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Sports
April 11, 2024
A&W Capital CEO Highlights the Importance of Integrity to Betting
The integrity of the sport is the key to the wagering industry’s success according to Matthew Wheeler, the founder and chief executive of A&W Capital. In an interview with CNBC, he shared his opinions on what makes sports betting tick and what truly engages players. According to Wheeler, the fan “has to believe” in the […]
Business
April 2, 2024
Genius Sports Parts Ways with Apax Partners’ Gabriele Cipparrone
Genius Sports, a data and tech partner that powers the global ecosystem connecting sports, betting and media, announced the departure of Apax Partners partner Gabriele Cipparrone from its board of directors. The director’s exit comes in the wake of a reduction in holdings in Genius Sports by Apax Funds through a secondary sale on April […]
Business
March 20, 2024
Winible Secures $6 Million in Funding to Revolutionize Sports Betting Sector
Winible, an innovative e-commerce platform targeting sports influencers and experts, has announced a significant milestone with the successful closure of a $6 million seed funding round. This funding, led by Inspired Capital, marks a pivotal moment for Winible as it aims to disrupt and transform the sports betting and gaming markets. The Platform Targets an […]
Business
March 6, 2024
Strive Gaming Secures Investment for US Expansion
Strive Gaming, a leading Player Account Management (PAM) platform in the US betting and gaming industry, has announced a successful investment round led by prominent content, platform, and service provider OpenBet. The collaboration aims to strengthen both companies’ positions in North America, particularly in emerging tribal markets, capitalizing on gambling’s increasing popularity. OpenBet Welcomed the […]
Business
February 21, 2024
Kinectify Secures Investment from Aristocrat, Adds Jason Walbridge to Board
Kinectify, a novel gambling risk management tech firm, has unveiled a new investment by Aristocrat Leisure Limited. The investment demonstrates the latter firm’s trust in Kinectify’s solutions and was joined by additional contributions from existing investors. In addition to the investment by Aristocrat, Kinectify secured backing from a number of companies and organizations, including Acies […]
Business
February 7, 2024
Light & Wonder Unveils Strategic Investment in Flows
Light & Wonder has unveiled a strategic investment in Flows, a revolutionary no-code automation platform. The deal will empower Flows, allowing it to scale up its operations and conquer new markets. Light & Wonder is no stranger to Flows’ impressive no-code automation platform and recognizes its potential to benefit the industry. The former company has […]
Business
December 21, 2023
Yolo Investments Unveils New €100 Million Fund Targeting Emerging Technologies
Yolo Investments, a leading investment firm specializing in gaming, blockchain, fintech, and emerging technologies, has officially launched its latest flagship investment fund, Yolo Fund II LP. This fund aims to raise a capital of €100 million and should bolster the company’s expansive portfolio in cutting-edge industries, aligning with its long-term goals. The Funding Will Maintain […]
Industry
November 20, 2023
Bond Investors Double Down on Macau Casino Debt
Bond investors from Asia and beyond are taking the risk and doubling down on investments in Macau casino debt. This move carries certain uncertainties but has the potential to be more lucrative than investments in corporate debt. At the moment, investing in Macau casino debt might be less risky than investing in shares too. The […]
Business
November 15, 2023
Rivalry Secures $10M Investment from a Shareholder
Rivalry, a leading iGaming and online sports betting company, has secured a CAD 14 million (roughly $10.23 million) investment for an undisclosed existing institutional shareholder. The agreement represents a non–brokered private placement offering of convertible debentures under which each convertible debenture will consist of CAD 1,000 principal amount of 10% senior secured convertible debentures of […]
Business
November 7, 2023
Dodge & Cox Increases Stake in Entain amidst Strong Investor Confidence
US mutual fund company Dodge & Cox has more than doubled its stake in the global sports betting and gaming group Entain, making it the second-largest single shareholder in the gambling giant. This increased stake can be interpreted as a show of confidence in Entain’s potential, as the company recently revealed its updated plans to […]
