Posts From: January 2024

Amazon ‘weighing up’ Diamond Sports Group investment

Amazon is in talks with Diamond Sports Group operator of Bally Sports regarding a strategic investment into the beleaguered regional sports giant, according to Wall Street Journal. An investment from...

Finance News
Penn Entertainment stock up 7% on potential board shake-up

HG Vora Capital Management, a major shareholder in Penn Entertainment with an 18.5% economic interest, is reportedly engaged in discussions with the casino operator regarding board representation.  The hedge fund, as...

Finance News
Yolo Investments launches new €100 million fund

Yolo Investments has announced the launch of its new flagship investment fund, targeting a capital raise of €100 million, as it further expands its fast-growing ecosystem of investments across gaming, blockchain,...

Finance News
Ohio sports wagers top $746 million in October

Ohioans have now placed more than $4 billion worth of bets on sports gambling in 2023, though July was the slowest month for sports betting so far this year. Combined...

Finance News
Virginia gaming revenue tops $51 million in November

Revenues totaled $51.2 million in November, according to Virginia Lottery data released Friday. Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia...

Finance News
Loto-Québec first half revenue tops $1.41 billion

Loto-Québec announced results for the first half of the 2023–2024 fiscal year that are in line with its normal growth trajectory. The corporation posted total revenues of $1.412G and a...

Finance News
Entain stocks soar as fourth New York activist fund takes 4.4% stake

Corvex Management LP today announced that funds affiliated with Corvex recently acquired approximately 28 million shares of Entain PLC representing approximately 4.4% of the total shares outstanding. Corvex issued the following statement...

Finance News
How to Cross-Sell Successfully: Sportsbook in Casino Operations

Welcome to the exhilarating iGaming world, where strategic mastery and diversification unlock new realms of opportunity. In the ever-evolving landscape of online gambling, the true art deepens engagement with those...

Finance News
Esports Entrainment share price dives after it suspends dividend

Esports Entertainment Group announced that its Board of Directors has suspended payment of the monthly cash dividend on the Company’s outstanding 10% Series A convertible preferred stock. Alex Igelman, CEO...

Finance News
Kentucky sports betting revenue exceeds market expectations

Kentucky Gov. Andy Beshear announced Thursday that the state has received nearly $8 million in taxes from sports gambling revenues in September and October. The report puts the tax revenue...

Finance News