The planned NFL ‘Owners Meeting’ scheduled for Phoenix 26-29 March, has gained added significance as franchise holders may be asked to vote on the approval of the Oakland Raiders relocating to Las Vegas Nevada. Representatives of the Davis Family (Raiders franchise owners) have submitted official ‘relocation papers’ to NFL governance. If approved, the ‘Las Vegas Raiders’ project will be put to …
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US casino operator Las Vegas Sands Corp (Sands) has confirmed that it will pay a $6.96 million penalty in order to resolve its ‘Foreign Corrupt Practices Act’ (FCPA) dispute in connection with business transactions carried out in China and Macao. The penalty charge imposed on Sands relates to the company failing to implement appropriate ‘internal accounting controls’ ensuring the legitimacy …
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Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table …
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Issuing a corporate update, Toronto TSX-listed NYX Gaming (NYX) has confirmed the appointment of Todd McTavish to its executive leadership team, taking on the group role of Chief Legal Officer (CLO). McTavish will be charged with leading NYX group legal and compliance functions across all divisions of NYX expanded operations following the firm’s significant growth via multiple acquisitions within the …
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Just over a week ago, a Starbucks barista on $15,000 a year picked up nearly $1 million after winning the biggest pro football handicapping contest in the world. Damon Graham correctly predicted all five games on the final day of the NFL season to beat some of the top sports bettors in the world to the $895,482 first prize, the …
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William Hill is now taking bets on Virtual Racing at four of its Reno Sports Books in Nevada. This includes the voice of legendary race caller Tom Durkin and features a new race every five minutes. Punters can opt for Win, Place, Show, Exactas, and Trifectas on lineups that range from eight to twelve animated horses. The bookmaker trialled its Virtual …
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Las Vegas-based Scientific Games has initiated a $75 million cost-cutting programme to reverse its losses, and focus on driving the company back to its core business. Kevin Sheehan, Chief Executive and President, said: “To position Scientific Games for long-term growth, we are prioritizing our business strategies, streamlining and consolidating our processes and creating a more efficient, seamless organisation.” Sheehan, who …
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XLIVE will take place in Las Vegas this December (5-7) and with an extensive esports track, one of the panel naturally focuses on the convergence of esports and gambling. Chris Grove, Partner at Narus Advisors ,who recently put on the Esports and Casino Resort conference will speak on the panel titled ‘Show Me the Money – Are esports the next …
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California-based real-money games specialist Gamblit Gaming (Gamblit) seeks to enter the burgeoning eSports market by unveiling its dedicated platform ‘G-Sports’ at G2E Las Vegas, global gambling’s biggest trade show. Announcing its initial launch, the G-Sports platform will look to convert eSports content into popular slot-based games for its land-based partners. The platform sees Gamblit continue its corporate focus of making …
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New York private equity firm Z Capital has confirmed that it has brought Nevada casino operator Affinity Gaming outright for an all-cash deal of $580 million (£440 million). At present the private equity firm owns 41% equity in Affinity Gaming, with Z Capital seeking to purchase the outstanding stake at a price of $17.35 per share. Updating stakeholders, Z Capital …
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