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Business
May 29, 2025
Ainsworth Justifies Recent Investments with the Importance of R&D
Ainsworth Game Technology’s leadership has justified its recent investments with the importance of research and development (R&D) to the long-term success of the company. Ainsworth to Continue Investing in Research and Development Ainsworth’s chairman, Danny Gladstone, has commented on the slot machine supplier’s plans to continue investing in R&D. Addressing shareholders at the company’s annual […]
Business
May 28, 2025
SharpLink Gaming Secures $425M in PIPE Deal to Fuel Crypto Investment
SharpLink Gaming, Inc. has embarked on another milestone financial deal, announcing a private investment in public equity (PIPE) that should bring in gross proceeds of approximately $425 million. This financial move involves the sale of over 69 million shares of common stock, priced at $6.15 per share. The company intends to use these proceeds to […]
Business
May 22, 2025
Blackstone Considers Selling Clarion Events amid Broader Market Uncertainty
Blackstone is now searching for buyers interested in acquiring Clarion Events, a leading privately held event and exhibition business. The sudden announcement drew significant attention from industry experts, with some believing it could set off more high-profile sales. As for Clarion, the company’s future remains uncertain despite its substantial post-pandemic recovery, as political headwinds and […]
Business
May 7, 2025
Kero Gaming Secures $3M in SIG Sports-Led Funding Round
Kero Gaming, an ambitious micro-betting odds specialist, just closed a $3 million funding round. The company announced that this funding will allow the company to “enter a phase of accelerated growth.” Micro Bets, Macro Moves As mentioned, Kero Gaming just closed a Series A funding round. The investment round was led by SIG Sports and […]
Business
April 30, 2025
Shareholder Tensions Rise After Novomatic’s Ainsworth Takeover Bid
Austrian gaming powerhouse Novomatic’s push for full ownership of Ainsworth Game Technology is running into increasing resistance from some minority shareholders despite support from Ainsworth’s Independent Board Committee (IBC). This resistance could potentially complicate what Novomatic had hoped would be a straightforward process in its bid to fully acquire the ASX-listed slot machine manufacturer. Some […]
Business
April 30, 2025
Evolution Stock Plummets Following Suboptimal Q1 Report
Evolution Gaming’s stock has experienced a sharp decline following the company’s recent Q1 report. The company’s stock, which was worth approximately SEK 835.60 ($86.69) apiece, has plummeted to SEK 674.20 ($69.95) as of the time of this writing. The Q1 Results Did Not Meet Expectations Evolution Gaming saw its shares plummet following the publication of […]
Business
April 23, 2025
RHCO Secures Controlling Stake in Nigeria’s Morrich Lottery
Readen Holding Corporation (RHCO) a venture capital firm specializing in financial technology, digital payments, and online commerce, announced that it has signed a definitive deal to buy an 80% controlling stake in Morrich Lottery Limited, a licensed lottery operator in Nigeria. This is notably the former company’s inaugural foray into African gaming. RHCO Is Pursuing […]
Business
April 18, 2025
Hacksaw Gaming Rumored to Be Considering IPO
Hacksaw Gaming, a leading developer of online casino content, is said to be considering going public. Although not much is known yet, sources insisted that the company is in talks with several experienced financial firms. Hacksaw Gaming Considers Going Public According to a report by Bloomberg, Hacksaw Gaming is eyeing an initial public offering (IPO) […]
Business
April 15, 2025
Midnite Secures Millions of Dollars in Latest Funding Round
UK sportsbook and casino disruptor Midnite announced that it has raised a staggering $10 million in funding, bringing its total capital to over $35 million. Following the funding round, a member of one of its major investors was appointed as director. The Series B Funding Round Was a Success According to the announcement, Midnite’s Series […]
Business
March 26, 2025
Tilman Fertitta Boosts Wynn Shareholding to Over 10%
Billionaire Tilman Fertitta has further increased his stake in Wynn Resorts, consistent with an earlier announcement. In February, Wynn confirmed that Fertitta intends to bolster his shareholding by May 13. Fertitta Can Play a Role in Wynn’s Decision-Making On Tuesday, Fertitta acted on his plan, purchasing the extra shares he was interested in. According to […]
