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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 […]
Business
August 5, 2021
TVBET’s Full Portfolio of Live Games Is Now Available at BC.Game
One of the world’s leading live game providers, TVBET, has increased its global market presence by partnering with a cryptocurrency casino, BC.Game. Both of these companies have a common goal – to provide players with the best casino and betting solutions which is why this duo will unlock premium doors in the iGaming industry. The […]
Business
August 5, 2021
Penn National Gaming Set for $2bn theScore Acquisition
Penn National Gaming revealed today it entered into a definitive agreement for the acquisition of Score Media and Gaming in a cash plus stock deal worth approximately $2 billion. 50% Cash, 50% Common Stock Penn announced the agreement for the acquisition of theScore, a leading digital media, sports betting, and technology company, values each theScore share at $17.00 in cash plus 0.2398 shares […]
Business
August 5, 2021
Federal Judge Revives Steve Wynn-tied Lawsuit Against Wynn Resorts
A Nevada federal judge revived a securities fraud lawsuit in which executives at Wynn Resorts were well aware of some reports concerning misconduct and sexual harassment against Steve Wynn, the casino operator’s founder and former CEO. According to the allegations, even though the executives knew about these events, they chose to disregard them. Andrew Gordon, […]
Business
August 4, 2021
VICI Properties to Acquire MGM Growth Properties for $17.2B
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]
Business
August 4, 2021
Betcha Teams with FantasyGuru in Content Partnership Deal
Daily fantasy and sports gaming technology platform Betcha entered into a co-exclusive content partnership deal with FantasyGuru, a leading fantasy sports information provider, which owns a trio of websites. ‘Win-Win for Customers’ The content agreement reached between the operator of FantasyGuru.com, EliteFantasy.com, and EliteSportsData.com and Betcha comes with a match-up bonus of up to $100 […]
Business
August 4, 2021
IGT Back to Pre-pandemic Levels with Revenue Increase in Q2
International Game Technology PLC (IGT ), a multinational gaming company, has reported a profitable Q2 and a recovering global gaming division and remains confident in its 2021 commercial strategy. IGT with 74% Yearly Increase in Revenue IGT Plc has reported a yearly increase in revenue of 74% to $1 billion against the $600 million from […]