Tag Archives: new york

Winning Post: US stats show all the signs of being over-stretched

Having reviewed the monthly revenue stats of US wagering’s current ‘big-3’ states New Jersey, Pennsylvania and Michigan. Regulus Partners warns that bonus-inflated metrics are not an effective measure to gauge the total addressable market (TAM) of a disrupted US gambling marketplace… September marks a seasonal return of US sports as well as a Northern hemisphere seasonal uplift in igaming activity. …

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Strive Gaming unveils leadership team to execute US platform dominance

Strive Gaming has launched its commercial profile, aiming to establish its business as the leading supplier of fully customised igaming platforms for the burgeoning North American market. The ambitious start-up has named former Kambi Group Chief Commercial Officer Max Meltzer as its enterprise CEO, leading its mandate to deliver North American incumbents with the most scale effective operating systems meeting …

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Xtremepush secures $33m cash injection to drive expansion plans

Xtremepush

Xtremepush, the Irish-owned multi-channel customer engagement platform, will press on with its expansion plans in overseas markets after raising $33 million in growth capital. Xtremepush enables its global client base to drive revenue and enhance customer experiences through personalised, data-driven communications across all digital channels. The Dublin-headquartered SaaS company will double its workforce to 140 people in Ireland and overseas …

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Jason Ader: Mattingley must awaken Playtech’s US future 

Brian Mattingley’s appointment as the new company chairman of Playtech Plc has been welcomed by company investor Jason Ader and his asset management company SpringOwl. Though the appointment was branded as conservative in some quarters with Mattingley due to finish his 15-year CEO and Chairmanship tenure at 888 Holdings, Ader believes that Mattingley will play a critical role in Playtech’s …

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Genius Sports files IPO statement with SEC

Genius Sports Group has filed a ‘registration statement’ informing the US Securities and Exchange Commission (SEC) of its intention to merge with special purpose acquisition company (SPAC) ‘dMY Technology Group II’ (dMY II). The SEC filing has been registered by the newly created holding company of ‘Galileo NewCo Ltd’ (NewCo) and confirms the merger approval by both Genius and dMY …

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Winning Post: NY developments, counting problem gamblers and video gaming

Will sports betting come to the rescue for Ney York’s COVID-hit finances? Regulus Partners believes that Governor Andrew Cuomo has a tricky balancing act if he wants to boost coffers with deregulation. And why are regulators changing how they count problem gambling behaviour? US: sports betting regulation – Cuomo takes a bite? There has been a long history of gambling …

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Standard General notifies Sportech shareholders of rejected £54m bid  

New York hedge fund Standard General LLP has revealed that it has had a series of cash offers rejected by LSE-listed wagering and racing systems provider Sportech Plc.  The hedge fund said that its ‘latest cash offer’ of 28.5 pence per share, offering Sportech investors a 58% premium on the firm’s October LSE closing price of 18 pence per share, …

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Activists move on William Hill’s strong US prospects

New York ‘activist hedge fund’ HG Vora Capital has acquired a 5.1% stake in William Hill Plc for a reported £115 million, reigniting speculation over the FTSE250 betting group’s future options. The investment fund, led by former Goldman Sachs VP Parag Vora, holds a successful track record in gambling having previously held a 5% shareholding in Caesars Entertainment, prior to …

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Growth hungry Paysafe appoints Izzy Dawood as Group CFO

Paysafe Group has confirmed the inbound appointment of Ismail ‘Izzy’ Dawood as new Group CFO, who will join the firm’s executive leadership team on 28 September, replacing outgoing incumbent Peter Smith. A 25-year financial services executive, Dawood joins Paysafe from North American credit score software and systems provider Branch International where he formerly served as CFO from 2019 to 2020. …

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Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling

Jason Ader has stated that his company SpringOwl, an ‘independent sponsor and buyout firm’, is tracking all developments of a disrupted global gambling landscape as ‘the pandemic has opened the market’. Speaking to SBC, Ader stated that he is neither undeterred by talk of ‘doom-and-gloom’ nor swayed by easy rhetoric related to ‘business accelerations’. Instead, Ader recognises that global gambling …

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