Playtech Plc has highlighted a ‘very strong performance’ for its B2B verticals throughout the first half of 2021, achieving objectives across three continents, despite experiencing a 4% decline in revenue. Informing stakeholders in its interim trading report and following on from its July update, the FTSE 250 gaming technology group detailed that total revenue had fallen to €457.4 million (H1 …
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Betfred has moved to enhance the sports marketing and branding activities of its US subsidiary, Betfred Sports, via a deal with the NFL’s Denver Broncos. A marketing activation of the deal will see Betfred open a tent at the South Lawn outside the Empower Field at the Broncos’ Mile High stadium for every home game throughout the duration of the …
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Flutter Entertainment has paid $300 million to the Commonwealth of Kentucky to fully settle its legal dispute with the state concerning The Stars Group. The Dublin-based gambling group has paid $200 million to the state, on top of a $100 million previously handed over to the state relating to a superseded bond in the case. A statement from Flutter read: …
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Entering the US market as a global cloud hosting provider is “no easy feat” according to Peter Ekmark, CEO of Internet Vikings, as he explained the reasons why each individual state presents its own set of unique challenges. In a video interview, Ekmark began discussions by looking at the underlying reasons behind the increasing rates of cloud adoption – something …
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SBC Advisory Partners, the pioneering consulting and transaction advisory service for sports, betting & gaming sector, has announced eight industry experts have joined the organisation as associates. The new associates will assist SBC Advisory Partners in its goal of offering clients a comprehensive knowledge and contact network for the sports, betting and gaming industries across the globe. The new associates …
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The board of Entain Plc has published a further media statement outlining the financial terms of DraftKings approach to acquire its business. The statement confirmed a first offer made by DraftKings at £25 per share, comprised of a combination of group shares and cash – valuing the business at $20 billion (£14.6 bn) Entain governance rejected DraftKings initial terms that …
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Entain has confirmed media reports that prominent US sports wagering and fantasy sports operator DraftKings is interested in acquiring the company. A statement from the company’s board earlier today confirmed that a DraftKings proposal to acquire the FTSE100 firm had been received, and that such a takeover would include a combination of the former’s stock and cash. However, the group …
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Scientific Games Corporation (SGC) has moved to reinforce its commitment to responsible gaming across its business operations by recognising the American Gaming Association (AGA) Responsible Gaming Education Week (RGWE). Taking place between 19-25, the AGA RGEW will see SGC focus particularly on its Lottery Group’s Healthy Play programme, with which the Nasdaq-listed company aims to provide tools and education promoting …
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Bally’s Corporation has confirmed that its takeover of Gamesys Group will reach completion on 1 October, putting an end to the months-long acquisition process. The US sports betting and gaming conglomerate revealed that the M&A process had received regulatory approval from the UK Gambling Commission (UKGC), but added that approval was still required from US counterparts. A court hearing sanctioning …
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Shortly after successfully completing its IPO and listing on the Nasdaq Global Exchange, Sportradar has announced that early investor and former National Basketball Association (NBA) player Michael Jordan has joined its Board of Directors. Jordan will serve as a Special Advisor at the company, effective immediately, whilst also increasing his investment, with the providing ‘guidance and strategic counsel’ concerning the …
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