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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

Light & Wonder looks to Australia for long-term investors

The board of directors of New York-listed gaming supplier Light & Wonder are evaluating a secondary listing of the company’s shares on the Australian Securities Exchange (ASX).

The board believes that a secondary listing in Australia will enhance the company’s profile in the country, one of L&W’s leading markets, and give [...]

2 mins read
Northstar Bets

Northstar Gaming names new board ahead of Toronto listing

Canadian online betting and gaming operator NorthStar Gaming has appointed eight members to the company's board of directors, as the company prepares to commence trading on Canada’s TSX Venture Exchange later today.

The listing follows completion of the reverse takeover of Baden Resources and concurrent fundraising that resulted in aggregate gross [...]

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

Lottomatica begins IPO process as 2022 revenue hits €1.4bn

Italian betting and gaming operator Lottomatica has reported a 73 per cent increase in revenue to €1.4bn as the company begins the process to become a listed company in Milan.   

Buoyed by a record performance in the final quarter of 2022, the full year revenue growth was mainly due to the [...]

1 min read

GiG looks to separate Media and Platform businesses

iGaming affiliate and technology supplier Gaming Innovation Group has announced a strategic review that will examine the separation of the company into two separate publicly listed businesses.

The company said that the purpose of the split is to sharpen the focus for each business segment and optimise growth opportunities by separating [...]

2 mins 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

Super Group plans $25m share repurchase program

Shares in online betting and gaming operator Super Group (SGHC) gained in after-hours trading following the announcement of a $25m share repurchase program.

The operator of the Betway and Spin online betting and gaming brands announced Wednesday (Jan. 11) that the board of directors have authorized the repurchase of up to [...]

2 mins read

Flutter Entertainment claims victory over FOX in FanDuel dispute

The arbitration tribunal hearing the dispute between Flutter Entertainment and FOX has set a base price of $3.7bn on FOX’s option to acquire an 18.6 per cent stake in FanDuel Group.

Flutter Entertainment acquired a 57.8 per cent stake in FanDuel Group in late 2018, alongside an option to acquire a [...]

1 min read

Wynn stock surges on investment by Tilman Fertitta

Shares in Wynn Resorts gained almost 10 per cent in New York Monday after casino executive Tilman Fertitta acquired a significant stake in the business.

A Securities and Exchange Commission filing published Monday shows Tilman Fertitta acquired 6,917,551 shares in Wynn Resorts on October 19, giving him a 6.1 per cent [...]

1 min read

Enteractive Media agrees Nasdaq SPAC merger

Gambling-focused media company Enteractive Media plans to go public on the Nasdaq stock market through a merger with special purpose acquisition company Parsec Capital Acquisitions.

The board of directors of both companies have approved the transaction, which is expected to close before the end of this year, subject to shareholder approval [...]

2 mins read

Tekkorp Digital Acquisition to delist from Nasdaq and liquidate

Nasdaq-listed Tekkorp Digital Acquisition Corp. (TDAC) has begun the process of winding down after failing to find a suitable acquisition target.

TDAC was established by gaming executive Matt Davey in October 2020 and was expected to combine with Caliente Interactive, the online gaming joint venture between Mexican casino operator Caliente and [...]

1 min read
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