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Business
June 25, 2025
The Star Entertainment’s Shareholders Give the Go-Ahead to Bally’s AUD 300M Lifeline
The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. Shareholders Greenlight Bally’s Aid In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche […]
Business
June 25, 2025
PointsBet Shareholders Approve MIXI Deal, Betr Demands Recount
PointsBet seems to be ready to move forward with MIXI Australia’s acquisition proposal, despite Betr Entertainment’s decision to vote against the deal. The latter company, which owns a 19.9% stake in the Australian sportsbook, later alleged that PointsBet excluded its vote and demanded a recount. MIXI and Betr Sought to Acquire PointsBet PointsBet had been […]
Business
June 24, 2025
FDJ United Reveals “Play Forward 2028” Plan, Targets Further Growth
French gaming giant FDJ United has published an optimistic outlook for its business following its recent acquisition of Kindred. The company’s new strategy seeks to improve its EBITDA margin and grow its player base by 2028. FDJ United Unveils Its Play Forward 2028 Plan As FDJ United recorded success in enacting its strategy and continued […]
Business
June 24, 2025
Tugi Tark Emerges from the Shadows to Revolutionize iGaming Customer Support
Tugi Tark, an ambitious Estonian startup, is looking to revolutionize casino customer service by leveraging the power of artificial intelligence. The company seeks to promote a proactive rather than reactive approach. Tugi Tark Offers Smart Support The company’s name translates as “Smart Support,” and as its name suggests, it offers AI solutions to solve operators’ […]
Business
June 24, 2025
The Star Overhauls Team with Multiple Appointments
The Star Entertainment Group Limited, an Australian gaming giant, has unveiled major changes to its leadership team. The new appointments come amid continued regulatory and financial difficulties for the company. The Star Introduced Changes to Its Group Leadership In an ASX filing, The Star announced what it called a “series of executive management and subsidiary […]
Business
June 23, 2025
Railbird Enters the US Prediction Market with CFTC Approval
Startup prediction platform Railbird Exchange LLC officially received approval from the US Commodity Futures Trading Commission (CFTC) to run as a designated contract market (DCM). This development positions the company to make a dynamic entry into the expanding event-based futures trading space. However, rising backlash from the gambling sector and state regulators could dampen its […]
Business
June 23, 2025
Sportradar Positioned for Further Growth, Macquarie Report Finds
According to a new report from Macquarie Equity Research, the sports data and analytics company Sportradar is well-positioned for significant growth as more US states legalize online sports betting and in-play betting continues to increase in popularity. Macquarie Reveals Interesting Findings about Sportradar Macquarie contends that the $8 billion market-cap company remains undervalued by investors, […]
Business
June 23, 2025
Light & Wonder’s Executive Vice President James Sottile to Retire
James Sottile, Light & Wonder’s Executive Vice President, Chief Legal Officer, and Corporate Secretary, will retire by the end of 2025. Susan Dawson, current Senior Vice President and Deputy General Counsel, will take his place. James Sottile to Retire from Light & Wonder On June 16, 2025, Sottile notified the company of his decision to […]
Business
June 23, 2025
JPMorgan Bullish on Penn Entertainment’s Long-Term Trading Prospects
JPMorgan has shared an optimistic outlook for Penn Entertainment’s stock, expecting it to experience a significant recovery. The favorable forecast was largely due to Penn’s upcoming projects and market presence. JP Morgan Is Optimistic About the Company’s Trading Future JPMorgan’s coverage outlined a price target of $24.00 for Penn, expecting it to experience growth of […]
Business
June 23, 2025
PointsBet Reiterates Support for MIXI Deal Despite Betr’s Latest Proposal
PointsBet has reaffirmed its preference for MIXI Australia’s merger offer amid continued efforts from Betr Entertainment to acquire the operator. While Betr insisted that its proposal offered superior value and suggested that PointsBet had not considered its offer in good faith, the Australian sportsbook firmly rejected the allegations. Betr’s Duel with MIXI Continues For context, […]
