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Business
August 9, 2021
DraftKings to Acquire Golden Nugget Online in $1.56B Deal
Daily fantasy and sports betting operator DraftKings announced today it entered into a definitive agreement to acquire Golden Nugget Online Gaming (GNOG) in an all-stock transaction. All-Stock Transaction Holding an implied equity value of approximately $1.56 billion, the acquisition of the online gaming arm of Tillman Fertitta’s Golden Nugget will enable the Boston-based gambling brand […]
Business
August 9, 2021
Sport Betting in Florida Silently Clears a Major Hurdle, but Trouble Remains
In spite of multiple attempts to derail the effort, Florida’s legalized sports betting market is now only inches from the finish line. The federal government’s Bureau of Indian Affairs (BIA) had 45 days to approve the state’s gaming compact with the Seminole Tribe of Florida and has allowed that window to close with no response. […]
Business
August 6, 2021
Aspire Global Signs Casino and Sportsbook Deal with JNS Gaming
Gaming technology supplier Aspire Global has announced it has entered into a multi-faceted agreement with JNS Gaming to power the operator’s launch of a new casino and sportsbook brand. Full Suite of Products and Services The latest deal between Aspire Global and JNS Gaming covers the entire proprietary offering of the gaming technology firm, platform, […]
Business
August 6, 2021
Playtika Records Increased Profits, Will Explore More M&A Activity
Playtika, a leading social gaming business, had higher revenue and much lower costs of maintaining the company running, which is why H1 resulted in profits, stated the chief financial officer of Playtika. Statistics showed that for the first half of 2021, the revenue reached $1.30 billion, or an increase of 9.6%. While the $1.30 billion […]
Business
August 6, 2021
Illinois the Quickest in US History to Reach $5 Billion Sports Betting Handle
Sports betting in Illinois took $476.5 million in June, which is the lowest it’s been since December 2020. However, the state still managed to break the $5-billion mark faster than any other state to date. Sports Betting Handle in Illinois Slumps but Revenue Increases In June, sport wagering in Illinois dropped below $500 million for […]
Business
August 6, 2021
DraftKings Could be Coming to the Chicago Cubs and Wrigley Field
A visit to the iconic Wrigley Field in Chicago, IL, could be very different in the future. The field is home to the Chicago Cubs, who teamed up with DraftKings last year, and the idea since then has been to have a massive sportsbook at the stadium. That dream moved closer to reality this week […]
Business
August 6, 2021
Peer-to-Peer Sports Betting Platform ZenSports Moves into Nevada
First, there were straight bets on sports – moneylines, spreads, etc. Then came parlay bets, adding some new excitement to the market. As sports betting continues to evolve, increased exposure to peer-to-peer betting platforms is being found, an indication of the continued evolution of the industry. ZenSports isn’t the only one getting involved, but it […]
Business
August 6, 2021
MGM Resorts to Trim Back Its Corporate Structure, Possibly Explore More Online Ops
For those who missed the memo, the US gambling industry is about to embark on a journey into the unknown. There was a time, in the not-so-distant past, that just the mention of “online gaming” caused land-based casino executives’ hearts to skip a beat. Not anymore, though, and changes are coming. MGM Resorts International isn’t […]
Business
August 5, 2021
Playtech Board Unsatisfied with Gopher’s Response over Finalto Deal
Playtech released an official response to Gopher Investments’ statement regarding the sale of Finalto, reaffirming its recommendation to shareholders to approve the bid of the Consortium led by the Barinboim Group. Consortium Bid Still Recommended by the Board Playtech confirmed the Board’s stated strategy to simplify the company’s business with a swift disposal of Finalto, […]
Business
August 5, 2021
DraftKings and Genius Sports Sign New Supplier Agreement
Leading sports betting and gaming operator DraftKings signed a new supplier agreement with sports betting data and content provider Genius Sports to take advantage of its full range of official data and fan engagement solutions, including the complete suite of products related to the NFL. Immersive Customer Experience The agreement signifying the importance of official […]