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UK casinos call for immediate rescue package to save jobs

The UK land-based casino sector has called on the government to extend the Coronavirus Job Retention Scheme to protect jobs as venues once again face restrictions due to COVID-19.

Casinos have urged Chancellor Rishi Sunak to deliver an urgent government rescue package to save up to 14,000 jobs which are now [...]

1 min read

Unikrn agrees $6.1m penalty with SEC for unregistered ICO

eSports betting provider Unikrn has agreed to pay $6.1m to the Securities and Exchange Commission (SEC) as a penalty for conducting an unregistered initial coin offering (ICO).

According to the SEC, Unikrn raised approximately $31m through its offering of the UnikoinGold (UKG) token between June and October 2017, promising investors that [...]

1 min read
PointsBet

PointsBet set to raise AUD$303m to support US expansion

Australian and US sports betting operator PointsBet Holdings is looking to raise approximately AUD$303m through a new capital raising to support its long-term strategy.

The capital raising comprises a fully underwritten accelerated pro rate renounceable entitlement offer with retail rights trading to raise $153.2m at $6.50 per share, as well as [...]

1 min read
Scout Gaming Group

Scout Gaming raises SEK75m to continue growth trajectory

Stockholm-listed fantasy sports provider Scout Gaming Group has raised proceeds of SEK75m (approx. €7.2m) from its shares placement.

Scout has completed a directed share issue of 1,835,062 shares through an accelerated book building process, alongside a directed share issue to existing Santa Monica-based institutional investor Topline Capital Partners of 1,200,000 shares.

This [...]

1 min read

Buzz Bingo to close 26 venues in proposed restructure

UK bingo operator Buzz Bingo is proposing to restructure its retail estate through a company voluntary arrangement (CVA), which will see 26 bingo clubs closed permanently and nearly 600 staff made redundant.

It follows a period of consultation with Buzz Bingo’s various stakeholders, including its landlords, aimed at securing a sustainable [...]

3 mins read
BetMGM

MGM Resorts and GVC double down on BetMGM investment

MGM Resorts International and GVC Holdings have committed to a second round of investment in their Roar Digital joint venture and its BetMGM sports betting and online gaming platform, bringing the total investment to $450m.

The increase follows their initial investment of $200m in July 2018 and underpins their commitment to [...]

4 mins read

Leap Gaming agrees loan as it moves towards profitability

London-listed FastForward Innovations (FFWD) has stepped up its investment in virtual sports provider Leap Gaming.

FFWD, which owns a 43.4 per cent stake in Leap Gaming, has invested an extra €117,647 as part of its pro rata allocation of a €250,000 loan provided by shareholders.

The loan accrues interest at 1.02 per [...]

1 min read
DraftKings

DraftKings upsizes share offering

New York-listed sports betting operator and supplier DraftKings has announced an upsizing and pricing of its public offering, which is now valued at up to $1.6bn.

Having previously expected to raise around $576m through an underwritten public offering of 33m shares of its Class A common stock, DraftKings confirmed Thursday that [...]

1 min read

BetMakers to raise $35m to fund US sports betting expansion

Sydney-listed sportsbook supplier BetMakers Technology Group has received commitments to raise AUD$35m through a new placement of its shares, with proceeds to be used to fund its expansion in the US sports betting market.

The placement will raise $35m via an offer price of $0.37 per share, an 8.6 per cent [...]

1 min read
DraftKings

DraftKings seeks to raise $576m in new share offering

New York-listed sports betting operator and supplier DraftKings has launched an underwritten public offering of 33m shares of its Class A common stock as it looks to raise as much as $576m.

The new offering consists of 14m shares offered by DraftKings and 19m shares offered by certain selling stockholders of [...]

1 min read
William Hill

William Hill improves liquidity with new shares placement

London-listed gaming operator William Hill has placed new shares with institutional and retail investors to raise more than £200m.

William Hill is issuing a total of 174,872,457 new ordinary shares at a price of 128 pence per share for gross proceeds of £224m, which will be used to deliver on the [...]

1 min read
Eldorado Resorts

Eldorado Resorts set to strengthen liquidity by over $1bn

New York-listed gaming operator Eldorado Resorts has agreed a number of transactions that are expected to deliver over $1.2bn in the near term.

The first is for an underwritten public offering of 18m shares in the company with a 30-day option for an additional 2.7m shares, which at Monday’s closing of [...]

1 min read
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