Business
July 27, 2020
LVS Waives Rents for Mall Tenants in Macao and Singapore
Las Vegas Sands Corp. filed information to the Securities and Exchange Commission (SEC), revealing the company waived for the first six months millions in rents to mall tenants in Macao and Singapore. The total amount of rents waived to support its tenants is $170 million and accounts for most of the decline in mall revenue […]
Business
July 27, 2020
RSI Goes Public on the NYSE, Merger Deal with dMY Agreed
Rush Street Interactive (RSI) announced Monday it entered into a definitive agreement with NYSE-traded dMY Technology Group for the merger of the two companies, upon the completion of which RSI will become a public listed company. SPAC Deals Continue The Boards of Directors of both the Special Purpose Acquisition Company (SPAC) dMY and Rush Street […]
Business
July 27, 2020
Resorts World LV Begins Preparing for 2021 Summer Opening
Resorts World Las Vegas will continue with construction efforts as planned and will open in the summer of 2021, after pushing the original launch by a year from 2020. Genting’s Resorts World Remains Optimistic about the Future With Resorts World Las Vegas calling it lights out until next summer, the property is already preparing for […]
Business
July 27, 2020
IBIA Calls for Introduction of In-Play Betting in Australia
Australia’s Sports Wagering Scheme (ASWS) designed to boost sports betting integrity would need to consider adding in-play betting and strengthen racing betting regulation, the International Betting Integrity Association (IBIA) has cautioned. IBIA Calls for In-Play Betting Options and Boosting Sports Integrity The International Betting Integrity Association (IBIA) has launched an appeal for in-play betting opportunities […]
Business
July 26, 2020
DraftKings and Kambi Partnership Terminates September 2021
Boston-based daily fantasy and sports book operator DraftKings announced it reached an agreement with Kambi Group for the mutual support and cooperation on the DraftKings’ migration from Kambi’s back-end platform services to the SBTech sports betting and iGaming platform. Contract Termination Date Agreed As part of the agreement, the contract between DraftKings and its previous […]
Business
July 26, 2020
Intralot Signs with MLB, Becomes Authorized Gaming Operator
Greek-headquartered leading gaming solutions supplier and operator Intralot announced Friday its US subsidiary, Intralot, Inc. entered into an agreement with Major League Baseball (MLB) to become an Authorized Gaming Operator of the league. The deal comes just in time for the start of the new regular baseball season. Access to Official Data, Marks and Logos […]
Business
July 26, 2020
Estimated 90% of Endurance Sports in Could Go Bankrupt Due to COVID-19
An estimated 90% of all endurance sports businesses in the United States are threatened by bankruptcy, putting a $3 billion+ industry at risk. Endurance Sports Threatened by Pandemic with 500 Jobs on the Line The coronavirus outbreak may be endurance sports own Achilles heel with 80% of all endurance event operators in the United States […]
Business
July 24, 2020
FanDuel Signs Strategic Partnership Deal with The Ringer
Daily fantasy and sports book provider FanDuel announced Thursday it entered into a strategic partnership with The Ringer. The multifaceted deal with the sports and culture website that has been recently acquired by Spotify will be focused around sports betting. The Ringer’s Exclusive Fantasy and Sports Book Under the terms of the deal, FanDuel has […]
Business
July 24, 2020
Crown Resorts Takes Cashless Payments for Test-Run at Perth
Responding to “societal changes” and hurrying up to adapt to the COVID-19 world, Crown Resorts announced that it would use cashless payment options at Crown Perth. The intiative is currently in test mode and will start on Monday, July 27. Crown Perth to Launch Cashless Payment Test Starting on Monday, casino guests at Crown Perth […]
Business
July 22, 2020
GVC Holdings Investigated by HM Revenue & Customs
GVC Holdings announced in a press release yesterday HM Revenue & Customs (HMRC) is widening the scope of its investigation into the dealings of the group related to its online gambling business in Turkey, which the owner of Ladbrokes sold in 2017. Widening the Scope of the Investigation A probe which started in November 2019 […]