North America

Paddy Power – Trump hits shortest impeachment odds yet remains 2020 frontrunner

Paddy Power Politics has shortened President Donald Trump’s impeachment odds following an explosive first day of testimonies related to ‘Ukraine transcripts’, in which the President is charged with seeking dirt on political rival Joe Biden. Yesterday, US media was gripped as the House of Representatives questioned acting US Ambassador to Ukraine William Taylor and State Department official George Kent on Trump’s exchanges …

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Indiana marks sixth US state launch for SBTech

Indiana

SBTech has entered its sixth US state in less than 18 months by launching an on-property sportsbook at Rising Star Casino in Indiana under the BetAmerica brand. The new 3,000 sq. ft sportsbook, operated by Churchill Downs Incorporated (CDI), is located one hour from Cincinnati and within two hours of Indianapolis and Louisville. It features more than 30 television screens …

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Scientific Games pursues new $1.2 billion debt note placement

Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has confirmed that subsidiary Scientific Games International intends to pursue a private bond placement targeting $1,200m in aggregate principal amount of senior unsecured notes due 2028 and senior unsecured notes due 2029 in a private offering. In the announcement, made today, the firm said it intends to use the net proceeds of the notes offering, together …

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Strong Q3 trading sees Scientific Games return to black

Scientific Games Corporation (SGC) has reported that growth across all core business segments – including its sports betting vertical (SG digital division) but with the exception of gaming operations (sequential loss of $1m) – is growing on “both the top and bottom line”, which CEO Barry Cottle said puts the company on a “path to 5.5x net debt leverage by …

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US acquisitions boost Better Collective balance sheet

Better Collective

Better Collective said acquisitions in the US and Sweden had positively impacted its total growth in Q3 2019 (1 July to 30 September) after posting record quarterly revenues of €17.13 million – up 54 per cent from €11.13 million in the corresponding period of 2018. The industry affiliate added that organic revenue growth was 25 per cent. EBITA before special …

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Canadian betting portal monitoring President Trump lies

Trump, Next President

Leading Canadian sports betting portal CanadaSportsBetting.ca has launched an exclusive betting market, which will enable the public to bet on ‘US President Donald Trump’s lies and mistruths‘. Referencing the Washington Post ‘Trump Fact Checker’, which to date has indicated that the US’ 45th President has made 13,435 false/misleading claims whilst in office, CanadaSportsBetting.ca believes it has North America’s most engaging political …

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What drives betting innovation: operators, players or suppliers?

innovation

Innovation is a buzzword that routinely dominates the industry agenda. From a sports betting supply standpoint, innovation often comes in the form of new proprietary features, which combine to deliver a new future for sportsbook personalisation. You can read a full series on the subject here. Yet, within this popular summer series focused on the importance of pricing, risk management, AI …

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Betfred hires Bryan Bennett as US operations lead

Betfred has advanced its US market ambitions by appointing Bryan Bennett as the bookmaker’s first US Chief Operations Officer (COO). Bennett, a seasoned executive in US gaming, sports and digital enterprise strategies, confirmed via LinkedIn that he had joined the UK betting outfit, leading its initial US market drive. Bennett is the former VP of Marketing for RocketPlay a developer of …

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Hollywood duo Sagansky & Sloan monitoring DraftKings’ options

Top Hollywood financiers Jeff Sagansky and Harry E Sloan are reported to be engaged in a takeover of DraftKings Inc, through their LA-based sports entertainment fund ‘Diamond Eagle Corp’. This morning, Bloomberg reports that the media and finance duo have entered negotiations to buyout Boston-based DFS and sports betting operator DraftKings – with Bloomberg reporting that ‘no transaction has been …

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Nick Iliffe, Stats Perform: Integrity challenges & collaboration in practice

integrity

Collaboration amongst stakeholders in the global sports integrity landscape is universally accepted as being vital in the fight against match-fixing and corruption writes Nick Iliffe, Integrity Intelligence Manager at Stats Perform. Attend any sports integrity conference and you will probably hear someone mention the need for collaboration within the first 15 minutes of a presentation.  Yet what is often discussed …

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