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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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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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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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 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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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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After the Nevada Gaming Commission unanimously approved the deal last Thursday, Golden Entertainment is closing on a $850 million deal to purchase four new land based casinos. It’s anticipated that the acquisition of the Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, as well as the Aquarius Casino Resort in Laughlin, will double the revenue of …
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Having completed the final chapter of its two-year Caesars Entertainment Operating Company (CEOC) bankruptcy restructure, Caesars Entertainment Corporation (CEC) has appointed a new Board of Directors to lead its business. The high profile CEC board will be led by former Walt Disney and Ernest & Young leadership executive James S Hunt, who has extensive experience in corporate governance for leisure …
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Issuing a market update, Nasdaq-listed gambling technology supplier Scientific Games Corporation (SGC) continues its M&A expansion acquiring Las Vegas Blackjack ‘hole reader’ and games specialist Tech Art Inc for an undisclosed sum. Updating stakeholders, SGC governance detailed that the acquisition would boost the firm’s casino-based security provisions. Tech Art is a fully licensed casino equipment manufacturer for all US jurisdictions. …
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Golden Race has chosen Las Vegas, “the city of casinos par excellence”, as the place to introduce its new competition games to the sports betting and gaming industry. The virtual sports supplier, a Gold sponsor at the recent Betting on Sports conference, will be showcasing its new American Football and 3×3 Basketball products at next month’s Global Gaming Expo (G2E) …
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