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Business
July 18, 2025
MIXI Submits All-Cash Offer as the Duel for PointsBet Continues
MIXI Australia has formally submitted its latest takeover offer for PointsBet, once again challenging rival Betr. This comes shortly after the latter company updated its own offer for PointsBet. MIXI Submits an All-Cash Offer MIXI, which previously failed to secure sufficient shareholder backing for its acquisition of PointsBet, has now returned with a new offer. […]
Business
July 18, 2025
Betsson’s Shares Plummet in Spite of Favorable Q2 Report
Betsson Group has published its report for the second quarter of 2025, reporting a significant organic increase in revenue. Despite that, the company’s shares have taken a dip. Betsson’s Report Outlined Double-Digit Revenue Growth According to Betsson’s report, its group revenue stood at EUR 303.7 million ($353 million) for the period, up 12% year-on-year. This […]
Business
July 17, 2025
Posh Monkey Studios Secures Investment from Velo & Deal with Games Global
Posh Monkey Studios, an ambitious developer of iGaming products, has secured a strategic investment from Velo Partners. The extra funding will help the studio accelerate its growth on a global scale. At the same time, the studio inked a deal with Games Global. The Exact Sum Was Not Disclosed Although the announcement didn’t specify the […]
Business
July 16, 2025
Betr Rejoins the Fight for PointsBet with a New Proposal
Betr has once again submitted a proposal for the acquisition of PointsBet despite the latter company’s apparent contentment with the MIXI proposal. This time, Betr has put AUD 1.89 per PointsBet share on the table. Betr Resumes the Negotiations Betr has resumed the negotiations with a new all-share takeover proposal, offering AUD 1.89 per […]
Business
July 16, 2025
Casino Stocks in South Korea Increase Thanks to Foreign Tourism
Although South Korea’s eased visa policy for Chinese tourists isn’t set to take effect until later in the third quarter, casino stocks are already climbing in anticipation of a surge in inbound travel. South Korea’s Casino Sector Rises Ahead of Visa Changes for Chinese Tourists South Korea’s gaming industry is already seeing gains ahead of […]
Business
July 16, 2025
Las Vegas Sands Kicks off $8B Marina Bay Sands Expansion
Casino and hospitality giant Las Vegas Sands has kicked off the construction of its Marina Bay Sands expansion. The $8 billion endeavor will significantly improve the company’s Singapore portfolio. A Game Changer for Both LVS and Singapore The works kicked off on Tuesday and should wrap up by June 2030. LVS held the groundbreaking ceremony […]
Business
July 16, 2025
FanDuel Doubles Down on Suspending Bettors Who Harass Athletes
From hecklers to death threats, professional and even amateur athletes, not to mention student-athletes, have been the target of people who have wagered on their performance and came up empty-handed. Irate Bettors Who Lose Their Minds and Issue Threats Are Now Fair Game Student-athletes are increasingly targeted by online abuse, with 12% of all social […]
Business
July 15, 2025
Rivalry’s Exceptional Q1 Highlights the Success of Its Restructuring
Leading sports betting and media company Rivalry has published its belated Q1 results, highlighting significant progress. The company’s restructured model has been a success, according to the leadership, which lauded the “full emergence of Rivalry 2.0.” Rivalry Opens a New Chapter Rivalry, which underwent a significant restructuring, announced that these efforts have helped it reduce […]
Business
July 15, 2025
Maverick Gaming Files for Bankruptcy After Its Credit Rating Was Revoked
Washington-headquartered casino and cardroom operator Maverick Gaming has filed for Chapter 11 bankruptcy protection amid a troubled period for the company. This came shortly after S&P Global Ratings withdrew its ratings on the company and a year after Maverick sought to restructure its debt. Maverick Gaming’s Credit Rating Was Revoked Approximately a year ago, S&P […]
Business
July 15, 2025
DraftKings In Strong Financial Position to Gain, Says Morgan Stanley
Morgan Stanley has issued a new assessment of DraftKings’ business, arguing that the sports betting company, which is supposedly making overtures for Railbird, a prediction market platform, is set to far surpass its $225m EBITDA in Q2 2025. DraftKings’ EBITDA Forecasts Stronger Than Expected This figure is already higher than DraftKings’ own guidance set at […]
