Tag: Funding
Wisconsin: Ho-Chunk Nation secures $610M financing for Beloit casino resort near Illinois line
The Ho-Chunk Nation of Wisconsin has closed $610 million in senior secured credit facilities to finance construction of its new flagship... more
Kalshi expands to 140 countries, announces funding, $5 billion valuation
Kalshi, a prediction market based and previously only doing business in the United States, on Friday morning announced that it had expanded... more
Tule River Tribe secures $350M financing for California casino expansion
The Tule River Tribe Gaming Authority closed on $350 million in senior secured credit facilities this spring to refinance debt and fund... more
Prediction markets drive $200 million surge for Robinhood
Investment firm Piper Sandler has reported that Robinhood’s push into prediction markets is paying off, with sports betting and event... more
Australia: Star’s dispute with lenders could jeopardize Bally deal
Australia’s Star Entertainment Group has described as “unacceptable” the terms put forward by its lenders to provide requested... more
New York: High-yield muni bond deal for Resorts World Catskills is delayed
A high-yield municipal bond transaction that would fund the purchase of businesses related to a casino in upstate New York has been... more
DraftKings to ban credit card funding starting Monday
In July, the Massachusetts Gaming Commission (MGC) fined DraftKings $450,000 for allowing bettors to use funds deposited by credit cards in... more
Sweepstakes prediction market Novig seeks CFTC approval after raising $18M
Sports prediction market Novig — which currently operates a sports prediction market under a sweepstakes model — is exploring obtaining... more
Flutter prices new bonds for $1.75bn to take full control of FanDuel
Flutter Entertainment Plc has launched a fresh issue of senior secured bond notes to raise $1.75bn, as the FTSE-listed betting giant... more
Kalshi hits $2 billion valuation after latest funding round
Tarek Mansour, CEO of prediction platform Kalshi, announced in an X post that the company has closed a US$185 million funding round and is... more
