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Gen Z and millennials are now leading the surge in US gambling. In the second quarter of 2025, Gen Z accounted for 34 percent while millennials contributed to 42 percent of betting activity in the quarter, according to TransUnion’s US Betting Report. These younger demographics are engaging most actively in online sports betting, online casinos, and other digital-first wagering formats, making them the key contributors to overall growth.
The report indicates that 30 percent of US consumers engaged in betting during Q2 2025, up from 25 percent in the same quarter a year earlier. This rise is largely driven by the younger cohorts, who are accelerating adoption of gambling in the digital era. Many of these bettors…
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Carlsquare has acted as exclusive debt advisor to Levine Leichtman Capital Partners (“LLCP”), a global middle-market private equity firm, on the acquisition financing of ENTRO Service GmbH (“ENTRO”), a leading group of tech-nical service providers specializing in the maintenance, servicing, and repair of access control, security, and fire safe-ty systems. The new partnership between LLCP and ENTRO will support ENTRO’s ambitious growth plans beyond the DACH region to create a European leader, while strengthening LLCP’s footprint in the…
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In a win for JSW Steel Ltd, the Supreme Court has approved the company’s ₹19,700 crore plan to take over bankrupt Bhushan Power and Steel Ltd, marking the end of one of India’s longest-running insolvency battles.
The court rejected a challenge from dissenting creditors, saying the decisions of the committee of creditors (CoC) must be respected under the Insolvency and Bankruptcy Code (IBC).
A special bench led by Justice B.R. Gavai, along with Justices Satish Chandra Sharma and K. Vinod Chandran, noted that JSW Steel has made BPSL profitable and upheld earlier approvals by the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT).
The bench had reserved its order on 11 August after rehearing the…
Salvation Army says the type of client coming forward has changed over the last two years
A charity that provides support to those struggling with debt says there’s been a worrying increase in the number of business owners relying on credit to keep their companies afloat.
The Isle of Man Salvation Army’s debt advice service, which celebrates its fifth anniversary this weekend, says there’s been a change in the type of client which needs its help over the last two years.
The Supreme Court on Friday upheld JSW Steel Ltd.’s resolution plan for Bhushan Power & Steel Ltd. A bench comprising Chief Justice of India BR Gavai, Justices SC Sharma and K Vinod Chandran junked a previous order by a two-judge bench reversing JSW’s acquisition of the bankrupt firm for Rs 19,700 crore.
The apex court also rejected the objections raised by the ex-promoters and certain creditors of BPSL. “Permitting the erstwhile promoters or the CoC to raise an argument in that regard at such a belated stage would amount to doing violence to the very intention with which the IBC was enacted,” the order said.
JSW Steel in June filed a review petition in the Supreme Court regarding its earlier judgment. In May, the apex court ruled that…
The Supreme Court on Friday overturned its May 2 order directing liquidation of Bhushan Power and Steel Ltd (BPSL) and instead upheld JSW Steel Ltd’s Rs 19,700-crore resolution plan for the debt-ridden company. With this verdict, SC rejected challenges raised by BPSL’s former promoters and certain creditors.The apex court observed that delays in implementation were not attributable to either JSW or the lenders’ Committee of Creditors (CoC), observing that both had been trying to enforce the plan despite hurdles.
A bench led by Chief Justice B. R. Gavai said the commercial wisdom of the CoC could not be interfered with and cautioned that once a resolution plan is approved, reopening claims would amount to “committing violence” on…
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In a recent case, while admitting the application filed by Canara Bank, the Cuttack bench of the National Company Law Tribunal (NCLT) has held that institution of criminal proceedings against the concerned official of the Financial Creditor cannot be a ground to reject the application under Section 7 of IBC, 2016, unlike in a Section 9 application, a pre-existing dispute cannot be a bar for admission of an application under Section 7 of the IBC, 2016.
The present application was filed by Canara Bank (‘Petitioner/ Financial Creditor’) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for…
