Gambling News - 'Business'
Business
October 31, 2025
RSI Posts Q3 Results, Reports 10th Consecutive Quarter of Growth
Online gaming and betting leader Rush Street Interactive (RSI) has published its financials for the three-month period ended September 30, 2025 (Q3), reporting record-breaking quarterly revenue. The company’s favorable performance caused it to increase its full-year guidance. RSI’s Revenues Continued to Soar In its report, RSI outlined revenue of $277.9 million, representing an increase of […]
Business
October 30, 2025
MGM Resorts Misses Q3 Estimates amid Las Vegas Weakness
MGM Resorts International did not meet Wall Street’s expectations for the third quarter of 2025, as poor performance on the Las Vegas Strip and one-time charges related to its Empire City exit impacted financial results. Shares of the casino and hospitality giant dropped by more than 5% in after-hours trading on Wednesday after the release […]
Business
October 30, 2025
Jumbo Interactive Sets Sail for America with $36M Dream Giveaway Acquisition
Australian iLottery expert Jumbo Interactive announced the completion of its AUD 55.4 million ($36.3 million) acquisition of US prize draw company Dream Giveaway. This will allow the former business to make a foray into the US, capitalizing on the growing demand for lottery products. Jumbo Penetrates the US Market The deal was closed on October […]
Business
October 29, 2025
Industry Veterans Launch Big Daddy Gaming, a Disruptive Game Studio
A trio of esteemed gaming industry veterans has joined forces to disrupt the slots sector with a new studio. Titled Big Daddy Gaming, the project seeks to breathe new life into the slots market. Gaming Experts Unveil Big Daddy Gaming As mentioned, Big Daddy Gaming was founded by a trio of gaming industry veterans. These […]
Business
October 29, 2025
Reports Say Polymarket Could Launch in the US by the End of November
Reports have teased that Polymarket’s official launch in the US could happen sooner than many have imagined. According to Bloomberg, the prediction markets platform could go live in America by the end of November, allowing it to potentially capitalize on the remainder of the football season and other upcoming events. Polymarket’s US Return Looms Bloomberg […]
Business
October 28, 2025
Evoke Posts Q3 Report, Remains on Track to Beating Market Expectations
Gambling leader evoke has published its financial results for the three-month period ended September 30, 2025 (Q3). The company highlighted slight increases across the board and expressed confidence in delivering adjusted EBITDA ahead of current market expectations. Evoke Reports Its Fifth Consecutive Quarter of Growth In its report, evoke highlighted revenue of GBP 435 million […]
Industry
October 28, 2025
Musk’s Boring Co. Is Buying More Properties Along the Las Vegas Loop
The Boring Co. is acquiring real estate along planned expansions of its underground Las Vegas Loop, a move that some analysts view as a potentially risky investment with uncertain returns. Why Is Musk’s Company Buying More Properties in Las Vegas? Since the project’s launch in 2021, subsidiaries of the Boring Co. have bought eight properties […]
Business
October 28, 2025
Banijay Acquires Majority Stake in Tipico to Create “European Betting Champion”
French multinational television production and distribution company Banijay Group announced that it has acquired a majority stake in sports betting company Tipico Group. The former said that it plans to merge its Betclic brand with Tipico, resulting in a stronger betting business. Banijay Acquires Majority Stake in Tipico In its announcement, Banijay said that it […]
Business
October 24, 2025
Games Global Cuts Isle of Man Roles amid Global Restructuring
Games Global, one of the leading employers in the Isle of Man’s online gaming sector, has begun to downsize its workforce at its Douglas headquarters as part of the international restructuring. The decision has sparked concerns among staff and attracted the attention of the local authorities, who have confirmed that several positions have been made […]
Business
October 23, 2025
Power Struggles Deepen at Ainsworth Game Technology
Ainsworth Game Technology (AGT), the Australian slot machine developer founded by the legendary Len Ainsworth, continues to suffer from significant internal power struggles. The latest twist comes from Len’s son, Kjerulf Ainsworth, who has launched a proportional bid to lift his stake in the company from 7.27% to just under 10% as he seeks to […]