Playtech Plc has notified investors that it has agreed to purchase ‘a low, single-digit percentage stake in Hard Rock Digital (HRD)’ – the online gambling subsidiary of US entertainment and leisure group Hard Rock International (HRI). The investment will amount to $85m (€80m), and will be used to fund HRD’s global expansion plans to the benefit of Playtech’s commercial pipeline …
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A filing placed with Spain’s CNMV capital markets commission has revealed that Codere SA has secured terms on two corporate credit lines, obtaining approximately €36 million in working capital to help the Bolsa Madrid gambling group maintain its Mexico and Uruguay business subsidiaries. The transaction sees Codere governance expand the volume of its existing €90 million revolving credit facility, of …
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Stockholm listed Gaming Innovation Group (GiG) has strengthened its position in the US with the launch of its ‘mobile friendly online sportsbook’ in Iowa. The sportsbook will be launched for its partner Hard Rock International, and will support the existing over-the-counter solution on the casino floor at the Hard Rock Hotel & Casino Sioux City. At the time of signing …
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Online gambling firm Gaming Innovation Group (GiG) has launched its new sportsbook, Guts, which will see the brand reposition itself as a ‘sportsbook first’ operator. New and existing users for the in-house brand’s sportsbook will be able to access an improved UI/UX, fast navigation as well as access to a mobile-focused platform. As part of the new launch, GiG has …
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Spanish business news source El Confidencial reports that the governance of Grupo Codere SA has sanctioned investment bank Credit Suisse to lead its corporate refinancing, as the Bolsa Madrid gambling group reviews its South American options. The Swiss multinational bank is reported to have been given a two-fold mandate by Codere governance, being ordered to raise capital for new expansion …
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Gaming Innovation Group (GiG) and Hard Rock International have expanded their existing digital services partnership, moving to add a new omni-channel sportsbook product to its existing online casino platform. First announced in June 2018, Hard Rock selected European online gambling technology group GiG as its lead digital services partner, charged with delivering an online casino platform for its regulated state …
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Betting on Sports Week will present no fewer than 250 thought leaders, innovators and decision makers gathered from the sports betting, esports, casino, affiliates, media and sports sectors. The speakers will all play an integral role in making this year’s Betting on Sports conference the biggest and best on record, with the event taking place from 18-21 September at London’s …
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Updating the market Oslo-listed online gambling operator Gaming Innovation Group (GiG), has announced that it has formed a strategic partnership with US leisure and gaming group Hard Rock International. The partnership will see GIG deliver platform and front-end development provisions, for the launch of Hard Rock International first US online casino venture. Working on delivering the strategic partnership since October …
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