Tag Archives: DraftKings

The sports betting industry ‘sales house’ Betbazar is now ready for the next 10 years of digital evolution following a recent rebrand. But for a company whose services touch both operator and supplier, where should the product development process start – with the buyer or the seller? Will esports remain a key part of the puzzle in 2022 and beyond? …

Genius Sports has outlined that its US-focused expansion strategy is on course, having experienced significant growth in the third quarter of 2021 and striking partnerships with a number of major betting operators. Publishing its Q3 2021 trading update, the NYSE-registered sports data and technology provider detailed group revenue of $69.1 million, a 70% increase on the previous year’s figure of …

The Canadian Gaming Association (CGA) has appointed four new members to its Board of Directors during its annual general meeting last week. They comprise Scott Burton, CEO, FansUnite Entertainment Inc; Neil Erlick, Chief Corporate Development Officer, Nuvei; Jeffrey Haas, SVP, International Strategy, DraftKings Inc; and Chuck Keeling, EVP, Stakeholder Relations and Responsible Gaming, Great Canadian Gaming Corporation. Burton oversees the overall business vision and framework, global …

Kambi has underscored its ability to overcome potential regulatory hurdles and ‘capitalise on future opportunities’, highlighting the depth of its sportsbook offering and new M&A strategy. Publishing its Q3 trading results, the Stockholm listed sports betting technology supplier reported a quarterly year-on-year revenue increase of 48% to €41.6 million (Q3 2020: €28.1m) reflecting an 80% increase in revenue from the …

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 …

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. …

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 …

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 …

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 …

Jette Nygaard-Andersen has underlined that global gaming leadership must accept its remit in maintaining a sustainable industry as a “common-sense goal” as incumbents face a decade of new challenges. The Group CEO of Entain Plc provided the keynote speech, opening the SBC Barcelona Summit, as Entain was placed at the forefront of global news headlines following a $22 billion approach …