Business
April 25, 2020
Gauselmann Prepares to Re-Open As Germany Eases Back from Restrictions
German gaming technology and equipment manufacturer Gauselmann Group has been preparing its production and gaming facilities for an earlier opening, encouraged by the recent developments in the country where the federal government starts to ease back the economy from the restrictions. Production, Sales and Gaming Closed Due to the coronavirus spreading concerns, Gauselmann closed down […]
Business
April 24, 2020
MGM Issues New Public Debt of $750M to Boost Liquidity
MGM Resorts has announced the company managed to raise $750 million in new debt, to further strengthen its balance sheet amid the uncertainty related to the current health crisis that led to casinos closure across the states. Notes Offering Amount Upsized Thursday morning the casino operator was hoping to reach at least $500 million, and […]
Business
April 24, 2020
Google Implements Identity Verification for All Types of Advertisers
Google intends on implementing an identity verification process for all entities that would like to advertise on its platform, gambling advertising companies included, a recent blog post suggests. John Canfield, Google’s Product Management, Ads Integrity Director, used the official blog of the company to inform the public that changes to the advertising policy of the […]
Business
April 24, 2020
DEAC Finalizes DraftKings and SBTech Merger
Diamond Eagle Acquisition Corp. (DEAC) has given the go-ahead for the acquisitions of DraftKings and SBTech, leading to a new giant in the gambling industry. During the meeting held on Wednesday, April 23, the majority of shareholders – in charge of 99.7% of DEAC stock, supported the previously announced deal. Around 0.3% objected or abstained […]
Business
April 24, 2020
Intralot Expects COVID-19 Impact to Let up in November 2020
Supplier of integrated gambling software solutions Intralot has said that the industry is not likely to go back to normal until November 2020. According to the company, gambling will feel the peak of the novel coronavirus lockdown in April and May, when results are published. A $32M Impact and Early Return to Normality in June […]
Business
April 23, 2020
Moody’s: Mergers And Acquisitions Is the Future of the Gambling Industry
The ongoing merger between Flutter Entertainment and The Stars Group /TSG/ has a real chance to make the decisive step towards completion this week, after on Tuesday the shareholders of the Irish-based gaming operator have almost unanimously approved the deal, and the stock holders of the Toronto-headquartered company will have their say Friday, April 24. […]
Business
April 22, 2020
Flutter Entertainment: Shareholders Approved the Combination with TSG
The merger between Flutter Entertainment and The Stars Group /TSG/ has moved one step closer to completion Tuesday, after the Irish-based company held its Extraordinary General Meeting during which its shareholders approved the deal. Merger Still On Track The combination between both companies will create a gaming giant with more than 10 million customers worldwide, […]
Business
April 22, 2020
The United Arab Emirates Launches Global Digital Lottery
The United Arab Emirates has launched its first official digital lottery on April 18, following a three-week delay. The lottery is available to individuals over the age of 18 and offers up to $13 million jackpot weekly. UAE Launches First Lottery in the Country and Globally The United Arab Emirates (UAE) has opened the first […]
Business
April 21, 2020
Penn Assures Stakeholders Business Continuity Has Been Secured
Penn National Gaming issued a stakeholder letter to investors on Monday, updating them about the measures undertaken by the company to mitigate the significant risks generated by the ongoing situation with the spreading coronavirus. The Pennsylvania-based gaming operator Penn National was ranked among the casino operators that would not last long in case casino closure […]
Business
April 21, 2020
Responsible Gambling May Be Harder to Sustain While in Lockdown
People may turn to online gambling as an escape route from boredom while being in lockdown more easily than otherwise, the Victorian Responsible Gambling Foundation argues in a recent news release on its website. Online Gambling As a Way of Escapism The statutory authority created by the Victorian Government and enforced by the Victorian Responsible […]