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Business
June 28, 2021
Entain Ready to Blow Competition for TAB, Mulling AU$4B+ Bid
UK-based gambling group Entain is mulling a new enhanced offer for Tabcorp’s media and sports betting assets to blow out competitors and acquire the business, several media in Australia report. TAB Bidding Impasse Having seen its opening bid for the Australian sports betting business of AU$3 billion ($2.3 billion) rejected in February, Entain followed with an improved proposal to AU$3.5 billion ($2.7 billion) in April, and now it […]
Business
June 28, 2021
Philippines the Latest to Be Added to the FATF’s Naughty List
The Philippines needs to become more proactive in fighting financial crime. That’s the message the Financial Action Task Force (FATF) sent out last Friday when it added the country to its grey list, the ledger that sits right next to the agency’s blacklist. The Philippines join two European countries, Malta and Romania, which were added […]
Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Business
June 25, 2021
JP Morgan Chase Invests in Kraft Analytics Group Equity Stake
JP Morgan, the global leader in financial services, invested in a stake in Kraft Analytics Group. JP Morgan Invests in a KAGR Stake The global leader in financial services, JP Morgan Chase & Co purchased a stake in KAGR (Kraft Analytics Group) a technology and services company focused on data management. KAGR is owned by […]
Business
June 24, 2021
888 Might Be Eyeing William Hill’s International Assets
As Caesars Entertainment could sell William Hill’s non-US assets this year, according to analysts, 888 Holdings could be one of the possible buyers. 888 a possible buyer of William Hill’s international assets This quarter, Caesars Entertainment could start the sale process of William Hill’s international assets, and it is possible to announce a buyer later […]
Business
June 23, 2021
Scientific Games and FanDuel Go Live in Tennessee and Michigan
A long-standing partnership between gaming technology provider Scientific Games and daily fantasy and sportsbook brand FanDuel grows to include launches of SG’s sports betting technology into two new states, Tennessee and Michigan. ‘Maximize Player Engagement’ Scientific Games and FanDuel launched the OpenSports technology platform in Tennessee and Michigan to expand SG’s presence via this partnership […]
Business
June 23, 2021
Quarter4 Completes $1.6M Seed Funding Round
AI predictive sports data and analytics firm also announced the entry of two new members to its board of directors. Quarter 4 to Boost Technological Efficiency AI predictive sports data and analytics platform Quarter 4 has announced the completion of its seed funding round. The company raised $1.6 million, which will go toward the acquisition […]
Business
June 23, 2021
Entain Teams up With Verizon to Create Immersive VR Gambling Room
International sports betting and gambling company Entain plans to venture into the world of virtual reality. The company reported that it is working on an immersive sports betting experience that will implement VR. It is planned to release later in 2021. An Ambitious Project Supported By Verizon Media Entain’s ambitious and novel idea will be made […]
Business
June 23, 2021
Sporttrade Raised $36M to Boost Sports Betting Exchange Operation
Sports betting operator Sporttrade announced it raised $36 million in funding from private investors from the financial services and gaming sectors to strengthen its position in the US. Attracting Investor Interest The Philadelphia-based fintech company received funding from Jump Capital, Impression Ventures, Hudson River Trading, and Tower Research Ventures, as well as from former CEO […]
Business
June 22, 2021
Leadstar Media Ready to Expand US Operations to Colorado
Leadstar Media, a sports betting and iGaming affiliate company, announced today it gained market access to another US gaming jurisdiction after being granted a Vendor Minor sports betting license in Colorado. Affiliate Services to Active Operators The license granted to Leadstar Media by the Colorado Division of Gaming marked the 6th state in which the […]