Business
March 1, 2021
theScore Completed IPO, Underwriters’ Over-Allotment in Full
Score Media and Gaming Inc. successfully completed its US initial public offering (IPO), placing 6.9 million of the company’s Class A Subordinate Voting Shares and gaining $186.3 million in gross proceeds. IPO Launch Last month, theScore announced it launched a public offering of company stock in both Canada and the US as part of its […]
Business
March 1, 2021
IGT and SG Create Joint Pool of Cashless Solution Patents
Gaming solutions supplier International Game Technology (IGT) announced today it entered into a cross-licensing agreement for patents related to cashless slot gaming solutions with another gaming technology company, Scientific Games (SG). Tap into Each Other’s Cashless Portfolios The cross-licensing agreement between IGT and SG combines both companies’ portfolios related to casino management solution systems in […]
Sports
March 1, 2021
NCAA Releases Covid-19 Contingency Plans for Basketball Tournaments
The NCAA has created a contingency plan in case teams drop out of the March Madness tournaments due to Covid-19. What Happens If a Team is Unable to Compete in March Madness? The NCAA Division I Men’s and Women’s Basketball Committees have released a contingency plan related to the withdrawal of participants due to Covid-19. […]
Casino
March 1, 2021
MotorCity Seeks $270 Million COVID-19 Damages from Insurer
MotorCity Casino Hotel sues the company providing its commercial property insurance because it declined a $270 million claim for losses related to the Covid-19 pandemic. MotorCity Files Lawsuit against Swiss Zurich Insurance Group The company behind MotorCity Casino, Detroit Entertainment LLC, filed a complaint in Wayne County Circuit this week. The 55-page complaint is against American Guarantee and Liability Insurance Co, which is […]
Casino
March 1, 2021
Mohegan Sun Helps Connecticut with COVID-19 Vaccination Site
To help Connecticut fight off COVID-19, the Mohegan Tribe opened a community vaccination site. Since its opening in mid-February until last week, approximately1,200 have been vaccinated. Approximately 1,200 People Have Been Vaccinated at Mohegan’s Site The Mohegan Tribe in Connecticut has been eager to help local authorities fight off the pandemic since its start in […]
Industry
March 1, 2021
Pennsylvania Kicks off Problem Gambling Awareness Month
In collaboration with other state entities, Pennsylvania’s Gaming Control Board promotes a Problem Gambling Awareness Month in March. March Becomes Month of Gambling Awareness in Pennsylvania Along with the Department of Drug and Alcohol, The Council of Compulsive Gambling of Pennsylvania, the state’s lottery, and other state entities, the Gaming Control Board’s Office of Compulsive Problem Gambling will […]
Business
March 1, 2021
Wynn Resorts to Open $3.5m Studio with Blue Wire in Las Vegas
Wynn Resorts is going to invest $3.5 million in Blue Wire to develop a dedicated studio at the Wynn Resorts in Las Vegas. Dedicated Sports Broadcasts Soon to Come out of Wynn Las Vegas Wynn Resorts Ltd. will pony up $3.5 million to invest in Blue Wire, a sports podcasting platform based in San Francisco. The company will […]
Sports
March 1, 2021
UpickTrade Dropped as Vegas Golden Knights Predictions Partner
The Vegas Golden Knights have reversed their deal with Mexico-based betting prediction platform UpickTrade on Saturday. Vegas Knights Renege on UpickTrade Deal It took all but a few days for the Vegas Golden Knights to make a U-Turn and reverse their partnership with tipping platform UpickTrade, responding to a sea of boos and criticism. Marking a landmark moment […]
Business
February 28, 2021
DraftKings CEO Weighs in on Trading vs Gambling Argument
DraftKings CEO Johnson Robins has discussed the potential of mobile betting, the Robinhood saga, and pent-up demand for sports with CNBC’s Power Launch host. Robins Says Trading and Gambling Are Different Products Last week, DraftKings CEO Johnson Robins spoke to CNBC’s Power Lunch and discussed whether the recent trading saga with GameStop has made more […]
Sports
February 28, 2021
Yahoo Sports Taps NBA for Sports Betting Broadcasts
The NBA and Yahoo Sports have teamed up for a new brand of alternate sports betting broadcasts that began last Friday. New Sports Betting-Focused Broadcasts Comes to the NBA Yahoo Sports and the NBA have joined hands to produce betting-focused broadcasts, with the first episode taking place last Friday and featuring the game between the Memphis Grizzlies and Los Angeles Clippers. […]