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Industry
March 5, 2025
UK Bank Santander Criticized for Sending Anti-Gambling Emails to Customers
Santander, a prominent UK bank, has been sending customers emails about their gambling habits, which many have said is an infringement of their privacy. Santander Comes Under Fire Santander customers have reported receiving emails warning them about “high” levels of gambling. According to many of them, this is a “massive overreach” on the part of […]
Business
March 4, 2025
Genius Sports’ Q4 and FY 2024 Report Highlights Strong Financials
Genius Sports has become the latest sports data company to publish its Q4 and full-year report. The company has likewise posted its guidance for 2025, confirming that it expects its metrics to continue hiking. Genius Sports’ Metrics Increased Across the Board In the fourth quarter of the year, Genius Sports’ group revenue was up 38% […]
Business
February 28, 2025
Nevada Gambling Operators Post Solid Gaming Win in January
The gambling industry in Nevada is off to a stellar start of the year, the latest revenues and collections report by the state’s gambling regulator reveals. On Thursday, the Nevada Gaming Control Board (NGCB), the gambling regulator in the state, released the latest financial update, highlighting that gaming win last month soared by nearly 13% […]
Business
February 28, 2025
Star Entertainment Shares Dip amid Financial, Trading Woes
The Star Entertainment Group, Australia’s embattled casino operator, saw its share price dip amid potential delays in the release of its recent financial report and threats about a temporary trading halt on the ASX. Star Entertainment Looks for Liquidity Proposals The troubled operator released a statement Thursday revealing that one of its substantial shareholders decreased […]
Business
February 27, 2025
GiG Software Publishes 2024 Report, Expresses Optimism Despite the Challenges
GiG Software, a leading business-to-business provider of iGaming technology, has posted its report for Q4 and FY 2024. The report highlighted mixed results in the wake of GiG’s historic business split into GiG Software and Gentoo Media. GiG Software Reports Suboptimal Q4 Results For the fourth quarter of the year, GiG Software reported underlying revenue […]
Business
February 26, 2025
Kambi Posts Stable 2024 Report But Modest Guidance Alienates Investors
Kambi Group has published its Q4 and FY 2024 results, highlighting a slight increase in revenue. Despite that, the company’s modest guidance caused its shares to take a dip. Kambi’s Results Were Mostly Stable In its report, Kambi reported revenue of EUR 44.5 million ($46.6 million) for Q4 and EUR 176.4 million ($185 million) for […]
Business
February 26, 2025
MGM China Reportedly Looking to Borrow $2B
MGM China, the China-facing division of gaming & hospitality giant MGM Resorts, is reportedly looking to borrow $2 billion to expand its properties in Macau and refinance its outstanding debt. A Loan Makes Sense Considering MGM China’s Strong Position According to a report by Bloomberg, people familiar with the matter reported that MGM China is […]
Business
February 26, 2025
Caesars Publishes 2024 Financials, Considers Divesting Non-Core Assets
American gaming powerhouse Caesars Entertainment has published its Q4 and FY 2024 financials, highlighting stable revenue and an increase in net income, despite a slight decline in adjusted EBITDA. In addition to that, the company announced that it is open to the possibility of selling more non-core assets in order to reduce its debt. Caesars […]
Industry
February 26, 2025
NJ Gov. Murphy Proposes Raising Online Gaming and Betting Tax
New Jersey’s governor is eyeing an iGaming tax hike to address the state’s financial needs. This mirrors proposals in other states, which have also been considering tax increases. Governor Murphy Wants to Raise the iGaming Tax New Jersey has historically been one of the most lenient states in terms of gambling taxes. As one of […]
Business
February 26, 2025
PointsBet Investors Favor MIXI Over BlueBet’s Takeover Offer
PointsBet’s board has given its unanimous endorsement to an A$353 million (US$222.9 million) all-cash takeover bid from Japanese consumer tech giant MIXI, setting the stage for a potential acquisition amid competing interest from Australian betting firm BlueBet. Attractive Cash Deal The bid expressed by MIXI’s Australian subsidiary included the purchase of 100% of PointsBet’s shares […]
