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IGT wins 7-year West Virginia Lottery lead systems supplier contract

New York-listed lottery and gambling technology provider IGT Group has been awarded a seven-year ‘base contract’ to provide West Virginia Lottery with its principal lottery draw system along with an array of game provisions. IGT informs that it won the contract following a competitive procurement, to replace West Virginia’s legacy systems. The services contract is expected to start on 28 ... Read More »

Sam Hill – Betgenius: Introducing 3×3, the Groundbreaker for Basketball Betting!

Sam Hill Head of Business Development at Betgenius, introduces 3×3 basketball, the latest addition to the Tokyo 2020 Olympic Games sport roster. An action-packed sport, Hill details what makes 3×3 a great game for betting stakeholders. ____________________________ 3×3 is Played on a half-court, with just one hoop and games that last for 10 minutes, or until one team scores 21 ... Read More »

Unikrn teams up with Betgenius to optimise esports betting product

Updating the market, industry technology and data systems provider Betgenius has informed that it has entered a ‘landmark agreement’ with esports only competitive platform Unikrn. The partnership will see Betgenius provide Unikrn with in-play betting provisions and optimised market prices for thousands of esports markets including lead titles League of Legends, Dota 2, CS:GO, Call of Duty and Overwatch tournaments. ... Read More »

Churchill Downs spends $60 millon on revitalising Trackside Kentucky

US Racetrack operator Churchill Downs Incorporated has announced that it will invest approximately $60 million in the redevelopment of its ‘Trackside’ training facility in Louisville Kentucky. Updating investors, Churchill Downs seeks to simulcast racing machines to the 85,000-square-foot facility, opening Trackside as a consumer wagering premises, which the company believes will further complement its existing Kentucky racing portfolio. Churchill Downs ... Read More »

US FTC moves to block FanDuel-DraftKings merger

The US Federal Trade Commission (FTC) has dealt a severe blow for the planned merger of leading daily fantasy sports operators FanDuel and DraftKings, filing an official lawsuit against the formation of a new company. Last week, US Tech news sources reported that FTC officials may have concerns on the combination of FanDuel-DraftKings, which would see one player takeover a ... Read More »

FanDuel-DraftKings +80% market take-up concerns US FTC

US Tech news sources have reported that the planned merger of FanDuel and DraftKings maybe be denied by the US Federal Trade Commission (FTC), on grounds that the combination would form an outright leader with more than 80% of the daily fantasy sports market. FTC officials are reported to have shown concern that the FanDuel-DraftKings combination would lead to a ... Read More »

AGA spearheads ASBC coalition representing ‘all stakeholders’ for licensed US sports betting

US industry body The American Gaming Association (AGA) is reported to be making its biggest push for legalising sports betting within the USA by spearheading the creation of the ‘American Sports Betting Coalition’ (ASBC). The ASBC has been created with the goal of finally repealing the controversial 1992 ‘Professional and Amateur Sports Protection Act’ (PASPA), which at present only allows licensed ... Read More »

IGT offers 7.5% debt note tender for $500 million target price

New York-listed gambling and lottery technology/systems provider IGT Group has issued a market tender seeking to sell 7.5% of its corporate debt ‘Notes’ at a target price of $500 million. The gambling technology firm seeks an outright buyer or multiple parties to purchase the Notes which are due for repayment in 2019. IGT governance has set a purchase price of ... Read More »

Rush Street Gaming appoints Mark Lunter as new marketing lead

Issuing a market update, Chicago-based US casino operator Rush Street Gaming has confirmed the appointment of Mark Lunter as its new Chief Marketing Officer. A casino marketing veteran, Lunter joins Rush Street from market competitor Caesars Entertainment, where he served as Regional Vice President of Marketing for Caesars Eastern US properties (Baltimore, Philadelphia and Tunica). Lunter has also held marketing leadership ... Read More »

IGT concludes $850 million sale of Double Down social gaming division

Updating the market, New York-listed IGT Group Plc has confirmed that it has concluded its $825 million sale of social games/gambling division Double Down Interactive to Korean games developer DoubleU Games Studio. The deal was first announced last April, with IGT governance detailing that the final sales figure represented a value of ‘10.5 x on Double Down full-year 2016’s adjusted ... Read More »