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Business
June 30, 2025
Star Entertainment’s DBC Exit in Peril as Partners Seek to Terminate the Arrangement
The Star Entertainment Group has published an update related to its earlier decision to exit its equity interest in Destination Brisbane Consortium (DBC). The company noted that since the conditions of its binding heads of agreement (HoA) were not met, its joint venture partners have submitted a notice to terminate the arrangement. The Star’s Partners […]
Business
June 27, 2025
Lottery.com Buys Stake in GXR to Support Sports.com Super App
Lottery.com, a leading technology company transforming the intersection of gaming, sports and entertainment, confirmed the upcoming launch of its Sports.com Super App. To power the app’s growth, Lottery.com also announced the $10 million acquisition of a majority stake in GXR’s sports and technology assets. Lottery.com Secures Majority Stake in GXR’s Sports and Tech Assets In […]
Industry
June 26, 2025
FanDuel Amends T&C After Tipster’s Parlay Cost It $2.2M
FanDuel has introduced changes to its Terms and Conditions (T&C), preventing groups from betting together. Fans believe that this change was sparked by a recent parlay win and critiqued the operator for alleged hypocrisy. FanDuel Changes Its T&C The parlay that fans believe prompted the change was a seven-leg MLB home rum parlay promoted by […]
Business
June 26, 2025
MIXI Proposal Fails as PointsBet Admits Technical Mistake Distorted Vote
PointsBet has come forward to confirm that a technical mistake had skewed the results of its recent shareholder vote for the company’s acquisition by Japanese tech firm MIXI. After re-evaluating the results, it turns out that the deal will not pass after all, to the relief of Betr Entertainment. System Error Excluded Betr’s Vote Betr […]
Legal
June 26, 2025
Light & Wonder’s Shares Soar as Court Rejects Aristocrat’s Evidence Demands
Light & Wonder has scored a smaller victory in its prolonged battle with competitor Aristocrat Technologies. As a court in Nevada issued a favorable ruling, shares in the former company experienced a spike. Court Defends Light & Wonder from Aristocrat’s Demands Aristocrat had previously sued its competitor for allegedly misappropriating trade secrets, forcing it to […]
Business
June 25, 2025
Polymarket Closes in on $200M Raise as Prediction Markets Heat Up
Polymarket is nearing the finish line on a funding round that will bolster the crypto-backed prediction market with $200 million, valuing it at over $1 billion. This newest update, first reported by Bloomberg and Reuters, reportedly originates from a source with direct knowledge of the negotiations, who revealed the information on condition of anonymity. Business […]
Business
June 25, 2025
Some Investors See Bright Future for Wynn Resorts Despite Investor Dissent
While Wynn Resorts remains beset by investor anxiety, not everyone is sounding the alarm. While shareholders such as Tilman Fertitta have raised serious concerns about the company’s future direction, some voices in the credit market remain optimistic about Wynn’s long-term prospects, especially those tied to its ambitious expansion in the Middle East. Strategic Investments Hold […]
Business
June 25, 2025
Hacksaw Completes Incredibly Successful IPO
Hacksaw AB, which had sought to raise $378 million via its initial public offering (IPO), has officially begun trading on Nasdaq Stockholm. The company’s IPO was a spectacular success and saw it raise approximately $404 million, surpassing the earlier projections. The IPO Valuated Hacksaw at over $2B Hacksaw’s IPO proved to be a success as […]
Business
June 25, 2025
The Star Entertainment’s Shareholders Give the Go-Ahead to Bally’s AUD 300M Lifeline
The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. Shareholders Greenlight Bally’s Aid In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche […]
Business
June 25, 2025
PointsBet Shareholders Approve MIXI Deal, Betr Demands Recount
PointsBet seems to be ready to move forward with MIXI Australia’s acquisition proposal, despite Betr Entertainment’s decision to vote against the deal. The latter company, which owns a 19.9% stake in the Australian sportsbook, later alleged that PointsBet excluded its vote and demanded a recount. MIXI and Betr Sought to Acquire PointsBet PointsBet had been […]
