Eilers and Krejcik Research has unveiled its latest analysis of the daily fantasy sports industry with an update for 2017 which opens with the line ‘by all accounts 2016 was a challenging year for the DFS industry with some silver linings’. These are silver linings worth looking into. First though, a look back at some of the issues the industry …
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With President-Elect Donald Trump taking full US Presidential duties on 20 January (inauguration date), bookmakers are wondering whether ‘The Donald’ will survive a full four-year term as leader of the United States of America. Trump who yesterday gave his first official press conference as President-Elect, having won the US Election on 8 November reemphasized to the world’s media that …
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Issuing a corporate update, Toronto TSX-listed NYX Gaming (NYX) has confirmed the appointment of Todd McTavish to its executive leadership team, taking on the group role of Chief Legal Officer (CLO). McTavish will be charged with leading NYX group legal and compliance functions across all divisions of NYX expanded operations following the firm’s significant growth via multiple acquisitions within the …
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Just over a week ago, a Starbucks barista on $15,000 a year picked up nearly $1 million after winning the biggest pro football handicapping contest in the world. Damon Graham correctly predicted all five games on the final day of the NFL season to beat some of the top sports bettors in the world to the $895,482 first prize, the …
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Following a review of its financing options, the governance of Toronto TSX-listed Amaya Inc has confirmed that it will pay its $197.7 million balance relating to the deferred purchase price for acquired Rational Group assets (2014) throughout the course of 2017. Updating investors, Amaya governance detailed the changes to its payment plan which was due for 1 February 2017. The …
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US business news sources have reported that the governance of Caesars Entertainment Corporation (CEC) are closing in on a final resolution with senior creditors relating to the $18 billion debt restructure of its ‘Caesars Entertainment Operating Company’ (CEOC). 90% of Caesars creditors are reported to have accepted terms relating to the CEOC debt reorganisation. Furthermore, debt stakeholders have chosen …
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In December WatchandWager received a licence approval from the Kentucky Horse Racing Commission. This means the company commenced taking live registrations, deposits and wagering from residents of the State from 14th December. The licence comes conditional on a $100,000 (£81,000) Bond being lodged with the Commission and this is expected to be in place early in this month. Kentucky is known as …
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Caliente will become the first operator in Latin America to launch Player Props, the player proposition betting product from Digital Sports Tech. This follows the recent successful integration with Coral in the UK and Europe, and with MadBookie in Australia. Ladbrokes Australia will also launch Player Props in early 2017. Caliente, the largest sportsbook in Mexico, will be launching the …
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Caesars Entertainment, an American casino operator based in Nevada, has appointed Ruben Sigala as its Chief Marketing Officer (CMO) following a successful interim period. Sigala, who has been with the company since September 2005, has served as CMO since May 2016. He has been appointed with immediate effect subject to regulatory approval. In 2005, he was hired as vice-president of …
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In late December an announcement on the Lounges sites, CSGOLounge and Dota2Lounge, revealed that there will be a ‘money refund program’ for some of the sites’ users. It was CSGOLounge which was very much at the centre of the skins betting drama which kicked off last summer. Robert Borewik is the founder whilst ESForce Holding is an investor which came …
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