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Business
February 26, 2025
Super Group Reports Record Q4 Revenue and Strong Global Growth
After its shares spiked following optimistic preliminary, unaudited financial results for Q4 and FY 2024 in January, and following a €1.3 billion ($1.34 billion) refinancing deal inked with Blackstone earlier this month, Super Group has fresh news. The popular Spin and Betway operator has reported a record-breaking fourth-quarter revenue of €500 million ($525 million), marking […]
Business
February 26, 2025
IGT Revenue Slightly Down in 2024 But Business Remains Strong
Gaming leader IGT has published its Q4 and FY 2024 report, outlining a slowdown in revenue and debt reduction successes. The Company’s Financials Remain Strong Despite Fluctuations In Q4, the company reported revenue of $651 million, down 4% year-on-year. Despite that, instant ticket and draw game sales remained strong. The company posted income from continuing […]
Business
February 24, 2025
Report: Bally’s Considers Helping Star Entertainment Out
Bally’s Corporation is reportedly considering an investment in Star Entertainment Group. The Australian Financial Review (AFR) reported that representatives of the former company traveled to Australia to negotiate with representatives of Star Entertainment. Bally’s Might Be Interested in the Australian Casino Giant According to the AFR, the delegation to Australia was led by Bally’s chair […]
Business
February 21, 2025
Boyd Gaming Unveils Increase in Dividend
This year, Boyd Gaming, an operator that owns gaming entertainment properties in 10 states, manages a tribal casino in another one, and operates iGaming B2B and B2C businesses, celebrates its 50th birthday. Investors will also have reasons to celebrate as the leading American casino & hospitality company just announced that it will be raising its […]
Business
February 21, 2025
Caesars Entertainment Continues to Reinvest in Las Vegas Properties
Las Vegas is currently the home of nearly 300 hotels and casino resorts. As a premium gaming, entertainment and hospitality destination that is popular across the globe, Sin City welcomes tens of millions of visitors every year. While many recognizable gambling and hospitality giants have already established their footprint in the gambling capital of the […]
Business
February 21, 2025
Fitch Assigns Junk Rating to DraftKings, Citing Ongoing Risks
Fitch Ratings has given DraftKings a BB+ Long-Term Issuer Default Rating (IDR) putting the company just below investment grade. The credit rating agency also gave a BBB- rating with an RR1 recovery rating to the gaming company’s senior secured debt, while its senior unsecured convertible notes got a BB+/RR4 rating. However, Fitch‘s overall outlook for […]
Industry
February 20, 2025
Sweden to Review Gambling Act Shortly after 2024 Gaming Report
The Swedish government has decided to review the country’s Gambling Act shortly after the Spelinspektionen published the industry’s financial report for 2024. The Swedish Online Gambling Industry Association (BOS) has long requested this review. 2024 Was a Stable Year for Swedish Gambling The Swedish regulator, Spelinspektionen, reported that licensed gaming companies recorded a total turnover […]
Industry
February 20, 2025
Argentina’s Newest Crypto Scandal Reflects President Milei’s Worrying Attitude to Gambling
Argentina’s President Javier Milei is facing substantial public backlash after he promoted the cryptocurrency $LIBRA on social media. Milei tweeted on X (formerly Twitter) on 14 February, praising the token and stating it would fund small businesses and Argentine startups. Thousands of investors jumped in within an hour, taking the price from $0.21 to a […]
Industry
February 20, 2025
Aristocrat Moves to Strengthen Finances with New Buy-Back Plan
Global gaming giant Aristocrat Leisure Limited announced a new AUD 750 million ($480 million) share buy-back program aimed at debt repayment and shareholder value optimization. This move closely follows another substantial AUD 1.85 billion ($1.18 billion) buy-back initiative, demonstrating the group’s continued commitment to cost control and long-term growth strategies. A Prudent Financial Strategy Is […]
Business
February 20, 2025
Better Collective Posts Strong Q4 and 2024 Results, Adjusts Strategy
Better Collective, the digital sports media group, released a new trading update, highlighting strong growth observed in the final quarter of 2024 and overall solid results for the full year 2024. Company Revenue Grows in Q4, 2024 The company announced Wednesday its interim report, confirming that it wrapped up 2024 with €96 million ($100.3 million) […]
