Business
May 7, 2021
Penn 2021 First Quarter Results Point to Strong Recovery
Penn National Gaming revealed yesterday it generated in the first quarter of 2021 $1.27 billion of revenue driven by its online sports betting and iGaming businesses. 2019 Revenue Levels with Higher Trading Margin The increase of 14% compared to $1.16 billion posted in the first quarter of 2020 was more than enough for the gaming […]
Business
May 7, 2021
Is Poker Coming Back to Massachusetts Casinos Soon?
The Massachusetts Gaming Commission gradually lifts COVID-19-related restrictions. Although Governor Charlie Baker plans to lift all such restrictions until August 1, the MGC is yet to take action which may result in the return of poker games to Massachusetts casinos. MGC Gradually Relaxes COVID-19 Restrictions Poker fans from Massachusetts may need to wait some more […]
Business
May 7, 2021
Tabcorp Receives $4bn Offer by Apollo for Wagering Business
As Tabcorp continues with a review of its media and wagering business, Apollo Global Management has entered the bidding process, tabling a $4 billion offer. Apollo Joins the Race for Tabcorp’s Media and Wagering Assets Tabcorp’s (TAB) wagering and media business continues to be as tempting a prospect as ever, as Entain has already submitted […]
Business
May 6, 2021
Codere Founding Family Demands €900M from US Investors
The plot around Spanish gaming operator Codere thickened after a demand by the company’s founding family to have their minority stake be acquired by the firm’s US investors as compensation. Justifiable Compensation The Martinez Sampedro family appealed to the National Securities Market Commission in Spain to demand from the regulator to impose on the remaining […]
Business
May 6, 2021
Sportradar and Horizon Need More Time to Thrash $10B Deal
Negotiations between supplier of sports data and integrity solutions Sportradar and Horizon Acquisition Corp. II would need more time to complete according to a person familiar with the talks, Sportico reports. Negotiations Deepen, Possible Agreement within a Week Switzerland-based Sportradar and the special purpose acquisition company (SPAC) led by co-owner of the franchise from Major […]
Business
May 6, 2021
US Betting and Gambling TV Ads Hit $153.6M in Q1 2021, Says Nielsen
Online gambling advertising in local TV spot space in Q1 of 2021 skyrocketed to $153.6 million. According to a new report by Nielsen, gambling advertising grew significantly from the $10.7 million spent in 2019. FanDuel was the top advertiser who spent most on spot TV advertising in Q1 of 2021, followed by DraftKings and BetMGM. […]
Business
May 5, 2021
Aspire Global Achieved Q1 2021 Record High Revenue and EBITDA
Aspire Global released in a trading update today its 2021 first quarter report posting another quarter of record high revenue and earnings before interest, tax, depreciation and amortization (EBITDA). Quarter Figures The technology solutions provider for the iGaming industry picked up in 2021 right where it left in 2020, posting revenue of €48.1 million for […]
Business
May 5, 2021
Caesars Rebrands William Hill, Ready to Sell Non-US Assets
US casino giant Caesars Entertainment announced plans to significantly ramp up investment in the sports betting space and become a leading sportsbook operator nationwide. Having completed the $3.7 billion acquisition of UK-based sports betting company William Hill in late April, Caesars is now ready to offload its non-US assets. Sale Should Be Complete This Time […]
Business
May 5, 2021
Evolution Launches Full Games Suite in the UK with Entain Brands
Supplier of B2B Live Casino services Evolution announced in a press release today it went live in the UK via Ladbrokes and Coral, with the other Entain brands, Gala Casino and Gala Bingo set to follow suit. Evolution’s Full Breadth of Online Games The UK launch expands the current partnership in the online casino space […]
Business
May 5, 2021
FanDuel Gets Closer to Launching Fantasy Sports Gambling in Louisiana
A total of 55 parishes in Louisiana support sports wagering. While FanDuel is currently collaborating with the local authorities about the launch of its product, it is up to the lawmakers to give the green light. If Louisiana’s legislature approves the activity, it may be launched just in time for the start of the football […]