betconstruct - POPok

Financing News


Entain to continue funding Gordon Moody charity in the UK

London-listed betting and gaming operator Entain has agreed to provide £740,000 of funding for British charity Gordon Moody via its Entain Foundation.

The initial two-year Alumni Project will provide training and supervision skills through its peer mentor programme to former gamblers who have been treated by the charity and want to [...]

3 mins read

Spiffbet agrees debt reduction plan with major creditors

Shares in Stockholm-listed online gaming operator Spiffbet were trading 16 per cent lower this morning after the company announced plans to issue new shares.

The proposed rights issue and parallel set-off aims to reduce corporate debt and provide financing to drive growth.

Spiffbet has borrowed a total of approximately SEK39.6 million from [...]

1 min read
FansUnite Entertainment

FansUnite taps Tekkorp Capital for additional funding

iGaming operator, supplier and affiliate FansUnite has raised CAD$2m from a group of investors that includes Tekkorp Capital.

FansUnite has raised aggregate gross proceeds of $2m on the sale of 25m Units of the company, as part of a private placement that aims to raise up to $5m from the sale [...]

1 min read
Northstar Bets

Northstar Gaming set for TSX listing after completing reverse takeover

Canadian online betting and gaming operator NorthStar Gaming has completed its reverse takeover of Baden Resources and is set to commence trading on the TSX Venture Exchange this week.

The business combination has seen the operator of the NorthStar Bets brand in Ontario change its name to Northstar Gaming Holdings, with [...]

1 min read

Allwyn raises €335m to finance Camelot Lottery Solutions acquisition

European lottery operator Allwyn has entered into €335m of accordion loan facilities with a syndicate of international banks.

A group of lenders has committed to provide Allwyn International with €335m of 6 year term loans as accordion facilities under Allwyn’s existing senior facilities agreement.

The company will use the proceeds to finance [...]

1 min read

HKJC agrees to pay special football betting duty

The Hong Kong Jockey Club has agreed to pay a special football betting duty of HK$2.4bn annually until the 2027/28 fiscal year.

The special betting duty will transfer an additional $12bn from the club to the public purse over the course of the next five years to support the budget of [...]

1 min read
Flutter Entertainment

Flutter Entertainment to consult on additional US listing

Flutter Entertainment will consult shareholders on plans to pursue an additional stock market listing in the United States.

The UK and Ireland-listed operator will seek shareholder feedback on a proposal to pursue an additional US listing for the group in place of a limited listing of its main brand, FanDuel.

The company [...]

2 mins read

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
Page 1 of 11
BRAGG Gaming