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Business
July 18, 2024
SharpLink NASDAQ Listing Threatened by Compliance Strikeout
In an update provided by SharpLink, a leading sports betting affiliate company, the firm informed that it has received a noncompliance notice from NASDAQ, citing an issue with Listing Rule 5550(a)(2) which demands companies to maintain a minimum bid price of $1 per share. SharpLink Braces for Recovery of NASDAQ Compliance SharpLink’s trading price stood […]
Business
July 17, 2024
CIRSA Takes Lead in Peru After Acquiring 70% Stake in Apuesta Total
The Blackstone-owned group that aims to be a “global leader in the leisure and entertainment sector through a commitment to society, excellence, profitability, and efficiency,” CIRSA, has announced it acquired a 70% stake in Peru’s most successful sportsbook, Apuesta Total. As a result of the acquisition, CIRSA has become the majority shareholder of the entertainment […]
Business
July 16, 2024
Accel Entertainment to Acquire Fairmount Holdings in a $35M Deal
Accel Entertainment, a leading distributed gaming operator in the US, announced that it has entered into an agreement to acquire Fairmount Holdings, the owner of FanDuel Sportsbook & Horse Racing. The deal will see Accel Entertainment pay $35 million for the acquisition, payable to the sellers as 3.45 million shares of Accel Class A-1 common […]
Business
July 16, 2024
SkyCity’s New CEO Steps into the Office, New CFO Named
SkyCity Entertainment Group announced on July 15 that its newly designated chief executive officer has stepped into the office. Jason Walbridge, who was selected as the next CEO in April, succeeded Julian Cook, who transferred to a directorial role. In the meantime, Callum Mallett stepped down from the role of interim chief executive officer. Mallet […]
Business
July 16, 2024
Relativity Acquisition Confirms Plans to Merge with Mazaii in $500M Deal
Blank check company sponsored by the Delaware limited liability company, Relativity Acquisition Sponsor LLC, Relativity Acquisition Corp., has announced its intention to acquire the Montreal-based innovator within the online gambling industry, Mazaii Corp Ltd. Recently, Relativity Acquisition confirmed it has entered a letter of intent for the acquisition of the iGaming developer. Under the terms […]
Business
July 15, 2024
The Star Makes C-Suite Appointments, Reports Systems Disruption
Australian casino and hospitality leader The Star Entertainment Group announced new appointments to its C-suite. In an ASX update, the gambling company announced that it has appointed an interim group chief financial officer, as well as a new chief executive officer of it’s the Star Sydney property. As per the announcement, Neale O’Connell will now […]
Business
July 15, 2024
Rush Street Interactive Sale May Be Imminent, Suggests Report
Earlier this year, rumors emerged about the potential sale of Rush Street Interactive (RSI), the leading betting and gaming operator with a presence across the United States and owner of the popular brand BetRivers. Although the rumors emerged in March, details are scarce with only DraftKings being named as a potential buyer of RSI. Despite […]
Business
July 12, 2024
ComplianceOne Reportedly Enters Insolvency Due to Financial Difficulties
ComplianceOne Group, a provider of compliance solutions to gambling operators, is entering insolvency, according to NEXT.io. The company’s chief executive attributed the development to the fact that his company had failed to secure enough contracts. CEO Antonio Zanghi told NEXT.io that his team will no longer be able to meet its financial obligations due to […]
Business
July 12, 2024
SaharaBets to Exit Arizona Following the Coyotes’ End
Sports betting operator SaharaBets announced its exit from the Arizona sports betting market, citing its licensing partner’s disbandment as the reason. The operator, which was partnering with the Arizona Coyotes, was left with no choice but to withdraw from the market once the franchise went defunct in The Grand Canyon State. For context, the Coyotes […]
Business
July 12, 2024
JP Morgan Analyst Sees Bright Investment Future for MGM Resorts
MGM Resorts International is drawing attention with its investment potential, a report by JP Morgan analyst Joseph Greff said. In a note to investors, Greff stressed the good risk/reward profile of MGM’s stock and confirmed his Overweight rating while setting a price target of $57 per share. MGM Resorts’ Strong Cash Flow and Strategic Moves […]
