Tag: Funding
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
Global luxury resort operator Cipriani bets on private credit to power its first casino
Nearly a century after opening Harry’s Bar in Venice, Cipriani is betting big on its next chapter: turning to private credit for a $190... more
Superbet nets €1.3 billion funding backed by Blackstone to pursue Giant Status
Superbet has announced that it has reached terms to secure a €1.3bn refinancing agreement to accelerate its strategic expansion. Deal... more
Bally’s completes announced deal with Standard General
Bally’s Corporation on Friday completed a previously announced transaction with Standard General and its affiliates including the Queen... more
Wynn completes Al Marjan Island resort financing via US$2.4 billion facility
Global casino operator Wynn Resorts has completed financing for its Wynn Al Marjan Island development in the United Arab Emirates after... more
SL Green’s $740M loan on building proposed for Caesars’s Times Square casino lands in special servicing
The $743 million loan tied to SL Green’s 1515 Broadway — the site of the office landlord’s casino bid — landed in special servicing... more
FDJ issues first bonds worth €1.5bn on Paris market
La Française des Jeux (FDJ) is set to launch its first bond issue to refinance the €2bn bridging loan the group took out to proceed... more
