To continue growth in U.S. market Sports data provider Sportradar has secured new funding to the tune of $44 million and a strategic alliance led by Revolution Growth. Revolution Growth partners Ted Leonsis, also the owner of the Washington Capitals, Wizards and Mystics, Evan Morgan, Mark Cuban - owner of the Dallas Mavericks, and Michael Jordan - owner of the...
Big Fish Games proves to be a valuable acquisition The acquisition of internet social gaming firm Big Fish Games last December is proving to be a valuable addition to US racing company Churchill Downs, which this week posted its Q3-2015 results. During the quarter, Big Fish Games contributed revenues of $103.5 million and adjusted EBITDA of $33.3 million. Comparing results...
Presidential candidates decry media focus on daily fantasy sports Wednesday's Republican presidential candidate televised debate saw New Jersey governor Chris Christie decrying mainstream media focus on the daily fantasy sports furore when more important international issues were in play. Asked by CNBC moderators about his position on daily fantasy sports, Christie forcefully opined to audience applause: "Are we really talking...
Placed bets of $32 million on 365 Action.com offshore website Seventeen individuals in New York, Nevada and California were indicted by the Queens Country grand jury Wednesday. In a joint statement Queens District Attorney, Richard A. Brown and United States Attorney for the Eastern District of New York, Robert L. Capers said the defendants had been indicted on charges of...
Budget impasse continues to delay hearings as lawmakers wrestle with solutions Wednesday's already postponed hearing on online gambling and daily fantasy sports has again been postponed, according to the House Gaming Oversight Committee website. Local media observers speculated Wednesday that committee chairman Representative John Payne may have postponed the hearing in deference to bipartisan lawmaker efforts to find a solution...
Adds 65 new games from leading providers Pala Interactive will integrate an additional 65 online and mobile games from IGT, Aristocrat and NYX on its Pala Casino.com operation, 44 of which were launched this week. The portfolio will offer the New Jersey market a choice of 155 games once the remaining 21 titles are launched in mid-November. "PalaCasino.com now offers...
Pennsylvania Horsemen's Benevolent and Protective Association says online gambling is a threat to its future … unless it gets a cut! Pennsylvania has been the primary battleground for internet gambling this week as legalisation initiatives have gathered momentum due to the need to plug a state budget deficit, and Sheldon Adelson's Coalition to Stop Internet Gambling focused on the state's...
Focus will be on GR88's Asian expansion Parent company of online gambling operator GR88, Olympian Group, has entered into a merger agreement with Nevada-based disposable coffee lids manufacturer Coastal Integrated Services (CIS). CIS will acquire 100 percent of the Olympian Group for an undisclosed consideration. Part of the Merger Agreement includes a corporate reorganisation which will include a 1-for-100 reverse...
Pinnacle targeted by newspaper's investigative team If the New York Times investigative team's allegations about a presence in the United States are true, Pinnacle Sports is taking big risks in using US-based servers. The newspaper published a lengthy expose on sports betting in general and Pinnacle in particular over the weekend, highlighting the fact that it appears to be using...
Two-pronged reprise of appeal for state AGs to push for online gambling ban Remember last year's abortive attempt by some Adelson-inspired state Attorney Generals to get their colleagues on board in supporting the Restoration of America's Wire Act (RAWA)? That fizzled out when only fifteen officials in total agreed to sign a petition, but now the Adelson crusade is back...
