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Gambling News - 'Finance'
Business
December 12, 2024
Gambling.com Continues to Expand with Odds Holdings Acquisition
The fast-growing provider of digital marketing services to the global online gambling industry, Gambling.com Group, announced its plans to acquire OddsJam’s parent company Odds Holdings, Inc. The Acquisition Is Expected to Close In 2025 On Thursday, the former company confirmed it entered into a definitive agreement to acquire Odds Holds in a deal that has […]
Business
December 12, 2024
VICI Properties Teams Up with IGP to Grow Canadian Gaming Portfolio
VICI Properties Inc., a key player in experience-based real estate, has struck a deal to change its master lease agreement with PURE Canadian Gaming Corp. This move allows Indigenous Gaming Partners Inc. (IGP) to buy PURE’s operating assets. The deal represents a big move in VICI‘s growth beyond its borders and highlights its aim to […]
Industry
December 10, 2024
Spain Records 14.4% GGR Growth in Q3 2024
Spain’s gambling regulator, the DGOJ, has published data about the local industry’s performance in the third quarter of the year. As the local advertising regulations eased up and operators’ marketing spending increased, the industry recorded significant growth. Spanish Gaming Continued to Grow According to the DGOJ, Spain’s overall gambling sector reported $366.3 million for the […]
Business
December 10, 2024
Philippine Gambling Sector on Track for $6B Revenue in 2024
The gambling sector in the Philippines is expected to continue growing, surpassing the reported gross gaming revenue (GGR) in 2023. That’s the opinion of the chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro Tengco, who recently spoke to reporters. GGR to Continue Growing, Plan to Ban POGOs Underway The target set by PAGCOR […]
Industry
December 10, 2024
Pennsylvania Stood at the Top in Terms of 2023 Casino Taxes
While Pennsylvania isn’t the first state that people would associate with gambling, the Commonwealth’s industry is not only on par with other major gambling states but also takes the top spot in terms of casino taxes. However, the increased participation in games of chance has also sparked calls for enhanced safer gambling measures. Pennsylvania Reported […]
Business
December 9, 2024
Allwyn Q3 Boosted by Strong Performance in Key Markets
Allwyn has published its preliminary unaudited financial results for the third quarter of 2024. As the company recorded increases across the board, CEO Robert Chvatal expressed excitement about its standout performance in Greece and Cyprus. A Strong Quarter for Allwyn In Q3 2024, Allwyn reported a total revenue of EUR 2.14 billion ($2.26 billion), marking […]
Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Legal
December 3, 2024
PSG FC Slams Cbet with Bankruptcy Claim in Curaçao
Top-flight soccer club Paris Saint-Germain has filed a bankruptcy claim against its former sponsor Cbet. While the sponsorship deal lasted only a single season, the gambling company continued listing the team as a partner. Cbet Might Be in Trouble As reported by NEXT.io, PSG filed the claim against Cbet’s parent company, AK Global NV, in […]
Business
November 29, 2024
Blackstone Plans Spain IPO for Cirsa in 2025
Blackstone, the US-based private equity firm, is getting ready to put some of its shares in the Spanish gambling company Cirsa on the Madrid stock exchange at the start of 2025. IPO Planned as Blackstone Eyes €700M to €1B Market Valuation The company wants to float 20% to 25% of Cirsa, with people thinking it […]
Industry
November 28, 2024
Playtech Investors to Vote on €100M Executive Remuneration Proposal
Earlier this year, Playtech confirmed it is in talks with Flutter Entertainment for the sale of its business-to-consumer (B2C) arm, Snaitech. Then, in September, the company confirmed that the proposed sale of the asset has a price tag of £2.3 billion (approx. $3 billion). Concurrently, Playtech proposed a directors’ remuneration plan, which proved to be […]