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Business
June 19, 2025
Yolo Investments Completes Fund II, Reaching Its $115M Target
Yolo Investments, a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech has closed its flagship Fund II after reaching its target. The firm’s leadership was thrilled to have completed this milestone despite the challenging market conditions. Yolo Invested in 12 Companies, Plans to Invest in 10 More Yolo Investments announced […]
Business
June 18, 2025
Cirsa Plans to Generate $430M After Listing on Four Spanish Exchanges
Gaming company Cirsa announced Wednesday its intention to float on the Spanish stock exchanges, with plans to raise €400 million ($430 million) through an initial public offering of newly issued shares. Cirsa Announces IPO Plans to Raise $430M The Spanish gaming operator officially announced its plans for an initial public offering, aiming to raise the […]
Business
June 17, 2025
Hacksaw Promises to Raise $378M Through the Sale of Over 50 Million Shares
Popular iGaming supplier Hacksaw AB announced in its initial public offering (IPO) prospectus that its shareholders plan to raise up to €351.1 million (approximately $378 million) by offering up to 50 million shares, each priced at SEK77 (about $7.55). Hacksaw AB Moves Closer to IPO with Prospectus Release According to Hacksaw group CEO Christoffer Källberg, […]
Business
June 16, 2025
BetMGM Updates Full-Year Guidance Due to Strong Performance
Global sports betting and gaming giant Entain has published an update to the full-year guidance of the BetMGM brand due to its continued strength. The company promised to provide more details upon the release of its upcoming H1 update. Entain Updated the Guidance Entain, which co-owns BetMGM together with MGM Resorts International, reported that the […]
Industry
June 13, 2025
May Sports Betting in Tennessee Up 15.4% Year-Over-Year
Tennessee’s gross sports betting handle totaled $437.5 million in May, marking a year-over-year increase but showing a decline compared to April 2025. Tennessee Sports Betting Handle Hits $437.5M in May The May total of $437.5 million represented a 15.4% increase over the $379.2 million recorded in the same month last year. However, it was 5.6% […]
Industry
June 10, 2025
North Carolina Sports Betting Grows in May Ahead of Looming Policy Shifts
North Carolina’s sports wagering sector posted another strong month in May, underlining the state’s relentless appetite for regulated wagering just over a year after the market’s official launch. According to figures published by the NC Lottery Commission this week, bettors placed almost $550 million in wagers last month, maintaining steady year-on-year growth and indicating that […]
Industry
June 5, 2025
US iGaming Continues to Soar as Industry Hits $869M in April
While most US states remain reluctant to launch online casinos, those that have done continue to demonstrate the vertical’s potential. According to the latest report, the seven states where iGaming is legal generated $868.6 million in revenue in April alone, up 32.5% year-on-year. iGaming Continues to Grow in April Following a Record-Breaking March According to […]
Business
June 4, 2025
BetMakers Signs Binding Terms to Acquire LVDC for $800K in Cash
BetMakers, a specialist in technology, data and service solutions that simplify betting at critical points along the wagering lifecycle, unveiled its acquisition of LVDC, a Nevada-based service provider. The deal is expected to generate millions in revenue for the buyer. BetMakers to Acquire LVDC In its latest investor presentation, BetMakers announced that it has signed […]
Industry
June 3, 2025
Virginia’s Sportsbooks Reported an Increase in Handle in Q1
The Virginia Lottery, an organization responsible for regulating sports wagering in the Old Dominion, has published its latest wagering report. According to the figures, Virginians wagered more than they did in the prior-year period, although the handle was still lower than the handle recorded in March this year. The April Handle Increased The report, which […]
Casino
May 29, 2025
Aristocrat Gains Momentum on Slot Growth and M&A Outlook
A better-than-expected performance in April has renewed optimism in gaming manufacturer Aristocrat Leisure, according to Jefferies Equity Research analyst Kai Erman. After two sluggish months, gross gaming revenue (GGR) in the U.S. bounced back last month, giving Erman reason to believe Aristocrat’s momentum is just getting started. Slot Machine Proceeds and Gambling Revenue, Up Slot […]
