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Business
February 26, 2025
Kambi Posts Stable 2024 Report But Modest Guidance Alienates Investors
Kambi Group has published its Q4 and FY 2024 results, highlighting a slight increase in revenue. Despite that, the company’s modest guidance caused its shares to take a dip. Kambi’s Results Were Mostly Stable In its report, Kambi reported revenue of EUR 44.5 million ($46.6 million) for Q4 and EUR 176.4 million ($185 million) for […]
Business
February 26, 2025
MGM China Reportedly Looking to Borrow $2B
MGM China, the China-facing division of gaming & hospitality giant MGM Resorts, is reportedly looking to borrow $2 billion to expand its properties in Macau and refinance its outstanding debt. A Loan Makes Sense Considering MGM China’s Strong Position According to a report by Bloomberg, people familiar with the matter reported that MGM China is […]
Business
February 26, 2025
Caesars Publishes 2024 Financials, Considers Divesting Non-Core Assets
American gaming powerhouse Caesars Entertainment has published its Q4 and FY 2024 financials, highlighting stable revenue and an increase in net income, despite a slight decline in adjusted EBITDA. In addition to that, the company announced that it is open to the possibility of selling more non-core assets in order to reduce its debt. Caesars […]
Business
February 26, 2025
Fertitta Raises Stake in Wynn to Over 10%, Becomes Business Insider
Wynn Resorts has submitted a Securities and Exchange Commission Form 3, confirming that billionaire Tilman Fertitta has increased his stake in the company to over 10%. As a result, he is now considered a “business insider” for the casino & hospitality giant. The Billionaire Became a Business Insider Tilman Fertitta is no stranger to the […]
Business
February 26, 2025
IGT Revenue Slightly Down in 2024 But Business Remains Strong
Gaming leader IGT has published its Q4 and FY 2024 report, outlining a slowdown in revenue and debt reduction successes. The Company’s Financials Remain Strong Despite Fluctuations In Q4, the company reported revenue of $651 million, down 4% year-on-year. Despite that, instant ticket and draw game sales remained strong. The company posted income from continuing […]
Business
February 25, 2025
Cirsa Might Go Public in April, According to Rumors
The private equity firm Blackstone might make Cirsa public with official announcements expected to come on March 13, according to some rumors. Cirsa to Allegedly Go Public in April According to recent rumors, Blackstone aims to take the Spanish gambling company Cirsa public in mid-April. This was first reported by the Spanish financial publication Expansión, […]
Business
February 24, 2025
SharpLink Secures Stake in CryptoCasino Owner Armchair Enterprises
SharpLink Gaming, a provider of online marketing to the iGaming and sports betting industries, announced that it has secured a stake in Armchair Enterprises Limited, the owner and operator of CryptoCasino.com. This investment, according to SharpLink Gaming, is in line with its ambition to expand into the lucrative cryptocurrency gaming market. SharpLink Makes a Foray […]
Casino
February 24, 2025
El Cortez Hotel and Casino Reveals Huge Expansion
El Cortez Hotel and Casino has more space and recreational facilities to offer its visitors as it unveiled a 10,000-square-foot modernized expansion. El Cortez Hotel and Casino Officials Reveal Expansion El Cortez Hotel and Casino is one of Las Vegas’ oldest and most iconic venues, being at its current place since 1941. However, this does […]
Business
February 24, 2025
Report: Bally’s Considers Helping Star Entertainment Out
Bally’s Corporation is reportedly considering an investment in Star Entertainment Group. The Australian Financial Review (AFR) reported that representatives of the former company traveled to Australia to negotiate with representatives of Star Entertainment. Bally’s Might Be Interested in the Australian Casino Giant According to the AFR, the delegation to Australia was led by Bally’s chair […]
Business
February 21, 2025
Head Digital Works to Acquire Deltatech Gaming to Grow Its Skill Gaming Presence
Head Digital Works, an Indian online skill gaming operator, has revealed its plans to acquire the Deltatech Gaming, the parent company of the online poker platform Adda52. According to the announcement, the transaction will be executed in two phases. Head Digital Seeks to Grow Its Presence in India Head Digital Works said that it has […]
