North America

North American news

DraftKings withdraws Entain acquisition bid after month of negotiations

DraftKings has confirmed that it will not pursue a takeover of UK betting and gaming group Entain, putting an end to over a month of speculation and negotiation surrounding the potential merger. Despite this confirmation, DraftKings retains the right to disregard its statement should it come to further agreement with the board of Entain, if a third party makes a …

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Euro market adjustments see Betsson anticipate a tougher 2021 landing

Betsson AB has maintained confidence in its sports betting operations, with revenue in the sector offsetting a decline in casino, whilst also lauding its acquisitions strategy but acknowledging hurdles in the newly regulated Dutch market. Publishing its Q3 trading update, the Nasdaq Stockholm registered group reported overall revenue of SEK 1,733.3 million, representing a 3% increase on the corresponding quarter …

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Winning Post: US stats show all the signs of being over-stretched

Having reviewed the monthly revenue stats of US wagering’s current ‘big-3’ states New Jersey, Pennsylvania and Michigan. Regulus Partners warns that bonus-inflated metrics are not an effective measure to gauge the total addressable market (TAM) of a disrupted US gambling marketplace… September marks a seasonal return of US sports as well as a Northern hemisphere seasonal uplift in igaming activity. …

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Investment firms reportedly circling Scientific Games’ lottery unit

Two international investment firms are reportedly interested in acquiring Scientific Games Corporation’s (SGC) lottery divisions, according to Bloomberg. Citing ‘people familiar with the matter’, the outlet reported that Brookfield Asset Management Inc.’s private equity arm and Apollo Global Management Inc are interested in purchasing the Nasdaq-registered igaming provider’s lottery unit. SGC disclosed that it would pursue a ‘strategic divestment’ of …

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TAB secures Australia-facing NBA partnership

TAB has moved to strengthen its brand visibility in its home market, becoming the official wagering partner of the National Basketball Association (NBA) in Australia. The partnership will see TAB and the NBA collaborate on production of an Australia-facing version of the league’s betting focused alternate telecast, NBABet Stream, marking the service’s debut outside of the US. Additionally, TAB will …

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Eccles returns to betting scene with decentralised BetDEX

Nigel Eccles, the co-founder of FanDuel, has announced the launch of his new business venture BetDEX Labs – a decentralised sports betting exchange built on the blockchain rails of Solana (SOL).  BetDEX is co-founded by Eccles and former FanDuel senior engineers Varun Sudhakar (CEO) and Stuart Tonner (CTO).   Eccles posted on LinkedIn that the venture would be welcoming FanDuel Director …

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SIS moves to ‘support international expansion’ with two new appointments

SIS (Sports Information Services) has appointed Dr Laila Mintas and Giovanna D’Esposito as Non-Executive Directors, in order to ‘support its international expansion’. The multi-channel 24/7 live betting services supplier has detailed that both appointees have ‘many years’ experience’ at leading data and technology companies, and will ‘add significant strength’ to the company’s board. On the European side of operations, D’Esposito …

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DraftKings remains confident in potential buyout after Entain extension

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 …

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Entain extends DraftKings deadline but warns of definitive deal duties

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 …

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