The Hong Kong Jockey Club (HKJC) has confirmed the appointment of Raymond Tam Chi-Yuen as Executive Director of Corporate Affairs. The former Minister of Hong Kong for mainland China is expected to join the legacy racing operator on 15 August, taking leadership of HKJC corporate communications, governmental stakeholder guidance and wider corporate affairs. HKJC further details that Chi-Yuen will work …
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FanDuel secures ‘greatest US betting coverage’ with Boyd Gaming alliance
New Paddy Power Betfair’s US subsidiary FanDuel has announced that it has entered a strategic partnership with multi-state casino and leisure group, Boyd Gaming Corporation. Updating the market, FanDuel is set to become the lead sports betting and online gambling services provider for Boyd Gaming, a New York-listed gambling group which is set to significantly bolsters its US land-based presence …
Read More »Scientific Games reports positive revenue momentum despite accounting restructure
A new look Scientific Games Corporation (SGC) announces its second quarter 2018 results, reporting revenue growth across its core divisions of gaming, lottery and digital services. Updating the market on Q2 2018 trading (period ending 30 June), SGC reports a 10% uplift in group revenues to $845 million (Q2 2017: $766 million). The Nasdaq-listed enterprise maintains its period revenue growth, …
Read More »‘Changing Times’… MGM Resorts secures historic NBA partnership
MGM Resorts International announces its second major partnership of the week, confirming that its has secured a ‘first of a kind’ sports betting arrangement with National Basketball Association (NBA). NBA Chief Commissioner Adam Silver and MGM Resorts President & CEO Jim Murren announced the partnership this afternoon in New York city. For the first time, the NBA will open its …
Read More »Playtech confirms the departure of Paul Hewitt as corporate advisor
FTSE250 gambling technology group Playtech Plc has confirmed the departure of Paul Hewitt as a corporate non-executive director. A veteran in corporate financing Hewitt joined the FTSE enterprise in 2015, advising Playtech governance and leadership on capital structures, large-scale growth planning and M&A strategies. Hewitt is set to join the board of UK consumer finance and insurance group Provident Financial …
Read More »Scientific Games secures Caesars NJ & MS sportsbook contracts
Nasdaq-listed industry technology group, Scientific Games Corporation (SGC) has confirmed that it will act as lead sportsbook provider for Caesars Entertainment properties in the states of New Jersey and Mississippi. The partnership will SGC launch its OpenBet sports betting systems across Caesars’ Atlantic City, Gulf Coast, and Tunica properties in July and August of 2018. SGC governance informs investors that …
Read More »GVC & MGM to create “one of a kind” platform for US expansion
As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …
Read More »Colombian trade body AsoJuegos appoints Dr Restrapo as new President
Colombian industry trade body, AsoJuegos has confirmed the appointment of Dr Juan Carlos Restrapo as its new Executive President. The former senator will represent the interest of Colombian industry stakeholders, both domestic and international within the nation’s newly reformed gambling framework. A seasoned political operator, Restrapo has formerly served as a 16-year representative for Colombia’s Cambio Radical (Economic liberal) party. AsoJuegos’s …
Read More »GVC Holdings to unveil ‘MGM Masterstroke’ next week
Sky News has this morning reported that FTSE-listed gambling group GVC Holdings is set to unveil it’s $/£ multi-million US strategic partnership with MGM Resorts International next week. According to city insiders, GVC governance is finalising plans on a long-term 50-50 joint venture with MGM Resorts, considered the US’ largest casino operator. Both parties will commit an initial $100 million …
Read More »Ascot attendees to get tipping advice courtesy of Racing Post
Attendees at one of Britain’s premier racecourses can now benefit from a wide variety of expert advice, courtesy of a fresh link-up between Racing Post B2B and Ascot Racecourse. Coinciding with the launch of Bet With Ascot, the racecourses pool betting operation in partnership with Totepool, Racing Post’s tipping expertise, in the form of bet prompts and predictors, can be …
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