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Business
April 29, 2025
Betr Puts Forward Proposal to Acquire PointsBet
Sports betting company Betr Entertainment has unveiled a revised takeover proposal for competitor PointsBet. The former company, which just became PointsBet’s largest shareholder, is now seeking to complete its buyout. Betr Challenges MIXI’s Proposal Earlier this week, Betr acquired a 19.9% stake in PointsBet, immediately positioning itself as one of the latter company’s biggest shareholders. […]
Business
April 29, 2025
Betsson Records Double-Digit Q1 Growth Thanks to LatAm Revenue
Betsson posted an 18.3% year-on-year rise in group revenue for Q1, driven by a record-high level of customer deposits during the quarter. Betsson Records Sizable Growth in Q1 of 2025 For the first quarter of the year, revenue reached $334.7 million, significantly up from $282.8 million in the same period last year, though 4.3% lower […]
Business
April 29, 2025
Entain Appoints Stella David as Permanent CEO Amid Strong Q1
Global sports betting and gaming powerhouse Entain plc (LSE: ENT) delivered a better-than-expected first quarter for 2025. Strong online growth and solid contributions from BetMGM helped the group maintain its positive momentum. Excellent Online Growth For the three months ending March 31, the FTSE100 company that posted stable 2024 financial results recorded a 9% year-over-year […]
Business
April 28, 2025
BetMGM Turns EBITDA-Positive as Q1 Report Shows Strength
Sports betting and online gaming giant BetMGM has reported its financials for the first quarter of the year, highlighting spectacular performance across both verticals. Most importantly, the brand posted EBITDA-positive results for the first time ever, heralding a new era for the business. The growth of the company, which is jointly owned by Entain and […]
Business
April 28, 2025
Vivo Investment Partners Unveils Big Plans for Atlantic City’s Casino District
A New York-based firm called Vivo Investment Partners said it wants to create a series of venues surrounding Atlantic City’s casinos and also invest heavily in esports. Vivo Investment Partners Reveals Plans While centered around the coastal city’s gambling center, the new project won’t be directly involved in gambling, but will focus more on creating […]
Business
April 28, 2025
MGM Resorts Shutters In-Person Concierge Desks at Most Strip Properties
A historic aspect of the classic Las Vegas experience could be one step closer to extinction. MGM Resorts International announced the shutdown of physical concierge desks at most of its Strip resorts. While this development represents a streamlining measure, it coincides with the ongoing shift to digital service alternatives as venues navigate shifting consumer preferences. […]
Business
April 28, 2025
NOVOMATIC to Acquire the Remaining Ainsworth Shares for $1 Apiece
NOVOMATIC, Europe’s largest gaming technology group, announced that it has signed a deal with Ainsworth Game Technology to cement its ownership in the latter company. NOVOMATIC to Acquire the Rest of Ainsworth According to NOVOMATIC’s official announcement, it has entered into a scheme implementation deed with Ainsworth, agreeing to acquire its remaining shares for a […]
Business
April 28, 2025
PENN Entertainment Shakes Up Board with Fresh Nominees
PENN Entertainment announced big changes to its Board of Directors after talks with HG Vora Capital Management, a key shareholder that has criticized the company’s recent strategy. As part of this update, Johnny Hartnett and Carlos Ruisanchez will run for election at the 2025 Annual Meeting of Shareholders. PENN Responds to HG Vora Criticism with […]
Business
April 25, 2025
Bloomberry to Double Down on iGaming in the Wake of Mixed 2024
Bloomberry Resorts, a Philippine casino operator, has unveiled plans for iGaming growth via a new digital platform. Outlined in the company’s annual report and confirmed during the recent shareholders’ meeting, these plans will see the company capitalize on the rapid growth of online casino gaming in the country. Bloomberry Focuses on Online Casino Gaming […]
Business
April 23, 2025
RHCO Secures Controlling Stake in Nigeria’s Morrich Lottery
Readen Holding Corporation (RHCO) a venture capital firm specializing in financial technology, digital payments, and online commerce, announced that it has signed a definitive deal to buy an 80% controlling stake in Morrich Lottery Limited, a licensed lottery operator in Nigeria. This is notably the former company’s inaugural foray into African gaming. RHCO Is Pursuing […]
