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Business
September 29, 2021
Sands China Redeems $1.8 Billion in Senior Notes Two Years Early
Sands China has completed an exercise that allows it to reduce the weight of its leveraged debt. The Asian arm of casino operator Las Vegas Sands submitted a filing to the Hong Kong Stock Exchange (HKSE) yesterday, explaining that it had redeemed $1.8 billion in senior notes. The move comes on the heels of another […]
Business
September 28, 2021
Endeavor Reinforces Sports Betting Offering with OpenBet Acquisition
Global sports and entertainment firm Endeavor Group Holdings is moving in on OpenBet, a leading content platform and service provider for the sports betting industry owned by Scientific Games Corporation. Endeavor and SG have come to an agreement for the sale of the platform that will now be transferred to the former for the amount total of $1.2 billion. […]
Business
September 24, 2021
XLMedia Acquires Blue Claw Media in All-Cash $2.5M Deal
Leading global digital performance publisher XLMedia continues its shopping spree, this time acquiring Blue Claw Media, a marketing agency operating out of Leeds, UK, for a total consideration of up to £1.8 million ($2.5 million). Cash-Only Transaction The acquisition deal for Blue Claw Media follows more than a year of collaboration between XLMedia and the […]
Business
September 23, 2021
Playtech Posts H1 Profit despite Retail Closures Impact
Gambling software provider Playtech released today its report for the six months ended June 30, 2021, outlining the importance of US as the company’s main driver for growth. Summary of Financials Revenue for the first six months of 2021 was €457.4 million ($563.5 million), down 4% compared to the €476.7 million ($559.2 million) reported in […]
Business
September 23, 2021
Great Canadian Gaming Gets New CEO as Apollo Global Takes Over
It was a deal in the works for around ten months, but it has finally reached a successful conclusion. Apollo Global Management, the asset fund management company with its hands in gaming operations around the globe, is now the owner of Canada’s Great Canadian Gaming (GC). With the acquisition complete, Apollo brought in an industry […]
Business
September 22, 2021
Bally’s Confirms That the Gamesys Takeover Will Finalize on October 1
Bally’s Corporation has officially confirmed that its Gamesys takeover will be completed on October 1, and thus, it will finally complete the process of acquisition, one that lasted several months. The betting and gaming conglomerate also revealed that the UK Gambling Commission approved the M&A process, but, nevertheless, US counterparts still required approval. The Two […]
Business
September 22, 2021
Scout Gaming to Enhance Social Sportsbook for eFanGage
Daily fantasy sport (DFS) and betting solutions provider Scout Gaming announced today it entered into an agreement with eFanGage to boost fan engagement on its venue-based platform rolled out to bars, restaurants, stadia, and arenas in the US. DFS and Social Sportsbook The agreement between the company that “close[s] the gap between sports betting and […]
Business
September 22, 2021
FanDuel and Minute Media Continue Their Robust Partnership
Media and tech brand Minute Media announced it has raised “tens of millions of dollars” in a funding round that was never announced publically. Sports betting operator FanDuel was among the biggest investors, according to an interview between Minute Media’s chief executive officer Asaf Peled and Axios. FanDuel and Minute Media Continue Their Work Together […]
Business
September 22, 2021
PayNearMe Approved in Arizona, Launches with Barstool Sportsbook
Payment processing company PayNearMe is now officially licensed to operate in Arizona and has launched with Barstool Sportsbook. Launching in Arizona as New States Await PayNearMe has been granted an official license to operate in Arizona. The payment platform provider, which focuses on assisting iGaming companies in regulated gaming markets to conduct payments, received an […]
Business
September 22, 2021
DraftKings Has a New Acquisition Target in Entain
At this point, DraftKings’ mission is clear – it wants to control the gaming world not only in the US, but globally. It is already discussing the possibility of purchasing Golden Nugget Online Gaming (GNOG) in a deal worth around $1.56 billion, but that pales in comparison to its latest acquisition target. Entain has confirmed […]