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Business
January 14, 2025
Black Cow Lands Critical Series A Funding from JJK Partners
Black Cow Technology, a market-leading game server technology provider including Remote Gaming Server (RGS) software, jackpot server, and multiplayer server (The Open Gaming Architecture) has closed an important Series A funding round with help from JJK Partners. Big Step Forward While the funding amount remains undisclosed, the investment represents a significant milestone for the company, […]
Industry
January 10, 2025
Nevada Gaming Failed to Replicate Last Year’s Success in November
Even the second edition of Formula 1 Las Vegas Grand Prix didn’t help Sin City casinos and halls as the Nevada Gaming Control Board has reported a slight drop in state gaming revenue for November. The State Failed to Surpass the November 2023 Dream According to the NGCB, gaming venues across Nevada reached $1.13 billion […]
Business
January 9, 2025
Star Entertainment Shares Drop as Company Reports Decline in Cash
The Star Entertainment Group, an Australian casino and hospitality company, remains in peril amid regulatory and financial challenges. The company, which was extensively scrutinized over regulatory violations, negligence and overall lack of oversight, continues to see its share price plummet. The Company Reported a Drastic Drop in Available Cash Yesterday, the group, which is trading […]
Business
January 8, 2025
Betmate Raises $2M in Series A Funding Round via Accelerate Ventures
Liverpool-based social gaming startup Betmate has successfully raised $2 million in a new Series A funding round, with the investment led by Accelerate Ventures, a London-based venture capital firm. This latest funding round also includes capital for Engage Games, Betmate’s business-to-business (B2B) arm specializing in white-label, free-to-play game solutions. Founded in 2020 by Ryan Lawrence […]
Business
January 8, 2025
Flutter Revises Revenue Forecast Due to Poor NFL Betting Results
Shares of Flutter Entertainment saw a dip of nearly 2% in after-hours trading on Tuesday after the company lowered its revenue and earnings guidance for 2024, citing unexpectedly poor results in NFL betting. The Most Customer-Friendly NFL Season in 20 Years The company now expects its 2024 revenue to reach $5.78 billion, down from the […]
Business
January 7, 2025
M&A Activity Is on the Table for DraftKings in 2025, Deutsche Bank Says
Deutsche Bank analyst Carlo Santarelli has suggested that mergers and acquisitions would be a likely strategy for American betting powerhouse DraftKings in 2025. This comes amid suboptimal Wall Street projections for the company’s performance. DraftKings Might Struggle to Hit the Mark As reported by CDC Gaming Reports, Santarelli said that at the midpoint of DraftKings’ […]
Business
January 7, 2025
Analyst Highlights Social Casino Boost in Aristocrat Success
With many gaming operators identifying the potential of social casinos, the popularity of the activity continues to grow. Blurring the lines between gambling and gaming, the regulation of social casinos varies from one jurisdiction to another. Social casinos in particular were an important gaming segment for Aristocrat Leisure’s recent growth, an expert analyst revealed recently. […]
Industry
January 6, 2025
Finland Advances Gambling Legislation Review Amidst Social Impact Concerns
Finland is pushing ahead with its proposed gambling laws review, although questions persist about the potential for increased gambling harms under the new framework. Lainsäädännön arviointineuvosto, an independent Legislative Review Council charged with evaluating the nation’s legislative proposals, released its findings on 2 January. The body called for more detailed assessments of the new legislation’s […]
Business
January 6, 2025
Deutsche Bank Analyst Shares Favorable Projections for Caesars Digital
Caesars Entertainment might take action to reinforce its digital gaming business followed continued suboptimal growth, a Deutsche Bank analyst believes. He also projected a property EBITDAR decline of 2% despite a variety of opportunities within the land-based sector. The Company Is Likely to Bolster Its Digital Business In an investor note, Deutsche Bank analyst Carlo […]
Business
January 3, 2025
Disappointing Online Betting Results Hamper Caesars’ Q4 Outlook
J.P. Morgan analyst Joseph Greff has adjusted Caesars’ Q4 Las Vegas Strip cash flow estimate to $485 million from $499 million, highlighting several negative factors that hurt revenues. However, this new estimate still marks a strong result considering Q4 2023’s $489 million figure. Greff also adjusted his price target for Caesars’ shares, lowering it from […]
