Business News and Headlines
Business
November 4, 2025
Novomatic Extends Takeover Bid for Ainsworth amid Mounting Tensions
Austrian gaming giant Novomatic AG has extended its bid to acquire the remaining shares of Ainsworth Game Technology (AGT) by another month, with a new deadline of December 3. The company’s ongoing efforts to consolidate its control over the Australian slot machine manufacturer have drawn significant attention after a filing with the Australian Securities Exchange […]
Business
November 4, 2025
Crypto.com & Hollywood.com Team Up for Entertainment-Themed Prediction Markets
Entertainment website Hollywood.com unveiled a new partnership agreement with leading crypto asset service provider Crypto.com. The two parties will join forces to penetrate the fast-growing prediction markets sector with a new product. A New Way to Engage with Entertainment Despite some regulatory pushback, prediction markets continue to take the USA by storm, cementing themselves as […]
Business
November 4, 2025
Super Group’s Strong Q3 Leads to Guidance Raise
Gambling powerhouse Super Group has published its unaudited consolidated financials for the third quarter of the year (Q3), highlighting a strong performance. As revenues and EBITDA soared, the company updated its full-year guidance. A Strong Quarter for the Group In Q3 2025, Super Group reported revenue of $556.9 million, corresponding to a 26% increase year-on-year. […]
Business
November 3, 2025
Sportradar Completes Its Acquisition of IMG ARENA
Sportradar announced that it has closed its acquisition of IMG ARENA, which marks a major milestone for both companies. This follows recent approval from the UK Competition and Markets Authority (CMA). The Deal Has Been Sealed Earlier this year, sports data specialist Sportradar set out to acquire IMG ARENA from Endeavor Group Holdings. The former […]
Business
November 3, 2025
VICI Works to Ease Caesars Lease Strain as Stock Slides Further
VICI Properties Inc. is tackling investor worries about its main lease deal with Caesars Entertainment. The company knows this problem has hurt its stock value in recent months. Leaders from the real estate investment trust (REIT), which owns a lot of Caesars’ casino property, say they are working with the gaming company to fix this […]
Business
November 3, 2025
Marker Trax Strengthens C-Suite with Ross O’Hanley Appointment
Marker Trax is expanding its list of professionals at the very top, with the company confirming Ross O’Hanley as its latest Chief Operating Officer. O’Hanley is a well-seasoned industry veteran who is bringing more than 25 years of experience to the table and helping spearhead the company’s efforts. Gambling Industry Veteran Joins Market Trax as […]
Business
October 31, 2025
RSI Posts Q3 Results, Reports 10th Consecutive Quarter of Growth
Online gaming and betting leader Rush Street Interactive (RSI) has published its financials for the three-month period ended September 30, 2025 (Q3), reporting record-breaking quarterly revenue. The company’s favorable performance caused it to increase its full-year guidance. RSI’s Revenues Continued to Soar In its report, RSI outlined revenue of $277.9 million, representing an increase of […]
Business
October 30, 2025
MGM Resorts Misses Q3 Estimates amid Las Vegas Weakness
MGM Resorts International did not meet Wall Street’s expectations for the third quarter of 2025, as poor performance on the Las Vegas Strip and one-time charges related to its Empire City exit impacted financial results. Shares of the casino and hospitality giant dropped by more than 5% in after-hours trading on Wednesday after the release […]
Business
October 30, 2025
Jumbo Interactive Sets Sail for America with $36M Dream Giveaway Acquisition
Australian iLottery expert Jumbo Interactive announced the completion of its AUD 55.4 million ($36.3 million) acquisition of US prize draw company Dream Giveaway. This will allow the former business to make a foray into the US, capitalizing on the growing demand for lottery products. Jumbo Penetrates the US Market The deal was closed on October […]
Business
October 29, 2025
Industry Veterans Launch Big Daddy Gaming, a Disruptive Game Studio
A trio of esteemed gaming industry veterans has joined forces to disrupt the slots sector with a new studio. Titled Big Daddy Gaming, the project seeks to breathe new life into the slots market. Gaming Experts Unveil Big Daddy Gaming As mentioned, Big Daddy Gaming was founded by a trio of gaming industry veterans. These […]