As it undergoes restructure On the back of an announcement to rebrand and restructure (see previous InfoPowa report), BetGenius' new parent company Genius Sports Group (GSG) has closed a debt partnership with Three Hills Capital Partners (THCP). The private equity firm will invest GBP 10 million through a combination of debt and equity to enable GSG room to diversify its...
8 million ordinary shares in Betfair Group plc at GBP 32.50 a share involved Barclays Bank has announced the successful completion of an accelerated GBP 260 million bookbuilt offering to institutional investors of 8 million ordinary shares in Betfair Group plc, on behalf of Le Peigne SA in respect of 5 million placing shares and Rothschild Wealth Management (UK) Limited....
New York trade association wants more business through on-premises betting services The Amusement and Music Owners Association of New York would on the face of it appear to be an unlikely supporter for legalised online gambling, but the trade association and equipment supplier Betson Enterprises are about to embark on just such a campaign. The goal is to secure licenses...
The pressure is on for online gambling companies Already under pressure for contentious work-arounds on internet in-play betting (see previous InfoPowa reports), some Australian online operators were advised of a further probe this weekend by the New South Wales Office of Liquor Gaming and Racing. The Sydney Morning Herald reports that heavy advertising offering bonus bets in the lead-up to...
Antipodeans spend less overall than US, UK, Italian, Japanese and Chinese, but head the per capita stakes Australian punters spent US$20 billion on gambling in 2014 and continue to head the global per-capita spend list according to a new study by Thomson Reuters-H2 Gambling Capital. Aussies lost US$1,130 per person, ahead of the next big spenders - the Singaporeans on...
11 years, several WTO panel decisions and a slew of meetings, yet still no resolution The latest in a seemingly endless series of negotiations between Antigua and Barbuda and the USA over an online gambling dispute seems to have bogged down, judging by an impassioned plea to the United Nations last week by Antigua PM Gaston Browne. In a speech...
London-based firm gets the green light for a mobile lottery app trial in China DJI Holdings, a London-based firm that has penetrated the Chinese lottery market (see previous InfoPowa reports), has announced a new achievement, reporting that it has been given official approval to conduct a mobile sports lottery app field trial in the Shandong provincial city of Qingdao. DJI's...
Online gambling firms developing products for the new wave are on the right track Online gambling companies developing products compatible with the "wearable technology" trend are on the right track, judging by a Forrester Research report released today (Monday). The results of the research firm's latest study on wearables make encouraging reading for developers, manufacturers and enthusiasts alike, with 21...
Vertical should be controlled at state level, new entrant to the sector proposes Online gambling group Amaya Inc., which recently entered the daily fantasy sports sector with its StarsDraft (formerly Victiv) site, has commented on the need for state regulation of the sector in a statement this week following the "insider" furore involving a DraftKings employee. Eric Hollreiser, communications chief...
And other senior movements Social gaming firm Zynga has lost another key member of staff with the departure of Mark Skaggs who spent seven years with the firm in which he led the creation of FarmVille, CityVille and Empires&Allies. Other senior movements include the appointment of Laura Revenko as Zynga's new chief people officer. Revenko joins the company having served...
