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Business
November 25, 2024
Bet-at-Home Weighs Sale amid Operational Challenges
Bet-at-home AG, a veteran in the online gaming and sports betting industry, is reportedly exploring a potential sale, according to a recent NEXT.io report. Despite recent struggles, the company’s resilient financial performance could make the operator an attractive acquisition target. Bet-at-home maintains a presence in several European markets, further aiding its prospects. Unfavorable Developments Hurt […]
Business
November 25, 2024
Lottoland Celebrates 20M Players Worldwide
Lottery provider Lottoland just celebrated a major milestone as its platform surpassed 20 million customers worldwide. Now over ten years old, the lottery company continues to provide players with engaging lottery games. A Major Milestone for the Company Lottoland was founded in 2013 and has since been going from strength to strength. The company currently […]
Business
November 22, 2024
Spreadex to Sell Sporting Index Due to Monopoly Concerns
The UK Competition and Markets Authority (CMA) has ordered Spreadex to divest itself of Sporting Index due to significant competition concerns in the licensed online sports spread betting market. This decision comes after an extensive investigation into the merger concluded that the deal stifled competition and risked negatively impacting consumers. A Consolidated Market Could Hurt […]
Business
November 22, 2024
Star Entertainment Confirms the Execution of $130M Debt Facility
Australian gaming and hospitality giant The Star Entertainment Group unveiled a new debt facility amid a challenging period for the company and continued regulatory scrutiny. The Debt Facility Will Help the Company Get Through the Struggles In a filing to the Australian Securities Exchange (ASX), the company announced that it has executed a commitment letter […]
Business
November 22, 2024
Wynn Shares Al Marjan Casino Update, Says Building Is 55% Complete
Wynn Resorts announced that the construction of its Al Marjan Island casino resort is progressing well, moving the company closer to realizing its UAE casino ambitions. The company hopes to complete the overall property by December 2025. The Construction Is Progressing Well According to Wynn’s announcement, 55% of the structural concrete is now complete. The […]
Business
November 21, 2024
Entain Intends to Close Beloved Crayford Racing Track
Gambling giant Entain intends to put an end to its greyhound racing track in Crayford. The gambling giant revealed that the racetrack is no longer as profitable as it once was, leading to this difficult decision. The Racetrack Is No Longer Profitable The Crayford Greyhound Stadium has been operating since 1986. Because of its […]
Business
November 21, 2024
Monkey Tilt Scoops Up $30M in Series A Funding Led by Pantera Capital
The leading innovator in the online gaming space, Monkey Tilt, has secured $30 million in Series A funding. The platform, which debuted in March 2024, is setting new standards for gaming by merging industry expertise with a cutting-edge user experience. This funding round, finalized over the summer, was spearheaded by Menlo Park, California-based hedge fund […]
Business
November 20, 2024
Bally’s Shareholders Say Yes to Standard General Takeover
In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 billion acquisition by the hedge fund that “pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies,” Standard General. Under the terms, the New York City-based hedge fund, […]
Business
November 20, 2024
BC.Game Goes Bankrupt Not Long After $40M Deal with Leicester City
BC.Game, an online gambling operator famous for sponsoring Leicester City FC, could face potential trouble as its parent companies have been declared bankrupt. This announcement comes only four months after the agreement with the soccer club was signed. The Court of Curaçao Declared BC.Game’s Parents Bankrupt According to a report by casinonieuws.nl, the Court of […]
Business
November 19, 2024
Wind Creek Hospitality and McGregor Family Ink Acquisition Deal
Two major players in Alabama‘s hospitality and tourism industry, Poarch Band of Creek Indians-operated Wind Creek Hospitality and Birmingham Racecourse and Casino and VictoryLand Casino owners, the McGregor family, have announced inking a new deal. Namely, Wind Creek has agreed to acquire the Birmingham Racecourse, with the expected closing time for the transaction set for […]
