SharpLink Gaming said it would repurchase up to $1.5 billion of its common stock. Co-CEO Joseph Chalom said the company could buy shares if they traded at or below the net asset value of its Ethereum holdings, rather than issue stock to fund further cryptocurrency purchases.
The plan could affect SharpLink’s use of equity financing and the number of shares held by investors.
The day’s most important stories, free. One email a day.
In an interview, CBRE credit research head Colin Mansfield said scale matters to Bally’s long-term UK position as the market consolidates. Bally’s Intralot reported a 22.8% year-on-year rise in B2C revenue in preliminary Q3 results, attributing it to UK growth and the addition of Intralot’s B2C business.
Bally’s Intralot reported a 22.8% year-on-year increase in B2C revenue in its preliminary Q3 results, which it attributed to UK growth and the addition of Intralot’s B2C business. B2C revenue rose from around $210m to more than $257m in Q3.
StarCasinò reportedly added Dragon Unchained, Le Gift Grabber, Demon Beats and Power Puff to its Italian platform during the second week of November. Dragon Unchained and Le Gift Grabber were presented as Italian-market exclusives; the releases involved Games Global, Nailed It! Games, Hacksaw Gaming, NetEnt and Red Tiger.
Allwyn Digital CEO Kresimir Spajic said the company's source-code licensing agreement with Kambi is an initial step towards a more connected entertainment offering. He said Kambi's technology could help differentiate Allwyn's products.
Allwyn Digital CEO Kresimir Spajic said a source-code licensing agreement with Kambi was a first step towards a more connected entertainment offering. Spajic said Kambi's technology could help distinguish Allwyn's products.
RGB International has opened a showroom in Manila to support land-based and online gaming operators in the Philippines. The facility displays equipment from international suppliers and will serve as a local repair and spare-parts centre, the company said. RGB executive director Chuah Hui Jing said the company had secured accreditation as a B2B online gaming solutions provider in the country.
A new showroom in Manila is part of RGB International Bhd's push to expand its presence in the Philippine gaming market and services for land-based and online operators. The facility also houses local repair and spare-parts services intended to reduce downtime and improve technical support for casinos, according to the group.
Bally’s Intralot increased its UK online growth rate in the third quarter, while completion of its takeover of evoke is delayed until 2027. The company’s nine-month results show the higher duty reduced adjusted EBITDA by about €68m; a media report said it recovered 55% of the third-quarter impact through revenue growth, marketing efficiency and cost control. The deal still requires further gambling-regulator approvals and a court hearing in Gibraltar.