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Business
October 1, 2024
Acroud Delays Bond Interest Payment via Standstill with Holders
The fast-moving challenger in the space of iGaming affiliation and B2B SaaS solutions, Acroud, confirmed it postponed interest payment on outstanding bond loans until further notice. Restructuring Effort Impacts Bonds Interest Payment Confirmed this week, the announcement affects SEK 225 million senior secured bonds with an interest payment due on October 7, 2024. The main […]
Business
October 1, 2024
Bet365 Continues Its North American Journey with New Denver HQ
Sports betting juggernaut bet365 has opened its new headquarters in the United States. Based in Denver, the HQ is set to provide jobs to some 1,000 locals. The New HQ Will Create Hundreds of Jobs According to Governor Jared Polis and the Global Business Development Division of the Colorado Office of Economic Development and International […]
Business
September 30, 2024
Playtech Posts Growth in H1 2024, Analysts Warn of Potential Risks
Playtech, the leading technology company founded more than two decades ago, released its results covering the six months ended June 30, 2024. On Monday, the company disclosed its interim financial results, pointing to a single-digit revenue increase while acknowledging it remains on track to meet medium-term targets in FY24. The Company’s H1 2024 Revenue Increased […]
Business
September 30, 2024
Star Completes Treasury Brisbane Casino Sale, Shares Rise 18%
At the end of last week, we reported that Star Entertainment was forced to return to the negotiation table alongside creditors to deal with its reported AU$1.69 billion ($1.08 billion) annual loss and the overall shaky ground projected for the new financial year. Now, the group that recently sold its leasehold interest in the historic […]
Business
September 26, 2024
Star Entertainment’s Financial Struggles Continued in FY 2024
The Star Entertainment Group published its financials for the fiscal year, reporting a continued decline amid business and regulatory headwinds. However, the company management remains focused on demonstrating its compliance and generating shareholder value. The Star’s Financials Were Suboptimal Star Entertainment reported FY 2024 revenue of almost AUD 1.7 billion ($1.17 billion). This figure represented […]
Business
September 26, 2024
Analyst Stays Positive on L&W Despite Dragon Link Litigation
Earlier this week, the leading global provider of gaming solutions and equipment, Aristocrat Technologies, seized the initiative in its legal battle against Light & Wonder (L&W). This, however, wasn’t a major hit for the latter, based on its estimates with the exception being a dip in its shares. Macquarie Analyst Keeps Outperform Rating Still, despite […]
Business
September 25, 2024
Flutter Sees Double Profit by 2027, Presents $5bn Share Buyback
The leading global betting and gaming company, Flutter Entertainment, is fairly optimistic about the future. Namely, the upcoming two years which the online betting company believes will bring it around $5 billion, which is more than double this year’s core profit expected to reach $2.5 billion. The bold projections were made on Wednesday when Flutter […]
Business
September 25, 2024
Polymarket Seeks $50M in Funding, Plans to Launch In-House Crypto Token
Crypto betting specialist Polymarket is reportedly seeking additional funding ahead of the US presidential election. The report further suggests that the company is considering launching its own crypto token. Polymarket Seeks to Enhance Its Business Ahead of the Election According to The Information, a technology news outlet, Polymarket hopes to acquire some $50 million in […]
Business
September 24, 2024
WA.Technology Unveils Ambitious Acquisition of Onseo
WA. Technology, a leading platform provider within the iGaming industry, will be acquiring technology developer Onseo in a reportedly multi-million euro deal. While the exact terms of the deal remain undisclosed, industry insiders agree that this ambitious move could lead to significant long-term gains for WA.Technology, solidifying the company’s presence in a highly promising jurisdiction. […]
Business
September 24, 2024
LeoVegas Group Opens New In-House Slots Studio
Global iGaming operator and market leader in mobile casino on the European market, LeoVegas Group, has announced the launch of LeoVegas Studios, its brand-new in-house slots development studio. The announcement marks a significant milestone in the company’s expansion plan which includes the creation of games that are exclusive to the group’s brands. Leveraging Player Data […]
