Business News and Headlines
Business
October 20, 2021
Entain Gives DraftKings More Time to Provide Definitive Offer
DraftKings has been busy this year, seeking out new acquisitions that would allow it to grow its online sportsbook and casino presence. None, however, was as big as the potential acquisition of Entain. It was initially expected that a final decision by DraftKings on whether it would seriously move forward with a purchase was coming […]
Business
October 19, 2021
DraftKings Expands Partnership with Filotimo Casino in NH
DraftKings entered New Hampshire back in 2019, and the company currently operates two retail venues in collaboration with Filotimo Casino. Now, the partnership between Filotimo Casino and DraftKings expanded, thanks to a new venue opening doors in Dover. Filotimo Casino Opens Third Location in New Hampshire DraftKings, the sports betting and daily fantasy leader, announced […]
Business
October 19, 2021
Fosun Sports Acquires Foyo, Receives PEAK6 Investment
Global pan-sports group Fosun Sports Group announced today the establishment of Fosun Sports as a holding entity, the acquisition of core operating assets and management team of Foyo across games, sports and esports, as well as a minor strategic investment received from PEAK6 Investments. Wolverhampton Wanderers FC A subsidiary of Fosun International, Fosun Sports started […]
Business
October 19, 2021
888 Holdings’ Trading Update Revealed Q3 2021 Growth
888 Holdings, a sports betting and online gaming group operating out of Gibraltar, released today its trading update for the third quarter of 2021, posting growth in revenue. Strategic Progress Reporting on a busy quarter, 888 Holdings saw its group revenue in the three months ended September 30, 2021 rise by 7% compared to the […]
Business
October 19, 2021
New Jersey Tops $1 Billion in Sports Betting Handle in September
New Jersey has finally broken the ten-figure barrier, as its September sports betting handle topped $1 billion. According to the New Jersey Division of Gaming Enforcement, the total of $1.01 billion handle represents close to a 50.6% increase of August’s handle. Most of the Handle Came from Online Sports Betting New Jersey’s handle is the […]
Business
October 19, 2021
Bet365 Joins San Antonio Spurs to Deliver F2P Game
NBA franchise San Antonio Spurs has revealed a new partnership with global betting operator bet365. Through that partnership, the pair will launch “Call Your Shot,” a new F2P game available to fans in which they can enjoy exclusive prizes and experiences, the team confirmed in a press release. Building up Fan Engagement and Brand Recognition […]
Business
October 19, 2021
Sony Pictures Sells Social Gaming Platform GSN Games to Scopely
Social gaming is big business. Just ask Sony Pictures Entertainment (SPE), which has entered an agreement to sell its GSN Games division to Scopely. By the time the ink is dry on the sales contract, Sony will have completed a transaction worth $1 billion in cash and equity. GSN Games Purchased by Scopely Scopely, a […]
Business
October 19, 2021
Disney Could Be Looking at Spinning Off ESPN
Disney has been one of the key opponents of legalizing sports betting in states like Florida, arguing that the Sunshine State is a place for family and friends. Over the years, not even Disney has been able to resist the pull of interactive wagering that washed over the US and has so far had over […]
Business
October 18, 2021
Online, Mobile and Retail Sports Betting Coming to Red Rock Resorts
Red Rock Resorts, the parent company of Station Casinos, is about to receive a massive upgrade to its services, as GAN agreed to provide this operator with mobile, retail and online sports betting services. All of its casinos across Nevada will be able to provide its customers with the said solutions. With this arrangement, the […]
Business
October 18, 2021
BGO Entertainment’s License Suspended by the UKGC
BGO Entertainment is experiencing massive problems as the UK Gambling Commission (UKGC) has decided to suspend its license. The regulator determined that the gaming company is not capable of carrying all of the licensed activities. The UKGC released a statement in which it says that, in accordance with the Gambling Act of 2005, Section 116, […]