Connect with us

Powered

728x90 banner available here

Latest News

Globex Appoints New Chief Strategy Officer

Published

on

Globex Appoints New Chief Strategy OfficerReading Time: 2 minutes

 

GlobexUS Holdings Corp., parent of Horizon Globex US, LLC, is pleased to announce the appointment of tech industry veteran Mitch Edwards as its Chief Strategy Officer.  Globex is a leading blockchain-based securities technology, compliance and trading company that has developed proprietary blockchain software for use in U.S. and international capital markets.  Its innovative products automate the issuance of smart securities (aka “security tokens”), compliance with complex regulatory and custody requirements, and trading and liquidity on a blockchain securities exchange.

As the tokenization of assets increases in frequency and amount on a global scale, Globex is positioned to become the leading suite of software with appropriate regulatory licenses for compliant issuance, custody and trading of smart securities.  The Company’s product suite includes:

·         Tokenetics, a Software-as-a-Service Ethereum ERC-20 digital securities offering “DSO” platform for U.S. and international businesses, fully integrated with KYCware;

·         KYCware, a compliance-focused investor on-boarding KYC and AML app for digital securities offerings, custody and secondary trading, fully integrated with CustodyWare;

·         CustodyWare, a U.S. registered Transfer Agent ERC-20 securities custody technology aligned with SEC Regulation D 506(c) holds, affiliate trading as well as a complete dividend/profit-share paying-agent facility.

Mitch will be responsible for supporting and implementing Globex’s overall global growth strategy and will lead various phases of the business including general corporate and business development, blockchain securities compliance, and expansion of the secondary market for digital securities.

“Mitch has extensive experience in both capital markets and building blockchain businesses, with experience across the blockchain digital securities value chain,” said Brian Collins, Globex CEO. “His experience covers investments in blockchain technologies and exchanges from early stage through project development and operations, to sales and marketing and end users, which will be a hugely important asset to our Company as we continue to pursue our strategic priorities.”

Before joining Globex, Mitch held executive positions at several prominent late-stage private and public blockchain and internet companies.  He is currently CFO of Chia Network, Inc., which is developing a novel blockchain-based digital currency that is eco-friendly and “green,” and he was recently CFO of Core Scientific Inc., a leading blockchain infrastructure company.  Prior to Core, he was acting CEO of Overstock.com and made significant investments in blockchain technologies and exchanges.  At Overstock, he oversaw the registered offering of Overstock’s preferred blockchain securities, as well as development of the tZERO digital securities exchange.  Previously, Mitch was CFO & General Counsel for Razer Inc. and Skullcandy Inc., responsible for their IPO’s, and was also CFO & General Counsel for BitTorrent, Inc., a dominant distributed computing internet software company with a global presence.

Prior to his service as CEO & CFO of hi-tech and internet companies, Mitch was a partner at Brobeck, Phleger & Harrison in Los Angeles and San Francisco, where he specialized in IPOs, venture capital, M&A and international business transactions.  He started his career at Shearman & Sterling in New York and San Francisco.  Mitch holds a J.D. from Stanford Law School and received a B.A./M.A. in Jurisprudence and International Business Law from Oxford University, where he was a Marshall Scholar.  Mitch also holds a B.A. in economics from Brigham Young University, where he was Valedictorian.  He has also worked at the White House, and in the United States Supreme Court.

About Horizon Globex US, LLC:

Globex is a blockchain software business specialized in the Regulation D and Regulation S compliant tokenization of assets. Globex offers a complete securities primary issuance solution using Tokenetics.com, investor KYC/AML using KYCware.com, U.S. transfer agent custody using CustodyWare.com and compliant secondary trading on ERC-20 blockchain exchanges.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Globex Appoints New Chief Strategy Officer

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Brightstar Lottery Reports Second Quarter 2025 Results

Published

on

Reading Time: 5 minutes

Brightstar Lottery PLC has reported the financial results for the second quarter ended June 30, 2025.

“We achieved several important milestones over the last few months. We secured the Italy Lotto license through November 2034, closed the sale of our Gaming & Digital business for $4 billion in cash, and announced plans to return significant capital to shareholders. With a singular focus on lottery and unmatched industry expertise, we are well positioned to create value for all stakeholders with our mission to elevate lotteries and inspire players around the world,” said Vince Sadusky, CEO of Brightstar.

“Our second quarter results reflect sustained global demand for instant ticket and draw games. We are investing in key initiatives to drive sustainable, long-term growth, while also delivering structural cost reductions to right-size the business. The Company’s attractive profit profile and strong, predictable cash flows support our balanced approach to capital allocation,” said Max Chiara, CFO of Brightstar.

Key Highlights

• Successful completion of Gaming & Digital sale for approximately $4.0 billion of net cash proceeds on July 1, 2025.

• Secured several meaningful contract wins and extensions including a nine-year Lotto operator license in Italy, an eight-year contract in Missouri which includes a fully-integrated OMNIA retail and digital solution, and several multi-year instant ticket printing contract extensions.

