Business
May 1, 2025
Las Vegas Sands Strengthens Balance Sheet with $1.5 Billion Bond Offering
Las Vegas Sands Corp. is bolstering its financial foundations with a $1.5 billion refinancing initiative, part of a strategic push to reduce its debt profile and retain flexibility as the company expects long-term growth and lasting dividends across its global gaming portfolio. This move reflects the casino giant’s continued dedication to conservative financial practices and […]
Business
May 1, 2025
Robinhood: Customers Traded 1 Billion Contracts in the Past 6 Months
Robinhood Markets has published its Q1 2025 report. Among other things, the trading platform announced that a billion contracts have been traded in the past six months alone. The Company Kicked 2025 off with a Bang In the three months ended March 31, Robinhood’s total net revenues reached $927 million, up 50% year-on-year. The company […]
Business
May 1, 2025
Coates Family Reportedly Eyeing $12B Bet365 Sale
The Coates family is reportedly eyeing a sale of the Bet365 brand. While no official announcement has been made yet, people familiar with the matter say that Denise Coates, Bet365’s chief executive officer, has been in talks about a potential sale. Bet365 Sale Rumored to Be on the Table The Guardian reported that Denise Coates […]
Business
May 1, 2025
MGM Resorts Sees Digital Growth Despite Q1 2025 Revenue Drop
MGM Resorts International released a mixed bag of financial results for 2025’s first quarter. The company’s digital ventures and Las Vegas Strip slot operations stood out as top performers. However, the company’s total revenue fell by 2% compared to the same period last year. Lower Macau Casino Profits and Vegas Non-Gaming Sales Weigh on MGM […]
Business
April 30, 2025
Bragg Gaming Group Appoints Holly Gagnon as Board Chair
Bragg Gaming Group, a leading global B2B iGaming content and technology provider has unveiled a new appointment to its board of directors. Per the announcement, Bragg has added the experienced Holly Gagnon as the new chair of its board of directors. Gagnon Steps in as Mazij Resigns as Chair Gagnon was described as a seasoned […]
Business
April 30, 2025
Shareholder Tensions Rise After Novomatic’s Ainsworth Takeover Bid
Austrian gaming powerhouse Novomatic’s push for full ownership of Ainsworth Game Technology is running into increasing resistance from some minority shareholders despite support from Ainsworth’s Independent Board Committee (IBC). This resistance could potentially complicate what Novomatic had hoped would be a straightforward process in its bid to fully acquire the ASX-listed slot machine manufacturer. Some […]
Business
April 30, 2025
Kambi Confident in Long-Term Success Despite Mixed Q1
Kambi has published its financial report for the first quarter of the year. The company noted that its results for the three-month period have been in line with expectations and that the company is positioned for further growth. Kambi’s Q1 Performance Slowed Down Kambi’s revenue for Q1 reached EUR 41.5 million, marking a decrease of […]
Business
April 30, 2025
Evolution Stock Plummets Following Suboptimal Q1 Report
Evolution Gaming’s stock has experienced a sharp decline following the company’s recent Q1 report. The company’s stock, which was worth approximately SEK 835.60 ($86.69) apiece, has plummeted to SEK 674.20 ($69.95) as of the time of this writing. The Q1 Results Did Not Meet Expectations Evolution Gaming saw its shares plummet following the publication of […]
Business
April 29, 2025
Betr Puts Forward Proposal to Acquire PointsBet
Sports betting company Betr Entertainment has unveiled a revised takeover proposal for competitor PointsBet. The former company, which just became PointsBet’s largest shareholder, is now seeking to complete its buyout. Betr Challenges MIXI’s Proposal Earlier this week, Betr acquired a 19.9% stake in PointsBet, immediately positioning itself as one of the latter company’s biggest shareholders. […]
Business
April 29, 2025
Betsson Records Double-Digit Q1 Growth Thanks to LatAm Revenue
Betsson posted an 18.3% year-on-year rise in group revenue for Q1, driven by a record-high level of customer deposits during the quarter. Betsson Records Sizable Growth in Q1 of 2025 For the first quarter of the year, revenue reached $334.7 million, significantly up from $282.8 million in the same period last year, though 4.3% lower […]
