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Business
June 21, 2021
MGM Injects $500m to Upgrade Yonkers Raceway
Out with the old, in with the new is becoming fashionable in a post-COVID-19 environment, especially in the gambling ecosystem. A number of casino operators are breathing new life into their old properties as they emerge from the coronavirus destruction, hoping that fresh fixtures and amenities will quickly attract the crowds. New York’s Yonkers Raceway […]
Business
June 18, 2021
Goldman Sachs: “We Do Not Recommend Cryptocurrencies as Asset Class”
Skepticism reigns supreme towards crypto in Goldman Sachs midst after a new report suggested that cryptocurrencies are speculative and not an asset class. Goldman Sachs Cautions Investors about Crypto If Goldman Sachs treats Bitcoin as flower petals in the classic game of chance “He Loves Me, He Loves Me Not,” the investment bank will soon […]
Business
June 17, 2021
BetMakers Requested ASX Suspend Its Stock Trading until Monday
A halt in trading of BetMakers Technology Group shares implemented by the Australian Securities Exchange (ASX) today is fueling rumors the tech company’s bid to acquire Tabcorp’s media and sports wagering units could be successful. Halt in Stock Trading According to the information provided by the ASX the suspension in trading of BetMakers shares was […]
Business
June 17, 2021
New Jersey Gaming Revenue Increases in May, Says Report
A new report released by the gaming regulator in New Jersey reveals that gaming revenue in May reached $374.2 million. This represents an increase of 290.4% when compared to the same period last year. NJ Regulator Reveals Gaming Revenue Report for May 2021 A new report released by the Division of Gaming Enforcement in New […]
Business
June 16, 2021
Regulators and Prosecutors Raise Charges for Insider Trading
The US Attorney’s Office in San Francisco charged a group of 6 people Tuesday with trading on inside information to earn a combined $1.7 million, Wall Street Journal reported. Infinera Quarterly Earnings Tips Authorities charged 3 of the men in federal criminal court for their involvement in the sharing of unlawful stock tips that allowed […]
Business
June 16, 2021
SPAC Deal Behind Betway to Give the Gambling Operator Greater Global Reach
Betway is on a mission. It wants to conquer the sports gambling market, and not just in a single or a limited number of jurisdictions. It seeks global domination of the market and, while the goal may be lofty, it’s on a dedicated, singularly-focused course to achieve its objective. The recently announced deal between its […]
Business
June 15, 2021
WynnBet Signed Partnership Deal with the Cincinnati Reds
WynnBet, the sports betting brand of Wynn Resorts, announced today it entered into a new partnership with a professional sports franchise in the US to continue its expansion across regulated jurisdictions. Teaming with the Reds WynnBet signed an agreement with the Cincinnati Reds from Major League Baseball (MLB) to collaborate with the franchise on marketing […]
Business
June 15, 2021
Oaktree’s Structured Facility Bid to Crown Upped to AU$3.1B
Oaktree, a private equity firm based in the US, revised its initial offer to Crown Resorts related to the purchase of shares held by Consolidated Press Holdings (CPH), the troubled casino operator announced in a filing to the Australian Securities Exchange (ASX) Tuesday. CPH Stake Buy Back In April, the investment fund offered a funding […]
Business
June 14, 2021
AretoNet Deploys Full Suite of Products for Kenyan ChesaCash
Provider of full player lifecycle analytics and marketing automation for the iGaming industry AretoNet is entering the Kenyan market after a partnership with popular online sportsbook ChesaCash. Full Suite of Products and Services Malta-based real-time business intelligence services supplier AretoNet announced today it entered into a deal with ChesaCash to provide the Kenyan online sports […]
Business
June 14, 2021
Z Capital Could Soon Merge Its Affinity Gaming and SIG
According to Bloomberg anonymous sources, Z Capital could merge two of its companies, Affinity Gaming and Sports Informaion Group LLC (SIG), but the information is not yet public. Affinity Gaming and SIG Could Soon Be “Affinity Interactive” Z Capital, a leading private investment company, could merge two of its portfolio companies, Affinity Gaming and Sports Information Group LLC […]