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Business
February 21, 2025
Fitch Assigns Junk Rating to DraftKings, Citing Ongoing Risks
Fitch Ratings has given DraftKings a BB+ Long-Term Issuer Default Rating (IDR) putting the company just below investment grade. The credit rating agency also gave a BBB- rating with an RR1 recovery rating to the gaming company’s senior secured debt, while its senior unsecured convertible notes got a BB+/RR4 rating. However, Fitch‘s overall outlook for […]
Industry
February 20, 2025
Sweden to Review Gambling Act Shortly after 2024 Gaming Report
The Swedish government has decided to review the country’s Gambling Act shortly after the Spelinspektionen published the industry’s financial report for 2024. The Swedish Online Gambling Industry Association (BOS) has long requested this review. 2024 Was a Stable Year for Swedish Gambling The Swedish regulator, Spelinspektionen, reported that licensed gaming companies recorded a total turnover […]
Industry
February 20, 2025
Argentina’s Newest Crypto Scandal Reflects President Milei’s Worrying Attitude to Gambling
Argentina’s President Javier Milei is facing substantial public backlash after he promoted the cryptocurrency $LIBRA on social media. Milei tweeted on X (formerly Twitter) on 14 February, praising the token and stating it would fund small businesses and Argentine startups. Thousands of investors jumped in within an hour, taking the price from $0.21 to a […]
Industry
February 20, 2025
Aristocrat Moves to Strengthen Finances with New Buy-Back Plan
Global gaming giant Aristocrat Leisure Limited announced a new AUD 750 million ($480 million) share buy-back program aimed at debt repayment and shareholder value optimization. This move closely follows another substantial AUD 1.85 billion ($1.18 billion) buy-back initiative, demonstrating the group’s continued commitment to cost control and long-term growth strategies. A Prudent Financial Strategy Is […]
Business
February 20, 2025
Better Collective Posts Strong Q4 and 2024 Results, Adjusts Strategy
Better Collective, the digital sports media group, released a new trading update, highlighting strong growth observed in the final quarter of 2024 and overall solid results for the full year 2024. Company Revenue Grows in Q4, 2024 The company announced Wednesday its interim report, confirming that it wrapped up 2024 with €96 million ($100.3 million) […]
Industry
February 20, 2025
AGA: US Gaming Had Yet Another Record-Breaking Year
The American Gaming Association (AGA) has published its latest Commercial Gaming Revenue Tracker report, highlighting a new annual revenue record for the US industry. This notably marked the fourth consecutive year in which the commercial gambling sector has broken its revenue record. The Commercial Industry’s Momentum Continues According to the AGA, American gaming reached annual […]
Business
February 19, 2025
Gambling.com Publishes Preliminary Q4 Report, Introduces FY 2025 Guidance
Gambling.com Group, one of the leading providers of affiliate services to the global iGaming industry, has published its preliminary results for 2024. In addition to that, the company published its FY 2025 guidance, raising its expectations for the year. The Report Outlined Favorable Metrics In its report, Gambling.com said that its revenue for the fourth […]
Business
February 19, 2025
Raketech Q4 Report Outlines Continued Challenges
Gaming specialist Raketech has published its report for the fourth quarter of 2024, highlighting a decline in revenue. In the wake of the sale of the Tipster business in the US, the company has been focused on improving conversion rates and monetization for its digital tipster platforms. The Financials Were Not Optimal In Q4 2024, […]
Business
February 18, 2025
Gentoo Media Publishes Strong Q4 as Business Keeps Momentum
Gentoo Media, formerly GiG Media, has published its financial report for the fourth quarter of 2024, highlighting record-high revenue. The business has been going from strength to strength ever since its split from Gaming Innovation Group and is poised for further growth. Gentoo Media’s Revenues Grew for the 16th Consecutive Quarter According to Gentoo Media, […]
Business
February 17, 2025
FDJ Confident in Growth Despite French Tax Hike
Despite regulatory challenges and increased gambling taxes, La Française des Jeux (FDJ) is optimistic about its growth prospects for 2025 and beyond. The group’s robust 2024 performance, strategic adjustments, and multi-year action plan perfectly position it to mitigate the impact of recent tax increases and sustain its impressive momentum. Core Financials Remain Robust FDJ generated […]
