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Business
May 19, 2025
Light & Wonder Closes Acquisition of Grover Gaming’s Charitable Gaming Assets
Light & Wonder announced that it has completed its acquisition of Grover Gaming’s charitable gaming assets. The transaction was announced earlier this year and was praised by the former company due to “strong cultural alignment” between the two parties. Light & Wonder Closes the Deal On May 19, Light & Wonder confirmed that it has […]
Business
May 19, 2025
Codere Online Reports Significant Growth in Q1 2025
Codere Online announces significant growth in the first quarter of 2025, posting a €54.3 million (about $61 million) revenue, up 8% compared to the same period of 2024. Codere Online Announces Its Q1 Revenue CEO of Codere Online, Aviv Sher, said that the company is off to a great start in 2025. He noted that […]
Business
May 19, 2025
Bain Capital Considers Selling the Mohegan INSPIRE Resort
Bain Capital, the private equity entity that took control of Mohegan’s new resort in South Korea, is reportedly looking to sell the property. Mohegan, however, believes that a sale would not be in the property and its customers’ best interest. Bain Capital Puts Mohegan INSPIRE Up for Sale Bain Capital, which wrested control of Mohegan’s […]
Business
May 16, 2025
Gambling.com Group Surpasses Q1 2025 Estimates with Record Earnings
Gambling.com Group Limited’s newest report for Q1 2025 earnings shows the company has surpassed the initial estimates and is highly optimistic about the rest of the year. Gambling.com Records Great Q1 Finances The fast-growing provider of marketing and sports data services has recorded earnings of $0.46 per share, which is twice what was initially projected. […]
Business
May 16, 2025
Bragg Gaming’s Momentum Continues as Company Reports Strong Q1
Bragg Gaming Group, a leading supplier of content to the iGaming industry, has published its financial report for the first three months of 2025, highlighting “diversified revenue growth, significant margin expansion, and strong cash generation.” The company also updated its outlook for the year, saying that it anticipates double-digit growth in revenue and adjusted EBITDA. […]
Business
May 16, 2025
PENN Entertainment Fights Back Against Activist Investor Criticism
PENN Entertainment has launched a counterattack to challenge HG Vora Capital Management’s disapproval, standing up for its future plans and choices about how the company is run in a thorough message to its stockholders. This public statement follows just a day after HG Vora submitted its own proxy document to question PENN’s current path. PENN […]
Business
May 16, 2025
Silverstein Joins Forces with Rush Street to Boost Manhattan Casino Proposal
Larry Silverstein, the seasoned property developer who rebuilt the World Trade Center, has made a big move to advance his plan for a casino and entertainment hub on Manhattan’s Far West Side. Family-Owned Firms Unite for Major Manhattan Casino and Housing Development Silverstein Properties has brought Rush Street Gaming, a respected casino operator, into the […]
Business
May 16, 2025
Flutter Announces $350M NSX Group Acquisition and Brazilian Market Entry
One of the world’s leading online sports betting and iGaming operators, Flutter, has expanded its influence recently by completing the purchase of a majority 56% stake in NSX Group. Flutter Unveils New Deal with Betnacional NSX Group is a leading Brazilian operator. The company owns sports betting platform Betnacional, and Flutter spent $350 million on […]
Business
May 15, 2025
Entain Faces New Investor Lawsuit Amid Ongoing Legal Woes
Entain, the global betting powerhouse behind brands like Ladbrokes and Coral, is facing fresh legal pressure from a group of major institutional investors. Financial Market-Related Claim, “at a Very Early Stage” The claim, recently filed with London’s High Court, is being led by U.S. law firm Morgan, Lewis & Bockius and involves firms such as […]
Business
May 15, 2025
Sega Sammy Sees Mixed Results as Games Grow and Pachinko Slows
Japanese entertainment powerhouse Sega Sammy Holdings has released its financial report for the fiscal year ending March 31, 2025, showing varied outcomes across its business units. Pachinko Revenue Falls, But Sega Sammy’s New Ventures Signal Promising Future The company’s traditional pachinko and pachislot operations saw a significant decline. However, its launched gaming division and hospitality […]
