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Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Legal
December 3, 2024
PSG FC Slams Cbet with Bankruptcy Claim in Curaçao
Top-flight soccer club Paris Saint-Germain has filed a bankruptcy claim against its former sponsor Cbet. While the sponsorship deal lasted only a single season, the gambling company continued listing the team as a partner. Cbet Might Be in Trouble As reported by NEXT.io, PSG filed the claim against Cbet’s parent company, AK Global NV, in […]
Business
November 29, 2024
Blackstone Plans Spain IPO for Cirsa in 2025
Blackstone, the US-based private equity firm, is getting ready to put some of its shares in the Spanish gambling company Cirsa on the Madrid stock exchange at the start of 2025. IPO Planned as Blackstone Eyes €700M to €1B Market Valuation The company wants to float 20% to 25% of Cirsa, with people thinking it […]
Industry
November 28, 2024
Playtech Investors to Vote on €100M Executive Remuneration Proposal
Earlier this year, Playtech confirmed it is in talks with Flutter Entertainment for the sale of its business-to-consumer (B2C) arm, Snaitech. Then, in September, the company confirmed that the proposed sale of the asset has a price tag of £2.3 billion (approx. $3 billion). Concurrently, Playtech proposed a directors’ remuneration plan, which proved to be […]
Business
November 28, 2024
Star CEO Highlights Progress, Asks Shareholders for Patience
Star Entertainment, the recognizable gaming operator in Australia, continues to face challenges and asked shareholders for patience until the business completes its transformation and starts to return value. Those were some of the takes of the company’s recent annual general meeting which took place on Thursday in Brisbane. The Company Remains Dedicated to Transformation Steve […]
Business
November 27, 2024
BC.Game Faces Licensing Threat Amid Bankruptcy Controversy
Curaçao’s Gaming Control Board (GCB) plans to take away BC.Game’s license. BC.Game is a crypto casino and Leicester City Football Club‘s main sponsor. GCB Scrutinizes BC.Game After Parent Company Bankruptcy and Player Losses The GCB has concerns about the company’s financial situation and how well it follows rules. This comes after BC.Game’s parent company, Small […]
Legal
November 26, 2024
Former L&W Employee Alleges Pressure to Falsify Financial Report
A former Light & Wonder (L&W) employee alleged an executive asked him to falsify financial documents and when refused, he was terminated. A Request for Falsifying Financial Documents That is the case of Antonio Amormino, the former head of casino studio North America for the company, who was dismissed back in August. The employee filed […]
Sports
November 21, 2024
Analysts: Paul vs. Tyson to Bolster Sportsbooks’ Q4
Macquarie and JMP Securities analysts have highlighted the benefits of the recent boxing match between Jake Paul and Mike Tyson. While the game was unorthodox and controversial, its extraordinary nature was precisely what glued millions of sports enthusiasts to the screens. Analysts Forecast Strong Q4 for Sport Betting Thanks to the Fight The clash between […]
Business
November 21, 2024
Monkey Tilt Scoops Up $30M in Series A Funding Led by Pantera Capital
The leading innovator in the online gaming space, Monkey Tilt, has secured $30 million in Series A funding. The platform, which debuted in March 2024, is setting new standards for gaming by merging industry expertise with a cutting-edge user experience. This funding round, finalized over the summer, was spearheaded by Menlo Park, California-based hedge fund […]
Business
November 20, 2024
Bally’s Shareholders Say Yes to Standard General Takeover
In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 billion acquisition by the hedge fund that “pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies,” Standard General. Under the terms, the New York City-based hedge fund, […]
