Fantasy sports operator Basketball Forever has secured more than $4 million in a Series A funding round led by Yolo Investments.Having recently established a North American office, Basketball Forever plans to use the funds to accelerate growth by increasing its efforts to acquire a bigger audience in the region, expand [...]
New Zealand’s Westpac bank has rolled out an account blocking service to support customers struggling with online gambling.The new service allows Westpac NZ account holders to block transactions with online gambling operators via a single request, with online gambling blocking applied to all of their credit and debit cards. According to [...]
Betting solutions provider OpenBet has made an investment in Strive Gaming, enabling the two companies to market their platforms as a fully-integrated solution.The deal is expected to provide increased commercial opportunities for both organisations across North America by combining Strive’s Player Account Management (PAM) platform with OpenBet’s betting platform and [...]
Betting and gaming affiliate Better Collective has raised DKK1.08 billion (approximately €145.1 million) through a new share offering, which will be used for future M&A opportunities in the sports media space.The company has issued 5,712,284 new shares, equivalent to approximately 10 per cent of its registered share capital, through an [...]
SharpLink Gaming has sold its SportsHub fantasy sports and free-to-play game development businesses to RSports Interactive for $22.5 million.SharpLink only acquired the SportsHub business just over a year ago, but said that the sale would significantly reduce its operating expenses and help the company achieve positive cash flow from its [...]
Malta-headquartered sports betting games provider ParlayBay has secured a €3.5 million investment to accelerate its growth plans.The latest funding round has been secured from an unnamed group of industry leaders and will allow the company to improve its product suite, which includes in-play micro betting markets such as Streak, Stack’Em [...]
Yolo Investments is launching a new flagship investment fund which aims to raise €100 million.Building on its previous fund, Yolo Fund II is structured as a Guernsey-registered limited partnership and is licensed by the Guernsey Financial Services Commission (GFSC).Yolo Investments’ first flagship fund was launched in 2019 and invested in [...]
Sydney-listed gaming supplier Ainsworth Game Technology is undertaking a strategic review to maximise shareholder value.Ainsworth confirmed Tuesday that it has appointed Macquarie Capital as its financial advisor to undertake a review of all potential opportunities available to the company.“The strategic review will include a broad range of potential organic and [...]
Las Vegas Sands has filed a registration statement with the US Securities and Exchange Commission (SEC), paving the way for an offering of the company’s securities.LVS currently operates casinos and resorts in Macau and Singapore, including The Venetian Macao and Marina Bay Sands.The company exited the Las Vegas market last [...]
Shares in OpenBet and IMG Arena owner Endeavor Group Holdings soared by more than 25 per cent in New York Thursday after announcing the initiation of a formal review to evaluate strategic alternatives for the company.As part of the review, Endeavor confirmed that it will not consider the sale or [...]
Sydney-listed casino operator Star Entertainment is looking to raise AUD$1.2 billion as part of a new capital raising and refinancing deal to strengthen its balance sheet.Having raised $800 million from shareholders in February of this year, the embattled casino operator is tapping shareholders for another $750 million in equity raising, [...]
NorthStar Gaming has posted sequential revenue growth of 27 per cent for the second quarter of 2023.Gaming revenue at the Toronto-listed online betting and gaming operator climbed to CAD$4.6 million in Q2 2023 from $3.6 million in the first quarter of the year. Revenue in the second quarter of 2022 was [...]
