New York-listed casino operator Penn National Gaming has strengthened its balance sheet by $600m with the closing of its common stock and convertible notes offering.
Strong investor demand saw the company increase the size of the offering to $300m common shares and $300m of 2.75% Convertible Senior Notes due 2026, with [...]
After the havoc wreaked on share prices across the world during the first quarter of 2020, there was some welcome respite for the gaming industry as the gloom began to lift in April.
Having recorded a 24 per cent drop in their combined share prices during Q1 as the coronavirus pandemic [...]
America’s first pure-play sports betting and online gaming business will begin trading on the Nasdaq Global Select Market today following completion of the business combination between DraftKings, SBTech and Diamond Eagle Acquisition Corp.
The business combination was first announced in December 2019 and brings together leading US sports betting operator DraftKings [...]
Trading in shares of London-listed gaming technology supplier Nektan has been suspended as the company prepares to enter administration.
The company announced two weeks ago that it would hold discussions with advisors and stakeholders regarding the future of the group after its Rapid Games US joint venture ceased trading and its [...]
The first quarter of 2020 has not gone according to anyone's plan, to state the obvious. Markets and businesses across the globe have experienced unprecedented disruption and the chaos was hard felt by gaming operators and suppliers alike.
After seeing their combined share prices increase by 45 per cent in 2019, [...]
Casino games developer Ganapati has announced plans to delist its shares from the Aquis stock exchange as authorities in Japan commence legal action against a subsidiary of the company.
The company’s shares are currently priced at 3 pence on the Aquis Stock Exchange, a UK-based stock market providing primary and secondary [...]
Stockholm-listed gaming operator Kindred Group is withdrawing its proposed dividend so that the company can be well capitalised to take advantage of future opportunities.
In a trading update released late Thursday, Kindred reported a strong start to the year with gross winning revenue for the first quarter of 2020 estimated to [...]
Shares in Catena Media soared by more than 60 per cent in Stockholm Wednesday as the online lead generation specialist revealed that it does not expect any negative long-term revenue effects from COVID-19.
The company said that revenue increased by 6 per cent to €18.0m during the first two months of 2020, [...]
London-listed gaming supplier GAN is moving forward with its proposed Nasdaq listing as the casino shutdown in the United States begins to translate into higher revenue from online gaming.
GAN said Wednesday that the US casino closures in response to the COVID-19 pandemic have resulted in increased simulated gaming activity online, as major clients undertake [...]
Casino supplier NetEnt is laying off 120 employees in Stockholm and Malta as it fully integrates the recently acquired Red Tiger business, with the restructuring expected to deliver annual savings of SEK150m (€13m).
The company said that the restructuring is in line with its strategy of continuous improvement across all parts of [...]
London-listed gaming operator and supplier Playtech has postponed its share buyback programme and cancelled its final dividend for 2019 as it shores up its financial position.
The company said Thursday that the buyback programme would be postponed until further notice in order to maximise liquidity, with approximately €10m of the €40m programme completed.
This will also [...]
London-listed betting and gaming operator William Hill will pay no final dividend to shareholders for the first time in a decade as the company works to minimise the impact from cancelled sports events due to COVID-19.
William Hill said late Monday that it could see a £100m to £110m reduction in 2020 EBITDA as [...]