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 […]
Legal
August 20, 2025
Trade Secrets Battle Between Aristocrat and Light & Wonder Shows No Signs of Subsiding
The long-running legal dispute between Aristocrat and Light & Wonder (L&W) over alleged trade secret theft is showing little sign of winding down after the Australian supplier recently brought new claims in US federal court. While both companies currently enjoy significant momentum, the result of the lawsuit could have substantial implications. Aristocrat Accused Its Competitor […]
Business
August 20, 2025
Donaco Delists from ASX Due to On Nut Road Merger
Donaco International Limited (DNA) announced the completion of its delisting ahead of its acquisition by On Nut Road Limited. This follows the recent approval of the latter company’s takeover of the former. Donaco Ceases Trading Earlier this month, New South Wales’ Supreme Court greenlit On Nut Road Limited’s acquisition of Donaco International, an Asia Pacific […]
Business
August 20, 2025
SkyCity Requests Trading Halt Ahead of FY 2025 Report & Capital Raise
SkyCity Entertainment Group Limited, a major tourism, leisure and entertainment company in New Zealand and Australia, has requested a trading halt ahead of its next financial report. The company noted that the halt will allow it to wrap up the details of a potential capital raise. SkyCity Wants to Maintain an Orderly Market In its […]
Business
August 20, 2025
Novomatic Submits Improved Bid for Ainsworth
Not too long after major stakeholders of Ainsworth Game Technology (ATG) lambasted Novomatic’s takeover offer, saying that it undervalues the business, the latter company returned with another proposal. Novomatic Returns with an Unconditional Offer Novomatic, a European gaming powerhouse, has launched a new bid to acquire all of Ainsworth’s outstanding shares. The new proposal outlines […]
Business
August 19, 2025
PointsBet Weighs in on Betr’s Improved Disclosure
PointsBet has welcomed Betr Entertainment’s improved disclosure, although the former company’s leaders have remained unconvinced by its suitor’s acquisition proposal. In any case, this small victory is a ray of light for Betr, the latest proposals of which have been largely dismissed by PointsBet. Betr Continues Its Efforts to Acquire PointsBet Betr has long sought […]
