luding in 2017, Crown Resorts announced that it has agreed to the $150m sale of its majority stake in CrownBet that is set to be completed by the end of February this year. The sale follows on from the company’s recent string of sales, allowing it to focus on a number of its core assets […]
Crown Resorts agrees to the $150m sale of CrownBet Read More »
bet, the majority shareholder in European bookmaker Fortuna Entertainment Group have announced that they will make formal takeover offer for the company.In a statement issued to Reuters, Fortbet detailed that its offer would be at CZK182.50 per share, with an estimated total acquisition cost of CZK9.49bn ($447.83m).Completion of the deal is contingent on the Fortuna
Fortbet Holdings tables bid for Fortuna Entertainment Group Read More »
on the heels of its defeat in West Virginia, Major League Baseball (MLB) has targeted Missouri, drafting a sports betting bill for the consideration of the states legislature.The move comes just days after West Virginia’s Finance Committee approved Senate Bill 415, which would allow sports betting at the states’ four casinos, approving measures that would
Sporting associations target Missouri following West Virginia defeat Read More »
Stars Group has confirmed that the all-cash transaction was funded using cash on its balance sheet, with the deal entitling it to appoint a majority of the directors on CrownBet’s board. Although the company have confirmed that CrownBet CEO Matthew Tripp, will remain in his position as CEO and continue to operate the business in
The Stars Group acquires CrownBet in $117.7m deal Read More »
Under the terms of the multi-million euro deal, GVC is obliged to purchase the remaining 49% of the business in 2021, at a valuation of either the lower of seven times the 2020 clean EBITDA or €150m. Crystalbet, which was established in 2011 holds licences to offer online gaming products, including sports betting, casino games,
GVC acquires majority stake in Crystalbet Read More »
In its full financial filing for the year, the company revealed net gaming revenues of to €925.6m ($1.14bn) beating the €794.3m that the company accrued during 2016. Full-year revenue grew by 16% on a pro forma basis from a 2016 p of €772.9m, to a 2017 high of €896.1m. Whilst clean EBITDA registered solid growth
GVC Holdings revenues up 17% during 2017 Read More »
Under the initiative, which will take place over the final three games of the Premier League season, the club and the charity will produce advertisements and promotional materials intending to raise awareness of the risks of gambling. In addition GambleAware related messages will appear on advertising hoardings around the pitch and on screens throughout the
Crystal Palace launches initiative with GambleAware Read More »
In his new position Eriksson will be tasked with driving the development of Kambi’s next generation sportsbook and will also be responsible for creating one which is able to lead a potentially soon-to-be regulated US market. Eriksson brings with him ten years of experience at Swedish sports betting monopoly Svenska Spel, including four years as
Kambi Group creates Chief Product Officer role Read More »
“The legalisation of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own,” Justice Samuel Alito wrote on behalf of the court. The court upheld the legality
Landmark ruling sees the Supreme Court vote open up sports betting across the US Read More »
Under the agreement, Paddy Power Betfair will contribute its existing US assets along with a cash contribution of $158m. The company has confirmed that this cash contribution will be used to pay down existing FanDuel debts, which amounted to $76m at 31 March 2018 and fund working capital of the combined business. Upon completion of the transaction, Paddy
Paddy Power Betfair agrees FanDuel acquisition Read More »
