Tag Archives: new york

Martin Lycka: Supreme Court’s (sports betting) punt return and beyond

Starbucks Barista - NFL Contest

In the second of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the current activity around sports betting in the US and tracks how the industry has arrived there and where it should go next. It is 14 May 14 2018, which may be the US football offseason, yet …

Read More »

IGT appoints ‘security pro’ Dr Samantha Ravich as corporate advisor

New York-listed gambling technology group International Game Technology Plc (IGT) has moved to strengthen its corporate advisory confirming the appointment of Dr Samantha Ravich as an Independent Director. A scholar in national security development, political science and cybersecurity defence measures, Dr Ravich is the current Chair of the Center on Cyber and Technology Innovation at the ‘Foundation for Defense of Democracies’, …

Read More »

IGT reduces credit facility arrangement

New York-listed gambling technology group International Game Technology Plc (IGT) has amended and extended the terms of its multicurrency revolving credit loan facility. The group said it has extended the ‘maturity date’ of its corporate credit facility from 26 July, 2021 to 31 July, 2024. IGT’s multicurrency credit loan facility was originally sanctioned in July 2017. Moving to lower its ‘aggregate …

Read More »

Tech eyes monitor Douyu IPO ambitions

Tech analysts are monitoring the movements of Chinese live streaming platform ‘Douyu’ closely, as the company files for a listing on the New York Stock Exchange this April. Branded as ‘China’s answer to Twitch.Tv’, the popular live streaming platform owned by Amazon, in its SEC submitted prospectus Douyu’s executive team seeks to raise $500 million from its New York IPO. …

Read More »

Unrivalled lineup of betting expertise at Betting on Sports America

Betting

A fast start to the first morning of Betting on Sports America (23-25 April) will see New Jersey Governor Phil Murphy make a keynote address to the industry, before former US sports stars Ryan Howard and Brian Westbrook explain the increased crossover between sports, sports betting and venture capital. These two sessions were just a small part of the full …

Read More »

Scientific Games fulfils $1 billion 2026 debt note financing

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has confirmed that it has completed its $1.1 billion private note offering, first announced on 6 March 2019. The transaction is aggregate to 8.25% of SGC senior unsecured debt-notes, due for repayment in 2026 at an issue price of 100%. SGC governance intends to use the debt proceeds to …

Read More »

Eilers & Krejcik confirmed as Supporting Partner for Betting on Sports America

Eilers

Eilers & Krejcik, a boutique research firm focused on servicing the gaming equipment, sports, and interactive gaming sectors within the global gaming industry, has been named as a Supporting Partner for this year’s Betting on Sports America conference and exhibition. Organised by SBC Events, the event taking place at Meadowlands Exposition Center in New Jersey from 23-25 April is expected …

Read More »

Oneida Indian Nation’s NY prep continues with Scientific Games

The Oneida Indian Nation has followed up its alliance with Caesars Entertainment, by partnering with Scientific Games for the provision of its OpenBet technology at its three upstate New York properties. Deployment of the platform, embedded with player centric technology, in-house pre-game and data feed from the recently acquired Don Best Sports, is to commence as soon as sports betting …

Read More »

Donald R. Sweitzer ends tenure as IGT Chairman of Global Solutions

Updating the market, New York-listed gambling technology and lottery systems provider IGT Plc has confirmed that long-term executive Donald R. Sweitzer is set to retire as Chairman of IGT Global Solutions Corporation. Sweitzer ends a 20-year executive tenure with IGT, in which he has served as a key stakeholder in the gambling technology group’s governmental affairs and multi-national development strategies. …

Read More »

Profits soar as bet365 toasts significant growth

Leading online bookmaker bet365 has confirmed significant growth in its full-year accounts  (12-month period to March 2018), recording a 26% increase in betting and gaming revenue to £2.7 billion. The operator continued to benefit from its high-level sportsbook offering, specifically in-play betting which accounted for 77 per cent of its sports betting revenue, as well as this, mobile betting revenue rose …

Read More »