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North America

Daniel Sebag retires as CFO of Amaya Inc

Further to today’s corporate update on its revised full-year 2016 guidance, the governance of Toronto TSX-listed Amaya Inc has informed stakeholders and the media that Daniel Sebag has retired from his leadership role as Chief Financial Officer (CFO). Sebag leaves Amaya following ten years’ service as Amaya’s first ever CFO. Announcing his departure, Amaya governance stated that Sebag had played a ... Read More »

Amaya ups 2016 revenue & earnings guidance but warns of 2017 currency impacts

The governance of Toronto TSX-listed Amaya Inc has this morning issued an update to the firm’s full-year 2016 guidance, adjusting upwards its top-line metrics for revenue and earnings results. In its latest trading update, Amaya governance details that FY 2016 revenues will range between $1.153-1.158 billion, as compared to its previous guidance of $1.137-1.157 billion. Further positives see Amaya governance ... Read More »

Scientific Games completes $20 million acquisition of DEQ Systems

Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table ... Read More »

Moving Forward…Caesars finally closes CEOC Chapter 11 proceedings

Caesars Entertainment Corporation (CEC) has been granted judicial clearance to restructure the $18 billion debt attached to bankrupt subsidiary Caesars Entertainment Operating Co (CEOC), allowing the company to close its US Chapter 11 court filing. Gaining approval from Chicago District Judge Benjamin Goldgar, CEC governance will now settle terms and payment structures with CEOC creditors who at the start of ... Read More »

BetConstruct joins National Council on Problem Gambling

BetConstruct has joined the National Council on Problem Gambling, a charitable organisation that acts as a national advocate for programs and services that assist problem gamblers and their families.  Vahe Baloulian, BetConstruct CEO, commented: “The value of entertainment the gaming industry provides would diminish drastically if we didn’t back up the essential efforts of organizations striving to keep gaming fun and safe ... Read More »

People Power – Crowdfunding in igaming

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Ahead of the GamCrowd Pitch ICE competition for start-ups at ICE next month we got to thinking about crowdfunding in igaming.  Companies from the world of igaming such as Football Index and Premier Punt have run successful campaigns in the past year. In fact, both of these overfunded on Seedrs. With this avenue for generating capital becoming ever more popular ... Read More »

Betcade confirms that it will cease operations this January

Issuing a corporate statement, David Chang the CEO & Founder of dedicated ‘real-money’ gaming/gambling app store Betcade has informed stakeholders and the media that his firm will cease operating by the end of January 2017. Updating the market, Chang did not detail specifics as to why Betcade has chosen to stop its operations. Chang thanked all stakeholders associated with the ... Read More »

Look at him now – Chris Brown odds on to beat Soulja Boy

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Remember Celebrity Deathmatch? It’s back courtesy of Chris Brown and Soulja Boy, only this time they’re fighting for real in a boxing ring and you can bet on it.  A feud between the two stars kicked off in the first few days of this year with Brown threatening Soulja Boy for daring to like a picture of the singer’s ex-girlfriend on ... Read More »

Eilers & Krejcik Research – A DFS 2017 Forecast

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Eilers and Krejcik Research has unveiled its latest analysis of the daily fantasy sports industry with an update for 2017 which opens with the line ‘by all accounts 2016 was a challenging year for the DFS industry with some silver linings’.  These are silver linings worth looking into. First though, a look back at some of the issues the industry ... Read More »

Betting industry asks…How long can President Trump last?

With President-Elect Donald Trump taking full US Presidential duties on 20 January (inauguration date), bookmakers are wondering whether ‘The Donald’ will survive a full four-year term as leader of the United States of America.   Trump who yesterday gave his first official press conference as President-Elect, having won the US Election on 8 November reemphasized to the world’s media that ... Read More »