Business
May 4, 2021
New Jersey to Ease COVID-19 Restrictions on May 19
New Jersey continues to gradually ease COVID-19 related restrictions. Governor Phil Murphy announced on Monday that businesses such as casinos, restaurants, gyms, and other venues will be allowed to operate at 100% capacity, effective from May 19. COVID-19 Related Restrictions to Be Lifted on May 19 in New Jersey Governor Phil Murphy announced on Monday […]
Business
May 4, 2021
Apollo Global Expands Portfolio, Buys Verizon Media for $5B
Private equity fund Apollo Global Management is set to expand its presence in the content and advertising space after agreeing to acquire AOL and Yahoo brands from Verizon. “Apollo delivered the strongest vision and strategy for the next phase of Verizon Media. I have full confidence that Yahoo will take off in its new home.” […]
Business
May 4, 2021
Penn National Gaming Launches Own iGaming Development Studio
Penn National launches its dedicated content development arm to boost iGaming offering through proprietary technological solutions. Proprietary Gaming Is Coming to Penn National Gaming Penn National Gaming, a company specializing in sports betting and iGaming products, has announced the creation of a dedicated in-house content development platform, Penn Game Studios (PGS). PGS will focus on casino content […]
Business
May 4, 2021
Gaming M&A Activity Continues as Action Network Goes to Better Collective
What a difference a year makes. The past 12 months have seen a number of high-profile deals being made in the gaming space, with mergers and acquisitions (M&A) now becoming almost a daily occurrence. The founders of Action Network aren’t complaining, as their hard work is now paying off in a big way. Only launched […]
Business
May 4, 2021
If Analysts Are Correct, DraftKings Is Going to See Its Stock Continue to Rise
When DraftKings first went public, it was a major success, attracting a lot of attention from investors as the sports gambling industry in the US began to grow. Things slowed down somewhat afterward, although the sports gambling and fantasy sports operator has seen some impressive gains, as well. With 2020 in the rear-view mirror and […]
Business
May 4, 2021
Genius Sports Acquires FanHub to Boost Social Offer and Acquisitions
Genius Sports has announced that it’s acquiring FanHub Media, tapping into the platform’s F2P portfolio of games, social experiences, and looking to improve the cost per acquisition, among other things. Genius Sports Strengthens Social Offer with FanHub Media Assets Sports tech company Genius Sports has acquired free-to-play games and fan engagement solutions provider FanHub Media Holdings with the bulk […]
Business
May 3, 2021
Australia: Slot Gambling Losses in Victoria Skyrocket
After the COVID-19-related lockdown in Victoria, Australia ended, the slot machine gambling losses have kept increasing. Since October, when the venues were allowed to resume operation, millions were lost to gambling. Furthermore, Melbourne’s western suburb, Brimbank, recorded the highest daily losses from slot machines in February – $482,168. Gambling Losses in Victoria Go Through the […]
Business
May 3, 2021
WynnBET Enters Tennessee, Launches Sports Betting Services
The board of directors of the Sports Wagering Committee of the Tennessee Education Lottery gave WynnBET approval to launch its services in the state last week. Consequently, the company rolled out its mobile sports wagering product, which is available for download on Apple and Android devices. WynnBET Launches Sports Betting Services in Tennessee The premier […]
Business
May 3, 2021
Caesars Set to Bank off Sale of William Hill’s Non-US assets
Now that Caesars Entertainment was able to close on its purchase of William Hill and all of the sports gambling operator’s assets, it’s time to get to work. Caesars made it clear from the start that it would sell William Hill’s non-US assets following the acquisition that cost it $3.7 billion and it’s ready to […]
Business
May 3, 2021
Warren Buffett Says Robinhood Turns Investors into Gamblers
Younger and less experienced investors may be tempted by Robinhood’s focus on “casino-like” investment opportunities, says legendary investor Warren Buffett. A Warning to Millennial Investors by Buffett Warren Buffett is a good example of why gambling and investment are worlds apart. The investment guru, though, believes that Robinhood, a trading platform that charges no commissions and appeals to […]