Posts From: July 2021

Rank Group secures £25m revolving credit facility

Rank Group has announced that it has signed a new two year £25m revolving credit facility agreement with Lloyds Bank plc.  The facility provides the Group with additional liquidity and...

Finance News
Playtech receive $250 Mln offer for its financial trading arm Finalto

Gopher Investment a 4.97% shareholder in Playtech plc and an affiliated entity of TT Bond Partners, has announced that it has made an indicative offer to the Board of Directors...

Finance News
Rank Group trades in line with expectations

Rank Group said venues were trading above cash breakeven and that it expects trading to continue to improve as social distancing and international travel restrictions are eased. In Grosvenor, like-for-like...

Finance News
Scientific Games to divest lottery and sports betting businesses

Scientific Games with the support of its Board of Directors, including Executive Chair Jamie Odell and Executive Vice Chair Toni Korsanos, intends to divest its Lottery and Sports Betting businesses.  Scientific Games is evaluating...

Finance News
Gambling.com files for New York IPO

Gambling.com Group has announced it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its ordinary shares. The...

Finance News
UK Government provide £21.5m loan to support British Racing

British racing’s leaders and the Horserace Betting Levy Board (HBLB) have announced details of HBLB’s agreed deployment of £21.5 million of loan funding secured from the Government’s Sport Winter Survival...

Finance News
Condere takes SPAC route to listing

Codere Online Luxembourg, S.A and their consolidated subsidiaries and Codere Newco, S.A.U. have entered into a definitive business combination agreement with DD3, a publicly-traded special purpose acquisition company, that will...

Finance News
Sportnco sees revenue jump 37%

Sportnco is delighted to announce a 68% increase in EBITDA from €3.7m to €6.1m in 2020, following approval of its consolidated accounts at its shareholders assembly. Sportnco’s revenues, which rose...

Finance News
Sazka first quarter revenue rises 30%

European lottery operator SAZKA Group has reported a 30% per cent increase in gross gaming revenue to €526 million EBITDA increased by 20% year-on-year to €133 million. Adjusted EBITDA was...

Finance News
Smaekets secures investments from Susquehanna Growth Equity

Smarkets has announced the closing of a significant minority investment from Susquehanna Growth Equity (SGE).   Having raised just £3.8m ($5.4m) since its inception in 2008, with its Series A round...

Finance News