North America

North American news

Scientific Games posts stable Q1 opening to overcome Gaming unit headwinds

Scientific Games Corporation (SGC) has reported a stable corporate trading and performance in the first quarter of 2021 as COVID-19 pandemic headwinds continue to impact its business lines. Publishing its Q1 trading update, SGC registered a 1% increase in group revenues to $729 million (Q12020: $725m) in line with Nasdaq firm’s trading objectives.  The group’s SciPlay brand and Lottery division …

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Paddy Power targets US market with ASX trading platform plans

Paddy Power, the son of David Power, founder of the eponymous Irish bookmaker, has announced plans to launch a ‘sports trading’ platform, American SportZ Exchange (ASX), according to the Irish Independent. ASX will operate from Ireland but target the burgeoning US sports betting market, and will be initially financially supported as a startup via a €500,000 crowdfunding campaign using the …

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BETFEST launches to give sports fans the inside track on betting strategies and careers

Betfest

This month’s BETFEST, the first ever consumer event for US sports bettors, will give fans a unique chance to hone their betting skills, find a brand new career, and talk sports with people from across the country. The online event on May 15, 2021 is a whole new concept that captures the excitement of the rapid growth of the legal …

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Genius bolsters sports portfolio with $200m Second Spectrum acquisition

Data and technology provider Genius Sports has entered into a ‘definitive agreement’ to acquire Second Spectrum, an official analytics partner of several high-profile professional sports leagues and teams, for a purchase price of $200 million. As a data tracking and analytics partner of the English Premier League, National Basketball Association (NBA) and Major League Soccer (MLS), Second Spectrum will significantly …

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Apollo tables AUS $4bn offer for TAB

US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit.  A secondary offer of AUS 3.5 …

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Neil Erlick, Nuvei: The technology turning the world into a local marketplace

Nuvei

“Our goal is to turn the world into a local marketplace by connecting our partners with their customers, enabling the highest level of acceptance for payments both on the way in and on the way out, wherever they are in the world.” That was a headline message from this exclusive GamblingTV interview with Neil Erlick, who is the new Chief …

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Aspire Global highlights BtoBet acquisition for successful Q1

Aspire Global has reported a successful first quarter for 2021 having achieved key objectives across multiple verticals and recorded a total revenue increase of 42.6%, driven by the global market presence of BtoBet. Publishing its Q1 2021 trading report, the group revealed that revenue had increased to €48.1 million (€33.7 million Q1 2020), attributed largely to the acquisition of BtoBet, …

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IGT confirms Walter Bugno’s executive departure

IGT Plc has confirmed that long-term executive Walter Bugno has resigned from duties as the NYSE technology group’s Executive Vice President of New Business and Strategic Initiatives.  This morning, IGT notified investors that Bugno had chosen to end his 11-year tenure with the company to ‘pursue new professional opportunities‘ and will resign from all leadership duties on 14 May. A …

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Catena expands US market presence with Lineups acquisition

Catena Media has strengthened its position in the US sports betting market via an acquisition of online affiliation company Lineups, a firm specialising in analytics, betting prediction and tools. The total purchase price amounted to $39.6 million and will be paid in cash in three instalments over a two-year period – $25 million will be paid on closing, $9.6 million …

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Better Collective powers up US vision with $240m buyout of Action Network

Better Collective AS stated that it has secured the ‘outright leader’s position’ in US sports betting’s media and affiliate landscape, having reached ‘definitive terms’ to acquire the Action Network.  This Monday, Better Collective announced its biggest M&A transaction to date, acquiring all assets of US sports betting publisher Action Network for $240 million (€198m) on a ‘cash and debt-free basis’. …

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