Stocks News


LeoVegas assisting authorities in insider trading probe

Stockholm-listed gaming operator LeoVegas is assisting Sweden’s Economic Crime Authority in its investigation of suspected insider trading.

The company was contacted by the Economic Crime Authority on June 7 regarding a preliminary investigation into suspected insider trading in the company’s shares, with LeoVegas stating that it is fully assisting the authorities [...]

1 min read

Tabcorp set to complete demerger of lottery and keno arm

The Supreme Court of New South Wales has approved Tabcorp’s proposed demerger of its lottery and keno division, paving the way for it to commence trading as a separately listed company in Sydney next week.

The demerger of The Lottery Corporation was overwhelmingly approved by Tabcorp shareholders at a General Meeting [...]

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 [...]

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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 [...]

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Sportech announces £7m capital distribution

London-listed technology supplier and gaming operator Sportech will return £7.0m to shareholders through a capital distribution.

The distribution follows the sale of Sportech’s terrestrial lottery business in the Dominican Republic for £9.25m in January, with retained capital earmarked for financing organic growth opportunities.

“Management's successful sale of the terrestrial lottery business facilitated [...]

1 min read

Betsson brings in Roland Glasfors to lead investor relations

Stockholm-listed gaming operator Betsson has appointed Roland Glasfors as vice president of communications, sustainability and investor relations. 

Glasfors joins Betsson from Swedish payment service provider Trustly, where he served as head of investor relations, having previously held a similar role at NetEnt.

He will begin his new role as part of Betsson's [...]

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Bragg Gaming shares soar on strong 2021 revenue growth

Toronto-listed iGaming technology and content provider Bragg Gaming Group has reported better than expected results for 2021, with revenue expected to be 25 per cent higher than a year ago at €58.0m (US$66.1m).

Benefiting from continued momentum from its iGaming content and platform expansion, Bragg said Tuesday that it expects to [...]

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Super Group to begin trading on NYSE Friday Jan. 28

Online betting and gaming operator Super Group will begin trading on the New York Stock Exchange on Friday (Jan. 28) after its business combination with Sports Entertainment Acquisition Corporation (SEAH) secured shareholder Wednesday.

SEAH’s shareholders voted to approve the proposed business combination with Betway parent Super Group, with 34,579,356 voting in [...]

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Allwyn Entertainment prepares New York listing with CRHC SPAC

Multi-national lottery operator Allwyn Entertainment plans to go to public on the New York Stock Exchange through a business combination with special purpose acquisition company Cohn Robbins Holdings Corp.

Allwyn Entertainment, formerly known as Sazka, expects to close the transaction in the second quarter of this year, subject to approval by [...]

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Investor gloom as gaming shares slump in November

There was little to cheer for gaming investors in November as the vast majority of the industry’s leading publicly-listed gaming companies saw their share prices decline over the course of the month.

Of the 50 operators and suppliers making up the Gaming Intelligence Stock List, the combined value of their shares [...]

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Evolution launches share buy-back program

Stockholm-listed casino supplier Evolution will repurchase up to €200m of its own shares in bid to improve capital structure and shareholder value.

Evolution stock was trading over six per cent higher on news of the capital reduction plan, which will see the company acquire its own shares on the Nasdaq Stockholm [...]

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GAN announces $5m repurchase plan as share price hits new low

New York-listed gaming supplier and operator GAN plans to buy back up to $5m of its ordinary shares before the end of May 2022.

The share repurchase plan will allow GAN to take advantage of its historically low share price, which the company sees as being significantly dissociated from future earnings [...]

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