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Business
July 11, 2025
Allwyn Locks in €2.15 Billion in Fresh Funding amid Push for Growth
Allwyn International AG has closed a €2.15 billion ($2.51 billion) financing package with a consortium of leading global banks, a significant milestone in the company’s long-term growth strategy. The agreement comprises a combination of term loans and a revolving credit facility, all structured with a five-year maturity. These funds could also help Allwyn tackle some […]
Casino
July 10, 2025
Trainwreck Announces a Break After Gambling Away $19.5M on Stream
Trainwreck, one of the most popular gambling streamers on Kick, has announced he will be taking a five-day hiatus after losing a whopping $19.5 million during five consecutive streams where he played in online casinos. Trainwreck Announces Brek from Streaming Gambling Reflecting on the streak of bad luck, the 34-year-old described it as “sickening” to […]
Casino
July 9, 2025
REEVO Bolsters Content Delivery Capabilities with Megafair
REEVO, a developer of original content and an aggregator for third-party iGaming titles, has teamed up with Megafair, an up-and-coming developer of casino games, to feature the latter’s innovation-driven products in its portfolio. REEVO Secures New Partner as It Seeks to Grow Game Library Thanks to this collaboration, Megafair will gain access to more markets, […]
Industry
July 8, 2025
Meta Defines Firmer Stance on Gambling Advertising
Meta is upping the game with a new set of rules that will effectively shut the backdoor on gambling advertising that is trying to cajole gamblers into spending money, but that may not have undergone the proper verifications on the platforms. While concerns remain for freely shared videos that are not really ads but serve […]
Business
July 8, 2025
Kambi Extends LeoVegas Sportsbook Deal, Pens Odds Feed+ Agreement
Kambi Group, a leading provider of game-changing sports betting solutions, has unveiled an extension of its partnership with LeoVegas Group. Under the agreement, the former company will continue to supply the latter with its cutting-edge technology. LeoVegas Extends Its Partnership with Kambi According to the announcement, the two parties’ turnkey sportsbook partnership was extended until […]
Legal
July 3, 2025
PrizePicks Withdraws Non-Compete Lawsuit Against Former Executive
PrizePicks has withdrawn its lawsuit against former head of social media Judah Huffman, closing a controversial case that raised questions about corporate non-compete agreements and the use of AI tools in the workplace. Rather than proceeding to a full trial, the two parties agreed to pursue a private resolution, as is often the case with […]
Casino
July 3, 2025
Meta Faces Fresh Backlash Over Gambling Ads Targeting At-Risk Audiences
Meta, which owns Facebook and Instagram, is getting heat again for how it deals with gambling ads. A new report from the UK group Open Rights Group points out big issues with Meta’s ad rules. The report shows how gambling ads still reach people who might be at risk even though rules and platform limits […]
Business
July 2, 2025
Intralot Plans to Buy Bally’s International Interactive for €2.7B
Intralot S.A., a Greek company specializing in gaming and lottery technology, has signed a binding agreement to purchase Bally’s International Interactive. The deal is worth €2.7 billion ($3.18 billion), combining cash and issued shares. This move represents a key moment in the global gaming industry. The companies expect to complete the transaction by the end […]
Industry
July 1, 2025
Aristocrat Gaming Secures Land-Based License to Create Monopoly Slot Games
Aristocrat Gaming and Hasbro announced today that the former has been selected as the winner of a competitive and comprehensive review and market evaluation to develop Monopoly slot games for land-based gaming venues worldwide, securing a multi-year partnership. Aristocrat Gaming and Hasbro Reveal Collaboration The collaboration will have Aristocrat Gaming launching brand-new Monopoly-themed slot titles […]
Business
July 1, 2025
Apollo Completes $6.3B Acquisition of IGT Gaming & Digital and Everi
Global alternative asset manager Apollo announced that it has completed its planned acquisition of International Game Technology’s Gaming & Digital Business and Everi Holdings. The newly formed entity will retain the IGT name but will operate as Everi in select markets and for certain product lines. The Acquisition Was Completed as Planned The historic deal […]
