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 […]
Business
March 21, 2025
Fitch Affirms BB- Rating and Stable Outlook for MGM Resorts
Fitch Ratings affirmed a BB- rating for MGM Resorts International and its subsidiaries. The rating reflects MGM’s EBITDA leverage and places MGM’s stock into non-investment grade. In addition to an Issuer Default Rating (IDR) of BB-, Fitch affirmed MGM’s senior secured debt at BB+ with a Recovery Rating of RR1. The unsecured debt, on the […]
Business
March 20, 2025
Gambling.com Confirms Strong Q4, Expects Continued Momentum
Gaming industry affiliate services provider Gambling.com has published its official Q4 and 2024 report, showing results that were mostly consistent with the figures outlined in its earlier preliminary report. The company reiterated its optimistic 2025 revenue and EBITDA outlook, expressing confidence in its position. The Company’s Results Are Consistent with Its Preliminary Report The company’s […]
Business
March 20, 2025
Sweden Nominates New Svenska Spel Chair & Board Members
Svenska Spel, Sweden’s state-owned gambling operator, unveiled a number of board nominations. The government proposed the appointment of a new chair, two new members, and the re-election of five others. Eva-Lotta Sjöstedt Nominated as Chair According to Svenska Spel’s official announcement, the government has decided to nominate the experienced Eva-Lotta Sjöstedt as chairwoman of Svenska […]
Business
March 20, 2025
Ulrik Bengtsson to Resign from Chairman Role at Raketech
The leading online affiliate and content marketing company, Raketech, announced that its chairman will soon step down from his senior-level role after agreeing to transition to a full-time CEO position at another company. That’s the case for Ulrik Bengtsson, who joined the company several years ago and has played an important role in its growth […]
Business
March 20, 2025
Bragg Gaming Publishes 2024 Financials, Reaffirms Guidance
Bragg Gaming Group has published its official financials for 2024, confirming many of the metrics outlined in its previously published preliminary report. The company reiterated its optimistic outlook for 2025, saying that it expects its revenue to continue soaring. The Report Was Strong, as Expected In Q4, the company’s revenue increased 16.3% year-on-year to a […]
Business
March 19, 2025
Sportradar Publishes FY24 Report, Confirms IMG ARENA Acquisition
Sports data giant Sportradar has published its FY 2024 results, reporting a significant increase in revenue. In addition to that, the company unveiled a major new acquisition deal, announcing that it will acquire IMG ARENA in a $225 million deal. Sportradar Publishes Its 2024 Report In its report, Sportradar outlined full-year revenue of EUR 1.1 […]
Business
March 19, 2025
Bally’s Plans Casino with Ownership Perks for Bronx Locals
Bally’s Corporation, the leading hospitality and gaming company, is one of nearly a dozen gambling operators and coalitions looking into the possibility of securing a casino license in New York. While competition is fierce, only three licenses are up for grabs. Benefits for Bronx Residents Include Pledges to Community Programs, Investment Opportunities In an effort […]
Business
March 18, 2025
Robinhood Unveils Prediction Markets Hub in Time for March Madness
Trading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players. The offerings are notably a part of Robinhood’s new prediction markets hub located in the trading platform’s app. The March Madness […]
