Posts From: April 2024

K&F advises Bally’s to reject Standard General’s ‘undervalued’ buyout offer

K&F Growth Capital, an asset management firm and shareholder of Bally’s Corporation, has publicly recommended that the Special Committee of Bally’s Board of Directors reject an acquisition proposal from Standard...

Finance News
NeoGames extends SAZKA partnership

NeoGames has announced a three-year contract extension with its long-standing Czech lottery customer, SAZKA, with the agreement to remain in effect until the end of 2028. SAZKA, a part of...

Finance News
Gaming Realms revenues up by a quarter as Slingo delivers again

Mobile games developer Gaming Realms has cheered a 47% surge in annual profits after notching up record sales thanks to further global releases of its Slingo franchise. The group, which...

Finance News
Nuvei goes private in $6.3 billion sale to Advent International

Private equity firm Advent International has agreed to buy Nuvei in an all-cash deal that values the Ryan Reynolds-backed payments technology firm at $6.3 billion. The deal, announced on Monday, will...

Finance News
Flutter CEO sees bonus triple to £3.2m

The chief executive of Flutter Entertainment, Peter Jackson, has seen his bonus almost triple last year to £3.2m / €3.7m. Mr Jackson saw his bonus jump in 2023 from the...

Finance News
Allwyn doubles revenue to €7.88 billion in 2023

Allwyn International and, together with its subsidiaries, joint ventures and associates announces its preliminary unaudited financial results for the three and twelve months ended 31 December 2023 and provides an...

Finance News
Flutter ‘strong trading performance’ as revenue rises to $11.79bn

Flutter Entertainment has reported an increase in revenues, average monthly players and adjusted EBITDA for the 12 months to the end of December. But the company’s net loss rose to...

Finance News
888 Holdings reports higher annual profit

888 Holdings retained its 2024 profit forecast on Tuesday after reporting a rise for last year, as higher marketing spend on gaming and betting businesses helped the company mitigate the...

Finance News
Allwyn International secures £500m loan facility

Allwyn International, a leading multi-national lottery operator, today announced that it has entered into a €500 million accordion facility with a syndicate of international banks. The banks have committed to provide the...

Finance News
Rush Street in talks over potential sale with DraftKings

Rush Street Interactive shares jumped last week after Bloomberg reported the company is exploring a potential sale. Sources indicated that the list of potential buyers that have been approached included...

Finance News