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Casino
October 2, 2025
Bally’s Secures More Credit Facility Commitments as it Sells Back Property
Bally’s Corporation announced recently that it has secured additional commitments to its revolving credit facility, expanding the extended maturity tranche to $510 million and setting a new maturity date of October 2028. Here’s What Bally’s Promises Bally’s also disclosed that all lenders holding a combined $670 million in revolving credit facility commitments have approved the […]
Industry
October 1, 2025
Midnite to Triple Down on Growth Thanks to $100M Credit Facility
UK-facing sports betting operator Midnite has secured a revolving credit facility that will power its local expansion. This comes several months after the sportsbook closed a multi-million dollar funding round. The Funds Will Provide the Company with Financial Flexibility According to the latest announcement, Midnite has secured a revolving credit facility of up to $100 […]
Industry
September 15, 2025
Rumors Say Polymarket Considers $9B Valuation While Kalshi Targets $5B
Polymarket and Kalshi, two leading platforms in the prediction market space, are reportedly pursuing new funding rounds at valuations of $9 billion and $5 billion, respectively, marking a huge growth compared to just relatively recently. Polymarket and Kalshi Eye Multi-Billion-Dollar Valuations According to The Information, Polymarket has received offers valuing the company as high as […]
Business
September 15, 2025
Bragg Gaming Secures New Financing Deal to Boost Growth
Bragg Gaming Group has reached a new milestone thanks to a recent financing agreement with the Bank of Montreal (BMO) that will bolster the company’s financial position. This development will grant the iGaming technology provider access to fresh credit of up to $6 million. The funding will be instrumental in Bragg’s continued growth and expansion […]
Industry
September 9, 2025
New York GGR Increases in August, Following an Unexciting Summer
The New York State Gaming Commission (NYSGC) has published its revenue report for August, highlighting statistics about the performance of the local gaming industry. Sports Betting Experienced Significant Growth According to the NYSGC’s official report, the state’s total sports betting handle for August reached $2.04 billion, marking the first time gaming in the Empire State […]
Industry
September 8, 2025
Entain Stock Jumps as Analysts Discuss New Strategic Moves
Entain Plc shares rose this week after analysts discussed new strategies for its US joint venture and broader M&A plans. The betting company based in London and co-owner of BetMGM with MGM Resorts International, became the best-performing stock on the FTSE 100 on Friday after Jefferies issued an optimistic report. Jefferies Remains Optimistic on Entain […]
Industry
September 5, 2025
Sweden’s Gambling Market Shows Modest Growth amid Policy Debates
Sweden’s regulated gambling industry experienced a slight increase in second-quarter revenues, rising to SEK 7.02 billion ($750 million). According to recent data released by Spelinspektionen, the Swedish Gambling Authority, the figure represents an improvement of 1.9% compared to the same period last year and a more notable 5.9% increase from the previous quarter. However, some […]
Business
September 5, 2025
Allwyn Posts Unaudited Q2 Report, Highlights Strong Results
International lottery giant Allwyn International has published its preliminary unaudited financial report for the second quarter of 2025 (the three-month period ended June 30, 2025). The report outlined favorable increases across the board, with the exception of the company’s operating EBITDA, which suffered a hit. Another Quarter of Solid Financial Performance Allwyn’s unaudited Q2 report […]
Industry
September 5, 2025
Jefferies Improves Its Macau Casino Forecasts
Investment banking firm Jefferies has updated its Macau forecasts, increasing its gambling revenue projections for the region. Despite its previous reservations, the firm now seems much more optimistic about the local industry’s potential. Jefferies Is Optimistic About Macau Despite the Slower Start to 2025 Jefferies‘s previous forecast predicted that Macau’s casinos would reach MOP […]
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 […]
