Las Vegas-based games developer GameCo has secured financing and strategic investment from Playtech and investment firm SpringOwl Asset Management.
The capital infusion, which includes participation by GameCo’s previous investors, will allow the company to accelerate expansion of its arcade-style gaming, iGaming and eSports betting products.
“We have followed GameCo’s progress for some [...]
Geolocation and compliance technology specialist GeoComply Solutions has reached a definitive agreement for minority investments by funds managed by Blackstone Growth and Atairos.
The partnership represents the first commitment of institutional capital to the company and will support GeoComply’s continued growth in its core markets and help accelerate expansion into new [...]
New York-listed gaming operator Bally's Corporation has completed its acquisition of daily fantasy sports operator Monkey Knife Fight (MKF).
The $40m all-stock deal, first announced in January, advances Bally's strategic diversification initiative and marks the company’s entrance into the high-growth daily fantasy sports sector.
“We are pleased to have closed on our [...]
Geolocation specialist GeoComply has strengthened its management team with the promotion of Lindsay Slader to managing director of gaming and the appointment of Chad Kornett as vice president of global government relations.
The two appointments will support the growth of GeoComply’s core business, as well as its expansion into international markets.
Slader [...]
New York-listed casino operator Caesars Entertainment has filed a lawsuit against its insurance carriers for refusing to pay out in relation to the COVID-19 pandemic.
Caesars said that the pandemic has had a significant impact on the company and its wholly-owned subsidiaries’ properties, business and employees, as well as the communities [...]
Investment fund Element Partners has increased its bid to acquire the World Poker Tour (WPT) from Allied Esports Entertainment, with the latest offer narrowly edging out Bally’s Corp.
Element Partners had submitted a $78.3m bid to acquire Allied Esports’ poker assets in January, with Bally’s stepping in with a competing bid [...]
Identity verification specialist Jumio has secured $150m in funding from Boston-based private equity firm Great Hill Partners.
The investment will accelerate Jumio’s expansion in the digital identity space by providing additional resources to automate its identity verification solutions, expand the breadth of its KYX platform, and grow its suite of AML [...]
US iGaming and sports betting operator BetMGM has expanded its product portfolio in Michigan with the launch of online poker.
Michigan joins New Jersey as the second US state where BetMGM Poker is available, powered by Entain’s partypoker US network.
The introduction of online poker in the state follows the January launch [...]
Sports data and technology provider Genius Sports Group has appointed David Levy as its new chairman.
Levy will lead the board's oversight of Genius Sports' operations and strategy and joins the company ahead of its upcoming New York listing through a business combination with dMY Technology Group Inc. II.
Levy is a [...]
US sports betting operator BetMGM has enhanced its in-play golf markets through a new partnership with IMG Arena.
The deal will see the operator utilise IMG Arena’s Golf Event Centre, which was created in association with the world’s leading golf tours and provides shot by shot data and markets, live streaming [...]
Texas-based Lottery.com has entered into a binding agreement that will expand its operations in Mexico and Latin America through the acquisition of online lottery providers JuegaLotto and Aganar.
The acquisition will accelerate Lottery.com's international expansion, with the two brands holding federal licenses to provide official Pronosticos national lottery games throughout Mexico.
JuegaLotto [...]
Sportradar has agreed a deal to acquire leading US college sports data and video analytics provider Synergy Sports.
The acquisition is said to complement and extend Sportradar's product suite with one of the pioneers in automated sports technology solutions and the market leader in data and video analytics in US college [...]