Business
December 20, 2022
Cricket Pro Dhawan Launches Sports Technology Venture Fund
Shikhar Dhawan, а world-famous Indian cricketer and avid businessman, has founded a new sports technology-oriented venture fund called Da One Global Ventures (DOGV). The $75-million entity will seek to nurture innovation within the sports sector. DOGV Goes Live As announced, DOGV will be a multi-stage fund with a greenshoe option of $25 million. It will, […]
Business
December 19, 2022
Wynn Macau to Invest $2.2B Following Changes in Concessions
Wynn Macau Spending Big Wynn Macau announced it’s planning an investment of MOP17.8 billion (approximately $2.22 billion) in the special administrative region (SAR). A big piece of these investments is going to be focused on expanding revenue through non-gaming enterprises. This is a general trend that’s expected, as the SAR announced that broadening their non-gaming […]
Business
December 15, 2022
Meyer Global to Invest $15 Million in PlayStar
PlayStar Gaming Group, a gambling operation with a vision to deliver an online gambling experience like no other, is set to receive $15 million in equity funding from Meyer Global Management. The move will strengthen the operator’s business and help it expand in the United States. PlayStar to Receive Investment from Meyer Global As announced […]
Business
December 12, 2022
Playtika, Ready to Cut 12-15% of Its Headcount During Second Wave of Layoffs
Israeli mobile gaming entertainment and technology company that uses art and science to create entirely customized game experiences Playtika has announced its second wave of employee layoffs. In June, the company announced it would bid goodbye to around six percent of its workforce, or the equivalent of 250 of its employees part of game development […]
Lottery
December 12, 2022
Lottery.com Parts Ways with another Director
Lottery.com has been struggling with a myriad of difficulties. Adding to the company’s woes, Amer Rustom, one of its directors, announced his departure after less than two months with the company. Rustom Left the Company Five Days Ago Amer Rustom, a member of Lottery.com’s board of directors, handed in his resignation five days ago, announcing […]
Business
December 6, 2022
DAZN and BetClass Italia Partner for Fanfare-Free Sportsbook Service Launch
Global sports streaming platform offering on-demand original programs and live world championship boxing in over 200 countries DAZN has partnered with Rome-based Bet Class Italia for the soft launch of a new sportsbook service in Italy. The company that launched its services in Japan, Austria, Switzerland, and Germany in 2016, followed by Canada a year […]
Business
December 2, 2022
Blackstone Sells Off All Stakes in MGM Grand and Mandalay Bay
Blackstone Real Estate Income Trust, Inc. (BREIT) made an official press release announcing the upcoming sale of its remaining MGM Grand Las Vegas and Mandalay Bay Resort stakes. VICI Properties, which currently owns a 50.1% interest, will acquire the remaining 49.9% interest in the joint venture for a cash consideration of roughly $1.27 billion. VICI […]
Business
December 1, 2022
Sands China Restructures Share Capital of Macau Subsidiary New Gaming License
Sands China Ltd, a Macau-based resort developer, and operator, has announced that it would restructure the share capital of its Macau subsidiary, Venetian Macau Ltd (VML), which detains its Macau gaming license in order to comply with Macau’s new gaming law. The restructuring of VML’s share capital will prepare the company for a new ten-year […]
Legal
December 1, 2022
1xBet’s Bankruptcy in Curaçao Appears Inevitable
1xBet, one of the world’s largest online sports betting companies, continues to make headlines in the worst possible ways. The company is now facing an imminent threat of bankruptcy in Curaçao, after a prolonged legal battle with the Foundation for the Representation of Victims of Online Gaming (SBGOK). 1xCorp N.V., originally from Russia, operates 1xBet […]
Business
November 29, 2022
Itai Pazner: Handling Debt Is 888’s Top Priority
Leading gambling group 888 Holdings is holding its Capital Markets Day today, November 29. Ahead of the event, the group spoke about some topics that will be discussed. Paying back 888’s outstanding debts continues to be a core priority amid investor unrest. 888 Holdings Must Deal with Debts 888 shareholders remain concerned about the money […]
