David Baazov has walked away from his bid to take control of Amaya, the gambling operator he has been instrumental in building over the last few years. In a release issued to the media, Baazov claimed: “The decision to terminate my attempted acquisition of Amaya was not an easy one. I retained a full suite of advisors, arranged committed financing, and engaged in constructive negotiations with Amaya’s …
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Updating the market, Stockholm Nasdaq-listed Catena Media has entered the regulated US online gambling market by confirming the acquisition of licensed affiliate website assets from three separate US founders. Specifying acquisition details, Catena governance stated that it had agreed to pay an upfront cash and shares deal valued at $15 million, with 25% of the deal being settled through a …
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Betcade, the first gambling app store for Android, has announced the launch of Betcade Pay, the first mobile payments solution built and optimised for gambling customers. The secure, fast and easy-to-integrate service is now available for integration to gambling operators, and requires the fewest steps to deposit of any solution on the market. By Q1, Betcade Pay will begin to …
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Clarion Events has confirmed that a total of 91 gaming organisations from across 34 nations will be exhibiting at ICE for the first time in February 2017. Kate Chambers, Managing Director of Clarion’s gaming division, has described the large number of first time exhibitors as the ‘X Factor’ in the success story of the industry’s biggest B2B gaming event. For first …
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Ellis Park (Henderson – Kentucky) has selected Sportech Racing and Digital (subsidiary of Sportech Plc) as its new provider of pari-mutuel betting systems and provisions. The contract will see Sportech integrate its new QuantumTM system within Ellis Park stadia this January 2017. Ellis Parkone of the US’ oldest race tracks will be further supported by QuantumTM data provisions and the firm’s …
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Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …
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Following a competitive tender, New York-listed gambling technology supplier International Game Technology (IGT) has won the contract to supply the Massachusetts State Lottery Commission (Massachusetts Lottery) provisions to supply its central system and terminal software. The new systems and terminal contract sees IGT extend its supplier services for the Massachusetts Lottery, a customer since 1996. New provisions for the Massachusetts Lottery …
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A new study from Juniper Research has predicted that consumer spend on daily fantasy sports (DFS) will double from $2.6 billion in 2016 to $5.3 billion by 2021. Juniper also anticipates that FanDuel and DraftKings, two companies that were referenced in the study and represent a combined 90% market share, will merge imminently to consolidate their dominance. North America continues …
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Cristiano Ronaldo and Dwyane Wade have helped to promote the PokerStars brand to a wider audience by featuring in the company’s latest #raiseit social video campaign. The videos, which will be posted on Ronaldo and Wade’s social media channels over a three-month period, started with Wade’s ‘Superstar Wake Up’. Ronaldo’s retaliation video was released on Twitter yesterday with the caption …
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David Baazov has confirmed that he is still committed to his planned CAD $6.7 billion takeover of Toronto TSX-listed Amaya Inc, despite this week’s news that perceived Dubai-based backer KBC Aldini Capital had ‘no involvement whatsoever’ with Baazov’s acquisition. Publishing a statement, Baazov representatives detailed that the former Amaya CEO had received an ‘equity commitment letter’ purporting to be from …
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