LeoVegas continues to show resilience in the online gambling vertical, having registered growth in operations for Q1, 2020. The company posted a 4% stronger revenue for the first three months of the year, reaching $96.55* million compared to $93.20 million in 2019. While sports betting took a hit and led a 9% drop in the […]
Italian sports betting and gaming technology company Newgioco Group announced it would start re-opening its retail outlets across the country, after the national government eased the country-wide lockdown order starting Monday, May 4. Back in March, Italy became the first country in the world to issue a state-wide lockdown order as an enforcement measure on […]
Sport content company Kiron Interactive has further strengthened its position on the Italian market with the partnership deal it has signed with leading gaming service provider Microgame. The new strategic alliance will allow the virtual game producer company to roll out most of its content on the platform of one of the leading betting services […]
Churchill Downs Incorporated /CDI/ has recently released its first quarter financial report posting net revenue of $252.9 million, down 5% compared to Q1 in 2019. The company posted net loss for the quarter to the extent of $23.4 million, in total contrast with the $11.6 million profit generated the year before. Adjusted earnings before interest, […]
MGM Resorts CEO Bill Hornbuckle noted that the company is proceeding as planned for its Osaka IR bid in Japan. Hornbuckle calls the Asian market a “huge upside for the company”. MGM Resorts Follows Their Plan for the IR bid in Japan Bill Hornbuckle, CEO of MGM Resorts, confirmed that the company is still going […]
Last week the long-awaited launch of sports betting in Colorado became official, after the Colorado Limited Gaming Control Commission put all efforts, including holding special meetings to approve new licenses, to meet its predefined schedule date May 1. DraftKings and FanDuel Among the First Sports betting in the state became legal November 2019, when the […]
Sports betting giant GVC has implemented payment reduction and bonus cuts for the company’s high-ranking employees in a bid to help it pull through the COVID-19 outbreak. GVC Execs Opt Out of Bonuses to Support the Company GVC has announced pay cuts for high-ranking staff members. The measures will affect everyone up the command chain, […]
The abrupt suspension of all land-based gambling activity has prompted many companies and lawmakers to seek an alternative, turning to online betting and gaming. Online Gambling May See a Brighter Future Because of COVID-19 Lockdown With most lawmakers resisting the shift towards online casinos and mobile sports wagering, 2020 and 2021 may yet see a […]
Diamong Eagle Corp /DEAC/, the Special Purpose Acquisition Company /SPAC/ created for the merger between DraftKings and SBTech, announced last week its shareholders approved the deal that involved the Boston-based fantasy and sports book operator and the European technology provider. Subsequently, this meant that since Friday, April 24, DraftKings started trading on the NASDAQ as […]
Paddy Power Betfair parent company Flutter Entertainment is drawing closer to the long-anticipated merger with The Stars Group (TSG). After shareholders from both companies have approved the move and regulators have given their go-ahead, the merger will be completed on Tuesday, May 5. This will conclude the process that began back in October 2019, when […]
