Posts From: October 2024

Bookies drop on report of UK government mulling tax hikes

Entain and Flutter Entertainment were trading 12.6% and 7.3% lower, respectively. As per media reports, Treasury officials are exploring proposals to raise between £900m and £3bn by increasing taxes on...

Finance News
Flutter Entertainment price target raised to $287 from $255 by JMP Securities

JMP Securities analyst Jordan Bender raised the firm’s price target on Flutter Entertainment to $287 from $255 and keeps an Outperform rating on the shares. Gaming has been a mixed bag year-to-date,...

Finance News
RotoUnderworld secures $1.5 million in pre-seed funding

RotoUnderworld, a technology company that analyzes statistical data for fantasy sports, announced today that it has raised $1.5 million in a pre-seed funding round to build the next-generation fantasy gaming platform. The...

Finance News
Penn Entertainment third-quarter revenue in line with expectations

PENN Entertainment said it expects third-quarter retail operations adjusted EBITDAR to be in the range of $465 million to $475 million. The company also raised its interactive adjusted EBITDA guidance for...

Finance News
Sporttrade secures new backing from SIG Sports

Sporttrade a Philadelphia-based sports betting operator is pleased to publicly announce that it has added strategic investor SIG Sports Investments Corp. In addition to providing substantial growth capital to the business through two...

Finance News
Allwyn International relocates to Switzerland

Allwyn, a leading multi-national lottery operator headquartered in Switzerland, today announces that the Allwyn entity Allwyn International a.s. (“AIAS”) has relocated from the Czech Republic to Switzerland.  Effective 1 October 2024, AIAS...

Finance News
Labour took more than £1m in donations and gifts from gambling firms

United Kingdom Prime Minister Keir Starmer and his Labour Party received tens of thousands of pounds worth of money as donations and corporate hospitality from betting companies and other senior figures...

Finance News
Flutter Entertainment unveils $5bn share buyback

Flutter, the world’s largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of...

Finance News
Fantasma Games shares jump on EveryMatrix €18.5m takeover bid

EveryMatrix has announced a recommended public offer to acquire all shares in Fantasma Games AB for SEK 59 (€5.21) in cash per share with a total cash consideration of SEK 209.8...

Finance News
New Jersey gambling revenue tops $555m in August

The New Jersey Division of Gaming Enforcement announced the August 2024 total gaming revenue results. Based upon filings with the Division of Gaming Enforcement, Casino Win for the nine casino...

Finance News