period for the company. This came shortly after S&P Global Ratings withdrew its ratings on the company and a year after Maverick sought to restructure its debt. Maverick Gaming’s Credit Rating Was Revoked Approximately a year ago, S&P […]
Business
July 15, 2025
DraftKings In Strong Financial Position to Gain, Says Morgan Stanley
Morgan Stanley has issued a new assessment of DraftKings’ business, arguing that the sports betting company, which is supposedly making overtures for Railbird, a prediction market platform, is set to far surpass its $225m EBITDA in Q2 2025. DraftKings’ EBITDA Forecasts Stronger Than Expected This figure is already higher than DraftKings’ own guidance set at […]
Business
July 15, 2025
DraftKings Eyeing Prediction Market Platform Railbird
DraftKings has been trying to get skin in the prediction market game for a long while now. The company has attempted to launch a proprietary platform, DraftKings Predict, which registered with the National Futures Association (NFA), but there has been little to expand on this after the fact, not least because the company’s registration with […]
Business
July 11, 2025
Flutter Entertainment Takes Full Control of FanDuel in Big $1.76B Deal
Flutter Entertainment has struck a deal to buy the last 5% of FanDuel from Boyd Gaming Corporation. This $1.755 billion purchase will give Flutter total ownership of the top US sportsbook and iGaming platform. The move values FanDuel at about $31 billion and will change the US sports betting scene. Flutter Secures $1.75B Loan for […]
Business
July 11, 2025
Allwyn Locks in €2.15 Billion in Fresh Funding amid Push for Growth
Allwyn International AG has closed a €2.15 billion ($2.51 billion) financing package with a consortium of leading global banks, a significant milestone in the company’s long-term growth strategy. The agreement comprises a combination of term loans and a revolving credit facility, all structured with a five-year maturity. These funds could also help Allwyn tackle some […]
Business
July 10, 2025
DoubleDown Acquires Whow Games in €65 Million Deal
DoubleDown Interactive has reached another substantial milestone in its ambitions to bolster its global presence with the acquisition of Whow Games, a free-to-play social casino game developer based in Germany. The deal, valued at €65 million ($76.24 million), consists of a €55 million ($64.51 million) upfront payment and a performance-based earn-out of up to €10 […]
Business
July 9, 2025
BetMakers Wraps Up AUD 13.7M Capital Raise, Bolstering Strategic Position
BetMakers Technology Group has reported the success of its new share purchase plan, drawing over AUD 1.2 million ($790,000) from shareholders and finalizing a broader capital raise of AUD 13.7 million ($8.96 million). The company announced it would issue 12 million new shares under the SPP at AUD 0.10 per share, and that trading would […]
