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Business
October 27, 2021
Gateway Obtains $1.25B Refinancing Plan from Fortress Investment
Gateway Casinos and Entertainment Limited found a solution for its $1.25 billion in corporate debt by completing the process of refinancing. The operator of 23 Canadian casinos received a Senior Secured Term Loan B from Fortress Investment Group, a lead investing organization. The Funds Were Used to Refinance Gateway’s Debt The money that the company […]
Business
October 27, 2021
Boyd Gaming to Repurchase Stock as Revenue Hits New Record
Boyd Gaming is coming off a strong third quarter and hopes the upswing will continue well into the future. Bit hard by the COVID-19 pandemic, which caused the casino operator to lay off 25% of its workforce and issue $800 million in bonds, the company believes the worst is behind it. Following Q3’s record-setting performance, […]
Business
October 27, 2021
APBGG Increases Stakes in UKGC Incompetency Claims
A UK government committee is coming down hard on the UK Gambling Commission (UKGC), but wants to come down even harder. The All-Party Parliamentary Betting & Gaming Group (APBGG) has alleged that the gaming regulator isn’t pulling its own weight, going so far as hinting at its incompetence. Now, the committee is extending its investigation […]
Business
October 27, 2021
PlayUp Taps into Paysafe’s Income Access and Payment Solutions
Australian sports betting and iGaming operator PlayUp has teamed up with provider of payment solutions Paysafe to power up its offering in regulated gaming and sports betting markets. PlayUp, which has launched betting products in New Jersey and Colorado, will now benefit from Paysafe’s advanced payment offering. Empowering Players Through Payments Solutions Paysafe should reinforce […]
Business
October 26, 2021
PointsBet US Appointed Kyle Christensen as Chief Marketing Officer
Kyle Christensen, a former Facebook and Netflix executive, is set to help Australian sportsbook PointsBet increase its market share across US gaming jurisdictions as the firm’s US chief marketing officer. ‘Upping Our Game’ PointsBet announced the appointment of social media specialist Kyle Christensen as its US chief marketing officer today. He will support the sportsbook’s […]
Business
October 26, 2021
Live5 Gaming to Launch Slot Content in British Columbia
Premier digital game developer Live5 Gaming announced today it is set to expand its footprint in Canada after the Gaming Enforcement and Policy Branch (GEPB) in British Columbia authorized the firm to launch its content in the province. Entering Second Canadian Province The approval issued by British Columbia GEPB allows Live5 Gaming the right to […]
Business
October 26, 2021
Yolo Group Appoints Christine Lewis CEO of OneTouch, Bombay Group and Hub88
Yolo Group, a cryptocurrency-focused gaming operator, announced that it has restructured its operations and made a significant investment into its Hub88 content aggregation platform, seeking to introduce open-banking to its clients. Open-Banking Functionality The investment into Yolo Group’s Hub88 platform made via Yolo Investments aims to speed up growth at the platform and eventually offer […]
Business
October 26, 2021
Former William Hill Compliance Director Joins Smarkets
British betting exchange company Smarkets has reinforced its ranks with a new chief compliance officer (CCO). Seasoned industry veteran William Chambers will be joining straight from global sports betting company William Hill. William Chambers Joins Smarkets’ Team Chambers was previously William Hill’s chief compliance director for almost a year. Before his stint with the operator, […]
Business
October 26, 2021
DraftKings Decides to Withdraw From the $22 Billion Entain Takeover
DraftKings officially called it quits on the process of acquiring Entain today, after publicly acknowledging its interest in the purchase earlier this year. Officials of the company have stated that after a long analysis and discussion with the board of directors of Entain, a decision not to make an offer was made. The CEO, Co-Founder […]
Business
October 26, 2021
Gambling Opponents Scrutinize William Hill’s Cheap Food Offerings
London-based gambling company William Hill is under fire by gambling opponents for its decision to sell food in some of its stores. The idea is pretty new and is being tested in 5 out of 1,048 retail locations, The Guardian reported. Gambling Opponents Slam the Food Offering According to those opposed to the gaming industry, […]