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Business
April 29, 2025
Betr Puts Forward Proposal to Acquire PointsBet
Sports betting company Betr Entertainment has unveiled a revised takeover proposal for competitor PointsBet. The former company, which just became PointsBet’s largest shareholder, is now seeking to complete its buyout. Betr Challenges MIXI’s Proposal Earlier this week, Betr acquired a 19.9% stake in PointsBet, immediately positioning itself as one of the latter company’s biggest shareholders. […]
Business
April 29, 2025
Betsson Records Double-Digit Q1 Growth Thanks to LatAm Revenue
Betsson posted an 18.3% year-on-year rise in group revenue for Q1, driven by a record-high level of customer deposits during the quarter. Betsson Records Sizable Growth in Q1 of 2025 For the first quarter of the year, revenue reached $334.7 million, significantly up from $282.8 million in the same period last year, though 4.3% lower […]
Business
April 28, 2025
BetMGM Turns EBITDA-Positive as Q1 Report Shows Strength
Sports betting and online gaming giant BetMGM has reported its financials for the first quarter of the year, highlighting spectacular performance across both verticals. Most importantly, the brand posted EBITDA-positive results for the first time ever, heralding a new era for the business. The growth of the company, which is jointly owned by Entain and […]
Industry
April 28, 2025
1st Black Labor Secretary and MGM Board Member Alexis Herman Passes Away
MGM Resorts International is mourning the loss of Alexis Herman, a longtime board member and former US Secretary of Labor, who passed away earlier this week at 77. Herman, a pioneer in government service and the private sector forged an impressive legacy across decades of leadership. Her community-facing initiatives helped improve millions of lives while […]
Business
April 28, 2025
NOVOMATIC to Acquire the Remaining Ainsworth Shares for $1 Apiece
NOVOMATIC, Europe’s largest gaming technology group, announced that it has signed a deal with Ainsworth Game Technology to cement its ownership in the latter company. NOVOMATIC to Acquire the Rest of Ainsworth According to NOVOMATIC’s official announcement, it has entered into a scheme implementation deed with Ainsworth, agreeing to acquire its remaining shares for a […]
Casino
April 25, 2025
Gary Green Gaming Buys Lithium Boomtown Casino in Nevada
Popular singer and entrepreneur Gary Green has acquired the Say When casino in McDermitt, Nevada, betting that it would be the next boomtown thanks to its nearby lithium mine. Gary Green Gaming Buys Historic Casino Say When, a historic casino, is located next to Thacker Pass and the lithium mine in Humboldt County, believed to […]
Business
April 25, 2025
Bloomberry to Double Down on iGaming in the Wake of Mixed 2024
Bloomberry Resorts, a Philippine casino operator, has unveiled plans for iGaming growth via a new digital platform. Outlined in the company’s annual report and confirmed during the recent shareholders’ meeting, these plans will see the company capitalize on the rapid growth of online casino gaming in the country. Bloomberry Focuses on Online Casino Gaming […]
Industry
April 24, 2025
Macau Pressures Casinos to Step Up Non-Gaming Investment
As Macau’s post-COVID recovery delivers steady, rather than spectacular, financial results, local authorities continue to remind gaming concessionaires of their obligations to support diversification initiatives. Macau Secretary for Economy and Finance Tai Kin Ip has taken charge of these efforts, hoping to hasten the region’s evolution into a leading tourism destination. The Government Is Tightening […]
Industry
April 24, 2025
Bally’s Chicago IPO Faces Legal Challenges
Bally’s Corporation has published an update on its Chicago Casino plans, warning that the planned initial public offering faces certain legal headwinds, which could incur “significant costs.” Many Are Unhappy with the Offering’s Restrictions For context, the development of Bally’s Chicago Casino has long been marred by certain financial concerns. Because of that, the company […]
Business
April 23, 2025
RHCO Secures Controlling Stake in Nigeria’s Morrich Lottery
Readen Holding Corporation (RHCO) a venture capital firm specializing in financial technology, digital payments, and online commerce, announced that it has signed a definitive deal to buy an 80% controlling stake in Morrich Lottery Limited, a licensed lottery operator in Nigeria. This is notably the former company’s inaugural foray into African gaming. RHCO Is Pursuing […]