• Expanding OPtiMa 3.0 cost reduction programme to $50 million to right-size the business following the Gaming & Digital sale.

Second Quarter 2025 Financial Highlights

Second quarter revenue was $631 million, up 3% or stable at constant currency.

• Instant ticket & draw same-store sales increased across geographies with Italy increasing 3.7%, U.S. higher by 0.6%, and Rest of World climbing 8.4%.

• Product sales rose 59% on higher instant ticket printing and terminal sales.

• Foreign currency translation had a positive impact on growth.

• Growth from the drivers above was partially offset by elevated U.S. multi-state jackpot activity and associated LMA incentives in the prior year.

Loss from continuing operations was $60 million compared to income from continuing operations of $84 million in the prior year period.

• Incurred a foreign exchange loss versus a foreign exchange gain in the prior year, primarily reflecting the non-cash impact of fluctuations in the EUR/USD exchange rate on debt.

• Operating income was lower, driven by the high profit flow-through from elevated U.S. multi-state jackpot sales and associated LMA incentives in the prior year and restructuring charges related to the expanded OPtiMa 3.0 cost reduction programme in the current year.

• Increased provision for income taxes.

• Dynamics noted above were partially offset by reduced interest expense.

Adjusted EBITDA was $274 million compared to $290 million in the prior-year period, demonstrating resiliency despite incremental investments in the business and multi-state jackpot and LMA dynamics.

• Prior year results include the high profit flow-through from elevated U.S. multi-state jackpot sales and associated LMA incentives.

• Selling, general, and administrative costs were modestly higher as ongoing investments in the business were partially offset by OPtiMa cost savings.

• The Q2’25 period benefited from positive foreign currency translation.

Diluted loss per share from continuing operations was $0.47 compared to diluted earnings per share from continuing operations of $0.21 in the prior year. Adjusted diluted earnings per share from continuing operations was $0.12 compared to $0.20 in the prior year, primarily driven by lower operating income.

YTD 2025 Financial Highlights

Year-to-date revenue of $1.2 billion compares to $1.3 billion in the prior-year period.

• The decline was due to higher U.S. multi-state jackpot activity and associated LMA incentives in the prior year.

• Global instant ticket & draw same-store sales rose 1.2%.

Loss from continuing operations was $52 million compared to income from continuing operations of $200 million in the prior year period.

• Lower operating income, primarily due to the items affecting Adjusted EBITDA as noted below.

• Foreign exchange loss versus foreign exchange gain in the prior year, primarily reflecting the non-cash impact of fluctuations in the EUR/USD exchange rate on debt.

Adjusted EBITDA of $524 million compares to $617 million in the prior-year, primarily driven by high profit flow-through from elevated U.S. multi-state jackpot sales and associated LMA incentives in the prior year, partially offset by positive foreign currency translation.

Diluted loss per share from continuing operations was $0.59 compared to diluted earnings per share from continuing operations of $0.56 in the prior year. Adjusted diluted earnings per share from continuing operations of $0.20 compares to $0.47 in the prior year primarily driven by lower operating income, partially offset by reductions in net interest and income tax expense.

Net debt was $5.2 billion compared to $4.8 billion at December 31, 2024. The increase was primarily driven by an approximate $340 million impact from fluctuations in the EUR/USD exchange rate. Net debt leverage was 3.0x pro forma for $2 billion debt reduction completed in July.

Cash and Liquidity Update

Total liquidity was $2.9 billion as of June 30, 2025 with $1.3 billion in unrestricted cash and $1.6 billion in additional borrowing capacity from undrawn credit facilities.

Other Developments

The Company plans to launch a $250 million accelerated share repurchase programme (ASR) by entering into an accelerated share repurchase agreement with a counterparty bank. The Company plans to execute the ASR as part of its $500 million share repurchase authorization outlined below and in accordance with the share repurchase authorisation provided by the Company’s shareholders at the Company’s 2025 Annual General Meeting. The Company has been informed by De Agostini S.p.A., that it does not intend to participate in the ASR.

The Company’s Board of Directors declared a quarterly cash dividend of $0.20 per common share with a record date of August 12, 2025 and a payment date of August 26, 2025.

Completed the sale of the Gaming & Digital business on July 1, 2025. The Company received approximately $4.0 billion of net cash proceeds that are expected to be allocated in the following manner:

$2.0 billion used to reduce debt (completed in July 2025).

• Redeemed in whole the 4.125% Senior Secured U.S. Dollar Notes due April 2026 and the 3.500% Senior Secured Euro Notes due June 2026.

• Prepaid €300 million of the Term Loan Facilities due January 2027.

• The remaining amount was allocated to prepay the Revolving Credit Facilities due July 2027.

$1.1 billion to be returned to shareholders.

• The Company’s Board of Directors declared a special cash dividend to common shareholders in the amount of $3.00 per share. The record date of the distribution was July 14, 2025, and it is payable July 29, 2025.

• In addition, the Board authorized a $500 million, two-year share repurchase programme. The new authorisation replaces the Company’s existing share repurchase programme.

