The much anticipated new CS:GO competition ELEAGUE aired live on TBS last week and hit a total viewership of 509,000 during its primetime Friday night slot. It was also broadcast internationally via local networks throughout Europe, South East Asia and Latin America as well as via Huamao in China and Starladder in Russia. During the debut week of the competition the …
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Acquisition costs see NYX Gaming record CAD $9 million losses for Q1 2016
Updating the market on its Q1 2016 performance (period ending 31 March), Toronto TSX-listed NYX Gaming (NYX) has reported an 89% revenue increase to CAD $18.8 million (Q1 2015: CAD $9.9 million) driven by new client growth. NYX would record group gross profits of CAD $16.2 million, with an underlining EBITDA of CAD $4.8 million up 102% on corresponding Q1 …
Read More »OpenBet secures Loto-Québec partnership extension
Updating the market, gambling platform provider OpenBet has announced that it has renewed its longstanding services partnership with Canadian lottery operator Loto-Québec for a further three years. Renewing its partnership OpenBet is set to provide Loto-Québec with its new mobile portal solution which will form a key part in the lottery operator’s future growth strategy. OpenBet governance detailed that Loto-Québec had …
Read More »Google poaches Caesars Commercial Officer Tariq Shaukat
US tech news sources have reported that Google has hired Caesars Entertainment Corporation (CEC) Chief Commercial Officer Tariq Shaukat to lead its enterprise division. Shaukat leaves embattled CEC following four and half years’ services, in which he oversaw group commercial and marketing activities as Chief Commercial Officer (October 2014 – May 2016) and Chief Marketing Officer (March 2012 – September 2014). Joining tech giant …
Read More »FanDuel waits on UK license approval for August launch
FanDuel have confirmed that they are working towards a target date for launch in the UK, but stressed that ‘the date is not set in stone and still provisional’. The company already have a license to operate remote gambling software but are still waiting on approval for their UK license application. As reported on CalvinAyre.com, FanDuel CEO Nigel Eccles told Bloomberg last …
Read More »NYX Gaming completes £270 million co-funded acquisition of Openbet
Issuing a market update, NYX Gaming (NYX) governance has confirmed that it has completed its £270 million co-funded acquisition of market leading sports betting platform provider OpenBet. First announced on 4 April, NYX acquires 100% of OpenBet assets from private equity firm Vitruvian Partners for a total consideration of £270 million, of which William Hill and Sky Betting & Gaming …
Read More »NFL power brokers throw weight behind Vegas Raiders
The project to relocate the Oakland Raiders to Las Vegas has gained the endorsement of two significant power brokers in Jerry Jones (owner of the Dallas Cowboys) and Robert Kraft (owner of the New England Patriots). A month following the relocation proposition put forward to NFL officials, Jones, and Kraft who own two of the NFL’s biggest and most lucrative …
Read More »Caesars Entertainment pledges $4 billion CEOC debt contribution
Seeking to soothe its fraught relationship with creditors, Caesars Entertainment Corp (CEC) is set to contribute approximately $4 billion to the restructure of the ‘Caesars Entertainment Operating Company’ (CEOC) unit. The move sees CEC governance up its original debt pledge from $1.5 billion to the $4 billion mark, with the contribution set to be financed through cash and new debt for equity …
Read More »William Hill make Daenerys Targaryen the favourite for the throne
With HBO’s Game of Thrones now into its sixth series and having sped past author’s George RR Martin’s original books, it’s anyone’s guess who will end up seated on the Iron Throne. With the mammoth cult following of the show and book series leading to plenty of theories and predictions in its online fandom, bookmaker William Hill is allowing enthusiasts …
Read More »Caesars Entertainment eyes sale of interactive division for $4 billion
US business news sources have reported that embattled Caesars Entertainment Corp (CEC) are considering the potential sale of its ‘Caesars Interactive Entertainment’ (CIE) division. Investment bank Raine Group LLC have been appointed to lead the bid processes, with CEC governance targeting a reported $4 billion for its asset. Led by former Party Gaming PLC CEO Mitch Garber, CIE has become …
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