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Business
April 1, 2025
Bally’s Gets New Rating Blow Because of Chicago Project
Bally’s Corporation is facing yet another financial setback as a leading Wall Street ratings agency has downgraded its credit once more. Award-winning provider of “credit ratings, commentary, and research,” Fitch Ratings, announced it dropped Bally’s rating from “B” to “B-” due to “execution risk in the development of the Chicago projects,” along with a series […]
Business
March 27, 2025
Playtech Sees Revenue Uptick from Continuing Operations in 2024
The fast-growing platform, content and services provider, catering to the global gambling industry, Playtech, released its latest financial update, highlighting strong growth for the year ended December 31, 2024. The company’s latest report highlighted a number of accomplishments, while uncovering details regarding its plans for 2025. Playtech Highlights a Number of Important Achievements Notably, Playtech’s […]
Business
March 27, 2025
The Netherlands Records €1BN Record-Smashing Gambling Tax
As per information from Statistics Netherlands (Centraal Bureau voor de Statistiek, CBS), the body in charge of publishing “reliable and consistent statistical information” that responds to the demands of society, collected revenue from gambling taxes smashed all records in 2024 in the Netherlands, reaching an unprecedented €1 billion ($1,07 billion). The impressive figure was mainly […]
Business
March 27, 2025
Catena Media Releases Annual 2024 Report, Highlights Transformation
The leading affiliation marketing services provider, powering online betting and casino operators across the globe, Catena Media, published its 2024 annual report. Released on Wednesday this week, the report highlighted a number of challenges and accomplishments that occurred during last year, while highlighting the company’s priorities for this year. 2024 Was Full of Transformative Tasks […]
Business
March 26, 2025
Evoke Returns to Profitability But Stock Continues to Underperform
Gaming and betting leader evoke, formerly known as 888, has issued a report containing its preliminary unaudited financial results for 2024. The company’s business remained mostly stable, although its stock continued to struggle. The Financials Showed Recovery But the Shares Struggled In 2024, the company behind William Hill, 888, and Mr Green, reported revenue of […]
Business
March 25, 2025
The Star Extends Its Refinancing Negotiations with Salter Brothers Capital
The Star Entertainment Group, an Australian casino and hospitality operator, confirmed that it has given investment firm Salter Brothers Capital (SBC) a few extra days to complete its refinancing offer. This comes amid continued financial struggles for the embattled gambling operator. The Deadline Has Been Extended The latest announcement is related to The Star’s ASX […]
Business
March 25, 2025
Flutter Changes Reporting from 2025, Recasts Financials for 2021-2024
Online gaming and sports betting powerhouse Flutter Entertainment has revealed upcoming changes to its reporting. Set to take effect from the company’s upcoming quarterly report, the changes will see its reports split into two segments. Flutter Will Change Its Reporting Flutter Entertainment announced that its new approach will see it report the financials of its […]
Business
March 24, 2025
Wynn Resorts CEO: UAE Expansion, “Substantial Market Opportunity”
Last November, despite its less-than-ideal Q3 earnings report, NASDAQ-listed Wynn Resorts announced it would double down on its bold expansion plan aimed at the United Arab Emirates (UAE), specifically through its Al Marjan Island project in Ras Al Khaimah. Then, chief executive officer Craig Billings expressed optimism regarding the project set to launch in 2027. […]
Industry
March 24, 2025
Denmark’s Gambling Spend Increased Slightly in February
Denmark’s gambling regulator, the Spillemyndigheden, published data about the local gambling industry’s performance in February 2025. The regulator also published data about the overall gaming metrics in 2024. The Gambling Spend in Denmark Was 0.6% Higher in February According to the Spillemyndigheden, Danes spent 0.6% more on gambling in February 2025 than they did in […]
Business
March 24, 2025
Billionaire Pub Baron Mathieson Endorses Bally’s Bid for the Star
One of the world’s leading entertainment companies recognized for its “innovation, energy, and dedication to creating thrilling gaming experience,” Bally’s Corporation, has received endorsement from Star Entertainment Group’s largest shareholder in its bid to take control of the struggling Australian casino operator. Billionaire Pub Baron Bruce Mathieson Supports Bally’s Offer According to local reports, Bruce […]
