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Business
February 26, 2025
Super Group Reports Record Q4 Revenue and Strong Global Growth
After its shares spiked following optimistic preliminary, unaudited financial results for Q4 and FY 2024 in January, and following a €1.3 billion ($1.34 billion) refinancing deal inked with Blackstone earlier this month, Super Group has fresh news. The popular Spin and Betway operator has reported a record-breaking fourth-quarter revenue of €500 million ($525 million), marking […]
Business
February 26, 2025
IGT Revenue Slightly Down in 2024 But Business Remains Strong
Gaming leader IGT has published its Q4 and FY 2024 report, outlining a slowdown in revenue and debt reduction successes. The Company’s Financials Remain Strong Despite Fluctuations In Q4, the company reported revenue of $651 million, down 4% year-on-year. Despite that, instant ticket and draw game sales remained strong. The company posted income from continuing […]
Business
February 25, 2025
US Travel Association Names MGM CEO Hornbuckle National Chair
The US Travel Association has reinforced its board of directors with a major new addition. The new appointee is William “Bill” Hornbuckle, the president and chief executive officer of gaming and hospitality giant MGM Resorts International, who will serve as the association’s new national chair. Casino CEO Was Named National Chair Hornbuckle’s new position was […]
Business
February 25, 2025
Cirsa Might Go Public in April, According to Rumors
The private equity firm Blackstone might make Cirsa public with official announcements expected to come on March 13, according to some rumors. Cirsa to Allegedly Go Public in April According to recent rumors, Blackstone aims to take the Spanish gambling company Cirsa public in mid-April. This was first reported by the Spanish financial publication Expansión, […]
Business
February 24, 2025
SharpLink Secures Stake in CryptoCasino Owner Armchair Enterprises
SharpLink Gaming, a provider of online marketing to the iGaming and sports betting industries, announced that it has secured a stake in Armchair Enterprises Limited, the owner and operator of CryptoCasino.com. This investment, according to SharpLink Gaming, is in line with its ambition to expand into the lucrative cryptocurrency gaming market. SharpLink Makes a Foray […]
Business
February 24, 2025
Report: Bally’s Considers Helping Star Entertainment Out
Bally’s Corporation is reportedly considering an investment in Star Entertainment Group. The Australian Financial Review (AFR) reported that representatives of the former company traveled to Australia to negotiate with representatives of Star Entertainment. Bally’s Might Be Interested in the Australian Casino Giant According to the AFR, the delegation to Australia was led by Bally’s chair […]
Business
February 21, 2025
Head Digital Works to Acquire Deltatech Gaming to Grow Its Skill Gaming Presence
Head Digital Works, an Indian online skill gaming operator, has revealed its plans to acquire the Deltatech Gaming, the parent company of the online poker platform Adda52. According to the announcement, the transaction will be executed in two phases. Head Digital Seeks to Grow Its Presence in India Head Digital Works said that it has […]
Business
February 21, 2025
Boyd Gaming Unveils Increase in Dividend
This year, Boyd Gaming, an operator that owns gaming entertainment properties in 10 states, manages a tribal casino in another one, and operates iGaming B2B and B2C businesses, celebrates its 50th birthday. Investors will also have reasons to celebrate as the leading American casino & hospitality company just announced that it will be raising its […]
Business
February 21, 2025
Caesars Entertainment Continues to Reinvest in Las Vegas Properties
Las Vegas is currently the home of nearly 300 hotels and casino resorts. As a premium gaming, entertainment and hospitality destination that is popular across the globe, Sin City welcomes tens of millions of visitors every year. While many recognizable gambling and hospitality giants have already established their footprint in the gambling capital of the […]
Business
February 21, 2025
Fitch Assigns Junk Rating to DraftKings, Citing Ongoing Risks
Fitch Ratings has given DraftKings a BB+ Long-Term Issuer Default Rating (IDR) putting the company just below investment grade. The credit rating agency also gave a BBB- rating with an RR1 recovery rating to the gaming company’s senior secured debt, while its senior unsecured convertible notes got a BB+/RR4 rating. However, Fitch‘s overall outlook for […]
