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Business
April 3, 2024
K&F Growth Capital Shares Concerns, Sends Letter to Bally’s
Back in March, Standard General, a company that currently holds a significant 23% stake in Bally’s Corporation, the leading gaming and entertainment company, disclosed its intentions to acquire all outstanding shares in Bally’s. This became clear from a filing with the US Securities and Exchange Commission (SEC). This non-binding letter proposed a price of $15 […]
Business
April 2, 2024
Virginia Sportsbooks Record 25% YoY Handle Boost in February
The Virginia Lottery, which regulates sports wagering in the Commonwealth of Virginia, has released the February 2024 report on sports wagering activity submitted by licensed operators in the state. According to official data, between February 1 and February 29, sports fans in Virginia wagered $545,068,429, with $540,138,289 in gross sports gaming revenue from mobile operators […]
Business
April 2, 2024
Advent International to Take Nuvei Private Under New Agreement
The leading payment technology provider, powering companies across the globe, Nuvei Corporation, announced a new strategic agreement. On Monday, the company confirmed it has entered into a definitive arrangement agreement to be taken private by the leading and most experienced global private equity investor, Advent International. The latest move is supported by the company’s holders […]
Legal
April 2, 2024
Finnish Court Suspends Order to Block Payments to Betsson
Several weeks ago, Finland blacklisted Betsson subsidiary BML Group, marking the first time it had taken such action against a Malta Gaming Authority-licensed firm. Under this ruling, Finnish banks, payment providers and cryptocurrency entities were required to block all payments from Finland to the operator. The decision to blacklist BML Group was made by the […]
Business
April 2, 2024
NY Betting Operators Post Uptick in Handle Fueled by March Madness
January 8, 2022, marked a monumental date for betting enthusiasts and sports fans alike in New York. This was the date when the state officially launched its online sports betting market, paving the way for the exponential expansion of the activity across The Empire State. Since the launch of mobile betting, more than two years […]
Business
April 2, 2024
Fitch: Bally’s Corporation’s Rating Downgraded, Outlook Negative
The leading ratings agency, Fitch Ratings, announced a new downgrade, affecting Bally’s Corporation. This marked another downgrade for the company recently, which has now seen action from three rating agencies, Fitch included. On Monday, Fitch Ratings said that it downgraded the company’s Issuer Default Rating (IDR) from “B+” to “B.” Additionally, the company said it […]
Industry
March 29, 2024
Nevada Gaming Achieves Impressive Heights in February
February saw a flurry of activity in Southern Nevada, propelled by the excitement of Super Bowl 58, the celebration of Chinese New Year, and a significant leap year. While some records remained intact, the gaming industry reached new heights, marking another exceptional month for Nevada’s tourism sector. Ongoing investments in infrastructure should ensure the state […]
Business
March 28, 2024
Allied Gaming Reports 21% Increase in Revenue for 2023, Cuts Costs
The fast-growing esports entertainment and gaming company with a global presence, Allied Gaming & Entertainment (AGAE), released its latest financial update, highlighting key details for its performance during the fourth quarter and full year 2023. The company reported strong growth in revenue, complemented by a decrease in costs and expenses. In total, AGAE’s revenue for […]
Business
March 28, 2024
Conexus Group Launches M&A Advisory Firm Conexus Capital
The portfolio of world-class businesses that specialize in the provision of recruitment, training, consulting, Mergers & Acquisitions (M&A) Advisory, marketing, and managed services, Conexus Group, has announced the launch of a specialist M&A advisory firm. As announced by the group with offices all around Europe, the US, and the Asia Pacific region, the new firm, […]
Business
March 28, 2024
888 Confirms Intention to Sell US B2C Assets to Hard Rock Digital
The leading gaming and entertainment company, 888 Holdings, currently has a presence in four US states. The company has established iGaming operations in New Jersey, offers sports betting in Virginia and Colorado and has iGaming and sports betting presence in Michigan as well. Earlier this month, 888 confirmed it engaged in a review of its […]
