Tag Archives: new york

Ader’s Springowl returns to gambling eyeing major changes at Playtech Plc

Renowned US activist investor Jason Ader has returned to the gambling scene, securing a reported $100 million stake in FTSE250 gambling technology group Playtech Plc. Ader’s ‘Springowl’ hedge fund is a specialist in activist investments, targeting underperforming listed enterprises and applying pressure on corporate governance to undertake major structural changes. The Times reports that Springowl is pressuring Playtech governance to …

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‘Changing Times’… MGM Resorts secures historic NBA partnership

MGM Resorts International announces its second major partnership of the week, confirming that its has secured a ‘first of a kind’ sports betting arrangement with National Basketball Association (NBA). NBA Chief Commissioner Adam Silver and MGM Resorts President & CEO Jim Murren announced the partnership this afternoon in New York city. For the first time, the NBA will open its …

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Kambi hails World Cup and SCOTUS in latest interim report

Sports betting technology and software supplier Kambi Group Plc has reported a strong financial performance in the group’s Q2 2018 interim report. Year-on-year revenues have shown a 25 per cent growth for the second quarter of 2018, reaching €17.6m (15.65m) from the previous years €14.1m (£12.54m), aiding a 20 per cent H1 jump from €28.3m (£25.1m) to €34m (£30.2m). Addressing …

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Sky Sports Racing extends US Triple Crown commitments

Copyright: wolterk / 123RF Stock Photo

Sky Sports Racing has moved to extend its broadcasting rights with US horseracing, after signing a new multi-year deal with NBCUniversal. Holding exclusive rights to the Kentucky Derby, “the oldest continuously held major sporting event in North America,” which will air live in the UK and Ireland, a separate long term deal has also been extended. This sees Sky Sports …

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Marco Sala – Sustainability is best way forward for IGT Group

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

Marco Sala Group Chief Executive of International Game Technology Plc (IGT Group) has pledged that his company will continue to push for industry social responsibility, sustainability and diverse citizenship as core corporate dynamics. This week, the New York-listed enterprise published its eleventh ‘Annual Sustainability Report’. The independently audited report details IGT’s ongoing corporate mandate to create long-term value for all …

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Kambi and Rush Street Interactive reach sportsbook agreement

Copyright: wavebreakmediamicro / 123RF Stock Photo

Kambi has signed a multi-year deal to provide its sportsbook and innovative technology to Rush Street Interactive, following the decision by the United States Supreme Court to fully repeal the country’s federal sports betting ban. Launching within selected states where permitted, the deal covers the provision of online and retail services, in addition to stretching to markets outside of the …

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Global agenda sees Perform Group appoint John Skipper as new Chairman

Sports data, content and media services provider Perform Group has today announced the appointment of John Skipper as new Group Executive Chairman. Skipper the former President of US sports broadcaster ESPN, will lead Perform Group’s governance initiatives, reporting directly to private equity owner Len Blavatnik’s Access Industries. Confirming its new chairmanship, Perform stated that Skipper’s appointment reflected the firm’s corporate …

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