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Business
June 14, 2021
Vegas Nightlife Gets More Colorful With Cannabis Lounges
Cannabis lounges are going to be the newest entertainment arriving in Las Vegas, Nevada soon. A new bill introduced by Assemblyman Steve Yeager proposes the establishment of licensed cannabis lounges which will allow on-site consumption of cannabis and cannabis edibles. A Bill Proposes the Creation of Licensed Cannabis Lounges Cannabis was legalized in Nevada back […]
Business
June 11, 2021
Garden Grove Police Busts Illegal Gambling, Arrests 19 People
California police made multiple arrests of people allegedly dealing with illegal gambling operations at a private home in Garden Grove. Gambling House Found while Executing Search Warrant Responding to complaints made by the surrounding community, a search warrant was executed on the evening of June 9 for a residence in the 10000 block of McMichael […]
Business
June 11, 2021
PointsBet Inks Riverboat Group Agreement to Enter Maryland
Under an exclusive agreement with Riverboat Group, PointsBet secured Maryland market entry. While regulatory approval is still pending, once PointsBet is given a green light it will launch both online and retail sports wagering. PointsBet Secures Maryland Market Entry via Riverboat Group Partnership Premier global online gaming operator, PointsBet announced on Thursday that it inked […]
Business
June 10, 2021
Sightline Acquires Leading Casino App Developer JOINGO
Financial technology company, Sightline Payments acquired JOINGO, a casino mobile app developer. The acquisition will boost Sightline’s offering while at the same time will increase the personalization of mobile marketing campaigns for its customers. Sightline Payments Takes over JOINGO Digital payments solutions provider for casinos and betting markets, Sightline Payments announced on Wednesday that it […]
Business
June 10, 2021
SEC Chair Warns Markets Change in Trading Rules Is Coming
Equity trading in the US is likely to undergo a major overhaul after a regulatory call for a broad review of stock trading rules is questioning legal mandates related to brokers, an article in Bloomberg speculates. Payments for Order Flow Staff at US Securities and Exchange Commission (SEC) was tasked to examine brokers’ requirements for […]
Business
June 10, 2021
BetMGM Named Official Gaming Partner of Professional Fighters League
BetMGM has been named as the “Authorized Gaming Operator” of the Professional Fighters League (PFL). The partnership will give MGM Resorts International and joint venture partner Entain access to PFL promotions, VIP events, and the use of the PFL logos and marks. Officially commencing from June 10, BetMGM customers will have the opportunity to wager on […]
Business
June 9, 2021
Sportradar’s $10B SPAC Merger Collapsing, IPO Option Remains
Sports data supplier Sportradar is pulling out of the proposed merger with Horizon Acquisition Corp. II and is looking for a traditional initial public offering (IPO), Sportico reports based on people familiar with the matter. Going Public via IPO The $10 billion business combination between the Swiss-based sports data provider and the special purpose acquisition […]
Business
June 9, 2021
MGM Hires Tilak Mandadi as Chief of Strategy, Innovation and Technology
Tilak Mandadi, an industry veteran who worked for Disney and American Express is joining MGM Resorts. In his new position, as of July 6, he will serve as chief of strategy, innovation, and technology. Tilak Mandadi to Join MGM in July MGM Resorts International announced on Tuesday that it hired the services of Tilak Mandadi. […]
Business
June 9, 2021
Caesars Entertainment to Possibly Raise Room Rates, Shift Focus as It Seeks Further Expansion
A lot of changes are coming to Caesars Entertainment this year, and some, if implemented, may not be welcomed by guests. The casino operator reportedly just met with Deutsche Bank analysts to get a different perspective on its short- and long-term movements, and the results, according to CDC Gaming Reports, might lead the company in […]
Business
June 9, 2021
Genius Sports and Shareholders Offer for Sale 20 Million Shares
Sports betting company Genius Sports announced it launched an underwritten public offering of the company’s common stock to the amount of 20 million shares. Registration with the SEC Filed, Not Effective Yet The public offering for which Genius Sports filed a registration statement and a preliminary prospectus with the US Securities and Exchange Commission (SEC) […]