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Tag: $1bn

The Last Domino in Crypto

CZ is gone and with him the last remnants of crypto’s gluttonous age. Now we can finally build again.I’m not going to pretend I...

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Macau Casinos Recovering Ahead of Schedule After Posting Highest Monthly Revenue in Three Years

Beating expectations Macau’s casinos are recovering faster than expected, according to recent analyst reports. The region’s January gross gaming revenue (GGR) was the highest single-month...

Nevada Casinos Generated Record Profits of $4bn in the 2022 Fiscal Year

Breathtaking numbers The 296 casinos in Nevada that had gaming revenue of at least $1m managed to generate total net income of $4.1bn in the...

Venom Foundation Announces Landmark $1 Billion Web3 Fund

Layer-1 blockchain Venom Foundation has joined forces with investment manager Iceberg Capital, with the pair announcing a $1 billion venture fund to support promising...

Betting Media Firm Betsperts Acquires Bleacher Nation in Cash Plus Equity Deal

Chicagoan agreement Sports betting social media network the Betsperts Group has snapped up fellow Chicago-based firm Bleacher Nation in a cash plus equity transaction. a database...

Web3 Startup Momentum Set to Carry into 2023

Gaming, Metaverse, and Social Networks were the Web3 categories that attracted the most investment in 2022, accounting for $2.3 billion, $2.2 billion and $1.9...

ChatGPT developer OpenAI in talks to raise capital at almost $30bn valuation

OpenAI, the developer behind artificial intelligence bot ChatGPT, is in discussions to raise capital at a valuation of almost $30bn, according to two people...

NFL/streaming: YouTube wants to be the only thing you watch

Streaming companies cannot stop spending their money on live sports. Amazon paid $1bn to be the exclusive provider of “Thursday Night Football”. Apple signed...

Finextra’s year in review

With 2022 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over...

DraftKings Shares Hardest Hit as US Gaming Sector Stock Declines in 2022

Revenue up, share price down Despite rising costs of living and fears of a recession, this year has proven another record period in the US...

Meta and Alphabet lose dominance over US digital ads market

Meta and Alphabet have lost their dominance over the digital advertising market they have ruled for years, as the duopoly is hit by fast-growing...

Hard Rock Completes $1bn Mirage Casino Purchase

A historic moment MGM Resorts International has confirmed that the $1bn sale of the Mirage to Hard Rock International is complete. As a result, the...

Musk seeks to sell Twitter shares in search of new funds

The head of Elon Musk’s family office has approached investors who helped the billionaire buy Twitter for $44bn in October to try and raise...

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