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Business
September 2, 2025
Glitnor Group Secures EUR 55M Facility from HG Vora Capital
Glitnor Group has secured a significant financial investment following a contribution of EUR 55 million ($64.2 million) from the US-based HG Vora Capital Management. This capital injection will support the operator’s expansion via mergers and acquisitions while bolstering strategic growth initiatives in regulated markets across Europe and North America. The deal should also help Glitnor […]
Business
September 2, 2025
Pine Sports and SharpSports Merge to Reach Greater Heights
Pine Sports has merged with SharpSports in a deal that will leverage the two companies’ unique qualities to help them reach greater heights. The Deal Will Speed Up SharpSports’ Production Pipeline The deal was first announced on the 179th episode of Betting Startups, a podcast dedicated to emerging companies within the North American gaming sector. […]
Business
August 29, 2025
CMA to Investigate Sportradar’s Merger with IMG Arena
The UK Competition and Markets Authority (CMA) announced a merger inquiry into Sportradar’s planned acquisition of IMG Arena. As a leading sports data provider, Sportradar could potentially undermine the market competition should it merge with IMG Arena. The Authority Will Probe the Deal Earlier this year, Sportradar set out to acquire IMG Arena from its […]
Business
August 28, 2025
KKCG Offloads 4.27% Allwyn Stake
Czech investment company KKCG announced that it has sold a 4.27% stake in its subsidiary, the leading lottery operator Allwyn International. The buyer of the stake was J&T ARCH Investments, a Prague Stock Exchange-listed investor fund. J&T ARCH Joins Allwyn’s Investor Lineup According to the announcement, the Czech investment firm KKCG has sold the 4.27% […]
Business
August 26, 2025
Betr Eyes Entain’s Aussie Arm in Potential Takeover Move
The only ASX-listed “pure play digital operator” with a focus on “success in the Australian wagering market”, Betr Entertainment, is reportedly considering a bid to acquire the Australian arm of Entain. Neither company has confirmed the talks, but the Australian Financial Review has reported that a deal may be in the works. Big Move for […]
Business
August 25, 2025
Dream11 Ends Paid Contests, Cancels National Cricket Team Sponsorship
Indian online fantasy sports giant Dream11 has reportedly put an end to a multi-million-dollar sponsorship agreement with India’s national cricket team. This decision comes shortly after the country passed a landmark bill that prohibits real-money online gaming. Dream11 Pivots to a Free-to-Play Model On August 22, Dream11 announced a major change to its business model […]
Business
August 22, 2025
Hann Holdings Defers $236M IPO as Casino Markets Change
Hann Holdings Inc. has chosen to postpone its PHP 13 billion ($236 million) initial public offering (IPO). Prior to this decision, the company remained undeterred by the struggles facing the country’s brick-and-mortar casinos. Hann Holdings Inc. Takes a Step Back Hann stated that the decision was prompted by current market conditions and sentiment, which the […]
Business
August 22, 2025
DraftKings Puts an End to Credit Card Deposits
US sports betting and gaming powerhouse DraftKings has informed its American customers that it will no longer accept payments with credit cards. The decision comes amid broader efforts to minimize gambling harm in the US and prevent harmed customers from overspending. The Change Applies to DraftKings’ Sportsbook and Online Casino The change was communicated to […]
Business
August 22, 2025
Betr Rejects MIXI’s Offer for PointsBet Shares
Betr Entertainment, one of PointsBet’s potential buyers, has reiterated its opposition to a rival takeover proposal by MIXI Australia. Betr, which owns a significant stake in PointsBet, previously leveraged its shareholding to block an earlier acquisition arrangement. The Clash Continues Betr, which has long expressed interest in acquiring PointsBet, a sportsbook with a presence in […]
Business
August 21, 2025
Flutter Entertainment Holds Its Place on Goldman Sachs Hedge Fund VIP List
Flutter Entertainment has maintained its position on Goldman Sachs’ highly regarded “Hedge Fund VIP” list. The company remains the only gaming operator to make it among the investment bank’s leading stocks. Goldman’s breakdown, based on the latest 13-F US Securities and Exchange Commission filings, found that the basket of stocks most favored by hedge funds […]
