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Industry
February 27, 2025
Brazil’s Booming Gambling Market Poised for Major Consolidation
Brazil’s online betting and iGaming industry has enjoyed explosive growth, with active player accounts projected to reach 36 million by next year. As more companies seek to obtain a Brazilian license, especially in the highly lucrative sports betting vertical, industry experts predict a wave of consolidations as the market matures. Consolidation Could Be Inevitable The […]
Business
February 27, 2025
GiG Software Publishes 2024 Report, Expresses Optimism Despite the Challenges
GiG Software, a leading business-to-business provider of iGaming technology, has posted its report for Q4 and FY 2024. The report highlighted mixed results in the wake of GiG’s historic business split into GiG Software and Gentoo Media. GiG Software Reports Suboptimal Q4 Results For the fourth quarter of the year, GiG Software reported underlying revenue […]
Business
February 26, 2025
Light & Wonder Will No Longer Offer Live-Dealer Games
Officials talked about Light & Wonder’s 2024 Q4 earnings, explaining many things about the company’s future, including the scrapping of live-dealer games. Light & Wonder Ditches Live-Dealer Games Light & Wonder, a prominent US land-based and iGaming company, announced that it would cease operations of its live-dealer games. The news comes from CEO Matt Wilson […]
Business
February 26, 2025
Kambi Posts Stable 2024 Report But Modest Guidance Alienates Investors
Kambi Group has published its Q4 and FY 2024 results, highlighting a slight increase in revenue. Despite that, the company’s modest guidance caused its shares to take a dip. Kambi’s Results Were Mostly Stable In its report, Kambi reported revenue of EUR 44.5 million ($46.6 million) for Q4 and EUR 176.4 million ($185 million) for […]
Business
February 26, 2025
MGM China Reportedly Looking to Borrow $2B
MGM China, the China-facing division of gaming & hospitality giant MGM Resorts, is reportedly looking to borrow $2 billion to expand its properties in Macau and refinance its outstanding debt. A Loan Makes Sense Considering MGM China’s Strong Position According to a report by Bloomberg, people familiar with the matter reported that MGM China is […]
Business
February 26, 2025
Caesars Publishes 2024 Financials, Considers Divesting Non-Core Assets
American gaming powerhouse Caesars Entertainment has published its Q4 and FY 2024 financials, highlighting stable revenue and an increase in net income, despite a slight decline in adjusted EBITDA. In addition to that, the company announced that it is open to the possibility of selling more non-core assets in order to reduce its debt. Caesars […]
Business
February 26, 2025
Fertitta Raises Stake in Wynn to Over 10%, Becomes Business Insider
Wynn Resorts has submitted a Securities and Exchange Commission Form 3, confirming that billionaire Tilman Fertitta has increased his stake in the company to over 10%. As a result, he is now considered a “business insider” for the casino & hospitality giant. The Billionaire Became a Business Insider Tilman Fertitta is no stranger to the […]
Business
February 26, 2025
IGT Revenue Slightly Down in 2024 But Business Remains Strong
Gaming leader IGT has published its Q4 and FY 2024 report, outlining a slowdown in revenue and debt reduction successes. The Company’s Financials Remain Strong Despite Fluctuations In Q4, the company reported revenue of $651 million, down 4% year-on-year. Despite that, instant ticket and draw game sales remained strong. The company posted income from continuing […]
Business
February 25, 2025
Cirsa Might Go Public in April, According to Rumors
The private equity firm Blackstone might make Cirsa public with official announcements expected to come on March 13, according to some rumors. Cirsa to Allegedly Go Public in April According to recent rumors, Blackstone aims to take the Spanish gambling company Cirsa public in mid-April. This was first reported by the Spanish financial publication Expansión, […]
Business
February 24, 2025
SharpLink Secures Stake in CryptoCasino Owner Armchair Enterprises
SharpLink Gaming, a provider of online marketing to the iGaming and sports betting industries, announced that it has secured a stake in Armchair Enterprises Limited, the owner and operator of CryptoCasino.com. This investment, according to SharpLink Gaming, is in line with its ambition to expand into the lucrative cryptocurrency gaming market. SharpLink Makes a Foray […]
