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Business
April 15, 2025
Star Entertainment Publishes H1 FY25 Report as Challenges Continue
The Star Entertainment Group has published its financial report for the first half of the fiscal year (H1 FY25), highlighting its continued financial trouble. The company, which recently agreed to give control to Bally’s, hopes to turn the tables soon. The Company’s Revenue Declined In the first half of the year, The Star reported AUD […]
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
April 15, 2025
Ebaka Games Launches, Promising to Shake Up iGaming
Led by iGaming entrepreneur Dmitry Belianin and created by a collection of some of the biggest names in the gambling industry, Ebaka Games promises to shake up the online casino experience. What Is Ebaka Games? The studio is one of the most highly anticipated new entrants in the industry, and its motto is that it […]
Business
April 14, 2025
Already Media Acquires Live Casino Comparer in “Fastest M&A Deal in iGaming History”
Tech-driven gaming affiliate and media firm Already Media has acquired Live Casino Comparer, a review portal focused on live dealer gaming. The acquisition will reinforce the former company’s affiliate capacities, allowing it to reach new heights. Already Media Continues Its M&A Efforts According to the announcement, Already Media acquired Live Casino Comparer to expand its […]
Business
April 14, 2025
Penn Entertainment Doubles Down on Product with New CPO Hire
Penn Entertainment has picked a former FanDuel veteran to lead its product division, with Billy Turchin stepping in as the company’s new CPO. This will allow the company to spearhead its efforts in bringing around a more worthwhile end product to players across its brands, to name ESPN Bet, Hollywood Casino, and theScore. Penn Entertainment […]
Business
April 11, 2025
Analysts Remain Bullish on Gambling Sector Resilience Despite Global Uncertainty
Despite the recent market tremors following President Trump’s dramatic tariff announcements, gambling industry experts remain broadly optimistic about the sector’s strength, citing historical recession resilience, consumer spending habits, and robust fundamentals as core strengths that should insulate operators from an economic fallout. Gambling Has Proven Historically Resilient While gaming stocks did not escape the downdraft […]
Business
April 11, 2025
Rank Group Posts Strong Q3 Report, Optimistic about FY 2024/25
Rank Group has published its financial results for the third quarter of the fiscal year, highlighting an increase in net gaming revenue. All of the group’s divisions experienced growth, cementing Q3 (the three-month period ended March 31, 2025) as a strong time for the company. The Company’s Metrics Increased Across the Board In the third […]
Business
April 11, 2025
NOVOMATIC Secures Supplier’s License in the UAE
NOVOMATIC, a pioneer in gaming describing itself as Europe’s leading gaming tech group, announced that it has secured a gaming vendor license in the United Arab Emirates (UAE). The UAE has been making significant strides toward regulated gaming, causing gaming operators and suppliers to vie for a license. The GCGRA Licensed NOVOMATIC According to the […]
Business
April 11, 2025
Mohegan Takes New Refinancing Step, Issues $1.2BN Secured Notes
The owner, developer, and manager of premier entertainment resorts in the U.S. and Canada, Mohegan Tribal Gaming Authority, has taken a major step toward a more complex financial restructuring plan by issuing $1.2 billion in new secured notes. New Refinancing Efforts This move marks the beginning of a series of refinancing efforts that will include […]
Business
April 11, 2025
Publishers Clearing House Goes Bankrupt, Starts Digital Shift
Publishers Clearing House (PCH), the well-known sweepstakes company famous for its TV prize giveaways and big checks, has filed for Chapter 11 bankruptcy to change its business strategy. The Jericho, New York-based firm plans to move away from its old reliance on direct mail and catalog marketing to focus on digital ads and entertainment instead. […]
