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Business
May 15, 2025
Entain Faces New Investor Lawsuit Amid Ongoing Legal Woes
Entain, the global betting powerhouse behind brands like Ladbrokes and Coral, is facing fresh legal pressure from a group of major institutional investors. Financial Market-Related Claim, “at a Very Early Stage” The claim, recently filed with London’s High Court, is being led by U.S. law firm Morgan, Lewis & Bockius and involves firms such as […]
Business
May 15, 2025
Sega Sammy Sees Mixed Results as Games Grow and Pachinko Slows
Japanese entertainment powerhouse Sega Sammy Holdings has released its financial report for the fiscal year ending March 31, 2025, showing varied outcomes across its business units. Pachinko Revenue Falls, But Sega Sammy’s New Ventures Signal Promising Future The company’s traditional pachinko and pachislot operations saw a significant decline. However, its launched gaming division and hospitality […]
Business
May 14, 2025
Q1 Losses Push Catena Media to Cut Jobs and Freeze Interest Payouts
The iGaming affiliate marketing company Catena Media has begun a new round of cost-cutting measures following a disappointing earnings report for the first quarter of 2025. Catena Cuts Workforce by 25% and Suspends Hybrid Security Payments The company announced plans to cut its workforce by about 25% and stop interest payments on its hybrid capital […]
Business
May 13, 2025
Super Group Plans Alberta Expansion After Record Q1 Revenue Boost
Super Group Ltd., which owns Betway and Spin, aims to enter Alberta’s upcoming regulated iGaming market after outstanding financial results in the first quarter of 2025. Super Group Poised for Alberta Entry as iGaming Legislation Nears Final Approval CEO Neal Menashe said the company stands ready to join Alberta once regulators give their approval setting […]
Business
May 12, 2025
PointsBet Considers Betr’s Takeover Proposal, Eyes Due Diligence
Australian sports betting giant PointsBet has published a new update regarding Betr Entertainment’s recent acquisition proposal. Betr Seeks to Acquire PointsBet Last month, Betr Entertainment revealed a revised proposal to acquire PointsBet, confirming that it is looking to complete its buyout of the latter company. This came shortly after the former company acquired a 19.9% […]
Business
May 9, 2025
MGM Re-Signs Contract with CEO Hornbuckle Until 2028
CEO and president Bill Hornbuckle has renewed his contract with MGM Resorts, meaning he will stay at the helm of the company for the next three years. MGM Resorts Announces Re-Signing of CEO The deal will see Hornbuckle extend his tenure in the position until the end of 2028. The previous agreement between the company and […]
Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Business
May 9, 2025
Konami: Games & Systems Division Continued to Grow in FY 2024/25
Konami has published its financial report for FY 2024/25, reporting an increase in its casino content & services division revenue. The firm attributed this growth to its stable business in key markets, such as North America and Australia. Konami’s Games & Systems Division Reported an Increase in Revenue In its annual report for the fiscal […]
Business
May 9, 2025
Macau Struggles to Promote Gambling Awareness to Mainland Tourists
Macau’s push to encourage safe gambling habits among visitors from mainland China runs into red tape and cultural barriers, experts shared at a recent industry event. Policy Divide Hampers Macau’s Responsible Gambling Push for Mainland Visitors At the Global Gaming Expo (G2E) Asia in Macau, scholars pointed out the gap between Macau’s gambling rules and […]
Business
May 9, 2025
Playtech Stock Plunges After €1.8B Special Dividend
Playtech, a leading gambling tech company, has seen its stock price crash by over 60%, dropping from 800p to 316p, after giving out a huge special dividend. This payout came from selling its Italian consumer brand Snaitech to Flutter Entertainment for €2.3 billion ($2.6 billion), giving back almost two-thirds of Playtech’s market value to its […]
