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Industry
July 8, 2025
Maryland Casino Revenue Dips in June as Fiscal Year Ends
Maryland’s six licensed casinos brought in $160.67 million in revenue from slot machines and table games in June 2025, reflecting a 1.4% decrease compared to the same month last year. Maryland Casinos See Less Revenue in June Compared to Last Year This decline comes after a stronger performance in May, when statewide revenue increased by […]
Industry
July 7, 2025
Singapore Regulator Fines 9 Financial Orgs Over AML Lapses Related to Gambling
Singapore’s Monetary Authority of Singapore (MAS), has imposed a total fine of S$27.45 million ($21.45 million USD) on nine financial institutions for anti-money laundering (AML) lapses connected to one of the country’s biggest-ever money laundering cases. Singapore Regulator Fines Several Institutions Over AML Failures According to the MAS, the financial institutions involved failed to enforce […]
Business
July 2, 2025
Fintech Powerhouse Yaspa Secures $12M in Funding to Expand in the US
Yaspa, a hyper-growth financial technology company based in London, confirmed that it has received $12 million in its latest funding round. The extra money will allow the business to double down on US expansion plans. Yaspa Eyes US Growth Yaspa clarified that the funding round was led by Discerning Capital, which single-handedly contributed $10 million […]
Industry
July 2, 2025
Cirsa’s IPO to Seek Valuation of Almost $3B
Blackstone’s gambling company Cirsa is steadily proceeding with its initial public offering plans. As it turns out, the company is seeking а valuation of approximately $3 billion, according to reports. Cirsa Targets $2.95B Valuation Reuters reported that Cirsa’s upcoming IPO will target a total valuation of approximately $2.95 billion. The company is set to offer […]
Business
June 25, 2025
Hacksaw Completes Incredibly Successful IPO
Hacksaw AB, which had sought to raise $378 million via its initial public offering (IPO), has officially begun trading on Nasdaq Stockholm. The company’s IPO was a spectacular success and saw it raise approximately $404 million, surpassing the earlier projections. The IPO Valuated Hacksaw at over $2B Hacksaw’s IPO proved to be a success as […]
Business
June 25, 2025
The Star Entertainment’s Shareholders Give the Go-Ahead to Bally’s AUD 300M Lifeline
The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. Shareholders Greenlight Bally’s Aid In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche […]
Business
June 23, 2025
JPMorgan Bullish on Penn Entertainment’s Long-Term Trading Prospects
JPMorgan has shared an optimistic outlook for Penn Entertainment’s stock, expecting it to experience a significant recovery. The favorable forecast was largely due to Penn’s upcoming projects and market presence. JP Morgan Is Optimistic About the Company’s Trading Future JPMorgan’s coverage outlined a price target of $24.00 for Penn, expecting it to experience growth of […]
Business
June 19, 2025
Yolo Investments Completes Fund II, Reaching Its $115M Target
Yolo Investments, a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech has closed its flagship Fund II after reaching its target. The firm’s leadership was thrilled to have completed this milestone despite the challenging market conditions. Yolo Invested in 12 Companies, Plans to Invest in 10 More Yolo Investments announced […]
Business
June 18, 2025
Cirsa Plans to Generate $430M After Listing on Four Spanish Exchanges
Gaming company Cirsa announced Wednesday its intention to float on the Spanish stock exchanges, with plans to raise €400 million ($430 million) through an initial public offering of newly issued shares. Cirsa Announces IPO Plans to Raise $430M The Spanish gaming operator officially announced its plans for an initial public offering, aiming to raise the […]
Business
June 17, 2025
Hacksaw Promises to Raise $378M Through the Sale of Over 50 Million Shares
Popular iGaming supplier Hacksaw AB announced in its initial public offering (IPO) prospectus that its shareholders plan to raise up to €351.1 million (approximately $378 million) by offering up to 50 million shares, each priced at SEK77 (about $7.55). Hacksaw AB Moves Closer to IPO with Prospectus Release According to Hacksaw group CEO Christoffer Källberg, […]
