Business
August 8, 2025
PlayUp Nears Potential CrossBet Deal Amid Ongoing Turbulence
PlayUp, once a rising name in the Australian wagering market, may be on the verge of a significant shake-up. Industry sources suggest the operator is close to finalizing a deal with CrossBet, another Australian operator, in a move that could take the form of an outright merger or the sale of specific assets. Individuals familiar […]
Business
August 8, 2025
MIXI Australia Raises the Stakes with a Higher Bid for PointsBet
MIXI Australia has once again revised its takeover offer for PointsBet amid continued challenges from competitor Betr Entertainment. MIXI, which raised its bid once again, described its latest price as “best and final.” MIXI Has Been Eyeing PointsBet for a While MIXI Australia, which is the Australian arm of Japanese tech giant MIXI, has been […]
Business
August 8, 2025
Flutter’s Q2 Report Shows Strength Across Multiple Markets
International online gaming and sports betting giant Flutter Entertainment has published its results for the second quarter of the year, highlighting double-digit revenue and EBITDA growth. The strong results reflected the company’s stable position in the US and beyond and led to an update in Flutter’s full-year guidance. Flutter’s Revenue and EBITDA Experienced Double-Digit Growth […]
Business
August 8, 2025
DraftKings Demonstrates Enduring Resilience with Impressive Q2 Financials
DraftKings posted an impressive performance in the second quarter of 2025, setting all-time highs in revenue and Adjusted EBITDA. The iGaming and sports betting giant achieved $1.51 billion in revenue during the quarter, a 37% year-over-year rise. Adjusted EBITDA hit $301 million, more than twice the company’s highest mark, translating to a 20% margin. Sports […]
Business
August 8, 2025
New South Wales Greenlights On Nut Road’s Acquisition of Donaco
New South Wales has greenlit On Nut Road Limited’s acquisition of Donaco International, securing the final approval needed to close the deal. As a result, the latter company will delist from the Australian Stock Exchange on August 8. On Nut Road to Acquire Donaco On Nut Road, a Hong Kong-based, Argyle-backed special purpose vehicle, set […]
Business
August 8, 2025
Super Group Expresses Confidence in Long-Term Success, Eyes Further Crypto Opportunities
Super Group’s leadership has addressed the company’s record-breaking Q2 and discussed future opportunities for the business. Among other things, Super Group mentioned crypto as a sector it is closely following. Super Group Experienced Strong Growth in Most Markets Super Group’s recent Q2 report outlined new revenue and EBITDA records, sparking optimism about the company’s long-term […]
Industry
August 7, 2025
Maverick Gaming’s Bankruptcy Reportedly Linked to HG Vora Involvement
Maverick Gaming’s slide into bankruptcy has resurrected questions about the impact of HG Vora Capital Management on the operator’s rapid expansion. Recent reports allege that such involvement contributed to the company’s downfall. While the information remains unconfirmed, it raises questions about the influence investment firms have over the strategic decisions of gaming operators. Maverick’s Ambitious […]
Business
August 7, 2025
Super Group’s Q2 Broke Its Revenue and EBITDA Records
Global gaming giant Super Group has published its financial report for the second quarter of 2025, highlighting a new quarterly revenue record. The leadership praised the results and said that the investments in technology should position the group for long-term growth. The Company’s Quarterly Performance Was the Strongest on Record In the second quarter of […]
Business
August 7, 2025
Penn Entertainment Posts Strong Q2 Results as Interactive Segment Marks New Record
American gaming giant Penn Entertainment has published its financial report for the second quarter of the year, reporting an increase in revenue and EBITDA, as well as a significant narrowing of the company’s net loss. Penn’s Interactive Segment Reported Record-Breaking Figures In the second quarter of 2025, Penn Entertainment’s revenue reached almost $1.8 billion, marking […]
Business
August 6, 2025
Genius Sports’ Q2 Net Loss Offsets Double-Digit Revenue Growth
Genius Sports Limited, a company that powers sports, betting and media businesses with data, technology and broadcast services, has published its financial results for the second quarter of 2025. The company reported a double-digit increase in revenue and unveiled its outlook for the year. The Company’s Strong Revenues Were Offset by Net Loss of $53.9M […]
