North America

North American news

bet365 goes live in second US state following Colorado entry

SBC News bet365 goes live in second US state following Colorado entry

Stoke-based operator bet365 has strengthened its footprint in the North American market after entering its second US state, Colorado. Having signed a 10-year agreement with Century Casinos, bettors across the Centennial State will gain access to “thousands of betting events and hundreds of in-play markets” via the bet365 site. In addition, punters will also benefit from early payout offers, parlay …

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LeoVegas shareholders unanimously approve MGM buyout 

Gustaf Hagman, LeoVegas CEO

MGM Resorts has notified this afternoon that its public tender offer has been accepted by 96% of LeoVegas AB shareholders.    Initiated on 2 May, the board of MGM proposed an SEK 61 (€5.90) cash-per-share takeover offer to acquire LeoVegas outright at a deal consideration of approximately $604m (€600m). Securing LeoVegas investor approval, MGM governance announced that settlement of the share …

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Former Sportradar and Paddy Power Betfair exec joins Paysafe as CFO

SBC News Former Sportradar and Paddy Power Betfair exec joins Paysafe as CFO

Alex Gersh, a former executive with two prominent names in the sports betting space, has filled the Chief Financial Officer (CFO) vacancy at Paysafe. The new hire joins the payments platform from Sportradar, where he has served as CFO since July 2020, overseeing a period of strong growth for the Swiss-based sportstech and data firm, as well as its successful …

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Light & Wonder seeks new CEO as Cottle exits transformed business

SBC News Light & Wonder seeks new CEO as Cottle exits transformed business

Light & Wonder Inc (formerly Scientific Games Corp) has confirmed that Barry Cottle has resigned as Chief Executive and a board member of the Nasdaq cross-platform games supplier. The board of L&W has begun a search process to find Cottle’s successor, as long-term senior executive Matt Wilson takes charge of the day-to-day leadership of L&W as Interim CEO. The former …

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IGT settles long-standing DoubleDown lawsuit at a cost of $269m

IGT

IGT Plc has settled ‘in principle’ its multi-million-dollar lawsuit filed by ‘Benson Matters’ made against its former DoubleDown subsidiary.  This morning, the NYSE gambling technology group announced that it had agreed to contribute a $269m payment of a wider settlement of $415m that will end legal proceedings that have been ongoing since 2018. Acquired in 2012 for $500m, DoubleDown is …

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FSB ‘plants flag’ in Colombia to upscale South American efforts

SBC News FSB ‘plants flag’ in Colombia to upscale South American efforts

FSB has moved to strengthen its position in South America, opening a technology hub in Colombia to support its operations in the wider region as well as further afield.  Consisting of over 30 employees and based in the city of Medellin, the tech team will play a role in maintaining and expanding the B2B sportsbook supplier’s technical operations in both …

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Unibet hit with $48k Ontario regulatory penalty for advertising breaches

SBC News Unibet hit with $48k Ontario regulatory penalty for advertising breaches

Alleged ‘advertising infractions’ have landed Unibet a financial penalty of $48,000, charged by the Alcohol and Gaming Commission of Ontario (AGCO). The sportsbook brand, a division of Stockholm-listed gambling group Kindred, has been active in the Ontario betting and gaming space since April, having secured entry shortly after market launch. Like many European and US-based firms, Unibet has targeted an …

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BetMakers’ Todd Buckingham: Future prospects positive as FY22 ‘closes with confidence’

SBC News BetMakers’ Todd Buckingham: Future prospects positive as FY22 ‘closes with confidence’

As the ink dries on a number of partnership contracts, BetMakers’ CEO Todd Buckingham is confident in the company’s financial future as FY22 revenue rose by 371% from the previous year. As detailed in its FY22 financial report, the Australian sportsbook technology and software provider revealed that revenue (June 2021-June 2022) stood at AUS$91.6m (2021: AUS$19m). Adjusted EBITDA was positive …

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Genius Sports strengthens stateside standing with Bally’s Interactive

SBC News Genius Sports strengthens stateside standing with Bally’s Interactive

Genius Sports has made further inroads on its strategy for the North American betting market, clinching a partnership with Bally’s Interactive. The London-based sports tech and data company will provide the Bally’s Corporation betting division with its official data and live streaming solutions as part of the multi-year deal.  This will include its Genius Trading Services sportsbook solution, as well …

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Zetly and Haste Arcade ‘open the door’ to Web3 for sports franchises

SBC News Zetly and Haste Arcade ‘open the door’ to Web3 for sports franchises

Haste Arcade has formed a deal with blockchain-based sports firm Zetly to access immediate earning through online games. In a bid to ‘bring the sports metaverse to life’ on the Bitcoin SV blockchain, the platform looks to ‘open the door’ to major sports franchises to show them how they can implement Web3 in their sports future. Described as a ‘cohesive …

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