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Business
November 11, 2021
Entain Boss Says BetMGM Hindered DraftKings Takeover Bid
After weeks of speculation, some clarity has been brought in to why DraftKings’ bid for Entain fell through. According to Entain CEO Jette Nygaard-Andersen, the company was unable to facilitate a final arrangement because of the joint-venture it has helped establish with MGM Resorts in the United States. BetMGM Is the Apple of Discord in […]
Business
November 11, 2021
Rush Street Interactive Improves Performance in Third Quarter
Online casino and sports betting brand Rush Street Interactive (RSI) announced its latest financial results for its third quarter ended September 30. The company is continuing to gain in the US market and has significant plans for expansion in 2022. RSI Gaining Ground According to a press release from yesterday, RSI’s third-quarter 2021 revenue was […]
Business
November 10, 2021
FuboTV to Go Global With Molotov Acquisition
Fubo Sportsbook’s ownership company, the American live sports television service FuboTV, will be expanding its range through a new deal that will see it acquire the French broadcasting service Molotov. FuboTV to Acquire Molotov for $189M The agreement is scheduled to close in the first quarter of next year. It will have FuboTV pay a […]
Business
November 10, 2021
Parleh Media Group Adds Cherniak and Grove as Investors
Digital media, content production and events company Parleh Media Group announced its pre-seed financing round has closed. The round saw sports betting industry leaders Benjie Cherniak and Chris Grove join the group as investors. Business Continues to Grow Exponentially Parleh Media Group, creators of The Parleh and Parleh TV sources of engaging sports betting news […]
Business
November 10, 2021
Jackpocket Raised $120M to Continue Mobile Lottery Innovation
Innovative lottery ticket selling app Jackpocket announced its Series D funding managed to raise $120 million to provide financial support for future lottery endeavors. Affirming Presence in the Lottery Space The Series D funding round comes after a period, which saw Jackpocket increase its customer base by more than 300% since its previous Series C […]
Business
November 10, 2021
Relax Gaming to Now Feature Gaming Corps AB Titles
Gaming Corps AB, a Swedish developer of iGaming products, has teamed up with aggregator and industry leader Relax Gaming for the distribution of the former’s brand-new iGaming content portfolio of products. The partnership is a strategic step forward for Gaming Corps which is looking to break into more markets and gain access to new audiences. […]
Business
November 10, 2021
Raketech Adds New US Territory Through ATS Consultants Acquisition
Raketech Plc will purchase the assets of US sports tipster group ATS Consultants for the agreed purchase price is $15.5 million. The deal will see Raketech expand its North American publishing portfolio to include the tipster communities of Pickpapa.com, Statsalt.com and Winnersandwhiners.com. Raketech Wades Deeper into the US Sports Betting Market Raketech, coming off strong […]
Business
November 10, 2021
Matt Maddox to Make Unexpected Exit from Wynn Resorts
Wynn Resorts CEO Matt Maddox announced yesterday that he will leave the company on January 31, 2022. The Board of Directors unanimously requested that Maddox remain on the Wynn Macau Limited Board and Wynn Interactive Limited Boards until the end of 2022. The Board unanimously elected Craig Billings, Wynn Interactive’s CEO and president and also […]
Business
November 9, 2021
IGT Posted Q3 2021 Double-Digit Growth in All Divisions
Global supplier of gaming technology and solutions International Game Technology (IGT) released today its third quarter earnings report raising its full-year 2021 forecast. Revenue, Operating Income and EBITDA Continuing right where it ended the second quarter, IGT revealed revenue for the three months ended September 30, 2021, was $984 million, an increase of 21% on […]
Business
November 9, 2021
Esports Technologies Files Patent for Multiplayer Battle Games
Global provider of advanced esports wagering products and technology Esports Technologies announced today it had filed a new patent application for its multiplayer battle games. Enhanced Esports Bettor Engagement Esports Technologies filed a new patent application covering its multiplayer battle games’ modeling system, which utilizes a modified statistical distribution to model possible outcomes in multiplayer […]