Business
November 13, 2020
UK Slots Gross Gaming Yield Low in September
Recent data revealed by the Gambling Commission in the UK outlines that the slots gross gaming yield (GGY) in September decreased by 4% when compared to August. In contrast, sports betting GGY in September marked a 15% increase, reaching £189 million. Slots GGY in September Reaches New Low Point Recent numbers by the Gambling Commission […]
Business
November 13, 2020
BetMGM Appoints Former MGM Chief Corporate Counsel Hagopian
BetMGM, the sports betting brand of the joint venture of GVC Holdings and MGM Resorts, Roar Digital, announced Thursday a new addition to its executive team, as Andrew Hagopian, former Chief Corporate Counsel of MGM Resorts, is joining as its Chief Legal Officer. Responsible for Legal and Compliance Departments Hagopian, who holds a J.D. from […]
Business
November 13, 2020
Svenska Spel and SSF Continue Their Cooperation Through 2022
Swedish state owned gaming company Svenska Spel has renewed its ongoing partnership with the Swedish Sports Confederation or Riksidrottsförbundet to continue involve people with sports and tackle match-fixing in sports. Svenska Spel and Riksidrottsförbundet Extend Partnership The Swedish Sports Confederation (Riksidrottsförbundet) has had longtime strategic cooperation with Sweden’s state-owned gaming company, Svenska Spel. The partnership […]
Business
November 12, 2020
Flutter Raises Earnings Guidance, Reports 30% Jump in Q3 Revenues
Flutter Entertainment raised its earnings guidance on Wednesday, as betting customers grow. The group reported a 30% increase in revenue in Q3. EBITDA Up By 2.4% From Previous Forecast Betting giant Flutter Entertainment (FLTR), the owner of Paddy Power, Betfair, and Poker Stars raised its full-year operating profits guidance on Wednesday and reported a 30% […]
Business
November 12, 2020
Entercom Acquires QL Gaming For $32 Million
On Tuesday, Entercom Communications closed a $32 million all-cash acquisition deal with sports data affiliate platform QL Gaming Group. QLGG Brings a Large Array of Opportunities Radio and broadcasting leader Entercom Communications Corp. announced on Tuesday the acquisition of sports data and iGaming affiliate platform QL Gaming Group (QLGG) for about $32 million. Entercom will […]
Business
November 12, 2020
Millions of Payouts Stalled Due to Contested 2020 Elections
Gamblers on politics are facing delays in their payouts regarding the US presidential elections as the process entered into a stage of legal action and recounts in several states and bookies are not willing to declare a winner yet. No Declared Winner, No Payouts Major betting companies are still withholding payouts of millions of wagers, […]
Business
November 12, 2020
FanDuel Plans to Suppress the Illegal Sports Betting Market
Matt King, Chief Executive Officer at FanDuel revealed that the company plans to continue growing on the legal sports betting market in the U.S. In an interview for Bloomberg Markets: The Close, FanDuel’s CEO outlined that there is a “massive illegal market for sports betting” which the company plans to “put out of business”. Furthermore, […]
Business
November 12, 2020
Apollo Enters into Acquisition Agreement with Great Canadian
Toronto-listed Great Canadian Gaming Corporation announced Tuesday it entered into a definitive agreement to be acquired by Apollo Global Management. Under the terms of the deal, all outstanding common stock of the company will be acquired by the investment manager company at a price of C$39.00 per share. Fair Share Price Premium on Offer Upon […]
Business
November 12, 2020
888 Taps TSG’s Vaughan Lewis for Chief Strategy Officer
888 has secured a strong executive addition to its management lineup with Vaughan Lewis now stepping in as Chief Strategy Officer (CSO) for the company, and boosting its further business development and M&A strategy. Vaughan Lewis to Head Chief Strategy Office at 888 888 is bringing a new industry veteran to the company’s executive team […]
Business
November 12, 2020
GVC Rebrands as Entain and Withdraws from Unregulated Markets
Following a recent change in leadership, GVC is rebranding as Entain and announcing a withdrawal from all unregulated markets. The move would cost it £40 million in earnings in the short-term, but boost long-term results, says CEO Shay Segev. GVC Finds New Identity as Entain and Quits Unregulated Gambling Markets The parent company of Ladbrokes […]