$500 million to partially fund upcoming Italy Lotto license payments.

$400 million to be used for general corporate purposes.

The U.S. federal income tax consequences of distributions by the Company will depend, in part, on whether the Company has current or accumulated earnings and profits (“E&P”), as determined under U.S. federal income tax principles. Based on preliminary estimates, the Company does not expect to have current E&P for fiscal year 2025 or accumulated E&P from prior fiscal years that would offset the current year expected E&P deficit. Accordingly, the Company anticipates that the special dividend, the Q1 dividend paid on June 12, and any future dividends paid in the current fiscal year will be treated for U.S. income tax purposes as a non-taxable return of capital to the extent of a shareholder’s basis in its shares, and thereafter as capital gain, although no assurances can be provided because the determination of E&P is a full-year calculation which depends upon facts that are not known as of the date hereof.

FY’25 Outlook: Adjusted EBITDA Reaffirmed, Cash Flow Improved

• Revenue of approximately $2.50 billion; adjusting revenue down $50 million compared to the previous outlook to reflect a timing shift in product sales and increased amortization related to Italy Lotto upfront license fee (which is treated as contra-revenue).

• Adjusted EBITDA of approximately $1.10 billion, in line with the previous outlook as incremental benefit from foreign currency translation is offset by higher-than-expected U.S. multi-state jackpot and LMA impacts.

• Net cash used in operating activities of approximately $275 million reflects a $75 million improvement versus the previous outlook driven by interest, income taxes, and other working capital items.

• Capital expenditures of approximately $375 million, a $75 million improvement from the previous outlook to reflect timing shifts related to recent contract extensions.

• Increasing FY’25 EUR/USD assumption to 1.12.

The post Brightstar Lottery Reports Second Quarter 2025 Results appeared first on European Gaming Industry News.

Continue Reading

Latest News

Meet Dodo: The New Home for Crash Gaming Fans

Published

on

Reading Time: < 1 minute

Dodo, the newest player in the iGaming space, officially launches as a dedicated network built entirely around the fast-rising crash and instant games. Created to meet rising player demand, it offers top game reviews, trusted casino listings, and free demo play—all in one place.

Dodo answers a clear market need: a centralized destination designed specifically for crash gaming enthusiasts. Dodo network spans 8 specialized verticals: CrashDodo, WheelDodo, CoinflipDodo, DiceDodo, HiloDodo, LimboDodo, MinesDodo, and PlinkoDodo—each dedicated to a specific instant game format.

“We created Dodo because it was time for a site that treats crash games as a category of their own — not a subgenre or a passing trend. With the format’s rise in popularity, players need a dedicated space where they can explore, compare, and play,” said Ethan Thompson, content lead at Dodo.

Dodo also reflects a wider trend—the growing intersection of crash mechanics and crypto gambling. As localisation and hybrid formats expand, Dodo steps in as a natural platform for discovery, guidance and connection between players and operators.

Dodo’s Key Features:

• Curated crash and instant game selections with a free play option

• Game reviews, expert tips, and easy-to-follow player guides

• Trusted casino listings tailored for crash games fans

• Designed with crypto players in mind, offers crypto-related insights.

The post Meet Dodo: The New Home for Crash Gaming Fans appeared first on European Gaming Industry News.

Continue Reading

Latest News

TG.Casino (TGC) Goes Live on XT.COM

Published

on

Reading Time: < 1 minute

XT.COM, a globally trusted cryptocurrency exchange, announced the official listing of TG.Casino (TGC), the utility token powering a next-generation, Telegram-native crypto casino. TGC combines instant gameplay, real yield and Web3 incentives to offer a seamless and rewarding user experience.

The TGC/USDT trading pair is now live in XT.COM’s Main Zone, opening the door for global users to join a rapidly growing GambleFi ecosystem that is changing how crypto holders play, stake and earn.

Telegram Meets GambleFi: The TG.Casino Vision

TG.Casino is the first licensed crypto casino fully integrated within Telegram. Users can wager, withdraw and interact instantly, with no KYC required in most regions. With more than 10,000 casino games, sports markets and exclusive Web3 features, the platform delivers on-chain gambling with real utility.

TGC is the core of this ecosystem. It powers cashback rewards, VIP programmes and staking functions. Daily platform profits support revenue sharing and token buybacks, giving long-term holders a way to benefit directly from platform growth.

Built on Ethereum, Secured by Revenue

TGC is an ERC-20 token with a fixed supply of 100 million, with around 80% currently in circulation and the remaining 20% burned forever. Its utility is closely tied to the platform’s revenue.

Every week, a percentage of the casinos profits are shared back to the community, 60% of that is shared with staked token holders and the remaining 40% are used to buy back TGC from the market and then permanently burned forever.

The smart contract is publicly verifiable and has been audited by Coinsult. TG.Casino operates under a licensed framework, holding 3 casino gaming licenses to ensure compliance and security.

The post TG.Casino (TGC) Goes Live on XT.COM appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.