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 […]
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 […]
