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BigTimeGaming

GAN agrees exclusive iGaming distribution deal with Ainsworth

New York-listed gaming technology supplier GAN has agreed a multi-year deal to serve as the exclusive distributor of Ainsworth Game Technology’s slots to iGaming operators in the United States.

The agreement gives GAN the sole right to distribute Ainsworth’s portfolio of more than 70 slot titles in regulated US online gaming [...]

3 mins read

Crown Resorts rejects Blackstone proposal as it mulls Star merger

Australia’s Crown Resorts is continuing to engage with The Star Entertainment Group regarding a potential merger of the casino businesses after rejecting an indicative takeover offer by The Blackstone Group.

Crown Resorts said Monday that Blackstone’s revised indicative cash offer of AUD$12.35 per share, up from its original proposal of $11.85 [...]

1 min read

Crown reaches agreement with regulator to reopen Sydney venue

Australian casino operator Crown Resorts could be allowed to open its Sydney venue by the end of this year after reaching an agreement with the New South Wales Independent Liquor and Gaming Authority (ILGA).

Following an investigation by the ILGA, headed up by Commissioner Patricia Bergin, Crown had been found “unfit” [...]

1 min read

Gaming Realms signs Slingo license extension with Scientific Games

London-listed Gaming Realms has signed a new four-year Slingo licensing agreement with Scientific Games.

The new agreement extends a long-running relationship with Scientific Games and continues its exclusive right to create and produce Slingo-branded lottery instant scratch games, as well as terminal generated and draw-based games.

SLINGO has been a part of [...]

2 mins read

Crown Resorts names Steve McCann as new CEO

Sydney-listed casino operator Crown Resorts has appointed Steve McCann as its new chief executive and managing director, as the company weighs up several offers to acquire the business.

McCann is an experienced global executive with an acute understanding of the Australian corporate and regulatory environment after a 25-year executive career. He [...]

3 mins read

Australia’s Star Entertainment tables offer to merge with Crown

Australian casino operator Star Entertainment Group has submitted a non-binding proposal to merge with rival operator Crown Resorts to create a potential AUD$12bn gaming giant.

The indicative proposal would see Star Entertainment merge with Crown at a nil-premium share exchange ratio of 2.68 Star shares per Crown share.

Based on recent trading [...]

1 min read

PointsBet enters US racing market with Premier Turf Club acquisition

Sydney-listed PointsBet has agreed a deal to acquire US-based advance deposit wagering (ADW) operator Premier Turf Club.

PointsBet will acquire the pari-mutuel wagering operator through its wholly owned subsidiary PointsBet USA for $2.9m, with the transaction expected to close later this month.

The acquisition will position PointsBet in the growing US racing [...]

1 min read
Tabcorp

Apollo Global Management increases bid for Tabcorp business

Alternative investment firm Apollo Global Management has matched Entain’s offer to acquire Tabcorp’s Wagering and Media business.

Apollo has submitted a revised indicative proposal which values Tabcorp’s wagering and media business at AUD$3.5bn (US$2.7bn), matching the improved offer submitted last month by London-listed gaming operator Entain.

Tabcorp launched a strategic review in [...]

1 min read
Intralot

Intralot sees 2020 revenue decline by 17%

Athens-listed gaming and lottery supplier Intralot has reported a 17 per cent fall in full year revenue to €364.8m in 2020, as results were negatively impacted by the Covid-19 pandemic.

Despite recording a 4 per cent improvement in revenue during the final quarter of the year, full year revenue declined to [...]

1 min read
PointsBet

PointsBet launches inaugural iGaming platform in Michigan

Sydney-listed sports betting operator PointsBet has gone live with its first iGaming offering in the United States with its launch in Michigan.

PointsBet has operated in the regulated Michigan gaming market since January when its launched its sports betting platform there, with its iGaming offering now live following approval from the [...]

2 mins read
PointsBet

Strong Q3 for PointsBet as Australia and US handle soars

Sydney-listed sports betting operator PointsBet recorded strong growth in its fiscal third quarter ended 31 March, with net win soaring by 246 per cent to AUD$64.9m.

Turnover from its Australian and US sports betting businesses increased by 236 per cent year-on-year to $905.2m during the quarter, with turnover in Australia rising [...]

1 min read

Flutter Entertainment benefits from strong online growth in Q1

Betting and gaming operator Flutter Entertainment grew first quarter revenue by 32 per cent to £1,485m, despite the covid-related closure of its European retail estate.

Sports betting revenue in the first quarter of 2021 amounted to £896m, an increase of 43 per cent year-on-year, while Gaming revenue improved by 18 per [...]

1 min read
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