Canadian online betting and gaming operator NorthStar Gaming has agreed a new strategic marketing partnership with minority shareholder Playtech.
The agreement will strengthen NorthStar Ontario's marketing and player acquisition strategy, with Playtech making an initial contribution of up to CAD$1.5 million, which can be increased to up to $4 million.
The funds [...]
Hong Kong’s Legislative Council has approved legislation that imposes an annual special football betting duty of HK$2.4 billion on the Hong Kong Jockey Club (HKJC).
The Betting Duty (Amendment) Bill 2023 was passed last week and gives effect to a proposal in the 2023-24 Budget, which imposes an annual special football [...]
New York-listed lottery and gaming supplier International Game Technology (IGT) is evaluating potential strategic alternatives for its Global Gaming and PlayDigital divisions.
IGT said Thursday that the board is considering a broad range of potential alternatives for the two segments “in order to unlock the full value of IGT's portfolio.”
This includes [...]
Cambodian land-based gaming operator NagaCorp has announced a possible four-year delay to its Naga 3 expansion project.
Naga 3 is the company’s latest extension to its NagaWorld integrated casino resort in Cambodia’s capital Phnom Penh. The Design and Build Agreement (DBA) for the Naga 3 project was signed in April 2019 [...]
Racehorse ownership platform MyRacehorse has raised $7 million from a group of investors led by Stronach Group.
MyRacehorse’s proprietary platform allows users to analyse racehorses and purchase a fractional share in a horse for a one-time fee. The platform also provides updates from the trainer and jockey and instant payouts of [...]
The Horserace Betting Levy Board (HBLB) believes UK Levy income will be around £99 million for the year ended 31 March 2023, based on the provisional submissions from the majority of Levy-paying bookmakers.
The HBLB had anticipated that the Levy yield would be in the range of £90 million to £95 [...]
The New York Racing Association (NYRA) has secured approval from the New York State Senate and Assembly to build new thoroughbred racing facilities at Belmont Park.
New York State’s recently approved FY 2024 budget includes legislation authorizing the NYRA to utilize a $455 million loan to embark on the biggest racetrack [...]
Shares in Italian betting and gaming operator Lottomatica fell on their first day of trading on Milan’s Borsa Italiana stock exchange Wednesday.
In Europe’s largest IPO of 2023 so far, Lottomatica’s shares were priced at €9.00 per share, but opened for trading at €8.50 and fell by 4 per cent during [...]
The Australian state of Victoria will increase its online betting point of consumption tax by 50 per cent next year.
The Point of Consumption Tax (POCT) will increase from 10 per cent of net wagering revenue to 15 per cent from 1 July 2024, with half of the proceeds earmarked for [...]
Toronto-listed esports and online betting operator Rivalry Corp is looking to raise up to CAD$10.0 million through a non-brokered private placement led by bookmaker Pinnacle.
Rivalry will issue up to 6,666,666 subordinate voting shares in the capital of the company at a price of $1.50 per subordinate share to raise up [...]
NorthStar Gaming has called in a consulting firm to provide financial advisory services following its recent listing in Toronto.
The six-month agreement with Blue Sky Trading & Consulting was announced on Friday and took effect on March 24, covering advisory services relating to capital markets, capital raising and mergers & acquisitions.
Under the [...]
Spanish gaming operator Codere Group is looking to raise €100 million from existing shareholders after completing a strategic review of its operations and capital structure.
The company explained that while its financial performance had improved since Covid-19 measures were relaxed during 2022, it continues to face headwinds and liquidity pressures.
As a [...]