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Business
April 2, 2024
Fitch: Bally’s Corporation’s Rating Downgraded, Outlook Negative
The leading ratings agency, Fitch Ratings, announced a new downgrade, affecting Bally’s Corporation. This marked another downgrade for the company recently, which has now seen action from three rating agencies, Fitch included. On Monday, Fitch Ratings said that it downgraded the company’s Issuer Default Rating (IDR) from “B+” to “B.” Additionally, the company said it […]
Industry
March 29, 2024
Nevada Gaming Achieves Impressive Heights in February
February saw a flurry of activity in Southern Nevada, propelled by the excitement of Super Bowl 58, the celebration of Chinese New Year, and a significant leap year. While some records remained intact, the gaming industry reached new heights, marking another exceptional month for Nevada’s tourism sector. Ongoing investments in infrastructure should ensure the state […]
Business
March 28, 2024
Allied Gaming Reports 21% Increase in Revenue for 2023, Cuts Costs
The fast-growing esports entertainment and gaming company with a global presence, Allied Gaming & Entertainment (AGAE), released its latest financial update, highlighting key details for its performance during the fourth quarter and full year 2023. The company reported strong growth in revenue, complemented by a decrease in costs and expenses. In total, AGAE’s revenue for […]
Business
March 28, 2024
Conexus Group Launches M&A Advisory Firm Conexus Capital
The portfolio of world-class businesses that specialize in the provision of recruitment, training, consulting, Mergers & Acquisitions (M&A) Advisory, marketing, and managed services, Conexus Group, has announced the launch of a specialist M&A advisory firm. As announced by the group with offices all around Europe, the US, and the Asia Pacific region, the new firm, […]
Business
March 28, 2024
888 Confirms Intention to Sell US B2C Assets to Hard Rock Digital
The leading gaming and entertainment company, 888 Holdings, currently has a presence in four US states. The company has established iGaming operations in New Jersey, offers sports betting in Virginia and Colorado and has iGaming and sports betting presence in Michigan as well. Earlier this month, 888 confirmed it engaged in a review of its […]
Industry
March 28, 2024
North Carolina Posts $200M in Handle in the First Week of Betting
The recent launch of online sports betting in North Carolina is proving to be a success. Statistics from the Tar Heel State show that almost $200 million has been wagered in the week following the launch. The preliminary online betting figures were disclosed by the North Carolina State Lottery Commission, which said that NC bettors […]
Business
March 27, 2024
Allwyn Reports Solid Results and Growth in Q4 and 2023
The leading lottery company with a strong presence across the globe, Allwyn, released its latest financial update Wednesday. The company uncovered details regarding its performance for the fourth quarter and full year 2023. Besides the preliminary figures, Allwyn highlighted achievements completed during and after the trading period which ended December 31, 2023. For the twelve […]
Business
March 27, 2024
Flutter CEO Enjoys Pay Raise after Solid 2023 Results
Earlier this week, the leading gaming and entertainment company recognized across the globe, Flutter Entertainment, posted $11.8 billion in revenue for 2023, signaling a 24.6% year-over-year increase. The company’s finances were impacted positively by its strong performance across the United States, yet Flutter also reported a $1.21 billion net loss. Besides its financial report, the […]
Business
March 27, 2024
Playtech Publishes Strong FY 2023 Results, Posts Optimistic Outlook
Playtech, a leading provider of gaming platform, content and services, has published its FY 2023 results, reporting an increase in revenue and adjusted EBITDA. The supplier reported strong performance across both its B2B and B2C segments and a resilient balance sheet. The company reported revenue of EUR 1.7 billion ($1.84 billion), representing an increase of […]
Business
March 27, 2024
MyPrize Closes Funding Rounds, Enjoys Enterprise Value Soar to $140M
The first online crypto casino, promising to revolutionize the gambling industry thanks to multiplayer capabilities, MyPrize, is preparing to launch its platform and technology this spring. Ahead of the launch, the company confirmed it completed two funding rounds, raising some $13 million. Thanks to the recently completed funding rounds, MyPrize’s enterprise value soared to a […]
