Financing News

Jackpot.com secures additional funding and launches in Texas

Jackpot.com has secured additional funding from some of the biggest American sports teams as the online lottery ticket platform goes live for the first time in the United States.

Following a $35m Series A last June, Jackpot.com has secured an additional $7m in funding from the Dallas Cowboys, New York Yankees, [...]

1 min read

ParlayBay completes €1m funding as Elmqvist joins board

Sports betting games provider ParlayBay has raised €1m to drive its future growth, complementing the recent appointment of Yggdrasil founder Fredrik Elmqvist as a board member.

The additional funds will allow the supplier to elevate its position in key markets, and follows a year which has seen deals with a number [...]

2 mins read

PlayStar to receive $15m investment from Meyer Global Management

US-facing online casino operator PlayStar Casino is set to receive $15m in equity funding from New York-based investment firm Meyer Global Management.

The operator has signed a letter of intent with the tech-focused investment fund, with the funds to be used  to fuel its growth plans, with PlayStar currently live in [...]

1 min read
888 Holdings

888 Holdings outlines debt reduction plan and strategy for improved profitability

London-listed betting and gaming operator 888 Holdings will outline plans to improve returns to shareholders at a Capital Markets Day in London later today (Nov. 29).

The company will address the “more challenging” operating environment that it faces due to global macroeconomic conditions and will outline plans to improve profitability by [...]

1 min read

New $3bn casino proposed in Coney Island

Retail estate developer Thor Equities Group has unveiled plans to develop a $3bn casino entertainment facility in Coney Island, New York.

The casino bid is made in partnership with Saratoga Casino Holdings and The Chickasaw Nation’s Global Gaming Solutions, as New York State prepares to issue three downstate casino licenses in [...]

1 min read

Bally’s agrees ground lease deal for Bally’s Chicago site

New York-listed casino operator Bally's Corporation is progressing with plans to develop a new $1.7bn flagship casino property in Chicago after agreeing a deal with an unnamed real estate private equity firm.

Bally's has entered into a ground lease with the Chicago-based real estate private equity firm, which has acquired the [...]

1 min read
National Lottery

Allwyn agrees deal to acquire Camelot UK Lotteries

Allwyn Entertainment, the next operator of the UK National Lottery, has agreed a deal to acquire incumbent National Lottery operator Camelot for an undisclosed amount.

The acquisition is subject to regulatory approvals and is expected to close in the first quarter of 2023, establishing Camelot UK Lotteries as a wholly owned [...]

1 min read

Unibet pays out record $6.3m bet in the United States

Kindred Group has settled the largest bet in the company's history after paying out $6.3m in the United States to American entrepreneur Jim McIngvale.

Unibet settled the historic bet following the Houston Astros’ World Series victory, on which Jim McIngvale, also known as Mattress Mack, had bet $1.05m.

McIngvale also made multi-million [...]

2 mins read

Netherlands lawmakers call for greater funding for gambling regulator and sports

Lawmakers in the Netherlands have adopted motions calling for better funding for the national gambling regulator in response to delays in implementing exclusion requests. 

Among the motions adopted Tuesday is one calling on the government to review the current capabilities of gambling regulator Kansspelautoriteit (KSA), in order to ensure that is [...]

1 min read
Cashless Payments

Sightline Payments receives strategic investment from J.P. Morgan

New York-based multinational investment bank J.P. Morgan has made strategic investments in two gaming-focused payment processors, Sightline Payments and Tilia.

While no financials have been disclosed, J.P. Morgan said it will work with Sightline to develop an integrated omni-channel solution for resort and online gaming companies, which will serve the resort [...]

1 min read

PENN Entertainment to relocate Illinois riverboat casinos to land

PENN Entertainment has confirmed plans to relocate two riverboat casinos in Illinois to new land-based facilities, and to build new hotels at two of its best-performing properties in Ohio and Nevada.

The four new growth projects cover the relocations of Hollywood Casinos in Aurora and Joliet, which will include a Barstool [...]

1 min read

Xpoint looks to accelerate growth with new funding round

Miami-based geolocation technology provider Xpoint has received a multi-million dollar round of investment funding to support its continued growth in North America and worldwide.

The financing round includes new investments by Acies Investments, The Raine Group and SuRo Capital Sports, joining existing investors Bettor Capital and Courtside Ventures, both of which [...]

1 min read
Page 1 of 10
BRAGG Gaming