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Business News and Headlines
Business
May 23, 2025
Codere Online Asks Nasdaq to Stay the Suspension of Its Stock
Codere Online confirmed its intention to challenge The Nasdaq Stock Market’s delisting threat. To that end, the company requested a hearing and a further say of suspension of trading. Codere’s 2024 Report Was Delayed Consistent with a prediction Codere Online made in its Q1 report, the company received a staff determination letter from the Nasdaq […]

Business
May 22, 2025
Intralot Quashes Max Gaming Acquisition Rumors
Intralot, a reliable lottery partner and licensed gaming provider, has commented on rumors regarding an M&A deal it allegedly considered. Coming shortly after a report by a major Australian news outlet, the Greek company’s statement denied the rumored arrangement. Report Implied Intralot Could Acquire Max Gaming A recent report by The Australian made headlines after […]

Business
May 22, 2025
Blackstone Considers Selling Clarion Events amid Broader Market Uncertainty
Blackstone is now searching for buyers interested in acquiring Clarion Events, a leading privately held event and exhibition business. The sudden announcement drew significant attention from industry experts, with some believing it could set off more high-profile sales. As for Clarion, the company’s future remains uncertain despite its substantial post-pandemic recovery, as political headwinds and […]

Business
May 22, 2025
Shake Shack to Open 10 New Restaurants at PENN Locations
Shake Shack is set to open 10 new locations within casinos as part of a partnership with PENN Entertainment, with the first restaurant planned to begin operations in 2026 at Hollywood Casino Toledo in Ohio and River City Casino in St. Louis, Missouri. PENN and Shake Shack Announce Partnership PENN’s casino expansion supports Shake Shack’s […]

Business
May 22, 2025
Better Collective Q1 in Line with Expectations, Company Announces Share-Buyback
Better Collective, a digital sports media group, has published its financial report for Q1 2025, highlighting a slight decrease in revenue. Despite the temporary setback, the company’s leaders, who are still looking forward to a favorable 2025, reaffirmed the revenue guidance. Better Collective Experienced Setbacks In Q1 2025, Better Collective’s revenue reached EUR 83 million […]

Business
May 22, 2025
HG Vora Pressures Penn Over $11B Shareholder Value Loss
Activist hedge fund and major Penn Entertainment shareholder HG Vora is intensifying its campaign for change at the gaming company. “Genuine Change Is Needed at PENN” In a detailed presentation titled “Genuine Change Is Needed at PENN,” the fund accused the premier regional casino operator in the U.S of squandering over $11 billion in shareholder […]

Business
May 21, 2025
Playtech Shares Decline Amid Strong US Growth and LATAM Challenges
Playtech shares were trading down 2.55% at 343.50 pence (about $4.59) per share in London as of May 21, following a trend in the decline of the company’s shares that has been observed over the past months. Playtech Shares See Prominent Shifts Despite this, in a report earlier today, the gambling software developer said it […]

Business
May 21, 2025
SharpLink Gaming Sets $4.5M Public Offering amid Push into Crypto iGaming
SharpLink Gaming, Inc. (Nasdaq: SBET) has posted an official press release announcing the pricing of a new public offering to raise approximately $4.5 million in gross proceeds. The offering, structured on a “reasonable best efforts” basis, includes the sale of up to 1,530,612 shares of common stock, or their equivalents, at $2.94 per share. SharpLink […]

Business
May 21, 2025
Confusion Clouds xAI-Kalshi Team-Up After Mixed Messages
Elon Musk’s AI company xAI and predictions markets platform Kalshi seemed ready to join forces until they backed away from the announcement, leaving people wondering about the deal’s current state. Kalshi Retracts xAI Deal Shortly After CEO Confirmation Bloomberg first reported the news, and Kalshi’s CEO Tarek Mansour confirmed it on Musk’s social network X […]

Business
May 20, 2025
GR8 Tech Names Technology Veteran Edward Smyshliaiev as CTO
GR8 Tech, a B2B provider of custom iGaming solutions, announced the appointment of a new chief technology officer. The one up to the task is Edward Smyshliaiev, a tech veteran who will enable the company to enter its next phase of growth. A Seasoned Tech Veteran Joins as CTO Smyshliaiev was described as a seasoned […]
