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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 […]
Sports
May 3, 2021
DAZN to Offer NFTs on Canelo vs Saunders Title Fight
DAZN will auction off hundreds of NFTs ahead of the title fight between Canelo Alvarez and Billy Joe Saunders on May 8, followed by another auction on May 10. NFTs Are Arriving on DAZN Ahead of Canelo vs. Saunders Fight The highly-anticipated fight between Canelo Alvarez and Billy Joe Saunders will be accompanied by a […]
Sports
April 30, 2021
Mansion Group and Smarkets to Fight against Online Abuse and Racism
Smarkets joined forces with Mansion Group to fight against racism and online abuse. The duo has confirmed that will participate in an online sports boycott, aiming to eradicate the unacceptable online abuse over social media platforms. Mansion and Smarkets Join Social Media Boycott Technology company, Smarkets, together with the sports betting brand, Mansion Group confirmed […]
Legal
April 30, 2021
Cristiano Ronaldo Facing $78-million Lawsuit over Alleged Rape at Palms Casino
For the past couple of years, soccer great Cristiano Ronaldo has been in the spotlight more for his off-field activity than his goal-scoring. One incident centers on accusations of rape that are still waiting to be discussed in federal court. New documents added to the case by the plaintiff, Kathryn Mayorga, this week show how […]
Business
April 29, 2021
Flutter Records off the Charts Revenue Growth in Q1
Flutter Entertainment Plc, a leading global sports betting and gaming provider, accelerates its strategic plans with confidence, reporting total revenue growth of 32% to £1.485 billion in its first quarter of 2021. Flutter Reports Rapid Growth in Q1 of 2021 Flutter Entertainment Plc (FLTR.L), a leading global sportsbook and gaming provider, has reported a growth […]
Business
April 29, 2021
Recovery Underway for MGM Resorts Regardless of Losses in Q1
MGM Resorts continues to improve in Q1 even though it still posts losses amid growing consumer interest. Recovery Begins at MGM Resorts International MGM Resorts International has been affected by the COVID-19 pandemic, just like any other casino and hospitality company operating in the physical world. Yet, for all the setbacks, the three-month period ending on […]
Business
April 29, 2021
Betsson Buoyant on Q1 Results despite a Few Near-Misses
Betsson Group has posted strong results in Q1 2021 with net profit going up even though the Group suffered setbacks in Norway and Germany. Betsson’s Results Improve Despite Setbacks With the first quarter of the year in the books, Betsson Group is happy to report that it has hit a bull’s eye so far as its financial […]
Business
April 29, 2021
Genius Sports 2020 Results: Landmark Year and Fourth Quarter despite Covid-19
Genius Sports posted strong 2020 results with group revenue growth of 31% to $150 million compared to 2019 and group adjusted EBITDA rise from $6 million to $18 million. All Product Lines Experience Growth in 2020 Sports data and technology company Genius Sports released its financial results for the fourth quarter of 2020 and the […]
Business
April 28, 2021
888 Continue to Beat Expectations, Q1 2021 Revenue up 66%
888 Holdings, a Gibraltar-based online betting, and gaming company, released today its Q1 trading update posting for the 3 months ended 31 March 2021 66% growth in total revenue, in line with the trend set in 2020 when its revenue beat market expectations. B2C Division Sets the Pace The growth, driven mainly by B2C operations […]