The Star Entertainment Group Ltd remains at risk despite international efforts to save the Australian gambling firm. In its delayed H125 (31 December 2024) financial statement – which was supposed to come out on 28 February but was postponed amid financial struggles – the company reported a net deficit of AU$302m (£145m) over the last six months of that year. …
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The board of Bally’s Corporation has notified investors that it has reached definitive terms for the NYSE gambling group to be acquired by Standard General LP. As announced, Bally’s board has endorsed an $18.25 cash per share offer proposed by Standard General LP, the New York private equity fund and Bally’s biggest investor, maintaining circa 26% of the firm’s …
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Kambi has announced a sportsbook partnership with US casino and entertainment company Bally’s Corporation. The long-term deal sees the sports betting platform provider enhance Bally’s online and retail sportsbooks via the provision of its solution to deliver online and retail sports betting entertainment to Bally’s customer base. Kristian Nylén, Kambi CEO and Co-Founder, stated: “We are pleased to enter into …
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Igaming software developer Swintt has appointed David Mann to head the company as CEO, stepping up from his current position as Chief Commercial Officer (CCO). Mann will replace David Flynn, who is taking a step back from Swintt to focus on his responsibilities as CEO of Malta-based parent company Glitnor Group, but he will retain a position on the board. …
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Sports betting’s growth into a mainstream entertainment product and the industry’s increasingly close relationship with the worlds of professional sports, broadcast and online media, and entertainment are set to be the central theme of SBC Summit North America 2022. The largest conference and tradeshow for the sports betting and igaming industry in the U.S. and Canada returns to Meadowlands Exposition Center in Secaucus, …
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Bally’s Corporation continues its digital makeover announcing that it has agreed to acquire Manchester-based igaming innovation studio Degree 53, to help build-up its UX, design and technical capabilities. Founded in 2013 by engineer Andrew Daniels, Degree 53 is a specialist agency in software, UX and app development for igaming and sports betting operators. Degree 53 clients include Betfred, Scientific Games, …
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As the US sports betting industry continues to expand state-by-state, many operators are becoming increasingly drawn towards the prospect of public listings, a goal which SPACs can still play a key role in achieving, according to a panel of industry experts at the SBC Digital North America event. Moderated by Anton Kaszubowski, Director at Greenlaw Limited, the speakers on the …
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