Category Archives: Betting

Flutter considers ‘matter closed’ as $300m paid to Kentucky

Flutter Entertainment has paid $300 million to the Commonwealth of Kentucky to fully settle its legal dispute with the state concerning The Stars Group.  The Dublin-based gambling group has paid $200 million to the state, on top of a $100 million previously handed over to the state relating to a superseded bond in the case. …

Peter Ekmark: Each US state requires its own approach for cloud hosting

Entering the US market as a global cloud hosting provider is “no easy feat” according to Peter Ekmark, CEO of Internet Vikings, as he explained the reasons why each individual state presents its own set of unique challenges.  In a video interview, Ekmark began discussions by looking at the underlying reasons behind the increasing rates …

SBC Advisory Partners extends network with eight associates

SBC Advisory Partners, the pioneering consulting and transaction advisory service for sports, betting & gaming sector, has announced eight industry experts have joined the organisation as associates.  The new associates will assist SBC Advisory Partners in its goal of offering clients a comprehensive knowledge and contact network for the sports, betting and gaming industries across …

Entain discloses terms on DraftKings $22 billion approach  

The board of Entain Plc has published a further media statement outlining the financial terms of DraftKings approach to acquire its business. The statement confirmed a first offer made by DraftKings at £25 per share, comprised of a combination of group shares and cash – valuing the business at $20 billion (£14.6 bn) Entain governance …

Entain confirms DraftKings’ interest in reported $20bn acquisition

Entain has confirmed media reports that prominent US sports wagering and fantasy sports operator DraftKings is interested in acquiring the company. A statement from the company’s board earlier today confirmed that a DraftKings proposal to acquire the FTSE100 firm had been received, and that such a takeover would include a combination of the former’s stock …

Codere to complete bond restructuring on 5 November

Codere SA expects to complete its bond restructuring on 5 November, having initially announced the development in April, granting full control of the company to its bondholders. The decision was made in a bid to avoid bankruptcy, following months of financial instability for the betting and gaming operator, exacerbated by COVID-19 headwinds such as the …

SGC strengthens commitment to responsible gaming with AGA Education Week

Scientific Games Corporation (SGC) has moved to reinforce its commitment to responsible gaming across its business operations by recognising the American Gaming Association (AGA) Responsible Gaming Education Week (RGWE). Taking place between 19-25, the AGA RGEW will see SGC focus particularly on its Lottery Group’s Healthy Play programme, with which the Nasdaq-listed company aims to …

Bally’s acquisition of Gamesys to close on 1 October

Bally’s Corporation has confirmed that its takeover of Gamesys Group will reach completion on 1 October, putting an end to the months-long acquisition process. The US sports betting and gaming conglomerate revealed that the M&A process had received regulatory approval from the UK Gambling Commission (UKGC), but added that approval was still required from US …

Stanislav Mykhailov joins Betbazar to oversee sales campaigns

Gaming industry sales body Betbazar has appointed Stanislav Mykhailov as its Sales Director, with the responsibility of leading the firm’s global sales campaign. Beginning with this week’s SBC Summit Barcelona, Mykhailov will operate as an ‘integral asset’ for the company’s B2B expansion, as it looks to strengthen its revenue streams across multiple supply verticals and …