Evolution Gaming Group AB has entered into an agreement to acquire Big Time Gaming for a total cash bid of up to €450 million. Identified as a ‘thought leader in online slots,’ the acquisition of Big Time Gaming will enable Evolution to take advantage of popular titles such as Bonanza and Extra Chilli as well as the Game Mechanic Megaways, …
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Positive Q4 trading has helped Inspired Gaming to recover its financial position against COVID-19 headwinds – yet the company maintains diligence of market-by-market developments impacting its commercial pipeline. Publishing its Q4 trading statement, Inspired revealed that ‘Peak October’ trading had seen the company register group revenues of $72 million – up 8% on corresponding Q4 2019 results of $66 million. …
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Scientific Games (SG) has reported improved year-end group trading against continued COVID-19 headwinds, impacting the performance of its global commercial pipeline. The Nasdaq gambling technology group has reported consolidated revenues of US$762 million during Q4 2020 – down 11.7% year-on-year but 8.4% higher than revenue of US$698 million recorded during Q3 trading. A breakdown of business units sees SciPlay, Digital …
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Scientific Games Corporation (SGC) has adopted new controls to protect the firm’s leadership structures should majority investor Ronald Perelman move to fully divest his shareholding in the Nasdaq-listed gambling technology group. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Issuing a SEC filing, SGC governance revealed that it had updated its …
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Newly Nasdaq-listed online gambling group Esports Entertainment Group has signed a ‘letter of intent’ (“LOI”) to acquire the competitive gaming live and digital events and tournaments organiser Esports Gaming League (EGL). This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. The UK-based esports company, founded in 2010, serves a rapidly expanding community …
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Further to publishing its 2020 interim statement this morning, Kambi Group has disclosed that it has reached a ‘mutual agreement’ regarding the phased conclusion of its US wagering partnership with DraftKings Inc. In 2018, Kambi secured its highest-profile US partnership win, becoming lead wagering systems provider for leading fantasy sports operator DraftKings, beginning its new venture in the nascent US …
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MacAndrews & Forbes, the investment fund of American billionaire Ronald Perelman, has filed an SEC note informing that it is exploring a full divestment of its shareholding in Scientific Games Corporation (SGC). The wholly-owned fund of finance tycoon Perelman has placed its 39% shareholding in SGC under review, but underlined that it has yet to determine a future outcome for …
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Scientific Games Corporation (SGC) has confirmed that it will upsize its previously announced senior unsecured debt note placement from $350 million to $550 million. The debt placement will be carried by SGC’s global operating unit Scientific Games International (SGI), priced at $550 million with an applied principal aggregate of 8.6% due for repayment in 2025. Net proceeds secured from the …
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Esports Entertainment Group has confirmed that it has begun onboarding new affiliate marketing partners on to its newly relaunched VIE.gg esports betting platform. The new affiliate partners will include esports teams, influencers, streamers, leagues, and super affiliates from Asia, Europe, North America and South America. “Our Affiliate partners are a very important part of our organic growth strategy in 2020 …
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Scientific Games (SGC) has booked a net loss of $155 million as part of its Q1 2020 trading update, citing that COVID-19 disruptions have impacted all business channels. Operating in unprecedented times, SGC has witnessed its land-based casino customers temporarily close their venues across all jurisdictions. Meanwhile, further COVID-19 disruptions have impacted the Nasdaq technology group’s commercial pipeline for SGC …
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