convertible notes
Bally’s proposes A$250m convertible-note funding for Star Entertainment
Star’s unaccepted funding proposal could provide capital while giving Bally’s a controlling stake if the convertible notes convert.
Funding Page 9
seed
Fluid raises seed funding from SpikeUp Media, Xace and Ben Robinson
Fluid’s seed funding is intended to advance product development, expand its team and strengthen its global presence.
Office of Responsible Gambling offers NSW research fellowship worth up to A$480,000
The closed fellowship offered support for research into gambling harm prevention and minimisation in NSW.
Source: Liquor & Gaming NSW
debt facility
MGM China reportedly seeks $2 billion loan for Macau expansion
The reported borrowing would finance MGM China’s planned property expansion and diversification in Macau.
Xanada Investments offers $50,000 to winning iGaming startup
Eligible iGaming startups can apply for the stated equity investment before the 1 April deadline.
Genius Sports prices $144m share offering and reaffirms 2024 guidance
The offering could finance Genius Sports’ general corporate needs, while its guidance provides investors with updated financial expectations.
Series A
Black Cow Technology raises Series A funding with JJK Partners
Black Cow will use undisclosed Series A funding to develop its multiplayer technology and planned games.
Wang Xing Chun buys 5.5% stake in Star Entertainment
Star’s reported investment and year-end cash reserves matter to stakeholders assessing its liquidity and financing outlook.
direct stock offering
180 Life Sciences plans $2.9m stock offering during iGaming pivot
The proposed raise would finance 180 Life Sciences’ transition into the iGaming sector.
Rivalry completes C$3.3m private placement below target
Rivalry’s proceeds support working capital and corporate development, but the placement raised less than its target.
seed
Winna.com raises $15m in seed funding for crypto gaming expansion
The raise gives Winna.com capital for planned product expansion in crypto casino and betting markets.
ICRG receives $500,000 in donations for gambling research
The donations fund the ICRG’s research into gambling addiction.
short-term financing
NorthStar secures $3m short-term financing from Playtech
The financing provides NorthStar with funds for growth and general corporate purposes while adding repayment and interest obligations.
NFL Foundation commits $6.4m to gambling-harm prevention over three years
The funding supports the National Problem Gambling Helpline, community grants and public awareness initiatives.