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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Australia’s financial intelligence agency is launching an enforcement investigation into Entain Group’s compliance with anti-money laundering (AML) regulations.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) said Monday that it is launching the investigation after conducting an extensive supervisory campaign that assessed entities within the corporate bookmaking sector.
AUSTRAC provided no further [...]
Nasdaq-listed Lottery.com has lost three board members in a dispute over future funding, with company secretary and chief legal and operating officer Kathryn Lever also tendering her resignation.
The exodus is in response to a proposed $52.5m investment in the company by Woodford Eurasia Assets, which the former directors say was [...]
Tallinn-based venture capital fund Yolo Investments continues to expand its iGaming portfolio, this time through a multi-million Euro investment in sports data technology provider Betegy.
The non-controlling stake will be used to drive the next stage of Betegy's global expansion, with the supplier's data-driven service currently used by the likes of [...]
London-based sports media and betting operator LiveScore Group is looking to expand its global presence after securing a £50m strategic investment from Swiss media giant Ringier.
The landmark partnership will see Ringier invest in LiveScore Group’s growing business, which currently comprises sports data provider LiveScore and licensed operators LiveScore Bet and [...]
Online casino games supplier Bragg Gaming has secured US$8.7m in funding from New York-based institutional fund manager The Lind Partners.
The funding from Lind Global Fund II will come in the form of a $8.7m convertible security, which will have a face value of $10.0m.
Bragg will receive net proceeds of approximately [...]