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Business
November 12, 2020
GVC Rebrands as Entain and Withdraws from Unregulated Markets
Following a recent change in leadership, GVC is rebranding as Entain and announcing a withdrawal from all unregulated markets. The move would cost it £40 million in earnings in the short-term, but boost long-term results, says CEO Shay Segev. GVC Finds New Identity as Entain and Quits Unregulated Gambling Markets The parent company of Ladbrokes […]
Business
November 11, 2020
fuboTV Releases Historical Third Quarter Earnings Report
Leading sports-first live TV streaming platform fuboTV Inc released its third operational quarter results yesterday, delivering the strongest three-month period in its history. The previously raised guidance for investors was exceeded with solid growth in revenue, subscription and engagement. Increase in Q3 Revenues fuboTV posted revenues of $61.2 million for the quarter, an increase of […]
Business
November 11, 2020
More COVID-19 Restrictions May Come to Nevada, Warns Gov. Sisolak
Acknowledging the recent spikes of positive COVID-19 cases, Nevada Governor Steve Sisolak urged people to stay as much as possible at home for the next 2 weeks. The Governor stressed that unless results improve in the next 14 days, tougher COVID-19 restrictions may be implemented. Tougher COVID-19 Restrictions May Come in Effect in 14 Days […]
Business
November 11, 2020
Nebraska Casino Legalization Worries Iowa Gambling Industry
Iowa’s gambling industry officials are worried that a vote in Nebraska last week, which greenlighted the opening of several casinos, could hurt their bottom line, the Associated Press reports. Along with the Presidential elections, Nebraska voters approved three constitutional amendments last week, paving the way for casinos to be opened at the six licensed horse […]
Business
November 10, 2020
Bet365 and Oddschecker Extend Odds and market Partnership
Odds comparison website Oddschecker and British gambling firm bet365 have extended their ongoing partnership with bet365’s odds to be displayed as part of a multi-year deal. Bet365 and Oddschecker Ink Fresh Multi-Year Deal Oddschecker and bet365 have minted a multi-year partnership, building on an existing relationship between the two companies. Oddschecker provides consumers with a […]
Business
November 10, 2020
CVC Capital, Apax Partners Bid for William Hill non-US Assets
Two entities are reportedly preparing a bid for William Hill’s non-US assets with CVC Capital Partners and Apax Partners putting a £1.5 billion each on the table, The Sunday Telegraph reported. CVC Capital and Apax Partners Potentially Bidding for William Hill In a mad scramble to the top, CVC Capital Partners and private equity firm […]
Business
November 10, 2020
NV Casinos’ Stock Rallies on News of Pfizer Covid Vaccine Breakthrough
A new preliminary data by Pfizer Inc. has revealed a new vaccine that shows 90% success in protecting against COVID-19, sending Nevada casino operators’ stock up. News of Vaccine Send Casino Stock up in Nevada Just like any other asset, casino operators’ stocks have been prone to jump on good news and slump at the […]
Business
November 9, 2020
MGM Springfield Makes Good on $2.3 Million Debt to City Despite Pandemic Impact
MGM Springfield has repaid an outstanding debt of close to $2.3 million to the City of Springfield, Massachusetts, despite having suffered significant losses due to the coronavirus pandemic, the Springfield Republican reports. The complex had owed the sum since April when it paid about $5.5 million, an initial payment from a total of $7,780,376.32 agreed […]
Business
November 8, 2020
Betting Polls Lack Liquidity, Prone to Wild Swings
Election night was an example of how illiquid markets can cause wild swings to the price movement, a Bloomberg analysis of the events on the night and afterwards reports. And it all started with bettors who did not know what they were doing. Wild Swing on Betting Markets Misled by the early counts in several […]
Business
November 7, 2020
Wynn Resorts Absorbes BetBull into $80M Wynn Interactive
Wynn Resorts and UK social sports betting operator BetBull expanded on their partnership by creating an $80 million joint venture company, as the casino operator is looking to diversify its portfolio of online gaming. As part of the deal, Wynn has also acquired the BetBull business for an undisclosed price. Wynn Acquires BetBull Wynn Resorts […]