M&A / Business

BreakingM&A / Business

Kalshi valuation surges to $40 billion after latest $1 billion funding round

Prediction market operator Kalshi has attained a $40 billion valuation after securing $1 billion in a new funding round co-led by Sequoia Capital and Wellington Management. The investment raises the company's total capital raised to approximately $3.6 billion as it expands into traditional financial trading. The milestone comes as the platform continues to navigate legal disputes regarding its sports-related contracts.

Yogonet•Oct 30, 2026

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M&A / Business

MGM Resorts amends voting agreement after People Inc. withdraws takeover proposal

MGM Resorts has amended its voting agreement with People Inc. following the withdrawal of the latter's takeover proposal. The revised terms cap People Inc.'s share acquisitions at 29.9% and mandate that the entity vote in alignment with MGM's board. The update comes amid reported revenue downturns across MGM's Las Vegas Strip and regional casino properties.

G3 Newswire•Oct 30, 2026

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M&A / Business

Kalshi hits its $40bn mark amidst even more state litigation

Prediction market platform Kalshi has achieved its target valuation of $40bn. The company reached the valuation milestone despite operating under a fractured regulatory framework and encountering ongoing litigation across multiple states.

SBC News•Oct 30, 2026

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M&A / Business

Nevada gaming win flat at $1.28 billion in September, visitation slightly up

Nevada casinos generated $1.282 billion in gaming win in September, remaining essentially flat with a 0.05% year-over-year decline. Modest revenue growth on the Las Vegas Strip was offset by drops in downtown Las Vegas, Laughlin, and other regional markets. The result marks the state's 67th consecutive month exceeding the $1 billion monthly gaming win threshold.

Yogonet•Oct 29, 2026

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M&A / Business

PAGCOR revenues fall 23.41 per cent to Php64.41B in first nine months of 2026

The Philippine Amusement and Gaming Corporation (PAGCOR) reported revenues of Php64.41 billion for the first nine months of 2026, marking a 23.41% decrease year-on-year from Php84.09 billion. The decline was largely driven by a contraction in the licensed casino vertical, the agency's second-largest revenue generator behind Electronic Gaming.

G3 Newswire•Oct 29, 2026

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M&A / Business

Churchill Downs reports record Q3 revenue, EBITDA and net income

Churchill Downs Incorporated achieved record financial results for the third quarter, generating $696 million in revenue, a 2% increase year-over-year. The operator also reported record adjusted EBITDA of $264 million and an all-time high net income of $80 million, up $42 million from the previous year. Additionally, the company confirmed plans to relocate its historical racing machine operations.

Yogonet•Oct 29, 2026

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M&A / Business

MGM Digital to “continue on path to profitability” despite Brazilian challenges

MGM Resorts International leadership confirmed that MGM Digital remains on a path to profitability despite facing ongoing operational challenges in Brazil. The company reported overall quarterly revenue of $4.2 billion and consolidated adjusted EBITDA of $403 million, successfully narrowing its net loss to $17 million.

SBC News•Oct 29, 2026

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BreakingM&A / Business

MGM ends takeover talks with largest shareholder People Inc. after $18B bid withdrawal

MGM Resorts International has terminated acquisition talks with its largest shareholder, People Inc., following the withdrawal of an $18 billion buyout proposal. CEO Bill Hornbuckle confirmed during the operator's third-quarter earnings call that discussions ended after People Inc. failed to assemble the necessary financing syndicate, despite reaching an agreement on price.

Yogonet•Oct 29, 2026

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M&A / Business

MGM Resorts reports 1% revenue decline in Q3 as Las Vegas Strip results weaken

MGM Resorts International reported a 1% year-on-year decline in consolidated revenue to $4.2 billion for the third quarter of 2026, as weaker results on the Las Vegas Strip offset growth across other segments. The company's net loss narrowed to $17 million from $285 million in the prior-year period, while adjusted EBITDA decreased from $506 million to $403 million.

Yogonet•Oct 29, 2026

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M&A / Business

Entain expects $33M annual cost from UK machine games duty hike, maintains 2026 guidance

Entain expects to incur an additional £25 million ($33.25 million) in annual costs resulting from the UK government's decision to raise Machine Games Duty from 20% to 25% on higher-stakes machines. Despite the anticipated financial headwind, the Ladbrokes and Coral operator has maintained its fiscal 2026 guidance and its 2028 cash flow targets.

Yogonet•Oct 29, 2026

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M&A / Business

BetMakers opens FY27 with EBITDA up 176%

BetMakers reported a 176.1% year-on-year increase in EBITDA to AU$5.9m (£3.1m) for Q1 FY27, alongside a 16.3% rise in revenue to AU$24.7m. The strong operational performance comes as the Australian betting technology provider prepares for an acquisition by Tabcorp.

