Tag Archives: new york

Paddy Power prices up Sean Hannity’s FOXhole

Paddy Power Politics has priced ‘4/1 that Sean Hannity will leave his post as a Fox News political commentator in 2018’. The bookmaker opens its new ‘Trump betting’ market, following this week’s New York court disclosure that Hannity was a client of Michael Cohen, President Trump’s personal lawyer who is currently under criminal investigation by federal prosecutors. The Host of ‘Hannity’, …

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AGA speaks out on illegal US sports betting industry

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The American Gaming Association (AGA) has estimated that in excess of $10bn will be wagered by Americans in the upcoming 2018 NCAA men’s basketball tournament. Of that figure, however, only $300m, representing around 3 percent, will be wagered legally through Nevada sportsbooks, with it stated that “failed federal prohibition [is] making common criminals of millions of Americans.” In addition, it …

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Vantiv & Worldpay combine to form Trillion Dollar Baby

The global payments sector is set to be shaken up, as the UK High Court has allowed New York-listed payment processor Vantiv to combine with FTSE100 payments group Worldpay Plc. Last August, leading US payment systems provider Vantiv put forward a £9.3 billion offer to merge with Worldpay, seeking to form the outright leader in servicing global payments for in-store …

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Change of Scene…Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

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IGT write down of North America Interactive unit sees Q3 operating losses of $550m

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

Foreign exchange losses combined with a write-down impairment charge of $714 million has seen New York-listed gambling firm IGT Group Plc declare Q3 2017 net losses of $804 million. Publishing its Q3 2017 trading update (period ending 30 September), IGT disclosed a period group operating loss of $556 million, primarily attributed to its $714 million write-down charge of its ‘North …

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G4 awards IGT first ever ‘Responsible Gaming Certification’

US - Copyright: stillfx / 123RF Stock Photo

International Game Technology (IGT) has become the first gaming supplier to be the recipient of Global Gambling Guidance Group’s (G4) Responsible Gaming Certification. The New York listed gambling technology supplier received the accreditation for its land based casino and lottery segments. Renato Ascoli, IGT CEO, North America Gaming and Interactive, commented:  “IGT partners with gaming operators around the world to …

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IGT & Scientific Games enter North America games cross-licensing agreement

Industry technology providers’ IGT Group and Scientific Games have informed the market that they have signed a ‘landmark patent cross-licensing agreement’. Updating stakeholders, IGT and Scientific Games detail that moving forward each company will have access to each other’s slot portfolio for the North American market. Fierce rivals within the land-based gambling systems and lottery terminals sectors, it appears that …

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Currency impacts effect ‘debt focused’ IGT Group’s Q2 2017 performance

Presenting its Q2 2017 trading update (period ending 30 June), New York-listed international lottery and gambling systems provider IGT Group Plc, has detailed that currency impacts have affected group wide metrics. Updating the market, IGT would declare period group ‘consolidated’ revenues of $1.2 billion down 5% on corresponding Q2 2016’s $1.285 billion.   The company detailed that the decline was …

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Vegas portfolio gains see Boyd Gaming confident of hitting 2017 targets

New York-listed US Casino group Boyd Gaming Plc (Boyd) is confident of hitting its 2017 full-year corporate targets and expectations, following its best ‘quarter results’ in nearly ten years. Updating investors of Q2 2017 results (period ending 30 June), Boyd reported a 10% uplift in group new revenues to $599 million (Q2 2016: $544 million). Driven by enterprise growth across …

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