Business
September 12, 2022
Loeb Gives Up on Convincing Disney to Spin Off ESPN
Daniel Loeb will no longer try to convince Walt Disney to spin off ESPN. The investor recently staked $1 billion in the company and believed that spinning off ESPN would help Disney reduce its debt. Loeb Changes His Mind When Loeb proposed the spin-off, he argued that separating ESPN from its parent company would help […]
Business
September 9, 2022
ASX Sports Seeks €750,000 with a Funding Campaign
Blockchain-powered fantasy sports provider ASX Sports announced a new crowdfunding initiative. The campaign plans to raise an additional €750,000, focusing on medium and small investors who will receive equity in the company. The operator simultaneously launched its newest live fantasy sports product, allowing peer-to-peer contests during games. ASX will use the extra funds to capitalize […]
Business
September 9, 2022
PlayAGS and Inspired Entertainment Merger Falls Through the Ground
PlayAGS has announced that the merger talks with Inspired Entertainment are off. Even though reports stated that the deal was almost finalized, PlayAGS turned down Inspired’s proposed takeover and as a result, the company was the worst-performing stock last Thursday as its shares dropped by 20.76%. The Original Proposition by Inspired Was $370 Million Back […]
Business
September 9, 2022
Entain Boss Buoyant about NFL Season, Ready to Brace Regulation in the UK
Entain CEO Jette Nygaard-Andersen has discussed the upcoming re-regulation of the UK gambling market, which will take place under Prime Minister Liz Truss and her newly appointed secretary of state for the Department of Culture, Media, and Sports, Michelle Donelan. Both women are known as gambling hawks who have been keener to push for tougher […]
Business
September 8, 2022
ParlayBay Strikes Content Partnership with Hub88
ParlayBay has struck a new content integration partnership with Hub88, a platform provider. The new partnership will see ParlayBay, which is focusing on creating sports betting titles, integrate its proprietary portfolio with Hub88’s platform, benefiting both companies. ParlayBay will gain access to new operators and their audiences whereas Hub88 will be a more appealing platform […]
Business
September 8, 2022
Kambi Group Acquires Shape Games in $78M Deal
Kambi Group has acquired Shape Games, a front-end specialist, which will significantly boost the company’s capability to deliver engaging sports betting experiences. The upfront consideration of the acquisition is set at €38.5 million ($38.47 million), and the deal comes with a performance-related earnout up to €39.6 million ($39.57 million), which puts the potential total value […]
Business
September 7, 2022
Ringier Invests $57.4M in LiveScore Group
LiveScore Group, the home of several sports and sports betting companies, has inked an agreement with Ringier AG, an innovative, digitalized and diversified Swiss media and tech company. The latter agreed to provide LiveScore with an investment of $57.4 million. LiveScore Receives a Huge Investment LiveScore will use the funding to boost its various sports […]
Business
September 6, 2022
No Horse-Racing License for Coronado Partners in New Mexico Yet
The decision on Coronado Partners’ proposal to open a horse-racing track and casino in Tucumcari, New Mexico, has been delayed yet again by the New Mexico Racing Commission (NMRC), which did not take any action regarding the company’s license application at its meeting in Albuquerque on August 25. Coronado Partners’ Racino Project in Tucumcari Is […]
Business
September 6, 2022
BETER to Exhibit Products and Network at SBC Summit Barcelona
BETER will be among the attendees at the upcoming SBC Summit Barcelona, an industry event reuniting iGaming, sports betting, and blockchain specialists interested in advancing the industry. BETER, which focuses on delivering next-generation betting content and data will also be part of the companies to have an exhibit at the expo. BETER Seeks to Strengthen […]
Business
September 6, 2022
Sportingtech Appoints Tommy Molly to Lead Sportsbook Officer
Sportingtech has expanded its C-level team with the addition of Tommy Molly as chief sportsbook officer. Molloy will step into the new position at the multi-award-winning company and help guide it through the next growth periods Sportingtech has laid out and planned. Molloy comes bearing three years as sportsbook & trading director at Pronet Gaming […]
