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Category Archives: Tech
SpaceX reportedly planning 2026 IPO with $1.5T valuation target
The company is looking to raise $30 billion, which would make it the biggest IPO ever, just ahead of Saudi Aramco’s in 2019.
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Tagged TechCrunch
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B Capital founding partner Kabir Narang leaves to launch new investment platform
Kabir Narang is laying the groundwork for a new investment platform slated for 2026.
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Tagged TechCrunch
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Five arrested in Calgary for alleged casino fraud following staff investigation
Over in Calgary, in Canada, two men and three women have been arrested as they are alleged to have been working together to defraud a casino located in the city’s southeast. The news comes from the Calgary Police Service, who … Continue reading
Punter who sued Betfair after almost $2 million gambling loss loses appeal
Lee Gibson, a multimillionaire “problem gambler,” has lost his appeal in the Court of Appeal, after suing Betfair over losing close-to £1.5 million ($2 million) on gambling. Gibson claimed that the betting platform had a duty to protect him from … Continue reading
Bally’s secures increase in loan, taking it to $1.1 billion for NYC casino
A deal has been agreed to increase Bally’s Corp term loan to $1.1 billion, with the initial term loan becoming $600 million and the delayed draw term loan now being $500 million. This amendment to the loan, which was entered … Continue reading
BGC warns budget plans will mean thousands of job losses and illegal gambling set to double
“This budget means thousands of job losses,” the Betting and Gaming Council (BGC) warns as they say they’re ready to work with the UK government following the Autumn Budget announcement. The Budget confirmed an increase to gambling tax as it … Continue reading
Singapore Police apprehend 36 people as part of illegal gambling raids
Police in Singapore have arrested 36 individuals as part of coordinated raids on suspected illegal gambling premises. The group consisted of individuals aged 16 to 69 years old, as police in the region investigated crimes surrounding banking fraud and illegal … Continue reading
Oracle’s AI-fueled debt load has investors on edge ahead of quarterly earnings
Oracle’s fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company’s buildout plans.
Teachers’ union AFT slams crypto market bill, warns of ‘profound risks’ for America’s retirement plans
American Federation of Teachers is urging senators to reconsider its crypto market structure bill which the union says will put Americans’ retirement at risk.
Why Cursor’s CEO believes OpenAI, Anthropic competition won’t crush his startup
After reaching $1 billion in annualized revenue, Anysphere CEO Michael Truell explained the features his company is focused on building out.
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