Tag Archives: new york

IGT promotes Fabio Celadon as Gaming Portfolios lead

Updating the market, New York-listed IGT Group Plc has confirmed the promotion of Fabio Celadon to the position of Senior Vice President of Gaming Portfolios. Celadon who formerly served the company as Managing Director of China and as Asian business lead for IGT International will take on the newly formed executive position reporting directly to Group CEO Marco Sala. IGT …

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RotoQL seeks to become ‘Bloomberg for sports fans’

RotoQL - Copyright: prykhodov / 123RF Stock Photo

US sports data and analytics firm RotoQL has raised $1.2 million (£1 million) in its latest venture finance round led by Boston Seed Capital. The ambitious New York start-up, founded by the number one ranked Daily Fantasy Sports (DFS) player Saahil Sud (COO) and Justin Park (CEO), has created a portfolio of sports data tools and technologies aimed at better informing and …

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US & Italy growth helps IGT secure ‘important milestones’ in 2016

Completing its first full-year on the New York stock exchange under the enlarged IGT Group Plc enterprise (combination of IGT, GTECH and Lottomatica). IGT governance states that the company has accomplished several ‘important milestones’, beating analyst 2016 expectations. Presenting its full-year 2016 results, IGT governance points to the firms strengthened performance in its core markets of US and Italy as …

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Man San Law resigns as Chairman of 500.com

Updating investors, embattled New York-listed Chinese sports lottery operator 500.com has confirmed that Chairman of the Board Man San Law has stepped down from the governance position with immediate effect. San Law’s position will be split with director Lian Qi taking on the responsibilities of Chairmanship, supported by Bo Yu who will act as Director of Governance, a decision which …

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SpringOwl’s Jason Ader wants Amaya to have a ‘clean break’ from ‘discredited’ David Baazov

Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …

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Lottomatica sports-betting up but IGT hit by social decline

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

Lottomatica’s sports-betting operation in Italy enjoyed 7% growth in wagers in the third quarter benefitting from the second-half of the European Championships falling in the period, however parent company IGT’s results were marred by a significant fall in social casino revenues. The company gave very little further detail other than suggesting the sports-betting business helped contribute, alongside the company’s lottery …

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Cole Sharp – BounceX – Target UK!

Following this September’s launch of its European headquarters in London, SBC caught up with Cole Sharp Co-Founder & Chief Business Officer of behavioural marketing specialist BounceX. BounceX one of the US’ fastest growing tech companies, wants to place data and behavioural insights at the heart of online betting marketing operations. Cole Sharp details his firm’s ambitious plans for SBC readers… ____________________ …

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Hydra gains extension on Inspired Gaming acquisition approach

New York private equity firm, Hydra Industries (Hydra) has confirmed that it has been granted an ‘extension of the date’ by which it must complete its proposed £200 million acquisition of industry virtual games supplier Inspired Gaming Group (Inspired). The private equity firm has been granted until the 29 December to formally process its acquisition offer. Updating deal stakeholders, Hydra Chairman …

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DraftKings and FanDuel must pay $12m for deceptive advertising in NY

Don’t mess with the NY general attorney’s office was the lesson from last night as the details of the settlement agreed with DFS operators FanDuel and DraftKings were revealed. A total of $12m (£9.8m), with an even split of $6m (£4.9m) from each, was the fee for the daily fantasy heavyweights for deceptive advertising practices employed by them last year.   …

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Signed cross-licensing agreement sees IGT & Aristocrat end patent dispute drama

Updating the market, New York-listed gambling technology provider IGT Plc has announced that it has reached a comprehensive cross-licensing agreement with Aristocrat Leisure Limited (Aristocrat). IGT governance confirmed that the agreement would cover intellectual property involving game features and system patents between the two firms. Having committed to the licensing agreement terms, the participating firms have agreed to settle all outstanding litigation …

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