Industry
July 13, 2021
MGM’s Strip Sales and CityCenter Purchase Credit Negative
A recent report released by a top credit rating agency is warning investors about potentially increased risks from contingent lease obligations following a sale-leaseback scheme. Increased Credit Risk The report issued by Moody’s Investor Service considers the sale of the real estates of Aria and Vdara casino resorts on the Las Vegas Strip by MGM […]
Industry
July 13, 2021
Flutter sells Oddschecker for $215.2 million to Bruin Capital
Flutter Entertainment has announced its agreement to sell its affiliate subsidiary company Oddschecker, for $215.2 million to Bruin Capital, a private equity group. A Private Equity Firm Acquires Oddschecker by the End of the 3rd Quarter Flutter Entertainment, a holding company (created by the merger of Paddy Power and Betfair), has announced it would sell […]
Industry
July 13, 2021
Codere Becomes Main Sponsor for Mexico’s Monterrey Rayados
Monterrey Rayados, a Mexican soccer powerhouse, has partnered up with Codere, which will become the team’s official sponsor through 2024/25. Codere Deepens Mexican Sports Presence Codere continues to build up its ties with soccer clubs around the world. After rival Sportsbet.io signed a fresh partnership with Brazilian powerhouse Sao Paulo FC, the international gaming operator […]
Industry
July 13, 2021
Indiana’s Foray into Sports Betting Is Paying Off
Indiana has had legal sports betting for a little more than two years and it has continued to deliver good things to the state. There have been ups and downs in the market, just like there are with any, but, overall, things are looking up. June proved to be a relatively successful month for Indiana […]
Industry
July 13, 2021
Gambling.com Begins Selling Shares Ahead of Anticipated NASDAQ Launch
Gambling.com is looking to become the latest gaming-related entity to trade on a public exchange. After recently announcing its plans to introduce an initial public offering (IPO), it has now filled in some of the blanks. The company has big plans for its future, and is confident that it will continue to be a major […]
Industry
July 12, 2021
Oregon June Sports Betting Posted Double-Digit Revenue Growth
Sports betting revenue in Oregon was on the rise in June, the monthly report released by the Oregon Lottery revealed. The state posted a double-digit increase in revenue on a sequential base. Steady Revenue Growth The Scoreboard, a sports betting product powered by Boston-based sportsbook and industry technology supplier DraftKings and run by the Oregon […]
Industry
July 12, 2021
Gambling Is a Major Social Problem, Says Former Paddy Power CEO Stewart Kenny
During a recent interview for Prime Time on RTE, Paddy Power’s former CEO and co-founder Stewart Kenny deemed the gambling industry a “major social problem.” He revealed that many operators are now targeting the younger population, while the government remains focused on collecting gambling tax revenue. Former Paddy Power CEO Criticizes Gambling, Says It’s a […]
Industry
July 12, 2021
Dotty’s Reveals Details about Data Breach Incident
Owned by Nevada Restaurant Services and Craig Estey, Dotty’s reportedly was affected by a malware cyberattack. Dotty’s operates some 120 gaming venues in Nevada and has approximately 300,000 players in its database. The operator acknowledged that some users’ data, such as names or dates of birth, may have leaked earlier this year. Dotty’s Acknowledges a […]
Industry
July 12, 2021
Independent Study Recommends Cap on Deductions for Sportsbooks
A leading independent tax policy nonprofit, the Tax Foundation, released a report last week, evaluating the efficiency of different state’s approaches to sports betting taxation. Deductions Lead to Lower Effective Tax Rate Industry official data provided by the American Gaming Association (AGA) shows 21 US states and D.C. are currently offering legal wagering on sports, […]
Industry
July 12, 2021
DraftKings and MLB Ink Live Streaming and Sports Betting Deal
Everyone is familiar with the fact that DraftKings has been heavily involved in a few major sports leagues in the US. The fantasy sports and sports gambling operator’s latest addition is a new deal that it has completed with MLB. This is not the first time that DraftKings has collaborated with MLB. Recently, they signed […]