SBC News•Oct 29, 2026

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M&A / Business

Veikkaus and Viaplay partner for first overseas B2C venture

Finnish operator Veikkaus has partnered with streaming platform Viaplay to launch Viabet across Finland and Denmark. The commercial deal marks Veikkaus's first direct-to-consumer venture in international markets.

iGaming Business•Oct 29, 2026

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M&A / Business

Revenue and Adjusted EBITDA set third-quarter records for MGM China

MGM China set new third-quarter records for both revenue and Adjusted EBITDA, with revenue increasing 5% year-on-year to approximately HK$8.9bn. The operator also expanded its overall Macau gaming market share to a record 17.1%, driven by MGM Cotai's 10.5% share.

G3 Newswire•Oct 29, 2026

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M&A / Business

Station Casinos and North Fork Rancheria of Mono Indians to open casino ahead of schedule

The North Fork Mono Casino has officially opened ahead of schedule in California's Central Valley. The new gaming resort is managed by Red Rock Resorts subsidiary Station Casinos in partnership with the North Fork Rancheria of Mono Indians.

G3 Newswire•Oct 29, 2026

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M&A / Business

Veikkaus targets Denmark launch via new Viabet brand in July 2027

Finnish state-owned operator Veikkaus plans to launch its new gambling brand, Viabet, in Denmark and Finland on 1 July 2027, marking its initial entry into international iGaming markets. The expansion will be supported through a commercial partnership with Viaplay's OTT platform, leveraging the broadcaster's sports content and market expertise.

SBC News•Oct 29, 2026

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M&A / Business

MGM, Osaka gamble on Japan’s first integrated resort

MGM Resorts is moving forward with plans to develop Japan's inaugural integrated resort in Osaka. MGM Japan's Ed Bowers emphasized that while pioneering casino gambling in the country poses substantial risks, it also presents significant long-term commercial upside.

iGaming Business•Oct 29, 2026

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M&A / Business

MGM confirms all People Inc talks are dead as operator pares losses in Q3

MGM Resorts has confirmed that all strategic discussions with People Inc have been terminated, solidifying its trajectory as an independent operator. The announcement coincided with third-quarter results showing reduced losses, even as macroeconomic pressures continue to impact its Las Vegas performance.

iGaming Business•Oct 29, 2026

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M&A / Business

Alberta iGaming market generates $122.1 million in revenue

Alberta's newly regulated iGaming market generated CA$122.1 million in total revenue between its launch on 13 July and the end of September. Growth accelerated over the third quarter, with September delivering a monthly high of CA$56.6 million, an increase of 31% from August.

CasinoCity Times•Oct 28, 2026

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M&A / Business

Churchill Downs Incorporated Reports 2026 Third Quarter Results

Churchill Downs Incorporated has released its financial results for the third quarter ended September 30, 2026.

Churchill Downs•Oct 28, 2026

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M&A / Business

Kalshi, S&P DJI strike prediction market deal

Prediction market platform Kalshi has reached an agreement with S&P Dow Jones Indices to serve as the preferred venue for event contracts linked to S&P DJI benchmarks. As part of the collaboration, S&P DJI will also leverage Kalshi's market data to help develop new financial indices.

CasinoCity Times•Oct 28, 2026

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M&A / Business

Investors bullish on UK gambling stocks despite Healey Budget’s tax blow

Major UK-listed gambling operators, including Entain, evoke, and Rank Group, experienced a significant jump in share prices following the Autumn Budget. The stock surge reflects bullish investor sentiment despite the government confirming a tax hike for the sector. The market rebound follows a challenging 12-month period of downward pressure on UK gambling equities.

SBC News•Oct 28, 2026

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M&A / Business

North Fork Mono Casino officially opens in Madera, California

The North Fork Mono Casino has officially opened in Madera, California, featuring more than 2,400 slot machines and 40 table games. The property is managed by Station Casinos LLC, a subsidiary of Red Rock Resorts, in partnership with the North Fork Rancheria of Mono Indians. Amenities include a dedicated High Limit Room equipped with 138 slot machines, 10 table games, and a private bar.

Yogonet•Oct 28, 2026

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M&A / Business

Caesars reports $123 million Q3 loss as Las Vegas weakness offsets regional and digital gains

Caesars Entertainment reported a third-quarter net loss of $123 million, widening from a $55 million loss during the same period last year. The decline was driven by weakness in the operator's Las Vegas operations, which countered revenue growth across its regional and digital segments. The financial results come ahead of Caesars' scheduled $17.6 billion acquisition by Fertitta Entertainment.

Yogonet•Oct 28, 2026

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M&A / Business

Caesars Q3: Las Vegas earnings slide while regional and digital units keep growing

Caesars Entertainment reported revenue growth for the third quarter, though its net loss widened alongside sliding earnings across its Las Vegas segment. In contrast, the operator's regional properties and digital divisions continued to expand during the period.

Casino Beats•Oct 28, 2026

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M&A / Business

Regionals, digital buoy Caesars again in Q3 as Las Vegas slump continues

Caesars Entertainment reported third-quarter performance driven by continued growth in its regional casino footprint and digital operations. These revenue streams helped mitigate ongoing softening and lower volumes across its core Las Vegas properties.

iGaming Business•Oct 27, 2026

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