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Business
May 6, 2025
Allwyn UK Faces Potential Trouble for Failing to Achieve Targets
The Czech lottery giant Allwyn could face regulatory trouble in the UK due to its failure to achieve one of its contractual targets. In its annual report, the lottery company confirmed that the UK Gambling Commission is reviewing the case and whether it should take regulatory action. The Operator Failed to Achieve One of the […]
Business
May 2, 2025
EveryMatrix Q1 Results Spark Hope for Outstanding 2025 Performance
EveryMatrix, a leading provider of gaming content, technology and services, has published its report for the first quarter of 2025, saying that it is “set for another powerhouse year.” EveryMatrixs Started 2025 on a Strong Note In its report, the tier-1 supplier outlined a Q1 net revenue of EUR 54 million ($61.3 million), marking an […]
Business
May 2, 2025
Better Collective Appoints Co-CEO as Part of Its Revamped Strategy
Better Collective has appointed the experienced Christian Kirk Rasmussen as its co-chief executive officer in a move that will strengthen the company. Described by CEO Jesper Søgaard as a reliable ally, Rasmussen will help steer the company as it prepares to seize new opportunities. The Company Is Pursuing Further Growth The appointment was announced by […]
Business
May 2, 2025
Flutter Closes Its $2.6B Acquisition of Snai from Playtech
Flutter Entertainment, a leading online sports betting and iGaming company, announced that it has closed its previously announced acquisition of Snaitech (Snai), one of Italy’s top omni-channel operators. Flutter Cements Its Leadership in Italy Consistent with the earlier announcement, Flutter will acquire Snaitech for EUR 2.3 billion ($2.6 million) from a subsidiary of Playtech. Flutter […]
Business
May 1, 2025
Star Entertainment Announces Losses in Third Quarter
Earlier this week, the Star Entertainment Group explained it had swung to an operating loss in the third quarter, which ended on March 31. Star Entertainment Announces Concerning Trends The company posted a loss of A$21 million ($13.41 million) in earnings before interest, taxes, depreciation, and amortization (EBITDA), excluding significant items, compared to an EBITDA […]
Business
May 1, 2025
Las Vegas Sands Strengthens Balance Sheet with $1.5 Billion Bond Offering
Las Vegas Sands Corp. is bolstering its financial foundations with a $1.5 billion refinancing initiative, part of a strategic push to reduce its debt profile and retain flexibility as the company expects long-term growth and lasting dividends across its global gaming portfolio. This move reflects the casino giant’s continued dedication to conservative financial practices and […]
Industry
May 1, 2025
Caesars and Harveys Lake Tahoe Embark on $160M Renovation Journey
Caesars Entertainment is set to dramatically reimagine its historic Harveys Lake Tahoe property with plans for an extensive $160 million renovation. This project will bring high-profile improvements to the venue without disrupting the guest experience, marking a bold new chapter for one of the region’s most iconic casino hotels. The Property Will Retain Its Iconic […]
Business
May 1, 2025
Robinhood: Customers Traded 1 Billion Contracts in the Past 6 Months
Robinhood Markets has published its Q1 2025 report. Among other things, the trading platform announced that a billion contracts have been traded in the past six months alone. The Company Kicked 2025 off with a Bang In the three months ended March 31, Robinhood’s total net revenues reached $927 million, up 50% year-on-year. The company […]
Business
May 1, 2025
Coates Family Reportedly Eyeing $12B Bet365 Sale
The Coates family is reportedly eyeing a sale of the Bet365 brand. While no official announcement has been made yet, people familiar with the matter say that Denise Coates, Bet365’s chief executive officer, has been in talks about a potential sale. Bet365 Sale Rumored to Be on the Table The Guardian reported that Denise Coates […]
Industry
May 1, 2025
Jefferies Analyst Bullish on Slots Despite Transitory Casino Slowdown
Jefferies Equity Research has suggested that demand for slot machines remains strong despite regional fluctuations in gambling revenues. The organization suggested slot machine revenue will likely continue to increase in the wake of a somewhat slow February. The Analyst Believes the Slowdown Is Only Temporary Kai Erman, a Jefferies Equity Research analyst, weighed in on […]
