DraftKings has maintained confidence in a potential £20 billion buyout of Entain, after the latter extended its ‘Put Up or Shut Up’ deadline yesterday, requesting clarification on a number of issues relating to the transaction. The FTSE100 gambling group has pushed the deadline forward to 16 November 2021, requiring the US sports betting and fantasy sports operator to make a …
Read More »
Entain Plc has extended its ‘put-up or shut-up’ deadline to DraftKings, as investors of the FTSE100 gambling group demand that its US suitor put definitive terms on its $20 billion acquisition bid. In an official announcement this afternoon, the gambling group detailed that it requires ‘a number of matters to be satisfactorily resolved ‘by no later than 5.00pm on 19 …
Read More »
Donald Trump has been given a 20% chance of making a return to the White House in 2024, with Smarkets prices indicating that the former President is already “way ahead in the race to be the Republican nominee”. Having fallen to a low of 3% following the storming of Congress back in January, Trump has managed to edge ahead of …
Read More »
SIS has outlined its plans for further international expansion after launching its new US subsidiary, SIS Content Services Inc. The launch of its US division, SIS explained, demonstrates the company’s commitment to the US market as it looks to capitalise on the “opportunities available to digital and retail sportsbook operators and horse racing stakeholders”. Richard Ames, CEO of SIS and …
Read More »
Esports Technologies Inc has continued its strategic expansion by announcing the opening of a ‘state-of-the-art’ office in Malta, supporting the Nasdaq group’s European growth plans. The Malta office will house the majority of Esports Technologies’ staff that directly support its European igaming operations and work closely with the Esports Technologies technology hub located in Dublin. The firm’s new Malta office …
Read More »
Nuvei Corporation has upsized the offer of its US public listing to 3 million subordinate shares, that will be traded on the Global Nasdaq Exchange. On 4 October, the Montreal-based global payments group intended to place 1.5 million subordinated shares as its opening offer on the Nasdaq Exchange, filing its US IPO under the ticker ‘NVEI’. However, prior to its …
Read More »
MGM Resorts CEO, Bill Hornbuckle, has hinted at a potential buyout of BetMGM, currently co-owned and operated with Entain, dependent on the possibility of the latter’s acquisition by DraftKings. As reported by Bloomberg, Hornbuckle made the comments whilst speaking at the Global Gaming Expo casino industry event and in a separate interview, highlighting ‘a lot of ways’ for a potential …
Read More »
Better Collective AS has disclosed a new management incentive plan related to its acquisition of US media subsidiary Action Network. Last May, Stockholm-listed Better Collective closed its biggest M&A transaction to date by agreeing a $240 million deal to acquire Action Network – significantly bolstering the publisher’s US media presence. Better Collective’s Remuneration Committee has agreed terms on a management …
Read More »
Low6 has been named as the supplier of the Official PGA TOUR Free-To-Play Game , which will be presented exclusively by PointsBet. Strengthening Low6’s presence across the US market, the free-to-play game has been designed to enhance fan engagement through live in-play games with weekly prizes. Jamie Mitchell, Low6 co-founder and CEO, commented: “We are delighted to be working with …
Read More »
Flutter Entertainment Plc has confirmed the promotion of Amy Howe as Chief Executive of its flagship US subsidiary, FanDuel. Having previously served as the Global COO of Ticketmaster, Howe joined FanDuel in February 2021 as President where she was charged with leading the company’s commercial strategy across all core business segments and products. The appointment sees Flutter complete its three-month …
Read More »
SBC News Voice of the Sports Betting Industry