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Industry
March 4, 2025
Bally’s Hits Roadblock in $250M Chicago IPO
Bally’s bid to raise $250 million in an initial public offering (IPO) for its highly anticipated Chicago casino project has hit a significant roadblock. The setback has delayed the company’s inclusive equity commitments and fundraising goals, further complicating an already ambitious $1.7 billion development plan in River West. Chicago Mandated at Least a 25% Minority […]
Business
March 4, 2025
Genius Sports’ Q4 and FY 2024 Report Highlights Strong Financials
Genius Sports has become the latest sports data company to publish its Q4 and full-year report. The company has likewise posted its guidance for 2025, confirming that it expects its metrics to continue hiking. Genius Sports’ Metrics Increased Across the Board In the fourth quarter of the year, Genius Sports’ group revenue was up 38% […]
Business
March 4, 2025
Adventure Box to Spend $16M on iGaming Assets Acquisition
Adventure Box Technology, a Swedish computer game technology company based in Stockholm, announced that it has entered into a non-binding Letter of Intent to purchase a portfolio of iGaming assets. This move reflects Adventure Box’s continued intense M&A activity. Adventure Box Seeks Affiliate Marketing Growth According to the announcement, the new assets will highlight the […]
Business
February 28, 2025
BetMGM to Assume Control of MGM’s Sin City Sportsbooks
The Nevada Gaming Commission has allowed up-and-coming betting brand BetMGM to run MGM Resorts’ sports wagering operations in Las Vegas. This marks a significant development for the brand, which continues its growth journey. BetMGM to Take Over MGM Resorts’ Betting Operations CDC Gaming, which broke the news on this story, said that BetMGM, which was […]
Business
February 28, 2025
Golden Entertainment Executives Weigh in on Q4, Expect Recovery in 2025
Golden Entertainment, the company operating Las Vegas’ The Strat, is bullish on 2025, believing that business conditions will improve. During the company’s latest earnings call, executives weighed in on the matter, expressing confidence in the business’ near-term success. The Operator Is in Strong Position Despite the Setbacks Charles Protell, Golden Entertainment’s president and chief financial […]
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 […]
