Business
September 30, 2021
Playtech Confirms Finalto $250M Sale to Gopher
Playtech has confirmed that it is divesting its financial trading division Finalto through a definitive agreement between Gopher Investments and the company. Gopher Investments should acquire the division for the sum total of $250 million in cash and the deal now enjoys the full approval of Playtech’s board, citing shareholder interest and the company’s general […]
Business
September 30, 2021
Scientific Games Boosts Production Capacities with Leeds Center
Scientific Games Corporation has revealed its latest brick-and-mortar manufacturing center based in Leeds, the United Kingdom. The production facility will support the UK National Lottery as well as provide equipment and product for 50 other lotteries in Europe and across the world. Boosting Local Economy and Production in UK and Beyond The new facility will […]
Business
September 29, 2021
DraftKings and the Pequots Announce Sportsbook Launch
US sports betting operator DraftKings and its tribal partner, the Mashantucket Pequot Tribal Nation, announced today their partnership would launch retail sports betting at Foxwoods Resort Casino in Connecticut starting tomorrow, September 30, 2021. DraftKings Sportsbook Opens Tomorrow The launch will see the temporary DraftKings Sportsbook located at the Ultimate Race Book in Rainmaker Casino, […]
Business
September 29, 2021
Entain Converts UK and Italian Betting Shops into Digital Hubs
Global sports betting and gaming group Entain announced today a new initiative across its retail business that will see a number of betting shops in key locations in the UK and Italy redesigned. New-Style Digital Hubs The complete makeover of Entain’s retail shops will commence from its outlets across the Ladbrokes, Coral and Eurobet brands […]
Business
September 29, 2021
Redbet to Cease Operations in the UK from October 27
Redbet has announced that it would be pulling out of the United Kingdom market by October 27 with bonusing, withdrawals and pending bets receiving a grace period to be finalized. The company, which is operated under William Hill’s, and by extension, 888 Holdings’, network broke the news on its website, informing users that it would […]
Business
September 29, 2021
LaLiga Tech Launches and Scores Two Inaugural Deals
Professional Spanish football league LaLiga has finally launched its B2B solution on the market after six years of development. Named LaLiga Tech, it will provide products that improve fan and bettor engagement. LaLiga Tech Enters the Market LaLiga Tech will work based on three pillars: fan engagement, content enhancement, and competition management. Those products will […]
Business
September 29, 2021
Sands China Redeems $1.8 Billion in Senior Notes Two Years Early
Sands China has completed an exercise that allows it to reduce the weight of its leveraged debt. The Asian arm of casino operator Las Vegas Sands submitted a filing to the Hong Kong Stock Exchange (HKSE) yesterday, explaining that it had redeemed $1.8 billion in senior notes. The move comes on the heels of another […]
Business
September 28, 2021
Endeavor Reinforces Sports Betting Offering with OpenBet Acquisition
Global sports and entertainment firm Endeavor Group Holdings is moving in on OpenBet, a leading content platform and service provider for the sports betting industry owned by Scientific Games Corporation. Endeavor and SG have come to an agreement for the sale of the platform that will now be transferred to the former for the amount total of $1.2 billion. […]
Business
September 24, 2021
XLMedia Acquires Blue Claw Media in All-Cash $2.5M Deal
Leading global digital performance publisher XLMedia continues its shopping spree, this time acquiring Blue Claw Media, a marketing agency operating out of Leeds, UK, for a total consideration of up to £1.8 million ($2.5 million). Cash-Only Transaction The acquisition deal for Blue Claw Media follows more than a year of collaboration between XLMedia and the […]
Business
September 23, 2021
Playtech Posts H1 Profit despite Retail Closures Impact
Gambling software provider Playtech released today its report for the six months ended June 30, 2021, outlining the importance of US as the company’s main driver for growth. Summary of Financials Revenue for the first six months of 2021 was €457.4 million ($563.5 million), down 4% compared to the €476.7 million ($559.2 million) reported in […]