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Business
August 28, 2025
KKCG Offloads 4.27% Allwyn Stake
Czech investment company KKCG announced that it has sold a 4.27% stake in its subsidiary, the leading lottery operator Allwyn International. The buyer of the stake was J&T ARCH Investments, a Prague Stock Exchange-listed investor fund. J&T ARCH Joins Allwyn’s Investor Lineup According to the announcement, the Czech investment firm KKCG has sold the 4.27% […]
Industry
August 27, 2025
The Star Fails to Negotiate Covenant Waivers with Lenders
The Star Entertainment Group’s financial troubles continued, as the company found itself unable to secure lender waivers that would have allowed it to breach the terms of its debt agreements without risking penalties. The Terms Are Unacceptable to The Star In an official Australian Securities Exchange (ASX) release, the company responded to a recent publication […]
Industry
August 25, 2025
Team King Buys Saipan’s Imperial Pacific for $13M
Saipan’s failed casino resort has found a new owner several months after the initial bid for the property. The Resort Has Been Defunct for Years The Imperial Pacific resort in Saipan was formerly owned by Imperial Pacific International (IPI). The company’s $2 billion plans envisioned a lavish casino that would have nurtured the local tourism […]
Business
August 25, 2025
Dream11 Ends Paid Contests, Cancels National Cricket Team Sponsorship
Indian online fantasy sports giant Dream11 has reportedly put an end to a multi-million-dollar sponsorship agreement with India’s national cricket team. This decision comes shortly after the country passed a landmark bill that prohibits real-money online gaming. Dream11 Pivots to a Free-to-Play Model On August 22, Dream11 announced a major change to its business model […]
Business
August 22, 2025
Hann Holdings Defers $236M IPO as Casino Markets Change
Hann Holdings Inc. has chosen to postpone its PHP 13 billion ($236 million) initial public offering (IPO). Prior to this decision, the company remained undeterred by the struggles facing the country’s brick-and-mortar casinos. Hann Holdings Inc. Takes a Step Back Hann stated that the decision was prompted by current market conditions and sentiment, which the […]
Industry
August 22, 2025
Fanatics Holds Firm Among World’s Leading Unicorns in 2025
Fanatics has secured its position among the world’s most valuable private companies in 2025, remaining 18th globally with a valuation of $31 billion. The organization ranks among an elite list of “Unicorns,” companies valued at over $1 billion, that features artificial intelligence giants and high-profile consumer platforms. While the list contains businesses from all across […]
Business
August 22, 2025
DraftKings Puts an End to Credit Card Deposits
US sports betting and gaming powerhouse DraftKings has informed its American customers that it will no longer accept payments with credit cards. The decision comes amid broader efforts to minimize gambling harm in the US and prevent harmed customers from overspending. The Change Applies to DraftKings’ Sportsbook and Online Casino The change was communicated to […]
Business
August 22, 2025
Betr Rejects MIXI’s Offer for PointsBet Shares
Betr Entertainment, one of PointsBet’s potential buyers, has reiterated its opposition to a rival takeover proposal by MIXI Australia. Betr, which owns a significant stake in PointsBet, previously leveraged its shareholding to block an earlier acquisition arrangement. The Clash Continues Betr, which has long expressed interest in acquiring PointsBet, a sportsbook with a presence in […]
Lottery
August 22, 2025
Allwyn to Install 30,000 Wave Lottery Terminals Across the UK
Allwyn UK, the British arm of the Czech lottery giant and operator of The UK National Lottery, has confirmed the upcoming installation of new lottery machines across the country. This initiative aligns with the company’s earlier promises to take care of the long-overdue modernization the lottery. Allwyn Moves to the Next Stage of Its Lottery […]
Business
August 21, 2025
Flutter Entertainment Holds Its Place on Goldman Sachs Hedge Fund VIP List
Flutter Entertainment has maintained its position on Goldman Sachs’ highly regarded “Hedge Fund VIP” list. The company remains the only gaming operator to make it among the investment bank’s leading stocks. Goldman’s breakdown, based on the latest 13-F US Securities and Exchange Commission filings, found that the basket of stocks most favored by hedge funds […]
