Business
June 10, 2021
SEC Chair Warns Markets Change in Trading Rules Is Coming
Equity trading in the US is likely to undergo a major overhaul after a regulatory call for a broad review of stock trading rules is questioning legal mandates related to brokers, an article in Bloomberg speculates. Payments for Order Flow Staff at US Securities and Exchange Commission (SEC) was tasked to examine brokers’ requirements for […]
Business
June 10, 2021
BetMGM Named Official Gaming Partner of Professional Fighters League
BetMGM has been named as the “Authorized Gaming Operator” of the Professional Fighters League (PFL). The partnership will give MGM Resorts International and joint venture partner Entain access to PFL promotions, VIP events, and the use of the PFL logos and marks. Officially commencing from June 10, BetMGM customers will have the opportunity to wager on […]
Business
June 9, 2021
Sportradar’s $10B SPAC Merger Collapsing, IPO Option Remains
Sports data supplier Sportradar is pulling out of the proposed merger with Horizon Acquisition Corp. II and is looking for a traditional initial public offering (IPO), Sportico reports based on people familiar with the matter. Going Public via IPO The $10 billion business combination between the Swiss-based sports data provider and the special purpose acquisition […]
Business
June 9, 2021
MGM Hires Tilak Mandadi as Chief of Strategy, Innovation and Technology
Tilak Mandadi, an industry veteran who worked for Disney and American Express is joining MGM Resorts. In his new position, as of July 6, he will serve as chief of strategy, innovation, and technology. Tilak Mandadi to Join MGM in July MGM Resorts International announced on Tuesday that it hired the services of Tilak Mandadi. […]
Business
June 9, 2021
Caesars Entertainment to Possibly Raise Room Rates, Shift Focus as It Seeks Further Expansion
A lot of changes are coming to Caesars Entertainment this year, and some, if implemented, may not be welcomed by guests. The casino operator reportedly just met with Deutsche Bank analysts to get a different perspective on its short- and long-term movements, and the results, according to CDC Gaming Reports, might lead the company in […]
Business
June 9, 2021
Genius Sports and Shareholders Offer for Sale 20 Million Shares
Sports betting company Genius Sports announced it launched an underwritten public offering of the company’s common stock to the amount of 20 million shares. Registration with the SEC Filed, Not Effective Yet The public offering for which Genius Sports filed a registration statement and a preliminary prospectus with the US Securities and Exchange Commission (SEC) […]
Business
June 8, 2021
Betmotion Boosts Player Experience via Jada Gaming Deal
Betmotion, a leading gambling website in the Latin American region, announced Monday it entered into a partnership deal with data and analytics AI specialist Jada Gaming. “Betmotion is always looking to enhance its offering to maintain our strong market position and Jada’s solution takes our service to the next level.” Luis Traversa, Chief Operations Officer, […]
Business
June 7, 2021
Sportech Board Proposes Main Market LSE Delisting, AIM Admission
Betting technology business Sportech announced a proposal from its Board of Directors involving the de-listing of the company’s shares from the Main Market of London Stock Exchange (LSE) and enlisting them to trade on AIM. AIM More Suitable to Sportech The Board of Directors’ proposal also involves the company’s ordinary shares of 20 pence each […]
Business
June 5, 2021
Vbet Gets License for Operating Casino and Poker in Ukraine
BetConstruct’s business-to-consumer brand Vbet has been approved by the Ukrainian gambling and lottery regulator KRAIL for a license for operating online casinos and poker in the country. With permission from KRAIL, Vbet will become Ukraine’s very first official online poker room. Ukraine outlawed gambling in 2009 before finally legalizing it once more in 2020. An ecosystem will now have to be established anew. Vbet […]
Business
June 4, 2021
Playmaker Capital Goes Public, Taps Jake Cassaday as COO
Jake Cassaday has joined the newly-listed Playmaker Capital as the company’s COO and is ready to support it on its mission of becoming a global leader in sports media, adding value for sports franchises, leagues, and betting companies. Playmaker Goes Public, Jake Cassaday Steps In Trading of Playmaker Capital’s common stock (PMKR) has started on […]