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Business
July 28, 2021
IGT Figures Out How to Save $65 Million Annually
International Game Technology (IGT) has come up with a new plan on how to cut its debt. By making amendments to its term loan facility, the company will now be able to save around $65 million each year. At the end of Q1 in 2021, IGT’s debt was $7.07 billion. Compared to the debt a […]
Business
July 28, 2021
Crown Resorts Agrees to Pay Small Part of Multimillion-Dollar Tax Bill
Crown Resorts is opening its wallet to settle an outstanding debt with the Victorian government, but it may not be enough. The beleaguered Australian casino operator has acknowledged that it will hand over approximately AUD$37 million (around $44.6 million) after it inadvertently underpaid its taxes for 2012. The sudden windfall will be welcome by the […]
Business
July 27, 2021
Publisher Gannett Secures Sports Betting Deal with Germany’s Tipico
Sports betting operator Tipico will provide odds for Gannett’s sports content under a five-year partnership valued at $90 million. Gannett Strikes Exclusive Sports Betting Deal with European Operator Gannett, the largest newspaper chain in the United States, has announced an agreement with Tipico USA Technology, the American subsidiary of German sports betting provider Tipico Group. The deal will see Tipico become the official […]
Business
July 27, 2021
Playmaker Capital Acquires Yard Barker to Expand US Presence
Digital sports media company Playmaker Capital announced today the acquisition of sports and entertainment media business Yard Barker to increase its presence in the US. “We are pleased to welcome Yardbarker to the Playmaker family. This is a US platform acquisition for us, not only transforming, but also quickly increasing financially for our shareholders.” Jordan […]
Business
July 27, 2021
SkillOnNet To Start Supplying Tom Horn Gaming Products
In a quest to make its gaming portfolio more diverse and provide players with a better gaming experience, SkillOnNet has partnered up with Tom Horn Gaming. As an online casino software provider, SkillOnNet has worked with some of the world’s leading brands and the Tom Horn partnership will add a lot of quality content. Tom […]
Business
July 26, 2021
Premier Bet, AC Milan Sign Betting Partnership Deal
The agreement will include a new multi-media, multi-market advertising campaign, which will kick off with the launch of the 2021/22 season. Premier Bet Becomes AC Milan’s Official Betting Partner in Africa Online gambling operator Premier Bet is becoming the official betting partner of Italian Serie A football club AC Milan for the region of Africa. The start of the partnership […]
Business
July 26, 2021
DraftKings Listed on the Semiannual List of Secular Growth Stocks by Morgan Stanley
DraftKings, one of the most popular online sportsbooks in the US, was added to the semiyearly growth stock list by Morgan Stanley strategists. Interestingly, DraftKings was the only representative from the gaming stock segment to be listed. DraftKings Stands Out Among Stock Options Morgan Stanley is one of the biggest investment banks in the US […]
Business
July 23, 2021
Gambling.com Slashes IPO Price as it Launches on NASDAQ
Online gambling industry marketing services provider Gambling.com surprisingly slashed the pricing of its initial public offering (IPO), as well as the quantity of shares available to investors, before going public. Revised Price and Share Quantity Gambling.com is now offering 5,250,000 ordinary shares priced at $8 per share, bringing the total valuation of the company down […]
Business
July 23, 2021
Bally’s to Bring Sportradar to Bally Interactive and the Bally Bet App
It’s a sportsbook-eat-sportsbook world in the US as operators look to find new ways to be competitive in a rapidly-growing market. New partnership agreements and innovative solutions are constantly appearing and, five years from now, the sports betting space is going to appear drastically different to today’s market. Bally’s Interactive, the online gambling arm of […]
Business
July 22, 2021
Penn Interactive Signs Deal with NASCAR and Phoenix Raceway
Penn Interactive, a subsidiary of Penn National Gaming, became the latest gambling operator to secure market access in Arizona after a multi-year deal with NASCAR. Boost Fan Experience The online gaming arm of Penn National acquired market access into Arizona via a deal with NASCAR, which made the Barstool Sportsbook betting brand of the company […]