Posts From: November 2025

DraftKings stock price target lowered by BMO Capital

BMO Capital lowered its price target on DraftKings to $63 from $65 while maintaining an outperform rating and top-pick designation. The stock currently trades at $30.57, down 17.8% year-to-date and near...

Finance News
Finish government eyes Veikkaus flotation

With the new gambling legislation reform underway, Finland’s governemnt could in the future sell a minority stake in Veikkaus. While it’s quite clear that during this government term (ending April...

Finance News
Winvia trades at premium to IPO price amid “strongly supported” offer

London’s run of flotations continued into a new month, with the arrival of Winvia Entertainment PLC ,a lottery and gaming operator in the UK and Romania, after raising £40 million in...

Finance News
Kalshi hits record trading volumes in October

Kalshi reached a monthly trading volume of $4.4 billion in October, surpassing Polymarket. According to data from The Block, the number of monthly active traders on Polymarket climbed to 477,850...

Finance News
betr Entertainment reports Q1 net win of A$38 million

betr Entertainment reported fiscal first quarter turnover of AU$363 million, up from AU$286.6 million last year, according to a Thursday filing with the Australian bourse. The company’s net win for...

Finance News
Rush Street posts record third quarter revenue of $278 million

Rush Street Interactive a prominent online gaming and sports entertainment company operating in the United States, Canada, and Latin America, known for its brands like BetRivers, PlaySugarHouse, and RushBet, offering...

Finance News
evoke shares surge as company reaffirms guidance, beats expectations

evoke one of the world’s leading betting and gaming companies, saw its shares surge 4.4% on Tuesday after reporting third-quarter revenue growth of 5% and reaffirming its full-year guidance that...

Finance News
BetMakers reports strong Q1 FY26 

BetMakers Technology Group has reported a 361% growth in Adjusted EBITDA for the first quarter of FY26, driven by margin expansion. Revenue for the Quarter increased 7.7% on a normalised...

Finance News
Allwyn launches $1.64bn offering to finance PrizePicks acquisition

Allwyn International together with its subsidiaries, joint ventures and associates has provided an update on trading for the period ended 30 September 2025, concurrent with the launch of an offering of a USD-denominated Term Loan B in the principal amount...

Finance News
UK gambling tax rises would cost the economy £3 billion

A BUDGET tax raid on betting would threaten 40,000 jobs and cost the economy £3 billion, analysis from EY suggests. It would also push £8.4billion in stakes to black markets....

Finance News