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Business
October 15, 2025
Entain Posts Q3 Results, Reiterates FY 2025 Guidance
Entain has published its Q3 financial update, highlighting favorable metrics. Thanks to the increasing financials, the company reiterated its FY 2025 guidance. Entain Experienced Stable Growth In its report for the three-month period from July 1 to September 30, 2025, Entain recorded a total group net gaming revenue (NGR) increase of 7% on a constant […]
Business
October 14, 2025
BetMGM Posts Q3 2025 Update, Highlights Double-Digit Increase in Revenue
Leading sports betting and iGaming operator BetMGM has published its Q3 2025 update, highlighting a double-digit increase in revenue. Revenues Continued to Soar In its report, BetMGM emphasized that its Q3 performance has been ahead of expectations due to tailwinds across both its betting and online gaming divisions. As a result, the company’s net revenue […]
Business
October 14, 2025
Xtremepush Secures Investment of Almost $13M from AshGrove Capital
Xtremepush, an AI-driven CRM and gamification platform, has raised $12.6 million in new funding from long-standing investment partner AshGrove Capital, aiming to use the new funds for further expansion into new markets. Xtremepush and AshGrove Capital Sign Financing Deal According to a press release, the B2B software-focused investor has provided the company with a flexible […]
Legal
October 13, 2025
Gambling Mogul Marcel Boekhoorn Ordered to Divest His Novum Bank Shares
Dutch billionaire Marcel Boekhoorn, a major investor in the gambling sector, has been directed by the Malta Financial Services Authority (MFSA) to divest his shares in Novum Bank after losing his “fit and proper” status. MFSA Orders Boekhoorn to Divest His Shares Boekhoorn, who has significant investments in casino game developer Habanero Systems, is among […]
Business
October 13, 2025
Kalshi Secures $300M Funding, Hits $5B Valuation
Tarek Mansour, CEO of Kalshi, has confirmed in a LinkedIn post the long-rumored $300 million investment secured in the company’s latest funding round, bringing the company’s valuation to $5 billion, as stated last month. Kalshi’s CEO Announces the Company Hit Its Previously-Stated Validation This new capital injection boosts the valuation of the prediction market leader […]
Business
October 13, 2025
High Interest Rates Put Casino M&A Activity on Hold
Mergers and acquisitions in the casino industry seem to have slowed down, as steep borrowing costs continue to discourage big deals. Talks at the recent Global Gaming Expo (G2E) in Las Vegas suggest that the usual excitement around deal-making has died down this year. Caution Dominates G2E as Casino M&A Waits for Interest Rate Relief […]
Business
October 10, 2025
Splash Sports’ Latest Funding Round Nets the Company $14.5M
Splash Sports, a leader in skill-based social sports gaming, announced that it has completed a Series B funding round, securing millions of dollars to expand its business across North America. The Funding Round Will Allow Splash to Scale Its US Business According to Splash Sports’ announcement, the DFS company has raised $14.5 million in a […]
Industry
October 7, 2025
Sharp Alpha to Invest $150M to Boost Customer Acquisition in Gaming
Gaming-oriented venture capital firm Sharp Alpha has closed a $150 million fund that, according to the company, will empower gaming businesses. Sharp Alpha to Empower Gaming Businesses According to the announcement, the Sharp Alpha UA Fund I will target a variety of businesses in sectors such as sports betting, online casino, and prediction markets. The […]
Industry
October 3, 2025
Prediction Markets Won’t Hurt Sportsbooks’ Earnings, Macquarie Analyst Says
Prediction market products are not competitive with traditional sportsbook operators, Macquarie senior gaming, lodging & theatres analyst Chad Beynon said, so they shouldn’t have a significant financial impact on their earnings in 2025. Prediction Markets Gain Ground but That Won’t Negatively Impact 2025 Earnings, Beynon Claims Beynon stated that the threat appears genuine, especially in newly regulated states where […]
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 […]
