Latest News

North America

Amaya hits ‘record revenues’ despite poker being hit by currency fluctuations

Presenting its full-year 2016 results, Toronto-listed Amaya Inc was pleased to report ‘a record year of revenues’ as the company looks continues to diversify its product portfolio and increase its profile within regulated online gambling markets. Amaya governance would declare full-year 2016 group revenues of $1.15 billion up 8% on corresponding FY 2015’s $1.07 billion. The operator would hit ‘record ... Read More »

123gaming launches £1 million crowdfunding campaign

123gaming Limited has launched a Seedrs crowdfunding campaign for its 123Bet racing product, with the company seeking to raise £1 million in funding for a combined 11.66% of equity. The racing enterprise generates revenue through the operation of its online wagering site www.123bet.com and its 123racing Pick6 wager via Sportech’s tote platform. The wager, which is similar to a handicapping contest, pits ... Read More »

Warren Buffett cold on legalising US sports betting

Speaking to Yahoo Finance, Warren Buffett the world’s most powerful hedge fund magnate with a speculated wealth of $76 billion remains tepid on the potential of legalising US sports betting. Buffett a fan of college basketball, who this February repeated his $1 million-a-year sweepstake for Berkshire Hathaway employees to predict the correct ‘March Madness’ brackets of the NCAA Basketball Championships, ... Read More »

DraftKings raises further $100 million through Eldridge Industries LA

Bloomberg USA has reported that daily fantasy sports (DFS) operator DraftKings has raised a further $100 million (£84 million) in venture financing led by Los Angeles VC fund Eldridge Industries. The  VC fund which is headed-up by Los Angeles Dodgers MLB franchise owner Todd Boehly joins DraftKings’ portfolio of 17 core investors (https://www.crunchbase.com/organization/draftkings#/entity ) To date, DraftKings has raised approximately ... Read More »

Gaming Nation Canada acquires BD Sport for £11 million

Canadian sports entertainment group Gaming Nation has confirmed that it has acquired UK-based in-stadia marketing specialist BD Sport Group (BD Sport) for a total consideration of £11 million. Updating the market, TSX-listed Gaming Nation detailed that it had agreed to acquire BD Sport assets outright for £8.8 million, with the acquiring firm adding a further £2.2 million in performance-related provisions. ... Read More »

Betcade returns to business having secured critical funding

Betcade the ‘real-money’ dedicated gaming/gambling app store has returned to business having gained critical investment from Vancouver-based private equity firm Columbia Ventures Corporations (CVC).  At the start of the year, Batcade management had issued a corporate statement informing industry stakeholders that the company had ceased its operations. At the time Betcade management did not disclose any specific reason as to ... Read More »

Quebec AMF sets November date for Baazov ‘insider trading’ case

Canada’s High Court has set a 20 November date for the ‘insider trading’ trial of former Amaya Inc CEO David Baazov by Quebec securities regulator Autorité des marchés financiers (AMF). Baazov faces 23-charges of illegal trades carried out over a six-year period as CEO of Amaya Inc. The AMF states that Baazov and twelve close associates had created a ‘sophisticated network’ ... Read More »

Wynn appoints Craig S Billings as new CFO

Updating the market, US Nasdaq-listed casino operator Wynn Resorts (Wynn) has confirmed the appointment of Craig S Billings as the firm’s new Chief Financial Officer (CFO). Billings is set to officially join Wynn on 1 March, taking over the senior executive role from incumbent Stephen Cootey who left the company last month to ‘pursue personal projects’. Reporting to Wynn governance, Billings ... Read More »

Industry first…Pinnacle opens market on CrossFit Open 2017

Curacao and Malta-licensed sports betting operator Pinnacle has declared ‘another industry first’, by taking wagers on the ‘CrossFit Open 2017’. Pinnacle states that it is the first bookmaker to offer odds on the sport of Crossfit, which incorporates ‘high-intensity fitness programs with aerobic sports training and muscle conditioning exercises’. Sponsored by Reebok Fitness, the Crossfit competition aims to find ‘the ... Read More »

WSOP extends ‘exclusive provider’ partnership with 888poker

WSOP - Copyright: fjjimenez / 123RF Stock Photo

The World Series of Poker (WSOP) has extended its contract with 888poker, which will see the online brand become the exclusive provider of online qualifier satellites and promotions for the poker series. WSOP works with 888poker to provide players with entry opportunities to its tournaments, and made the announcement alongside confirmation of its 2017 schedule. Ty Stewart, WSOP Executive Director, is ... Read More »