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Business
March 21, 2025
XLMedia Receives Only $1M Despite Robust Sportradar Financials
XLMedia PLC, a once-leading digital media company, recently announced it will receive a performance-related earnout of $1 million from Sportradar AG. This development comes after XLMedia sold its North American business to Sportradar in November 2024, a deal that initially envisioned a maximum total potential consideration of up to $30 million. Sportradar’s Business Model Proved […]
Business
March 21, 2025
Fitch Affirms BB- Rating and Stable Outlook for MGM Resorts
Fitch Ratings affirmed a BB- rating for MGM Resorts International and its subsidiaries. The rating reflects MGM’s EBITDA leverage and places MGM’s stock into non-investment grade. In addition to an Issuer Default Rating (IDR) of BB-, Fitch affirmed MGM’s senior secured debt at BB+ with a Recovery Rating of RR1. The unsecured debt, on the […]
Business
March 20, 2025
Gambling.com Confirms Strong Q4, Expects Continued Momentum
Gaming industry affiliate services provider Gambling.com has published its official Q4 and 2024 report, showing results that were mostly consistent with the figures outlined in its earlier preliminary report. The company reiterated its optimistic 2025 revenue and EBITDA outlook, expressing confidence in its position. The Company’s Results Are Consistent with Its Preliminary Report The company’s […]
Business
March 20, 2025
Sweden Nominates New Svenska Spel Chair & Board Members
Svenska Spel, Sweden’s state-owned gambling operator, unveiled a number of board nominations. The government proposed the appointment of a new chair, two new members, and the re-election of five others. Eva-Lotta Sjöstedt Nominated as Chair According to Svenska Spel’s official announcement, the government has decided to nominate the experienced Eva-Lotta Sjöstedt as chairwoman of Svenska […]
Industry
March 20, 2025
EL Names Industry Heavyweight Baeveghem as Secretary General
The European Lotteries, the European umbrella organization of national lotteries operating games of chance, including sports betting, announced the appointment of a new secretary general. The appointee is set to step into the office later this year and continue to grow and strengthen the organization’s unique societal mission. EL Names a New Secretary General According […]
Business
March 20, 2025
Bragg Gaming Publishes 2024 Financials, Reaffirms Guidance
Bragg Gaming Group has published its official financials for 2024, confirming many of the metrics outlined in its previously published preliminary report. The company reiterated its optimistic outlook for 2025, saying that it expects its revenue to continue soaring. The Report Was Strong, as Expected In Q4, the company’s revenue increased 16.3% year-on-year to a […]
Business
March 19, 2025
Sportradar Publishes FY24 Report, Confirms IMG ARENA Acquisition
Sports data giant Sportradar has published its FY 2024 results, reporting a significant increase in revenue. In addition to that, the company unveiled a major new acquisition deal, announcing that it will acquire IMG ARENA in a $225 million deal. Sportradar Publishes Its 2024 Report In its report, Sportradar outlined full-year revenue of EUR 1.1 […]
Lottery
March 18, 2025
Flutter’s Sisal Challenges IGT for Italy’s Lotto License
In line with an earlier announcement, Flutter Group’s Sisal has joined the race for Italy’s oldest lottery license and is set to compete with international gaming powerhouse IGT. The latter company has held the license for a while and is unlikely to give it up easily. Sisal’s Bid Is Backed by Scientific Games The deadline […]
Business
March 14, 2025
LNW Gaming to Shut Down Michigan Facility, Lay Off Workers
Light & Wonder subsidiary LNW Gaming has announced that it will be shutting down a facility in Michigan. This will lead to layoffs, which will affect roughly 100 employees, according to a filing by the company. Layoffs Are Upcoming As outlined in a WARN notice submitted to the Michigan Department of Labor and Economic […]
Industry
March 13, 2025
Gambling Industry Leaders Address Rising Challenges and Emerging Opportunities
At the NEXT Summit New York 2025, gambling industry executives, legal experts, and visionaries gathered to discuss the new challenges and opportunities shaping the future of gaming and wagering. Regulatory scrutiny, responsible gambling initiatives, and economic volatility were among the most popular topics as panelists emphasized the importance of strategic flexibility in an evolving industry. […]
