Business
February 10, 2025
Star Entertainment Confirms Getting Queen’s Wharf Bids
At the beginning of February, it was rumored that private equity giant Blackstone was considering taking over Star Entertainment once the Australian group was placed into voluntary administration. Now, the ASX-listed owner and operator of The Star Sydney, The Star Gold Coast, and Treasury Brisbane has confirmed it was pondering several proposals for its stake […]
Business
February 10, 2025
Bally’s Wraps Up $4.6B Deal with Standard General
Bally’s Corporation has now sealed its much-awaited deal with Standard General and Queen Casino & Entertainment setting a new benchmark in the gambling world. The $4.6 billion transaction gives Standard General, already the biggest stakeholder in Bally’s, an even tighter grip on the casino company. Bally’s Finalizes Deal with Queen Casino, Issues $500M in Notes […]
Business
February 7, 2025
How Brazil’s First Month of Regulated Betting Looked Like
The newly regulated Brazilian betting market has completed its first entire month, and the pressing question regarding the channelization rate is looming over the industry. Early estimates from AI-driven market analytics platform Blask indicate that Brazil’s betting sector generated approximately $154 million in gaming revenue during the first month of 2025. Blask analyzes billions of […]
Business
February 6, 2025
Enteractive Agrees to Reinforce BetMGM’s CRM Efforts
Enteractive, a specialist in player reactivation and conversion services, has announced a new deal with iGaming and sports betting powerhouse BetMGM. Per the deal, the latter company will help the gaming operator tap inactive players and channel more customers toward its platform. Enteractive Will Reengage Inactive and Non-Funded Accounts According to the announcement, Enteractive will […]
Business
February 6, 2025
Betsson Posts Its Strongest Full-Year Report Yet
Betsson Group has published its results for Q4 and FY 2024, reporting significant business progress amid favorable financial metrics. According to CEO Pontus Lindwall, the company ended its best year even on a very strong note. A Strong End to Betsson’s Best Year In the three-month period ended December 31, Betsson reported a group revenue […]
Business
February 5, 2025
BlueBet Acquires TopSport Via Binding Asset Agreement
ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement. This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus […]
Business
February 5, 2025
Table Trac Agrees to Power Apache Nugget with CMS Solution
Casino software developer Table Trac announced that it has signed an agreement with Apache Nugget Corporation, a business owned by the Jicarilla Apache Nation. Per the agreement, the former entity will power the tribal operator with its cutting-edge solutions. Table Trac Integrates CMS Product into Apache Nugget’s Business As agreed, Table Trac will deploy its […]
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
Blackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane, Star Entertainment. Different Approach Instead of making a regular move, the NYSE-listed company that serves institutional and individual investors and has deep […]
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Betting and gaming juggernaut BetMGM has published its FY 2024 financials, delivering revenue growth and optimistic EBITDA forecasts. While the brand is still EBITDA negative, it is convinced that 2025 may be a turning point. BetMGM Hopes to Turn EBITDA-Positive Soon BetMGM, which is jointly owned by MGM Resorts International and Entain, reported net revenue […]
Business
February 4, 2025
US Tariffs on Canada May Harm Tourism, Lead To Job Losses
After returning to the White House as the new President of the United States late last month, Donald Trump has been busy with work. Signing pardons and proposing the implementation of tariffs were only a small portion of the new President’s busy schedule. Trump proposed the implementation of tariffs on Canada, Mexico, as well as […]
