North America

Flutter Entertainment Plc has this afternoon disclosed that it has agreed to sell its Oddschecker Global Media subsidiary to sports investment fund Bruin Capital for a deal consideration of £155 million.  Issuing a short statement, Flutter revealed that it has secured terms to receive £135 million in cash for Oddschecker, with Bruin agreeing to a further ‘deferred contingent’ of up …

Flutter Entertainment has delayed its US Initial Public Offering (IPO) of FanDuel ahead of the resignation of Matt King, the CEO of the latter company – which is expected in the coming weeks.  The FTSE 100 gambling group, which operates Paddy Power, Betfair and Sky Bet, had initially disclosed that it was pursuing a listing of a ‘small shareholding’ in …

Boston-based private equity fund Advent International has been cited as a new suitor vying to purchase William Hill’s UK and European assets.  As reported by The Times, Advent joins a raft of companies who have stated their interest in acquiring William Hill UK and European offcuts, made expendable by new owner Caesars Entertainment in its pursuit to become the US …

Fun88 has signed West Indian cricket star Daren Sammy as a brand ambassador, strengthening its marketing and portfolio of professional sporting partners. Formed in order to ‘break new boundaries’, the agreement represents the betting brand’s first collaboration with a flagship cricket spokesperson, and seeks to build on the existing partnership between Fun88 and the Caribbean Premier League (CPL) for T20 …

Entain has announced plans to double investment in its in-house game studios to accelerate content development across several international markets, including the UK, the Baltics and the US. New content will include ‘first of their kind’ free-to-play slot tournaments, which so far have seen over 30,000 UK-based Entain customers take part in June following the launch, whilst international customers of …

From London to Wall Street, the interim results of global gambling’s listed incumbents will be probed as the industry faces systemic changes inbound during the second-half year trading. Though the finely balanced outcome of the UEFA Euro 2020 Championships will impact incumbents bottom lines – city analysts will be focused on evaluating which companies are best equipped to thrive in …

The acquisition of Gamesys Group by Bally’s Corporation is now closer to completion, after the board of the US betting and gaming conglomerate obtained the required votes for all shareholder approvals. Under the terms of the initial takeover agreement signed in April, the merger will see Bally’s, in cooperation with Premier Entertainment, acquire the entire issued and to be issued ordinary …

The board of Scientific Games Corporation (SGC) has this afternoon disclosed that it will pursue a ‘strategic divestment’ of the technology group’s lottery and sports betting units. The decision is reported to be supported unanimously by the SGC board, including Executive Chairman Jamie Odell and Executive Vice Chair Toni Korsanos. Issuing a short statement, SGC detailed that decisive steps needed …

Gambling.com Group has filed an F1 notice with the Securities and Exchange Commission (SEC) confirming its intent to list on the US Nasdaq. The notice disclosed that Gambling.com had recruited investment banks Jefferies, Stifel and Truist Securities to lead the IPO’s planning as underwriters, in which no target price or date has been agreed on yet. The SEC will be …