Tag Archives: openbet

Jeff Cleminson leaves SG Digital to join Optimove

Cleminson

Jeff Cleminson, a long-term senior director at SG Digital, has been confirmed as the new Director of Client Management at Optimove. The hire, said Optimove, is “indicative of its strategic investment in existing clients as a key growth engine for the business”. In his new role, Cleminson will oversee all commercial relationships with Optimove’s gaming customers in Europe, Latin America …

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OpenBet cites ‘unbeatable performance’ at 2021 Melbourne Cup

Sports betting technology company OpenBet enjoyed a strong performance at this year’s Melbourne Cup, processing an average of 65,000 vets per minute on its platform. Describing its scalable platform technology as ‘pivotal’ in handling the betting activity ahead of the race, one of the most popular horse racing fixtures in the Australian sport, OpenBet provided its services to notable operators …

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Investment firms reportedly circling Scientific Games’ lottery unit

Two international investment firms are reportedly interested in acquiring Scientific Games Corporation’s (SGC) lottery divisions, according to Bloomberg. Citing ‘people familiar with the matter’, the outlet reported that Brookfield Asset Management Inc.’s private equity arm and Apollo Global Management Inc are interested in purchasing the Nasdaq-registered igaming provider’s lottery unit. SGC disclosed that it would pursue a ‘strategic divestment’ of …

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Netherlands Lottery goes live with SG’s OpenGaming and OpenBet offerings

Netherlands Lottery goes live with SG’s OpenGaming and OpenBet offerings

Scientific Games has made its OpenGaming platform and OpenBet technology available across the Dutch market after launching with the Netherlands Lottery (NLO). Through the extension of its current partnership with the NLO, Scientific Games has optimised its sports betting and iGaming technology to meet the requirements of the newly-regulated European market, which officially opened on 1 October 2021. Andy Stubley, …

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Hollywood giant Endeavor joins US wagering ranks acquiring Openbet for $1.2bn

Scientific Games Corporation has confirmed that its Openbet subsidiary will be sold to Hollywood based sports and entertainment group Endeavor Holdings for a total consideration of $1.2 billion (€1.05bn). Reaching definitive terms, Endeavor – the investment fund of US entertainment moguls Ariel Emanuel (CEO) and Patrick Whitesell (Chairman) – will pay $1 billion cash and $200 million in Endeavor NYSE …

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Former F1 team manager Eddie Jordan to lead $1bn bid for OpenBet

Eddie Jordan, the Irish businessman who made his name in Formula One management and analysis, is leading a $1 billion bid for Scientific Games’ OpenBet sports betting division, according to The Currency. The planned takeover was reportedly confirmed by former Australian Formula One racing driver Mark Webber in an Instagram post, describing the development as ‘a mega acquisition in gaming’. …

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City examines vital interims as gambling faces sweeping judgement calls  

From London to Wall Street, the interim results of global gambling’s listed incumbents will be probed as the industry faces systemic changes inbound during the second-half year trading. Though the finely balanced outcome of the UEFA Euro 2020 Championships will impact incumbents bottom lines – city analysts will be focused on evaluating which companies are best equipped to thrive in …

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Scientific Games reviews ASX options to trim debt 

Scientific Games Corporation (SGC) is reportedly reviewing strategic options to list its business on the Australian Securities Exchange (ASX).  The Australian Financial Review (AFR) has reported that SGC has recruited Sydney-based investment bank Jarden Australia to draft the company’s pathway towards listing on the ASX. An ASX-listing is detailed as one option to address SGC’s long-term debt reduction, which currently …

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Scientific Games ranks as Greece’s top tech workplace

Scientific Games has been recognised as Greece’s best technology workplace, having ranked fifth on the ‘Hellas – Great Place to Work’ corporate employment index.  The Nasdaq technology group jumped-up two spots on the Hellas 2021 employment index, registering as Greek tech’s highest-ranking incumbent. The ‘Great Place to Work’ index is published annually by the Hellas business institute, recognising the companies …

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Royal Ascot generates ‘record number of transactions’ for SG’s OpenSports

Despite this year’s Royal Ascot taking place behind closed doors, Scientific Games reported a ‘record breaking’ number of account transactions across its OpenSports platform on the first day of the meeting. The sports betting technology provider recorded a 44% increase in the volume of bets placed on the opening day of the event when compared to last year. Meanwhile, there …

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