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Business News and Headlines
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 […]

Business
November 19, 2024
Codere Online Faces Nasdaq Delisting, Appeals Decision
Codere Online Luxemburg is facing Nasdaq delisting because of a delayed form submission. The company has decided to appeal the motion, arguing that its delay is due to an ongoing audit of its 2023 financials. The Company Has Delayed Its Form 20-F for 2023 In its official release, Codere Online explained that, on November 12, […]

Business
November 18, 2024
Flutter Appoints PokerStars Exec Kevin Harrington as UK&I CEO
International gambling giant Flutter Entertainment has introduced a major addition to its UK & Ireland team, naming the seasoned Kevin Harrington as its new CEO for the region. The appointment is a part of the company’s reorganization of its international division and aligns with its new two-division structure. Harrington to Succeed Brown in February Kevin […]

Business
November 18, 2024
Light & Wonder iGaming CEO Steps Down
Dylan Slaney, the chief executive officer of iGaming at Light & Wonder, has announced his decision to step down. Reminiscing about his time with the company, the outgoing executive said that his stay at L&W has been pleasant and inspiring. Slaney’s Departure Is a Personal Decision Slaney, who joined the Light & Wonder family in […]

Business
November 18, 2024
Sweepstakes Giant VGW Names Industry Specialist Angus Tiet as CFO
Sweepstakes giant Virtual Gaming Worlds (VGW) has named gaming industry powerhouse Angus Tiet as its new chief financial officer. A seasoned veteran, Tiet will empower the company with his robust experience, allowing it to continue growing amid growing regulatory challenges in the US. A Seasoned Veteran Joins the VGW Family As the new CFO of […]

Business
November 18, 2024
Fertitta’s Wynn Investment Viewed by Analysts as Confidence Not a Takeover
Billionaire Tilman Fertitta from Houston, who has made smart investments in hotels and entertainment now owns almost 10% of Wynn Resorts. He bought a lot more shares making him the biggest individual owner of the casino company with a stake even bigger than that of Elaine Wynn. Experts Caution Against Jumping to Conclusions About Fertitta’s […]

Business
November 15, 2024
Greentube Expands NJ Foothold with Hard Rock Digital Launch
Novomatic’s Digital Gaming and Entertainment division Greentube has inked a fresh partnership deal with Hard Rock International’s joint venture with gaming industry veterans, launched in December 2020, Hard Rock Digital. Through the agreement with the platform “where Hard Rock entertainment and online gaming come together,” Greentube plans to bring its award-winning content portfolio to the […]
