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Business
September 3, 2025
Jason Ader’s 26 Capital Collapses into Bankruptcy After Failed Okada Manila Deal
Wall Street investor Jason Ader, well-known for his high-profile ventures into the gaming sector, has placed 26 Capital Acquisition Corp, his special purpose acquisition company (SPAC), into Chapter 11 bankruptcy. The filing marks a dramatic fall from grace for a company that once aimed to bring one of Asia’s largest integrated resorts, Okada Manila, onto […]
Business
September 3, 2025
Holland Casino Swings Back to Profitability Despite Rising Tax Pressures
As the first half of 2025 draws to an end, Holland Casino posted a profit of EUR 14.2 million ($16.6 million), reversing the loss in the same period last year. While positive, these gains are the result of significant cost-cutting measures, strategic restructuring, and the sale of two properties, rather than stemming from an increase […]
Business
September 2, 2025
Analysts Flag Structural Challenges for Tabcorp Despite Earnings Lift
Australian gambling giant Tabcorp is expected to post improved financial results in Q2 2025. However, analysts warn that deeper structural issues continue to loom over the company’s future. Recent regulatory issues and policy changes in key regions could further undermine the operator’s position if it fails to adapt. On-Course Shops Will Be the First to […]
Business
September 2, 2025
Glitnor Group Secures EUR 55M Facility from HG Vora Capital
Glitnor Group has secured a significant financial investment following a contribution of EUR 55 million ($64.2 million) from the US-based HG Vora Capital Management. This capital injection will support the operator’s expansion via mergers and acquisitions while bolstering strategic growth initiatives in regulated markets across Europe and North America. The deal should also help Glitnor […]
Sports
August 28, 2025
Our Hong Kong Foundation Wants to Fund Sports with Betting Money
Our Hong Kong Foundation, a Hong Kong think tank focused on the city’s social and economic development, has encouraged the government to use the proceeds from betting to enhance the local sports sector. The Think Tank Wants to Turn Hong Kong into a Mega Sports Events Capital In its latest report, Our Hong Kong Foundation […]
Industry
August 28, 2025
Inspired Entertainment to Sell Holiday Parks Business to GENDA
Inspired Entertainment, a leading B2B provider of content, technology, hardware, and services to the gaming industry, has unveiled the planned sale of its holiday parks business and certain associated leisure assets. Inspired Offloads Its Holiday Parks Business In its official press release, Inspired Entertainment said that it has entered into a definitive agreement with entertainment […]
Industry
August 27, 2025
The Star Fails to Negotiate Covenant Waivers with Lenders
The Star Entertainment Group’s financial troubles continued, as the company found itself unable to secure lender waivers that would have allowed it to breach the terms of its debt agreements without risking penalties. The Terms Are Unacceptable to The Star In an official Australian Securities Exchange (ASX) release, the company responded to a recent publication […]
Business
August 22, 2025
Hann Holdings Defers $236M IPO as Casino Markets Change
Hann Holdings Inc. has chosen to postpone its PHP 13 billion ($236 million) initial public offering (IPO). Prior to this decision, the company remained undeterred by the struggles facing the country’s brick-and-mortar casinos. Hann Holdings Inc. Takes a Step Back Hann stated that the decision was prompted by current market conditions and sentiment, which the […]
Industry
August 22, 2025
PGCB Publishes July Report as Industry Revenue Grows to $558M
The Pennsylvania Gaming Control Board (PGCB) has published its financial report for July, highlighting a double-digit increase in gaming revenue. While most verticals experienced growth, table games, VGTs, and fantasy sports declined slightly. Online Gaming, Especially Slots, Experienced Stellar Growth According to the PGCB, the combined total revenue generated by the state’s gaming industry reached […]
Business
August 21, 2025
Better Collective Holds Steady According to Q2 2025 Interim Report
Leading digital sports media group, Better Collective, has published its interim report for the second quarter of 2025, showing results in line with expectations, despite revenue declining year-on-year as the group continues to tackle regulatory changes in primary markets. 18% Revenue Drop In Q2 2025 Revenue reached EUR 82 million (USD 95.5 million), signaling an […]
