Tag Archives: las vegas

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, …

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The great PASPA repeal: America braces itself for the biggest Brit invasion since the 1960s

PASPA - Copyright: motionworksfilmstudio / 123RF Stock Photo

Richard Thorp, Business Development Director at FSB, unpacks how US operators can stave off the transatlantic assault of Britain’s best bookmakers if they choose their suppliers wisely for sports betting’s grandest repeal. When Oscar Wilde wrote that Britain and the United States were two countries separated by a common language, he probably didn’t envisage sports betting getting in the way …

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Positive opening momentum sees William Hill look forward to Russia 2018

FTSE bookmaker William Hill Plc has detailed a positive opening to its 2018 trading, as the firm continues its digital recovery, while restructuring its operations. Issuing an unaudited trading statement for the 17-week period to 24 April 2018, William Hill details +3% gain in group revenues, driven by strong ‘Online and US performances’ which offset UK Retail declines. The bookmaker …

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Bricks vs Clicks: Why the gaming industry should never be divided

Gaming industry - Copyright: donyanedomam / 123RF Stock Photo

Gaming market expert Ismail Vali has produced a short film about why the gaming industry should never be divided by Bricks vs Clicks. Upon releasing the film (see below or click here), Vali was asked about the trip that gave him the betting business bug, how online promotions have evolved by replicating a land-based focus on what he terms “The …

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IGT licence deal expands Novomatic’s creative capacity

International Game Technology (IGT), holder of the largest slot game feature patent portfolio in North America, has signed a patent cross-license agreement with the NOVOMATIC Group; a full-service provider in all segments of the gaming industry. Under the terms of the agreement, the NOVOMATIC Group can offer games including patented game features from the IGT portfolio and will pay ongoing …

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Daniel Kustelski – Chalkline Sports: The full potential of the US market

With the growth of the US sports betting space becoming a more realistic possibility, operators are left questioning the best methods to fully unlock the potential of the US market. Speaking to SBC the Co-founder and CEO of Chalkline Sports, Daniel Kustelski analysed the US market and what is likely to be the most efficient approach for operators as they enter …

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Scientific Games completes $ & € debt financing round

Updating the market, Nasdaq-listed gambling technology group Scientific Games Corporation (SGC), has confirmed the successful conclusion of its + $1 billion debt notes sale to private investors. The Nasdaq corporation first announced its $ and € debt sale on 30 January, seeking to restructure its long-term corporate financing. Completing the debt transactions, SGC governance secures the following financing structure: Tranche …

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GAN and SBTECH form strategic US partnership

Updating the market, B2B gambling enterprise turnkey systems provider GAN has confirmed that it has entered a strategic US services partnership with betting platform and software supplier SBTECH.  The partnership will see SBTECH’s sports betting provisions integrated within GAN’s enterprise platform software ‘GameSTACK’. Moving forward, GAN management will be able to offer sports betting services to ‘select partners’ of its …

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Crown Resorts agrees to CrownBet sale

Copyright: amasterpics123 / 123RF Stock Photo

Crown resorts has announced an agreement to sell its stake in CrownBet, as part of the company’s ongoing debt reduction strategy. The Australian gaming and entertainment group is to recoup AU$150m for its 62% interest in CrownBet, together with loans advanced by it to CrownBet. In a statement released to the Australian Securities Exchange (ASX), it was detailed that a …

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Expert Focus – All on the line in New Jersey’s battle of PASPA

Copyright : feverpitched / 123RF Stock Photo

All eyes are set to fall on the USA today, as the Supreme Court of the United States (SCOTUS) hears oral arguments from New Jersey officials regarding the constitutionality of the Professional and Amateur Sports Protection Act (PASPA). With a distinct focus on New Jersey’s bid to offer licensed sports betting, the state has already faced seven losses in federal …

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