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Business
June 25, 2025
Some Investors See Bright Future for Wynn Resorts Despite Investor Dissent
While Wynn Resorts remains beset by investor anxiety, not everyone is sounding the alarm. While shareholders such as Tilman Fertitta have raised serious concerns about the company’s future direction, some voices in the credit market remain optimistic about Wynn’s long-term prospects, especially those tied to its ambitious expansion in the Middle East. Strategic Investments Hold […]
Business
June 23, 2025
PointsBet Reiterates Support for MIXI Deal Despite Betr’s Latest Proposal
PointsBet has reaffirmed its preference for MIXI Australia’s merger offer amid continued efforts from Betr Entertainment to acquire the operator. While Betr insisted that its proposal offered superior value and suggested that PointsBet had not considered its offer in good faith, the Australian sportsbook firmly rejected the allegations. Betr’s Duel with MIXI Continues For context, […]
Business
June 19, 2025
Yolo Investments Completes Fund II, Reaching Its $115M Target
Yolo Investments, a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech has closed its flagship Fund II after reaching its target. The firm’s leadership was thrilled to have completed this milestone despite the challenging market conditions. Yolo Invested in 12 Companies, Plans to Invest in 10 More Yolo Investments announced […]
Business
June 18, 2025
PENN Shareholders Demand Course Correction amid Leadership Shakeup
Leading US gaming operator PENN Entertainment has experienced a milestone shift in corporate governance following a dramatic shareholder mobilization that has outlined growing concerns. In the recent election at the company’s 2025 Annual Meeting of Shareholders, the two director nominees, Johnny Hartnett and Carlos Ruisanchez, backed by the activist investor HG Vora Capital Management, secured […]
Business
June 17, 2025
Hacksaw Promises to Raise $378M Through the Sale of Over 50 Million Shares
Popular iGaming supplier Hacksaw AB announced in its initial public offering (IPO) prospectus that its shareholders plan to raise up to €351.1 million (approximately $378 million) by offering up to 50 million shares, each priced at SEK77 (about $7.55). Hacksaw AB Moves Closer to IPO with Prospectus Release According to Hacksaw group CEO Christoffer Källberg, […]
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 […]
