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Business
July 11, 2022
Las Vegas Sands Provides Sands China with a $1B Loan
Las Vegas Sands, а world leader in developing and operating international, world-class integrated resorts, has issued a loan to its Chinese arm. As per the agreement, Sands China will receive a $1 billion subordinated unsecured term loan. Sands China Considers the Terms Fair The loan was issued on July 11, 2022 and Sands China will […]
Business
July 11, 2022
Star Entertainment Taps Michael Issenberg as Non-executive Director
Facing a handful of issues of its own, Star Entertainment Group, the Australian gaming giant, has brought in Tourism Australia chairman Michael Issenberg as a non-executive director as the company steers choppy regulator seas. Star Entertainment has been named in several inquiries, the fallout of the investigation into Crown Resorts, and the broader desire for […]
Business
July 11, 2022
SharpLink Gaming Appoints Tom Masterman as VP, Revenue
SharpLink Gaming is making another recruitment move with the appointment of Tom Masterman. The new hire will be stepping in as VP of revenue and he will focus on building up the company’s customer and partner relationships. Masterman who is an industry veteran brings valuable experience to the table, with his 10 years of working […]
Business
July 8, 2022
Nuvei Teams up with GAN to Expand in North America
Nuvei continues to pivot towards the North American market with the company now teaming up with GAN in what is an alliance forged to help expand the company’s footprint in the region. The two companies have worked together for a while, first coming together to spearhead a launch in Ontario last April. Nuvei and GAN […]
Business
July 8, 2022
Everi Holdings Generates 70% of Revenue from Recurring Business
Everi Holdings Inc is doing well insofar as its business and finances go. This is the memo that brokerage firm B. Riley Securities Inc. issued on Wednesday, commenting on the company’s financial standing, future prospects, and current business operations. Everi, the memo read, is able to generate 70% of its revenue and its EBITDA from […]
Business
July 8, 2022
Moody’s Withdraws Crown Resorts Rating over Blackstone Acquisition
Credit rating agency Moody’s Investors Service has stripped Australia-based Crown Resorts Limited from its Ba3 corporate family rating (CFR), following a similar move from credit rating agency Fitch, which a few days ago also downgraded the company’s credit rating. Downgrade Resulting from Blackstone Acquisition The recent changes announced by the two major credit rating agencies […]
Business
July 7, 2022
RSI’s RushBet Betting and Gaming Brand Now Live in Mexico
Online casino and sports betting company Rush Street Interactive (RSI) announced today that on June 30, 2022, its online casino and sportsbook brand RushBet launched in Mexico. Always Put Players First The launch of RushBet in Mexico brings over 350 of the latest slot titles and table games, including live dealer games to a market […]
Business
July 7, 2022
Broadway Acquires 888’s Dragonfish Bingo Arm
UK-based gambling operator Broadway Gaming finalized the purchase of betting company 888 Holdings’ bingo division. The $45.25 million deal covers 888’s entire B2B and B2C bingo business and includes a twelve-month transitional period where 888 will provide transitional assistance for a pre-agreed fee. 888 Moves Away from Bingo to Focus on iGaming and Betting 888’s […]
Business
July 7, 2022
Spotlight Sports Group Signs a Multi-Year Agreement With LiveScore Group
Spotlight Sports Group (SSG), a world-renowned content, technology, and media company, has announced a multi-year agreement with LiveScore Group. Thanks to this partnership, LiveScore Group’s Virgin Bet and LiveScore Bet businesses will benefit from the services offered by the company’s Superfeed product. Superfeed Will Boost the Racing Product of Virgin Bet and LiveScore Bet SSG […]
Business
July 7, 2022
Entain on Track to Hit $1.3B in NGR in 2022 Despite Online Slowdown
Entain has issued its latest trading update covering the period from April 1 through June 30, 2022. The company has also summed up the results from the first half-year or H1, covering the period from January 1 through June 30, 2022. The report highlights a snipper of the current group’s net gaming revenue and how […]
