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Business
March 25, 2025
Merkur Casino Sells Lowestoft Bingo Club to Real Fun Group
Merkur Casino has finalized its sale of the Merkur Bingo Club in Lowestoft, England. The buyer, Real Fun Group, announced that it has “big plans” for the club. Real Fun Will Change the Club’s Identity While Keeping the Fun The sale was consistent with Merkur’s continued efforts to streamline its operations and focus on higher-profit […]
Business
March 25, 2025
Bet365 Reportedly Prepares to Exit China
Gambling giant bet365 is reportedly considering quitting China as its shift toward regulated markets continues. Once a grey market powerhouse, the company is now increasingly focused on its operations in mature and emerging regulated jurisdictions. Bet365 Will Stop Taking Bets in China from March 27 Gaming news outlet EGR, which broke the news on the […]
Business
March 25, 2025
The Star Extends Its Refinancing Negotiations with Salter Brothers Capital
The Star Entertainment Group, an Australian casino and hospitality operator, confirmed that it has given investment firm Salter Brothers Capital (SBC) a few extra days to complete its refinancing offer. This comes amid continued financial struggles for the embattled gambling operator. The Deadline Has Been Extended The latest announcement is related to The Star’s ASX […]
Business
March 25, 2025
Flutter Changes Reporting from 2025, Recasts Financials for 2021-2024
Online gaming and sports betting powerhouse Flutter Entertainment has revealed upcoming changes to its reporting. Set to take effect from the company’s upcoming quarterly report, the changes will see its reports split into two segments. Flutter Will Change Its Reporting Flutter Entertainment announced that its new approach will see it report the financials of its […]
Business
March 24, 2025
CEO Becker to Depart After a Decade at the Helm of ZEAL Network
ZEAL Network, a leading Hamburg-based provider of online lottery products, announced that it will be parting ways with Helmut Becker, its chief executive officer. Until his term is over, however, Becker will remain on board and ensure a smooth transition of his duties. Becker Led ZEAL for a Decade According to the company’s official announcement, […]
Business
March 24, 2025
Sun International Appoints Ulrik Bengtsson as Chief Executive
Last week, Raketech, the leading online affiliate and content marketing company, announced that its chairman, Ulrik Bengtsson, would be stepping down from his role. At the time, the company confirmed that the executive had accepted a full-time CEO role with an international company. On Monday, Sun International Limited, the premier entertainment and holiday destination company […]
Business
March 24, 2025
Wynn Resorts CEO: UAE Expansion, “Substantial Market Opportunity”
Last November, despite its less-than-ideal Q3 earnings report, NASDAQ-listed Wynn Resorts announced it would double down on its bold expansion plan aimed at the United Arab Emirates (UAE), specifically through its Al Marjan Island project in Ras Al Khaimah. Then, chief executive officer Craig Billings expressed optimism regarding the project set to launch in 2027. […]
Business
March 24, 2025
Endeavor Announces Management Buyout of OpenBet and IMG ARENA
Endeavor Group Holdings, Inc., a global sports and entertainment powerhouse, announced the sale of OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout. The transaction, backed by Endeavor chief executive Ariel Emanuel, OpenBet CEO Jordan Levin, and other top executives, could significantly shake up the sector and position the companies for […]
Business
March 24, 2025
Billionaire Pub Baron Mathieson Endorses Bally’s Bid for the Star
One of the world’s leading entertainment companies recognized for its “innovation, energy, and dedication to creating thrilling gaming experience,” Bally’s Corporation, has received endorsement from Star Entertainment Group’s largest shareholder in its bid to take control of the struggling Australian casino operator. Billionaire Pub Baron Bruce Mathieson Supports Bally’s Offer According to local reports, Bruce […]
Business
March 21, 2025
XLMedia Receives Only $1M Despite Robust Sportradar Financials
XLMedia PLC, a once-leading digital media company, recently announced it will receive a performance-related earnout of $1 million from Sportradar AG. This development comes after XLMedia sold its North American business to Sportradar in November 2024, a deal that initially envisioned a maximum total potential consideration of up to $30 million. Sportradar’s Business Model Proved […]
