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Industry
December 30, 2024
Truist Securities Predicts High M&A Activity in 2025
Truist Securities has expressed optimism about a potential rebounding in mergers and acquisitions within the gaming sector. This would notably end a fairly dry period of low M&A activity. Truist Trusts the Favorable Conditions At the Wicked Good 12th Annual GLLR Summit in Boston, Truist Securities highlighted a number of favorable conditions that could lead […]
Business
December 30, 2024
Congressman Bid on Wynn Before Fertitta’s Stake Was Announced
Texas Rep. Dan Crenshaw had invested in gambling giant Wynn Resorts before Tilman Fertitta’s initial stake became public. As reported by casino.org, Crenshaw made his purchases several days after Fertitta’s stake and several days before the latter was made public. Crenshaw Bought Shares Shortly After Fertitta According to the report, Crenshaw spent between $1,001 and […]
Casino
December 17, 2024
Ho-Chunk Plans New Casino and Racetrack in South Sioux City
Nebraska may soon get a new casino and horse racing track as Ho-Chunk Inc. eyes South Sioux City. The company has been planning a new property ever since the state greenlit horse racing four years ago. The New Casino Will Broaden Ho-Chunk’s Horizons Immediately after horse racing was legalized, Ho-Chunk made plans for casino properties […]
Business
December 17, 2024
XLMedia Plans £16M Tender Offer in 2025 as Part of Business Wind-Down
XLMedia PLC, a digital media affiliate company listed on the Alternative Investment Market (AIM), plans to start a £16 million ($20.2 million) tender offer in early 2025. This move is part of its plan to close down operations and give value back to shareholders. XLMedia Evolves into Cash Shell Entity Post Asset Sales XLMedia made […]
Industry
December 17, 2024
New Jersey Gaming Recorded Its Strongest November in 11 Years
The New Jersey Division of Gaming Enforcement (DGE) published a report about the performance of the nine Atlantic City casinos in November. As it turns out, the local casinos have recorded growth after two months of declines. In the meantime, iGaming and sports betting continued to excel. The Casinos Were on the Rise In November, […]
Industry
December 16, 2024
SMC Leases Land from PAGCOR, Vows to Build New HQ for the Regulator
The Philippine Amusement and Gaming Corporation (PAGCOR) unveiled a 25-year lease agreement with SMC Infrastructure, a division of San Miguel Corp. Under the deal, the Philippine regulator will lease the Nayong Pilipino Property in Pasay City to SMC. In turn, the latter company will build a new officer for the PAGCOR. PAGCOR to Lend 13 […]
Business
December 16, 2024
Jefferies Praises Gambling.com’s OddsJam Acquisition, Reiterates Buy Rating
Gambling.com, a fast-growing provider of digital marketing services to the global online gambling industry, recently announced its historic acquisition of B2C company OddsJam. The transaction has since received acclaim from business experts, including Jefferies Equity Research. Gambling.com’s Business to Surge, Analyst Believes Jefferies Equity Research analyst David Katz expressed confidence that the deal will benefit […]
Industry
December 13, 2024
bet365 Highlights 2024 as a Landmark Year in Sports Betting
Bet365 has released its annual Year in Sports Betting report, outlining key trends and milestones that shaped 2024. Among the standout developments were the surging popularity of women’s sports and the rapid expansion of the player prop betting market, reflecting changing appetites among bettors around the globe. The operator also achieved significant progress in high-profile […]
Business
December 13, 2024
Caesars Completes LINQ Promenade Sale, Repays Debt
American casino and hospitality giant Caesars Entertainment announced that it has completed the sale of its LINQ Promenade in Las Vegas. The sale of this Las Vegas asset was announced earlier this year and aligned with the casino and hospitality giant’s debt reduction goals. Caesars Used the Money for a Debt Prepayment Caesars agreed to […]
Business
December 12, 2024
FanDuel Appoints Two New Directors of Government Relations
American betting leader FanDuel Group has enhanced its leadership team with two additions. According to the announcement, James Hartmann and Louis Trombetta have both been designated as directors of government relations. Both Appointees Have Unique Track Records According to FanDuel, the appointees will reinforce the company’s ties with the government in states where it already […]
