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Business
February 19, 2025
Adventure Box Pens Letter of Intent to Acquire RWB Smart Solutions
Adventure Box, a Stockholm-based computer game technology company, announced that it has submitted a non-binding letter of intent (LOI) to acquire RWB Smart Solutions. By securing a 100% stake in the Asia-based casino solutions company, Adventure Box would be able to greatly expand its presence in Asian iGaming. Adventure Box Sets out to Acquire RWB […]
Business
February 19, 2025
Bain Capital Takes Control of Mohegan INSPIRE as MGE Defaults on Debt
All seemed to be going well for the Mohegan INSPIRE Entertainment Resort in South Korea. Unfortunately for the ambitious tribal operator, financial hurdles led to private equity firm Bain Capital securing a controlling stake in Mohegan’s Korea-facing division, MGE Korea. In the aftermath of the takeover, Mohegan vowed to continue to negotiate an outcome that […]
Business
February 19, 2025
Incentive Games Appoints Ahmed Baker as CCO
Incentive Games, a leading provider of content to betting and casino brands, announced that it has expanded its C-suite with a new appointment. According to the company, the experienced Ahmed Baker has joined its ranks as its new chief commercial officer. The New CCO Will Spearhead the Company’s Commercial Strategy Incentive Games announced that Baker, […]
Business
February 18, 2025
North Star Network Acquires Bojoko to Secure Instant Foothold in iGaming
Global sports media giant North Star Network (NSN) announced Monday that it has acquired Bojoko, an award-winning iGaming affiliate. The deal marked NSN’s “decisive step” into the casino space. A Decisive Step into iGaming In its announcement, NSN said that the agreement was officially closed on February 14 and covered all Bojoko assets. Although the […]
Business
February 18, 2025
Light & Wonder to Acquire Grover Charitable Gaming in a $850M Deal
Light & Wonder announced that it has penned a deal to acquire Grover Gaming’s charitable gaming business, Grover Charitable Gaming, in a $850 million deal. According to the former company, this M&A agreement would fulfill several key objectives, including providing the group with a strong presence within the fast-growing charitable gaming sector. Grover Charitable Gaming […]
Business
February 18, 2025
Gentoo Media Publishes Strong Q4 as Business Keeps Momentum
Gentoo Media, formerly GiG Media, has published its financial report for the fourth quarter of 2024, highlighting record-high revenue. The business has been going from strength to strength ever since its split from Gaming Innovation Group and is poised for further growth. Gentoo Media’s Revenues Grew for the 16th Consecutive Quarter According to Gentoo Media, […]
Business
February 17, 2025
FDJ Confident in Growth Despite French Tax Hike
Despite regulatory challenges and increased gambling taxes, La Française des Jeux (FDJ) is optimistic about its growth prospects for 2025 and beyond. The group’s robust 2024 performance, strategic adjustments, and multi-year action plan perfectly position it to mitigate the impact of recent tax increases and sustain its impressive momentum. Core Financials Remain Robust FDJ generated […]
Business
February 17, 2025
Star Entertainment Receives Debt Financing Proposal from Oaktree Capital
The Star Entertainment Group Limited announced that it has received a debt financing proposal. The Australian operator has experienced significant financial struggles in the wake of regulatory hurdles and has been in a precarious position for a while. Oaktree to Help Star Recover As stated in an ASX filing, Star Entertainment has received a debt […]
Business
February 14, 2025
DraftKings Boosts Revenue Guidance Midpoint, Reaffirms Adjusted EBITDA
In January, leading US online sports betting and gaming operator DraftKings announced fourth-quarter losses caused by unpredicted sports results. Fast-forward to Thursday, the NASDAQ-listed company experienced a sudden rise in its stock in after-hours trading amid an upward revision of its 2025 revenue forecast while announcing its fourth quarter and fiscal year 2024 financial results. […]
Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
Gaming giant MGM Resorts has posted its results for 2024, reporting an all-time high net revenue, underpinned by the steady growth of MGM China. The BetMGM digital business, on the other hand, is nearing profitability. The Q4 Report Was Mixed The fourth quarter of the year saw MGM Resorts report consolidated net revenues of $4.3 […]
