North America

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 …

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 …

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 …

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 …

Pavel Korolev, business development director for InBet Games, says the company has tailored its products to meet government regulation in different regions. He also says that while InBet is aware of the complexity and diversity of local markets, the B2B lottery, betting and gaming provider is open to exploring the potential of new partnerships, particularly in the Americas, and applying …

The legislation of licensed sports betting, is back on the US Congress’ menu after a committee revealed the first draft of the ‘The Gaming Accountability & Modernisation Enhancement Act’, which will be referred to as the GAME Act.   Proposed by the House Energy & Commerce Committee, the draft bill aims to outline federal provisions required for US states who …

Publishing its Q1 trading results, New York-listed IGT Group Plc has detailed a tough opening to its financial year, reporting declines throughout its core metrics. The gambling technology and lottery systems provider would detail a group revenue decline of 10% to $1.15 billion (Q1 2016: $1.28 billion). IGT governance detailed that the revenue decline reflected a tough comparative period, combined …

The governance of London-listed racing technology and betting systems provider Sportech Plc has declared a solid start to 2017 (Q1: January – March) in-line with corporate expectations. Updating investors ahead of its annual AGM, Sportech discontinues accounting the performance of its Football Pools division having agreed to sell the asset to London private equity firm OpCapita for £83 million last …

Athens-listed lottery and gambling systems provider Intralot SA has set out its mandate for continued international expansion following the firm’s annual general meeting. Detailing expansion beyond its home market of Greece, company Chairman Sokratis Kokkalis has pointed to the continued US market expansion where Intralot currently services 12 states with 600 employees. Furthermore, Kokkalis detailed to investors the firm’s positive …

Speaking to Bloomberg News, Mark Frissora Chief Executive of Caesars Entertainment Corp (CEC) has laid out the three main objectives that will lead his firm’s recovery and add greater value for shareholders. Frissora and CEC executives are handling the final proceedings of the bankruptcy of the firm’s operating unit Caesars Entertainment Operating Company (CEOC). Frissora told Bloomberg that he expects …