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    M&A / Business

    M&A / Business

    The Board of Directors of Evolution AB (publ) has resolved on the continuance of the previously announced EUR 2 billion Share Buyback Program

    The Board of Directors of Evolution AB has approved the continuation of its previously announced €2 billion share buyback program, acting on authorization from the 2026 Annual General Meeting. The company will continue repurchasing its own shares to reduce share capital and optimize its capital structure. The ongoing buyback initiative is designed to create added value for shareholders.

    Evolution
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    M&A / Business

    DraftKings cuts 2026 earnings forecast by up to $625 million as quarterly losses nearly double

    DraftKings cuts 2026 earnings forecast by up to $625 million as quarterly losses nearly double

    DraftKings has lowered its full-year 2026 adjusted EBITDA guidance by up to $625 million to a range of $175 million to $275 million, down from its prior forecast of $700 million to $900 million. The revision comes as investments into its prediction markets business weigh on profitability, causing quarterly losses to nearly double despite a 16% increase in third-quarter revenue. The operator has also trimmed its full-year revenue projection to $6.35 billion.

    Yogonet
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    M&A / Business

    Wynn Resorts reports lower Q3 revenue, net income as results decline across all four operating segments

    Wynn Resorts reports lower Q3 revenue, net income as results decline across all four operating segments

    Wynn Resorts reported lower revenue and net income for the third quarter, generating $1.69 billion in operating revenue amid performance declines across Las Vegas, Macau, and Boston. Alongside the contraction across all four operating segments, the company established a framework for a labor agreement at Encore Boston Harbor and confirmed its development focus remains on its UAE resort project.

    Yogonet
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    M&A / Business

    Wynn Q3 profit slides to $17.3m as Las Vegas hold and Macau weigh, UAE spending continues

    Wynn Resorts reported a third-quarter profit decline to $17.3m, driven by unfavorable table hold in Las Vegas and softer performance in Macau. The performance reflects a broader Las Vegas market slowdown recently noted by competitors MGM and Caesars. Despite the lower earnings, Wynn continues to allocate capital toward the construction of its upcoming UAE resort development.

    Casino Beats
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    M&A / Business

    Cirsa's nine-month profit jumps 35.9% ahead of Lottomatica merger vote

    Cirsa's nine-month profit jumps 35.9% ahead of Lottomatica merger vote

    Spanish gaming operator Cirsa posted a 35.9% increase in nine-month adjusted net profit to €202.1 million ($226.4 million), supported by a 10% revenue rise to €1.89 billion ($2.12 billion). Adjusted EBITDA grew 9.3% over the period, despite elevated promotional spending and unfavorable sporting margins impacting online betting operations. The performance update precedes an upcoming shareholder vote on the company's proposed merger with Lottomatica.

    Yogonet
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    M&A / Business

    Genius Sports projects over $1bn in 2026 revenue

    Genius Sports has increased its 2026 revenue forecast to surpass $1bn, alongside higher EBITDA projections, following third-quarter partnerships with major prediction market operators. The company is actively working to narrow its net loss, which reached $147.9m year-to-date in Q3. The revised outlook reflects accelerating commercial momentum heading into the medium term.

    SBC News
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    M&A / Business

    Exclusive: Play’n GO gears up for sale, sources say

    Exclusive: Play’n GO gears up for sale, sources say

    Play’n GO is preparing for a potential sale to a major regulated gaming business, with sources indicating a deal could be worth hundreds of millions of euros. The supplier recently moved to cut game supply through major aggregators over offshore leakage and shut down its Asian operations, steps industry experts view as consistent with preparations for a regulated buyer. Sources identified Aristocrat, Genting and Light & Wonder as potential acquirers, citing Play’n GO’s regulated content revenue and presence in six US states.

    iGaming News (editorial)
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    M&A / Business

    Melco Q3 revenue falls 10.4% to $1.17 billion amid Macau slowdown

    Melco Q3 revenue falls 10.4% to $1.17 billion amid Macau slowdown

    Melco Resorts & Entertainment reported a 10.4% year-on-year decline in third-quarter operating revenue to $1.17 billion, down 6.4% sequentially from Q2. The downturn was driven by softer gaming demand across Macau, which negatively impacted rolling chip, mass-market table games, and non-gaming verticals. In addition, the operator's Adjusted Property EBITDA dropped 24.4% compared to the prior-year period.

    Yogonet
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