Laurence Escalante Set To Buyout Investors In VGW
Laurence Escalante is set to take full control of Virtual Gaming Worlds (VGW), the company behind Chumba Casino, Luckyland Slots, and Global Poker.
Gambling Business News
Dan Le Batard And Meadowlark Media Sign New Deal With DraftKings
Dan Le Batard announced on his podcast on Wednesday that he has won "the prize everyone in podcasting wants", a new sponsorship deal with DraftKings.
PENN CEO And Director Buy Up Shares After Price Drop
Penn Entertainment CEO Jay Snowden and Director David Handler bought a combined 44,000 shares after a recent price drop, caused by a report by disgruntled investor HG Vora.
Better Collective Revenue Drops 13% With Struggles In Brazil And The US
Better Collective reported a year-on-year revenue decline of 13% in Q1, falling to €83m ($93m). EBITDA also dropped, down to €22m, which marked a 24% decline from Q1 2024.
Flutter Issues $2.8 billion In Debt Notes To Finance Snai Italia Acquisition
Flutter announced the issuance of $2.8 billion in senior secured notes, maturing in 2031, to finance its acquisition of Snaitech Italia. The gambling giant acquired the Italian sports betting company last month for €2.3 billion.
Kalshi Retracts Announcement Of Partnership With Elon Musk’s xAI
Prediction market platform Kalshi announced a partnership with Elon Musk's AI company, xAI, only to backtrack and retract the statement.
Light & Wonder Acquires Grover Gaming for $1.05B, Expanding into Charitable Gaming Sector
Light & Wonder finalized the $1.05 billion acquisition of Grover Gaming's charitable gaming assets. The deal includes a $850 million upfront payment and a potential $200 million earn-out over four years.
Codere Online Q1 Results Show Strength In Latin America
Codere Online Q1 results showed an overall 8% increase in net revenue, up to €57 million. Despite currency swings, performance in Latin American markets, namely Mexico, Colombia, and Argentina, was strong. If discounting currency swings, revenue increased by 17%.
Gambling Affiliate Industry News
Gambling.com Reports Record Q1 Revenue
Gambling.com Group reported a 39% year-on-year increase in revenue, reaching $40.6 million in Q1. The online betting affiliate group put its success down to strategic acquisitions that have expanded its portfolio.
Gambling Affiliate Industry News
Catena Media Cut Costs After Earnings Decline
Catena Media has implemented cost-saving measures after reporting a 40% dip in EBITDA for Q1 this year. Adjusted EBITDA fell to €0.9 million, from €1.5 million in Q4 2024. Similarly, revenue dropped to €9.8 million, down from €10.2 million in Q4 2024 and €16.0 million in Q1 2024.
Gambling Affiliate Industry News
Gentoo Media Suffers Q1 Losses Following Brazil Gambling Regulation
Gentoo Media reported €24.8 million in revenue for Q1 2025, marking an 11% decrease from €28.0 million in Q1 2024. This led to a net loss of €2.7 million, a significant downturn from a €9.7 million profit in Q1 2024.
Gambling Business News
Flutter Completes Acquisition Of Brazilian Betting Company NSX
Gambling giant Flutter Entertainment announced it has completed the acquisition of an initial 56% stake in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for approximately $350m.
Casino News
Tada Gaming Obtains UK Gambling License
Tada Gaming continues to expand its global operations and has now obtained a UK gambling license from the UK Gambling Commission.
Gambling Business News
Caesars Unveils First In-House Online Casino Game
Caesars Entertainment today announced the launch of its first proprietary online casino game, Caesars Palace Signature Multihand Blackjack Surrender. The game is now live exclusively on Caesars Palace Online Casino in New Jersey. The company recently established its own in-house games studio, Empire Creative, marking an expansion into gaming development for online casinos. In a press […]
Gambling Business News
DraftKings CEO Adds To Prediction Markets Talk
DraftKings CEO Jason Robins has added his two cents to the growing talk around prediction markets in sports betting. In the company’s Q1 earnings call on Friday, Robins commented, “We continue to actively monitor the events surrounding federally regulated Prediction Markets, including recent court cases.” Robins believes that the trend of companies such as Kalshi, […]