Business
March 1, 2021
IGT and SG Create Joint Pool of Cashless Solution Patents
Gaming solutions supplier International Game Technology (IGT) announced today it entered into a cross-licensing agreement for patents related to cashless slot gaming solutions with another gaming technology company, Scientific Games (SG). Tap into Each Other’s Cashless Portfolios The cross-licensing agreement between IGT and SG combines both companies’ portfolios related to casino management solution systems in […]
Business
March 1, 2021
SoftSwiss Celebrates Entry Into Nigerian Market
SoftSwiss is preparing to launch operations in Nigeria. This is the company’s first foray into the booming African gambling market SoftSwiss Successfully Enters Nigerian Gambling Market Gambling software developer SoftSwiss has received a license to supply its innovative gaming and sportsbook solutions in Nigeria. This is the company’s first foray into the African gambling market. According to SoftSwiss, the […]
Business
March 1, 2021
Entain Increases Bid for Obtaining Enlabs at SEK53 per Share
Following its offer of SEK40 per share in January, Entain confirmed today it increases the bid for Enlabs to SEK53 per share. After the Initial Offer of SEK40, Now Enlabs Valued at £316 Million Resolving to acquire Enlabs, Entain has now increased its bid to SEK53 per share, valuing Enlabs at £316 million. Enlabs’ key shareholders […]
Business
March 1, 2021
Wynn Resorts to Open $3.5m Studio with Blue Wire in Las Vegas
Wynn Resorts is going to invest $3.5 million in Blue Wire to develop a dedicated studio at the Wynn Resorts in Las Vegas. Dedicated Sports Broadcasts Soon to Come out of Wynn Las Vegas Wynn Resorts Ltd. will pony up $3.5 million to invest in Blue Wire, a sports podcasting platform based in San Francisco. The company will […]
Business
February 28, 2021
DraftKings CEO Weighs in on Trading vs Gambling Argument
DraftKings CEO Johnson Robins has discussed the potential of mobile betting, the Robinhood saga, and pent-up demand for sports with CNBC’s Power Launch host. Robins Says Trading and Gambling Are Different Products Last week, DraftKings CEO Johnson Robins spoke to CNBC’s Power Lunch and discussed whether the recent trading saga with GameStop has made more […]
Business
February 28, 2021
SEC Puts Trading in 15 Stocks on Hold for Fears of Speculation
Trading in 15 more stocks was suspended on Friday as SEC fears that social chatter and speculation are driving perilous market conditions. SEC Targets 15 Stocks Driven by Social Media Frenzy The Securities and Exchange Commission (SEC) has gone after stocks it has deemed too unpromising to merit the social media frenzy that has been […]
Business
February 26, 2021
DraftKings Reports Increased Q4 and 2020 Revenue
DraftKings revealed Friday its financial results for Q4 and 2020, with a strong revenue growth reported due to an increased interest in sports betting. Deals, Customer Acquisition, and a Busier Sporting Schedule DraftKings presented today its financial results for 2020 and Q4, with its yearly revenue up 49% compared to 2019. The strong rise in […]
Business
February 26, 2021
Caesars Entertainment Sees Net revenues Increase 37.4% to $3.5Bn in 2020
For the full year ended December 31, 2020, Caesars Entertainment reported net revenues of $3.5 billion and a net loss of $1.8 billion on a GAAP basis. CEO Tom Reeg With Positive Outlook for Las Vegas On February 25, Caesars Entertainment posted its operating results for the fourth quarter and year ended December 31, 2020. […]
Business
February 26, 2021
Bhotesh Maheshwari Steps in as Pragmatic VP of Strategy and Operations
Former Rank Digital Head of Gaming Product, Bhotesh Maheshwari, becomes the new Commercial Strategy and Operations Vice President of Pragmatic Play, a leading iGaming provider. Pragmatic Play Is on Its Way to Achieve Its Expansion Plans As Pragmatic Play looks forward into the future and seeks to become one of the top suppliers in the industry’s regulated […]
Business
February 25, 2021
Murren’s Acies Acquisition II Targets Entertainment Business
Acies Acquisition II, the second special purpose acquisition company (SPAC) set up by the trio of Jim Murren, Daniel Fetters and Edward King, filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC) Tuesday. SPAC Looking to Raise Money via IPO Acies Acquisition II is looking to raise up to $250 […]