Tag Archives: scientific games

Playtech reschedules JKO offer confirmation date as shareholder meetings adjourned

Playtech Plc has announced that the make or break deadline by which JKO should confirm its intentions with regards to a takeover of the gaming content and technology developer. Under the initial terms, JKO would have until 5:00pm on 5 January 2022 to make a firm offer to buy Playtech, but the revised conditions will see the company have until …

Read More »

DraftKings and BetMGM triumph at inaugural SBC Awards North America

The SBC Awards North America 2021 saw a number of operators recognised for their contributions to the industry, including BetMGM, DraftKings, IGT PlaySports and Scientific Games. An audience of over 400 executives from the U.S. and Canadian sports betting and igaming scene attended the inaugural edition of the awards at The Edison Ballroom for a celebration of the sector’s achievements …

Read More »

Aristocrat welcomes Playtech sale of Finalto division

Aristocrat Leisure has made progress in its prospective acquisition of Playtech, after stakeholders of the latter company voted in favour of selling its Finalto financial trading division to Gopher Investments. The disposal of Finalto to Gopher was cited as a ‘key condition of aristocrat’s offer’ for the whole of the Playtech business, and has been welcomed by the gaming content …

Read More »

Lithuania to impose lottery sales tax to support national sports fund

The government of Lithuania has approved the passage of a new bill that will force licensed lottery operators to pay/include a 13% tax on each lottery ticket sold to help raise funds for national sports organisations and athlete development. As reported by LRT, Lithuanian MPs backed amendments to the laws on Lottery and Gambling Tax to change the previous 8% allocation of …

Read More »

Scientific Games extends Lotto Hessen partnership and begins modernising

Scientific Games has announced it has penned fresh terms with its long-term partner Lotto Hessen to introduce new gaming systems technology to the German lottery. Named Symphony, the gaming system technology is designed to modernise the lottery’s operations, replacing and migrating the old Ageis system. The Symphony system supports new game entertainment and new distribution channels with a secure, open interface that easily …

Read More »

Netherlands Lottery goes live with SG’s OpenGaming and OpenBet offerings

Netherlands Lottery goes live with SG’s OpenGaming and OpenBet offerings

Scientific Games has made its OpenGaming platform and OpenBet technology available across the Dutch market after launching with the Netherlands Lottery (NLO). Through the extension of its current partnership with the NLO, Scientific Games has optimised its sports betting and iGaming technology to meet the requirements of the newly-regulated European market, which officially opened on 1 October 2021. Andy Stubley, …

Read More »

Hollywood giant Endeavor joins US wagering ranks acquiring Openbet for $1.2bn

Scientific Games Corporation has confirmed that its Openbet subsidiary will be sold to Hollywood based sports and entertainment group Endeavor Holdings for a total consideration of $1.2 billion (€1.05bn). Reaching definitive terms, Endeavor – the investment fund of US entertainment moguls Ariel Emanuel (CEO) and Patrick Whitesell (Chairman) – will pay $1 billion cash and $200 million in Endeavor NYSE …

Read More »

Playtech sees 4% revenue fall but maintains confidence in B2B success

Playtech Plc has highlighted a ‘very strong performance’ for its B2B verticals throughout the first half of 2021, achieving objectives across three continents, despite experiencing a 4% decline in revenue.  Informing stakeholders in its interim trading report and following on from its July update, the FTSE 250 gaming technology group detailed that total revenue had fallen to €457.4 million (H1 …

Read More »