Tag Archives: NASDAQ

All eyes on DraftKings April IPO call 

SBC News All eyes on DraftKings April IPO call 

Amid global COVID-19 disruptions, US analysts are monitoring DraftKings developments closely as the DFS and sportsbook operator pursues its 2020 agenda of listing on the US Nasdaq exchange this April. This morning, the firm published the following statement which read: “We are pleased that our registration statement was declared effective by the U.S. Securities and Exchange Commission this morning, which …

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Mike Ciavarella: No Tweaking… A rebuilt Newgioco is the real deal for US Wagering

SBC News Mike Ciavarella: No Tweaking… A rebuilt Newgioco is the real deal for US Wagering

Newgioco Group Chairman and CEO Michele (Mike) Ciavarella has led an eight-year project to launch the Italian legacy outfit in the US, seeking to be the best-prepared technology incumbent tackling the world’s biggest and most diverse sports market. Speaking to SBC, Ciavarella details that technology stakeholders will face a rude awakening if they simply ‘copy-paste’ European strategies to US market …

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Scientific Games secures $100m in Q2 2020 costs savings 

SBC News Scientific Games secures $100m in Q2 2020 costs savings 

Scientific Games Corporation (SGC) has outlined strong progress for its corporate contingency programme to navigate global COVID-19 headwinds, adding that it expects to secure ‘$100 million in cost savings during Q2 trading’. This morning, the Nasdaq technology group issued new guidance to investors on its COVID-19 contingency programme triggered on 31 March 2020.    Focusing on reducing workforce costs, SGC has …

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Scientific Games leadership commits to salary cut to navigate COVID-19 headwinds

SBC News Scientific Games leadership commits to salary cut to navigate COVID-19 headwinds

Barry Cottle, President and Group CEO of Scientific Games Corporation (SGC), has this morning issued a personal statement on the firm’s contingency planning and workforce actions to counter global COVID-19 impacts. Cottle has confirmed that SGC will implement a series of cost-savings measures seeking to secure long-term company jobs as it reduces workforce hours.  Drastic actions have seen the firm’s …

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Newgioco limits Italian retail presence amid COVID-19 chaos

SBC News Newgioco limits Italian retail presence amid COVID-19 chaos

Issuing a corporate filing, Nasdaq-listed US Italian betting group Newgioco has confirmed that it has temporarily closed 150 of its betting shops located throughout Italy. Newgioco stated that the shop closures were undertaken complying with the Italian government’s ‘public health decree’ sanctioned on 8 March, as the nation’s health and emergency networks combat the COVID-19 virus epidemic. A week of Italian COVID-19 …

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GiG lists SEK 400m bond on Stockholm Nasdaq

SBC News GiG lists SEK 400m bond on Stockholm Nasdaq

The governance of Stockholm-listed Gaming Innovation Group (GiG) has confirmed that it has secured the right to float a new SEK 400 million (€40m) bond placement with interest repayments due for  2022. Issuing a corporate filing, GiG governance details that it will begin trading its new bond arrangement on the Stockholm Nasdaq Exchange on 27 December 2019. GiG’s transaction has …

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Scientific Games completes $1.2 billion debt-note transaction

SBC News Scientific Games completes $1.2 billion debt-note transaction

Issuing a corporate filing, Nasdaq-listed technology group Scientific Games Corporation (SGC) has confirmed that its wholly-owned subsidiary unit ‘Scientific Games International Inc’ has completed its private debt-offering of $1.2 billion sanctioned at the start of November. A breakdown of the transaction sees Scientific Games debt-note comprised of two tranches set at $700 million of senior unsecured notes due for 2028, and $500 …

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Scientific Games pursues new $1.2 billion debt note placement

SBC News Scientific Games pursues new $1.2 billion debt note placement

Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has confirmed that subsidiary Scientific Games International intends to pursue a private bond placement targeting $1,200m in aggregate principal amount of senior unsecured notes due 2028 and senior unsecured notes due 2029 in a private offering. In the announcement, made today, the firm said it intends to use the net proceeds of the notes offering, together …

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SG Digital launches ‘next level’ scorecards Match HQ

SG Digital

Delivering new ‘player first engagements’ and dynamics across its sportsbook network, SG Digital – the interactive arm of Nasdaq-listed Scientific Games Corporation (SGC) – has launched new live score product ‘Match HQ’. Match HQ offers a diverse range of match tailored scoreboard cards for US and European sports audiences. It has been developed by SG Digital’s innovation studio Red7, offering sportsbook clients …

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Tabcorp adds new pari-mutuel dynamics with Longitude Nasdaq

SBC News Tabcorp adds new pari-mutuel dynamics with Longitude Nasdaq

Tabcorp Holdings has moved to strengthen its racing pari-mutuel provisions, launching the ‘merged pool’ betting services of racing technology developer Longitude, a wholly owned subsidiary of Nasdaq.  Led by an executive team of technology and racing veterans, Longitude seeks to disrupt traditional tote betting systems, offering racing customer broader market selections with deeper engagement. In its partnership with leading Australian …

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