Business
February 1, 2021
Tilman Fertitta’s Golden Nugget/Landry’s Goes Public via SPAC
Fertitta Entertainment, the parent company of Golden Nugget/Landry’s casino and restaurant businesses, is going back to the public via a merger with a special purpose acquisition company (SPAC), Fast Acquisition. SPAC Route More Effective The $6.6 billion merger deal with the SPAC will allow the sole owner of Fertitta Entertainment, Tilman Fertitta, to retain 60% […]
Business
February 1, 2021
Flutter Names Greg McCaw Group Director of Inclusion and Diversity
Flutter Entertainment announced today that it appointed Greg McCaw as group director of Inclusion and Diversity. In his new position, Mr. McCaw would be helping the company develop and execute an inclusion and diversity strategy. Flutter Entertainment Appoints Group Director of Inclusion and Diversity Leading sports betting and gaming group, Flutter Entertainment announced today that […]
Business
January 31, 2021
Gambling with Stocks Will Ultimately Lead to Painful Losses
Gambling in stock trading is dangerous, an article in Bloomberg implies, analyzing the latest events around market price movements of GameStop shares. The Rebel of the Ants Provided with easy access to stock day trading from the Robin Hood platform, as well as its “addictive gamification”, young people gathered around the WallStreetBets forum for stock […]
Business
January 30, 2021
PointsBet Posts $32.3 Million H1 Loss, but Primed for Growth
PointsBet has posted a AUD$32.3 million H1 loss and AUD$27.4 million net profit. The company is primed for more growth. PointsBet Ends Fiscal Year With Net Loss And Revenue Increase Sports Betting Operator PointsBet has reported an AUD$32.3 million loss for the first half of 2020/2021 financial year as a result of its expansion efforts […]
Business
January 30, 2021
500.com to Boost Loto Interactive Stake via $13.5 Million Deal
500.com has entered a deal to acquire 169 million shares of Loto Interactive, a Hong-Kong-based lottery services provider, for $13.5 million. From 33.7% to 54.2% Stake Chinese top online lottery provider 500.com will acquire about 169 million shares of Loto Interactive, boosting its current 33.7% stake in the Hong-Kong-based lottery services company to about 54.2%. […]
Business
January 29, 2021
Bet365’s Denise Coates Still Top Tax Payer in the UK
Bet365’s founder, Denise Coates is the largest taxpayer in the UK, according to annual figures in a list by the Sunday Times. Ms. Coates paid more than £573 million in taxes last year, while the family’s worth was estimated to be more than £7.1 billion. Bet365 Founder Remains the Largest Taxpayer in the UK For […]
Business
January 29, 2021
Catena Media Names Michael Daly as New CEO
Catena Media announced that its board of directors appointed Michael Daly as the company’s new CEO. Previously in charge of the company’s U.S. operations, Mr. Daly will spearhead the company starting from March 1, 2021. Michael Daly to Lead Catena Media as New CEO The lead generation company based in Malta, Catena Media announced today […]
Business
January 29, 2021
FSB Names Keith Laidlaw Advisory Board Member
Keith Laidlaw, a gaming industry veteran and proven leader joined the sports betting technology company FSB. In his new position, Mr. Laidlaw would be advising the company on its global IT and technology strategy. Gaming Industry Veteran Keith Laidlaw Joins FSB The sports betting industry tech leader, FSB has announced that it hired the services […]
Business
January 29, 2021
Scientific Games Ramps up Hiring Push with Bombassei and Johnson
Scientific Games continues to pursue an aggressive expansion strategy, bringing top-notch industry veterans on board to help the company spearhead its strategy. As a result, SG has appointed Jim Bombassei as SVP of investor relations and added Simon Johnson who will now take care of the company’s operations in Europe, the Middle East and Africa. […]
Business
January 28, 2021
Playstudios in Negotiations for $1B SPAC-Type Merger Deal
Another SPAC-type merger in the gaming industry is in the making, an article in Bloomberg speculates, reporting that the developer of online social games Playstudios is currently negotiating with the special purpose acquisition company (SPAC) Acies Acquisition Corp. MGM Resorts Binds Acies and Playstudios According to people in the know who prefer to remain unidentified […]