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Financing News

Huddle Tech secures investment from Las Vegas Sands

Huddle Tech, a supplier of automated solutions for trading, odds and risk management for iGaming operations, has secured a strategic investment from Las Vegas Sands.

The investment follows the merger of Huddle Gaming and DeckPrism Sports to form Huddle Tech and enables the company to expand its offering into a full [...]

2 mins read
Catena Media

Catena Media initiates strategic review

Stockholm-listed betting and gaming affiliate Catena Media has initiated a strategic review of certain parts of its business, including its flagship casino brand AskGamblers.

Catena Media said that its board continuously evaluates strategic initiatives, including potential transactions, structural changes and other strategic initiatives with a view to achieving the best outcomes [...]

1 min read
Tekkorp Capital

Caliente Interactive listing nears completion as Tekkorp seeks Illinois license

Tekkorp’s acquisition of Caliente Interactive, Playtech’s strategic partnership with Mexico’s Caliente, is nearing completion with only elements of the financing awaiting finalisation.

Tekkorp and Caliente are working closely together, with Tekkorp receiving approval from the Illinois Gaming Board to apply for a license under the Caliente Interactive LLC vehicle. Super Group’s [...]

1 min read
GAN

GAN secures investment from Beach Point Capital

New York-listed gaming technology supplier and operator GAN has secured a US$30m term loan from California-based investment firm Beach Point Capital Management.

The $30m private credit investment will enable GAN to fund the growth of its existing B2B business and implement its previously announced $5m share buyback programme.

This follows the recent [...]

1 min read
Tekkorp Capital

Tekkorp confirms Australian sports betting partnership with News Corp

Tekkorp Capital today confirmed the planned launch of a new sports betting service in Australia and New Zealand backed by media giant News Corp.

Tekkorp Capital will provide significant investment to launch the new venture, with Tekkorp executives Matt Davey and Robin Chhabra also joining the board of directors.

Former Sportsbet chairman [...]

1 min read

Support the gaming industry’s Ukraine charity

The gaming industry has come together to support the people of Ukraine with a campaign to help fund refugee organisation Choose Love.

Many of the industry’s suppliers and operators employ people from Ukraine or have done business there, which has prompted a number of companies to come together to support its [...]

2 mins read

Access Industries backs DAZN with $4.3bn recapitalization

Digital sports media specialist DAZN Group has secured new financing arrangements with its principal shareholder Access Industries.

The recapitalization has seen Access subscribe for $4.3bn in new shares of the group’s topco, DAZN Group, converting existing preference shares and retiring shareholder loans.

Access has additionally subscribed for a further $250m of new [...]

1 min read

Midnite raises $16m in funding round led by The Raine Group

London-based eSports betting operator Midnite has secured $16m in a Series A funding round led by global merchant bank The Raine Group.

The proceeds will be used to fund Midnite's growth initiatives as the operators looks to expand its existing sportsbook and CashMode skill-gaming products, as well as enter the online [...]

1 min read

Entain to invest £100m in new Ennovate global innovation hub

London-listed betting and gaming operator Entain will invest up to £100m to launch a new global innovation hub, Ennovate, which aims to deliver new experiences to customers.

Ennovate will invest up to £100m in innovation projects, start-up investments and collaborations with UK, European and global partners, with £40m specifically earmarked for [...]

4 mins read

Gambling operators among businesses negatively affected by excessive AML efforts

The European Banking Authority (EBA) has warned that unwarranted de-risking and ineffective management of anti-money laundering risk by European banks is having a detrimental impact on certain sectors of the economy, including gambling operators.

The Opinion published this week by the EBA follows recent research by the banking authority, which found [...]

1 min read
Voxbet

Voxbet secures funding from Tekkorp Capital and Waterhouse VC

iGaming technology provider Voxbet has secured strategic funding from a group of international investors led by Matt Davey and Tom Waterhouse.

Formerly known as Onionsack, Voxbet allows sports bettors to request what they want from a sportsbook via text or speech, and will look to accelerate its growth after attracting investment [...]

3 mins read

BetConnect attracts leading gaming investors

UK-based betting exchange operator BetConnect has secured funding from multiple international investors as it bids to expand its global footprint. 

The company has secured new investment from Australian sectoral specialist Tom Waterhouse, CIO of Waterhouse VC, ex-Fox Bet CEO Robin Chhabra and ex-Fox Bet board advisor and grand parade founder Andy Clerkson. [...]

3 mins read
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