Betting and gaming affiliate Better Collective has raised DKK1.08 billion (approximately €145.1 million) through a new share offering, which will be used for future M&A opportunities in the sports media space.
The company has issued 5,712,284 new shares, equivalent to approximately 10 per cent of its registered share capital, through an [...]
SharpLink Gaming has sold its SportsHub fantasy sports and free-to-play game development businesses to RSports Interactive for $22.5 million.
SharpLink only acquired the SportsHub business just over a year ago, but said that the sale would significantly reduce its operating expenses and help the company achieve positive cash flow from its [...]
Malta-headquartered sports betting games provider ParlayBay has secured a €3.5 million investment to accelerate its growth plans.
The latest funding round has been secured from an unnamed group of industry leaders and will allow the company to improve its product suite, which includes in-play micro betting markets such as Streak, Stack’Em [...]
Yolo Investments is launching a new flagship investment fund which aims to raise €100 million.
Building on its previous fund, Yolo Fund II is structured as a Guernsey-registered limited partnership and is licensed by the Guernsey Financial Services Commission (GFSC).
Yolo Investments’ first flagship fund was launched in 2019 and invested in [...]
Sydney-listed gaming supplier Ainsworth Game Technology is undertaking a strategic review to maximise shareholder value.
Ainsworth confirmed Tuesday that it has appointed Macquarie Capital as its financial advisor to undertake a review of all potential opportunities available to the company.
“The strategic review will include a broad range of potential organic and [...]
Las Vegas Sands has filed a registration statement with the US Securities and Exchange Commission (SEC), paving the way for an offering of the company’s securities.
LVS currently operates casinos and resorts in Macau and Singapore, including The Venetian Macao and Marina Bay Sands.
The company exited the Las Vegas market last [...]
Shares in OpenBet and IMG Arena owner Endeavor Group Holdings soared by more than 25 per cent in New York Thursday after announcing the initiation of a formal review to evaluate strategic alternatives for the company.
As part of the review, Endeavor confirmed that it will not consider the sale or [...]
Sydney-listed casino operator Star Entertainment is looking to raise AUD$1.2 billion as part of a new capital raising and refinancing deal to strengthen its balance sheet.
Having raised $800 million from shareholders in February of this year, the embattled casino operator is tapping shareholders for another $750 million in equity raising, [...]
NorthStar Gaming has posted sequential revenue growth of 27 per cent for the second quarter of 2023.
Gaming revenue at the Toronto-listed online betting and gaming operator climbed to CAD$4.6 million in Q2 2023 from $3.6 million in the first quarter of the year.
Revenue in the second quarter of 2022 was [...]
Stockholm-listed iGaming affiliate Catena Media has initiated a cost reduction programme of up to €4.2 million to optimise its business following the recent sale of its UK and Australian operations.
The annual cost reductions are expected to be between €3.8 million and €4.2 million, and are in addition to the €2.8 [...]
TAB New Zealand's direct funding to the domestic racing industry will reach a record NZ$215 million for the upcoming 2023/24 racing season.
TAB NZ’s direct funding of racing is made up of a distribution payment to Racing New Zealand, the application of class 4 gaming proceeds to the Racing Authorised Purpose, [...]
New York-listed Golden Matrix Group (GMGI) has agreed to amend its agreement to acquire Malta-based betting and gaming operator MeridianBet, with the revised cash and stock transaction now 10 per cent higher at $331 million.
The revised agreement will see the closing cash payment reduced from $50 million to $30 million, [...]