Business News and Headlines
Business
July 1, 2022
Light & Wonder Reduces Sale Price of OpenBet by $400M
Light & Wonder has issued an update on the sale of its OpenBet platform to Endeavor Operating Company, LLC and Endeavor Group Holdings, Inc. According to the update, the company has agreed to sell the platform for $400 million less than the original amount after the companies entered into an amendment to their definitive purchase […]
Business
July 1, 2022
PointsBet Expands to Europe with a New Dublin HQ
US sportsbook operator PointsBet opened its first European headquarters in Ireland’s capital city of Dublin. The new HQ will serve as a staging ground for the operator’s future expansion efforts in the Old Continent and will initially house 70 employees. PointsBet’s Numerous Irish Ties Made Dublin an Obvious Choice PointsBet’s expansion in Europe was heralded […]
Business
June 30, 2022
BetMGM Teams up with Tom Joyner Foundation, Introduces Executive Series
The leading sports betting and iGaming operator, BetMGM, announced a new collaboration with The Tom Joyner Foundation. Tom Joyner Foundation, Betmgm Announce New Collaboration The company announced Wednesday, that by joining forces with the foundation, it will launch new executive series for Historically Black Colleges and Universities (HBCUs). The new series is expected to launch […]
Business
June 30, 2022
ParlayBay Launches Portfolio of Games with FINNPLAY
Sports betting game supplier ParlayBay has agreed to integrate its casino with platform and services supplier FINNPLAY. As a result, the ParlayBay portfolio of games will launch with FINNPLAY’s dedicated player-focused platform, bringing several prominent games developed by ParlayBay as part of the available offer. These games include STREAK, GEKKO, CUT, RUSH, and BOSS. ParlayBay […]
Business
June 30, 2022
NeoGames Team Up with Intralot do Brasil for iLottery and Sports Betting
NeoGames has struck a partnership with Intralot do Brasil, the operator of the Loteria Mineira, and will as a result extend iLottery and sports betting solutions in the country for the first time. Intralot has been operating the Minas Gerais state lottery for more than 10 years now and will now see NeoGames deploy its […]
Business
June 30, 2022
Betway Rights Holder Teams up with Deutsch NY in the USA
The United States is an important market for Betway and its rights holder across the country, Digital Gaming Corporation. This is why DGC is pushing ahead with the appointment of Deutsch NY as the brand’s strategic partner who will be tasked with overseeing the expansion and operations in the country. Deutsch NY to Help with […]
Business
June 29, 2022
Bally’s Inks $1B Sale-and-Leaseback Deal for Rhode Island Casinos
Bally’s Corporation has said yes to a massive sale-and-leaseback deal valued at $1 billion for its Rhode Island casinos, Tiverton Casino and Hotel and Twin River Lincoln Casino. Both will be purchased by GLP Capital, which is Gaming and Leisure Properties’ operating partner. Once the sale will be completed, Bally’s will instantly lease them back […]
Business
June 29, 2022
1×2 Network Appoints ex-Entain Head of Slots as New CPO
1×2 Network is strengthening its expertise in the slot segment by adding a well-seasoned veteran who will help the company steer its products, reach new audiences, and generally improve on its offer. Alex Ratcliffe to Lead Data-Driven Production To this end, 1×2 Network has chosen Alex Ratcliffe, a former Entain head of slots, who will […]
Business
June 28, 2022
Hann Casinos in the Philippines Plan additional $1B Investment
Hann Philippines, a casino resort operator in the Philippines, is planning to expand its casino and hotel offerings over the next five years expecting demand from South Korea and Macau. Back to Pre-Pandemic Levels Formerly known as Widus Group, Hann Philippines initially announced its plans to revamp the Widus Resort located in the Clark Freeport […]
Business
June 28, 2022
BetMGM Enters Broader Partnership with BetQL
BetMGM, which is the sports bets division of MGM, has broadened its partnership with audio and entertainment company Audacy’s BetQL, getting exclusive rights to become the company’s sportsbook. The two companies have signed an agreement for a period spanning over the usual 12-month contract term. BetMGM’s Brand Promoted Across All BetQL Content BetMGM’s has gained […]