North America

Betfair has said that its Next President market is set to become the most traded it has ever seen, even surpassing the Brexit vote. By 6 November, approximately $130 million had been traded on the winner of the presidential race between Democrat Hillary Clinton and Republican Donald Trump. This figure is in comparison to roughly $50 on the equivalent market in …

Las Vegas-based Scientific Games has initiated a $75 million cost-cutting programme to reverse its losses, and focus on driving the company back to its core business. Kevin Sheehan, Chief Executive and President, said: “To position Scientific Games for long-term growth, we are prioritizing our business strategies, streamlining and consolidating our processes and creating a more efficient, seamless organisation.” Sheehan, who …

XLIVE will take place in Las Vegas this December (5-7) and with an extensive esports track, one of the panel naturally focuses on the convergence of esports and gambling. Chris Grove, Partner at Narus Advisors ,who recently put on the Esports and Casino Resort conference will speak on the panel titled ‘Show Me the Money – Are esports the next …

The futures of gambling and gaming converged at the Esports & Casino Resorts conference hosted October 25th and 26th at the SLS Las Vegas last week, and Maestro emerged as the winner of the launchpad on the second day. Ari Evans, Co-Founder and CEO of Maestro, delivered a precise and convincing pitch which saw the judges vote for Maestro as …

According to spread betting firm Sporting Index Donald Trump is on course to win the majority of States but he’ll ultimately fail in his presidency bid.   Following the further revelations about her email usage and public revelation of the FBI investigation, Hillary Clinton is now predicted to win fewer states than Trump but still become the 45th president of the …

The Financial Times has reported that embattled European bank Deutsche Bank is preparing to cash-in on its 17% stake in Nevada casino operator Red Rock Resorts (formerly known as Station Casinos). Deutsche governance are reported to be seeking a $440 million sale price for its stake in Red Rock a company it invested in 2011 as the operator looked to …

US tech news sources have reported that fierce daily fantasy sports (DFS) rivals FanDuel and DraftKings are heading towards an ‘imminent’ merger. Following a tough year of legal and regulatory battles for both operators, it has been reported this weekend that the leaderships of both firms are studying a potential merger to fully takeover the US DFS market. A FanDuel-DraftKings …

Tabcorp horse racing media rights subsidiary Sky World Racing (Louisville – Kentucky) has announced the launch of its new website – skyworldracing.com. The new website will act as a racing content hub seeking to become the leading news source year-round racing from the Australian, New Zealand and South African markets. Sky World governance detailed that a new website was needed …

Don’t mess with the NY general attorney’s office was the lesson from last night as the details of the settlement agreed with DFS operators FanDuel and DraftKings were revealed. A total of $12m (£9.8m), with an even split of $6m (£4.9m) from each, was the fee for the daily fantasy heavyweights for deceptive advertising practices employed by them last year.   …

US Gambling operator Penn National Gaming Inc (Penn) has confirmed the appointment of William ‘BJ’ Fair as new Chief Financial Officer (CFO) effective January 2017. Penn governance confirmed the promotion of Fair who has served the operator as Chief Development Officer since 2014, he will replace former group CFO Saul V. Reibstein, who announced his retirement from the company last …