Business
May 12, 2025
PointsBet Considers Betr’s Takeover Proposal, Eyes Due Diligence
Australian sports betting giant PointsBet has published a new update regarding Betr Entertainment’s recent acquisition proposal. Betr Seeks to Acquire PointsBet Last month, Betr Entertainment revealed a revised proposal to acquire PointsBet, confirming that it is looking to complete its buyout of the latter company. This came shortly after the former company acquired a 19.9% […]
Business
May 9, 2025
MGM Re-Signs Contract with CEO Hornbuckle Until 2028
CEO and president Bill Hornbuckle has renewed his contract with MGM Resorts, meaning he will stay at the helm of the company for the next three years. MGM Resorts Announces Re-Signing of CEO The deal will see Hornbuckle extend his tenure in the position until the end of 2028. The previous agreement between the company and […]
Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Business
May 9, 2025
Konami: Games & Systems Division Continued to Grow in FY 2024/25
Konami has published its financial report for FY 2024/25, reporting an increase in its casino content & services division revenue. The firm attributed this growth to its stable business in key markets, such as North America and Australia. Konami’s Games & Systems Division Reported an Increase in Revenue In its annual report for the fiscal […]
Business
May 9, 2025
Macau Struggles to Promote Gambling Awareness to Mainland Tourists
Macau’s push to encourage safe gambling habits among visitors from mainland China runs into red tape and cultural barriers, experts shared at a recent industry event. Policy Divide Hampers Macau’s Responsible Gambling Push for Mainland Visitors At the Global Gaming Expo (G2E) Asia in Macau, scholars pointed out the gap between Macau’s gambling rules and […]
Business
May 9, 2025
Playtech Stock Plunges After €1.8B Special Dividend
Playtech, a leading gambling tech company, has seen its stock price crash by over 60%, dropping from 800p to 316p, after giving out a huge special dividend. This payout came from selling its Italian consumer brand Snaitech to Flutter Entertainment for €2.3 billion ($2.6 billion), giving back almost two-thirds of Playtech’s market value to its […]
Business
May 8, 2025
Galaxy Entertainment Group’s Growth Remains Stable, Company Bullish on 2025
Galaxy Entertainment Group (GEG), one of Macau’s casino concessionaires, has reported its Q1 results, highlighting a stable increase in revenue and EBITDA. GEG’s Q1 Was Strong In Q1, Galaxy Entertainment’s total GGR reached HKD 10.9 billion ($1.4 billion), up 14% year-on-year. This figure represented a slight quarter-on-quarter decline due to seasonal fluctuations but still demonstrated […]
Business
May 8, 2025
PENN Entertainment Shows Resilience in Q1 Report
American casino giant PENN Entertainment has published its financials for the first quarter of the year, reporting an increase in revenue. The company’s adjusted EBITDAR was likewise stronger despite certain headwinds in January and February. The Company’s Financials Were Mostly Favorable Despite Earlier Setbacks The company’s total revenue for the period increased by 4.1% year-on-year […]
Business
May 8, 2025
Light & Wonder’s Momentum Continues with 16th Quarter of Revenue Growth
Leading gaming content supplier Light & Wonder has published its financial report for the first quarter of 2024, highlighting continued growth in revenue. This notably marked the 16th consecutive quarter of year-on-year consolidated revenue growth. The Sixteenth Consecutive Quarter of Growth Light & Wonder’s financials for the here months ended March 31, 2025, show consolidated […]
Business
May 7, 2025
Kero Gaming Secures $3M in SIG Sports-Led Funding Round
Kero Gaming, an ambitious micro-betting odds specialist, just closed a $3 million funding round. The company announced that this funding will allow the company to “enter a phase of accelerated growth.” Micro Bets, Macro Moves As mentioned, Kero Gaming just closed a Series A funding round. The investment round was led by SIG Sports and […]
