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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 […]
Business
February 13, 2025
FanDuel Hits 23M App Downloads, DraftKings Is Close Behind
According to data from a leading company that analyzes app marketplace intelligence, Sensor Tower, a whopping 23 million people chose to download and install FanDuel’s sportsbook and casino apps between January 2020 and December 2024, which is more than any other operator in the country. This means the popular operator surpassed all competitors in terms […]
Business
February 12, 2025
Light & Wonder Promotes from Within, Names Nathan Drane CPO
Light & Wonder, an American leader in the provision of gambling products and services, announced that it has enhanced its leadership with the appointment of a new C-suite member. The company clarified that long-term member Nathan Drane will assume the role of chief product officer and oversee the B2B company’s pipeline. The appointment comes a […]
Business
February 11, 2025
Entain CEO to Change Again with Gavin Isaacs’ Departure
The global sports betting and gaming group, as well as FTSE100 company, Entain plc, announced unexpected changes to its senior-level team. On Tuesday, the company confirmed that its newly appointed Chief Executive Officer (CEO), Gavin Isaacs, is stepping down from his role. The Company Will Once Again Seek New CEO It was back in July […]
Business
February 11, 2025
Catena Media Posts Weak 2024 Results, Remains Confident in Its Strategy
Affiliate powerhouse Catena Media has published its year-end report for the period January-December 2024. Despite a noticeable decline in revenue, the company remains confident that its business strategy will soon pay off. Optimization Measures Stabilized EBITDA in Q4 In Q4 2024, Catena Мedia reported EUR 10.2 million ($10.5 million) in revenue from continuing operations. This […]
Business
February 10, 2025
Kindred Publishes Responsible Gambling Metrics for H2 2024
Kindred Group has published its latest Responsible Gambling Metrics report, highlighting its success in tackling harm in the six months ended December 31. The second half of 2024 showed that the percentage of customers who reduced their spending after intervention declined slightly. Many Players Reduced Their Gaming and Spending after Intervention The H2 responsible gambling […]
Business
February 10, 2025
Superbet Announces Important €1.3B Injection of Capital
Superbet, the Romanian group that wants to “bring exciting, technology-powered entertainment in Sports & Gaming to millions of customers around the world,” has completed a €1.3 billion ($1.34 billion) refinancing agreement with Blackstone. The agreement, which was also backed by funds managed by HPS Investment Partners, was officially announced on February 7. On Track with […]
Business
February 10, 2025
Star Entertainment Confirms Getting Queen’s Wharf Bids
At the beginning of February, it was rumored that private equity giant Blackstone was considering taking over Star Entertainment once the Australian group was placed into voluntary administration. Now, the ASX-listed owner and operator of The Star Sydney, The Star Gold Coast, and Treasury Brisbane has confirmed it was pondering several proposals for its stake […]
