Business & M&A

With the broader real estate sector rallying, VICI Properties (NYSE: VICI) is standing out for the wrong reasons, but some professional investors see opportunity in the stock. On Monday, LRT Capital founder Lukasz Tomicki took to X to reveal a long position in VICI, noting that “the stock, however,…

Circa Hotel & Casino has added 49 hotel rooms across two floors as part of a multiyear expansion plan for the downtown Las Vegas property. The new rooms occupy the resort’s 49th and 50th floors and are scheduled to open September 1, nearly six years after Circa launched with seven hotel floors left…

Cantor Fitzgerald & Co. has launched institutional trading for prediction markets, giving institutional clients access to block trading in event contracts on Kalshi, the leading U.S. Commodity Futures Trading Commission-regulated exchange. The investment bank will act as an introducing broker, arra…

Seneca Resorts & Casinos will begin a $47 million renovation of guest rooms at Seneca Niagara Resort & Casino in October, updating 594 rooms and suites across 22 floors of the 26-story property. The project covers 394,000 square feet and represents the first major overhaul of the guest rooms since…

Allwyn UK has appointed Phil Walker as interim CEO after Andria Vidler stepped down. Vidler's term comes to an end following the completion of key Fourth National Lottery licence transition milestones. Since Allwyn was awarded the licence in September 2023, Vidler led upgrades to technology and inf…

Following the launch of new studio Playzaar, Gambling News sat down with Mr. Zaar, CEO, Finder of Play, and the brand’s most mysterious hire. We managed to pin him down for a few questions about games, players, partners and why he has strong opinions about casino lobbies. First things first, who ex…

Bally’s Corp. could sell its development rights surrounding the Athletics’ planned Las Vegas ballpark, with an interested buyer considering the $1.1 billion mixed-use project as the company prepares to proceed with the first phase if no transaction is reached, the Las Vegas Review-Journal reported.…

Amid concerns regarding Bally’s (NYSE: BALY) financial health and its ability to procure capital for crucial projects, shares of Gaming and Leisure (NASDAQ: GLPI) pulled back in recent days, but one analyst believes that retrenchment may create a buying opportunity. Shares of the real estate invest…

BetMGM has launched a new progressive jackpot feature in Michigan, giving online casino players the option to place additional wagers for a chance to win prizes across more than 200 eligible games. The BetMGM Jackpots feature allows players to place an optional $0.10 SideBet on qualifying wagers. T…

EFL Championship outfit Bristol City is reportedly the subject of interest from business mogul and Kaizen Gaming owner George Daskalakis. Sky News reported this morning that Daskalakis, Chief Executive Officer and Co-Founder of Kaizen, which operates the well-known Betano brand, “is in talks to buy…

Prediction-market trading linked to the US midterm elections has already surpassed the total recorded during the entire 2024 congressional election cycle, highlighting the rapid expansion of the sector ahead of November's vote. The Anti-Corruption Data Collective (ACDC), a non-profit research and a…

Employees of MGM Resorts International, the largest US casino operator by gaming revenue, are giving back to the communities where they live and work. Las Vegas-based MGM Resorts announced on Tuesday (Aug. 18) the recipients of more than $4.6 million in charitable and nonprofit giving through the c…

Fanatics Sportsbook has secured an official sports betting partnership with the NFL under a new multi-year, non-exclusive deal. The agreement, which is expected to be announced before the season opener, gives Fanatics access to premium NFL media inventory, including in-game advertising and network…

Bally's Corporation shares fell more than 25% in trading Monday after the operator disclosed in a second-quarter 10-Q filing with the Securities and Exchange Commission that it faces "substantial doubt" about its ability to continue as a going concern. The filing was submitted August 14. Shares clo…

Sweden’s AB Trav och Galopp (ATG) has published its financial report for the first half of 2026, reporting stable revenues despite the weaker performance in the second quarter of the year. While the company experienced slight declines, its operating profit for the six-month period increased. The Co…

Allwyn Entertainment Limited (Allwyn UK) has announced changes to its leadership, confirming Andria Vidler’s departure from the CEO role. The company added that Phil Walker has been appointed as her successor on an interim basis. Allwyn UK Welcomes a New CEO on an Interim Basis In its announcement,…

Zitro Digital, the online division of leading gaming supplier Zitro, has signed an agreement with Novusbet, an iGaming platform provider and content aggregator. Under the deal, operators connected to Novusbet's network will gain access to Zitro Digital's slots and Video Bingo catalog. The lineup in…

iGaming brands want scale. Not another affiliate deal, scale. Reacheffect, a performance marketing company working across gambling and betting verticals, says demand for scalable digital advertising is climbing fast. Operators want awareness. They want to test new markets. They want to grow globall…