Posts From: July 2023

Virginia surpasses $404 million in gross sports wagering 

The Virginia Lottery has released its report on sports wagering activity for May. Virginians wagered nearly 404 million dollars between May 1st and May 31st, which is about 15 percent higher...

Finance News
Flutter takes over £100m in wagers during Royal Ascot

Flutter’s UK&I brands – Betfair, Paddy Power & Sky Betting & Gaming – took in well over £100m in stakes, executing close to 22m bets across the Royal Ascot Festival....

Finance News
Betr unveil $35M funding round, $300M valuation

Betr, a Miami, FL-based sports betting and sports media company, raised $35M Series A2 funding, at a $300M pre-money valuation. The round was led by Roger Ehrenberg via IA Sports Ventures and Eberg Capital,...

Finance News
Pointsbet shares in trading halt

Pointsbet has requested an immediate trading halt to “enable it to manage its continuous disclosure obligations in relation to a material transaction.” Pointsbet has requested that the trading halt remain...

Finance News
Fanatics the winner in PointsBet auction to sell US wagering business

Fanatics won the sports betting bidding war for the company, valued at $225 million. The sale comes after Fanatics initially reached an agreement with PointsBet at around $150 million on May 16, just...

Finance News
Super Group added to Russell 2000® Index

Super Group the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that it has been added to the...

Finance News
Sportech aims to return £3.5m to shareholders following restructure

Sportech on Monday said it is restructuring its share capital to reduce its current cost base and that it is declaring a special interim dividend. The London-listed betting-technology company intends...

Finance News
DraftKings, Fanatics had merger negotiations prior to PointsBet deal

When DraftKings swooped in with a late effort to snatch the U.S. operations of PointsBet from Fanatics, it felt like there was more to the story. And there reportedly is. DraftKings CEO...

Finance News
Northstake raises $3 mln backed by Funfair Ventures

Northstake, a cryptocurrency staking platform aimed at institutional investors, raised 2.8 million euros ($3 million) from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund. The...

Finance News
Better Collective upgrades its financial targets

Executing on its vision to become the leading digital sports media group, Better Collective announces an upgrade of its 2023 financial targets. Following its record-breaking Q1, the group has carried...

Finance News