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Gambling News - 'Finance'
Business
January 29, 2024
Flutter to Begin Trading on NYSE amid Plans for Primary US Listing
The leading gaming and entertainment company, Flutter Entertainment, announced that its ordinary shares on the New York Stock Exchange (NYSE) will begin trading at 9:30 ET today. Ahead of the planned NYSE listing, last week, the company revealed its plans to exit the Dublin Stock Exchange. The exit coincides with the listing on NYSE with […]
Business
January 25, 2024
Betty Online Casino Raises $5M Investment, Plans Growth
In February last year, the female-focused online gaming platform, Betty, launched its services for customers in Ontario, Canada’s largest province. The launch came after the operator secured a license from the Alcohol and Gaming Commission of Ontario (AGCO), the gambling regulator in the province. Throughout last year, Betty raised a total of $7 million. Now, […]
Business
January 25, 2024
Caesars Offers $1.5bn in Bonds, Plans New $2bn Term Loan
The leading hospitality and gaming company, Caesars Entertainment, announced a major financial move Wednesday. The company confirmed in a statement that it plans to sell some $1.5 billion in bonds. The bonds would be available for qualified institutional buyers in a private placement in line with Rule 144A of the Securities Act of 1933. The […]
Business
January 24, 2024
Amid FDJ Takeover Bid, Capital Research Reduces Shares in Kindred
Capital Research and Management Company, a subsidiary of The Capital Group Companies, Inc., reduced its shares in Kindred Group. On Wednesday, Kindred confirmed that it received notification about the reduced number of shares and voting rights by Capital Research and Management Company. Per the notification, as of January 22, 2024, Capital Research and Management Company […]
Business
January 24, 2024
Flutter Prepares for NYSE Listing, Exits Dublin Stock Exchange
Flutter Entertainment, the operator of FanDuel, has spent significant time preparing for this strategic move as it pivots its attention to the lucrative US market. The global gambling giant will maintain its listing on the London Stock Exchange, signifying its ongoing commitment to maintaining a presence in its core jurisdictions. However, the move to the […]
Business
January 22, 2024
Kindred Posts Strong Q4 Results amid Takeover Bid from FDJ
The leading global online gambling operator, Kindred Group, released a new report, highlighting details regarding its fourth quarter and full year 2023 performance. The new preliminary financial report revealed that the overall revenue of the company for Q4 2023 hit £312.9 million ($398 million). This result marked an increase of 2% when compared to the […]
Industry
January 19, 2024
Oregon Posts Record-Breaking December Results
As sports betting continues to grow across the United States, more and more players across many states become involved in the hobby. This is strongly reflected in the increasing financial results posted by regulators across multiple jurisdictions. Oregon, for example, smashed its sports betting handle once again, posting a new all-time high figure. For reference, […]
Business
January 19, 2024
Deutsche Bank Analyst Reevaluates Q4 Projections for Las Vegas Sands
Las Vegas Sands, the globally recognized hospitality and gaming company, confirmed the launch of a massive revamp at Marina Bay Sands back in February 2022. Earlier this week, the second phase of the project was initiated which involved a $750 million reinvestment. Again, this week, Las Vegas Sands’ share price target marked an increase. Carlo […]
Business
January 19, 2024
Caesars Entertainment Preliminary Q4 Results Fail to Meet Expectations
Caesars Entertainment (NASDAQ: CZR) provided a preliminary view of its fourth-quarter results in a Form 8-K filing with the Securities and Exchange Commission (SEC), indicating that the company might miss analysts’ EBITDA and sales projections. Likely expecting this development, the company recently announced a new tender offer, hoping to solidify its financial position. Most Metrics […]
Business
January 18, 2024
Flutter Posts Strong Q4 Results, Plans to Retain Momentum in 2024
The globally recognized betting and gaming operator, Flutter Entertainment, released its latest trading update, uncovering details regarding the company’s performance for the fourth quarter of 2023. The new unaudited report emerged Thursday and highlights strong growth in terms of revenue and the number of average monthly players (AMPs) for the latest trading period. Flutter posted […]