Fast Track

Sports Betting News


Webis secures loan to support California sports betting expansion

Shares in betting and racetrack operator Webis Holding soared by more than a third in London Thursday after the company secured a new term loan to support its US expansion.

The primary purpose of the $500,000 loan is to further develop and market its Watch&Wager subsidiary in California, with the [...]

3 mins read
Sportradar Virtual Baseball

Opinion: Sportradar brings new realism to virtual sports

At ICE last month we spoke to Sportradar’s Frank Wenzig, Managing Director of Gaming. He talked to us about the latest addition to their virtual sports betting offering and the importance of creating a lifelike sports betting alternative within their gaming solutions.  

What is the benefit of having Virtual Sports as part of a [...]

5 mins read

Catena Media shares soar on positive trading update

Shares in Catena Media soared by more than 60 per cent in Stockholm Wednesday as the online lead generation specialist revealed that it does not expect any negative long-term revenue effects from COVID-19.

The company said that revenue increased by 6 per cent to €18.0m during the first two months of 2020, [...]

3 mins read
MGM Resorts

MGM Resorts pledges support for those impacted by COVID-19

New York-listed casino operator MGM Resorts International has pledged to donate $1m and provide the equivalent of 400,000 meals to support those impacted by the coronavirus pandemic in the United States.

The $1m crisis and disaster pledge will go into an Employee Emergency Grant Fund, which provides the company’s employees and their immediate families with [...]

3 mins read
Relax Gaming

Relax Gaming expands platform with Inspired Entertainment deal

Casino games supplier Relax Gaming has further expanded its Powered By platform with the addition of new content from Inspired Entertainment.

Inspired’s top-performing slot and virtual titles will be integrated with the Relax Gaming platform, including its new V-Play Plug & Play virtual sportsbook solution.

“Our partnership programmes have continued to expand significantly since launch, [...]

2 mins read
Philippines Flag

PAGCOR releases €218m for COVID-19 response fund in the Philippines

The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) has released P12bn (€217.6m) to the National Treasury to help cushion the economic impact of the COVID-19 pandemic.

The remittance comprises the agency’s cash dividends for 2019 and is P5.67bn higher than PAGCOR is required to remit.

PAGCOR chairman and CEO Andrea Domingo said that [...]

1 min read

Latvian gambling regulator seeks advice on interactive license suspensions

Latvia’s gambling regulator has asked the Ministry of Justice to provide guidance and clarity on emergency measures adopted Friday to combat the spread of COVID-19, which appear to include the suspension of online gambling licenses.

The measures adopted Friday by the Latvian parliament are meant to control the spread of the virus and to provide [...]

1 min read
888 Holdings

888 Holdings sees opportunities for growth in spite of virus impact

The board of London-listed gaming operator 888 Holdings said Tuesday that there a number of strong growth opportunities that the company will seek to progress in 2020, in spite of the expected negative impact of COVID-19.

The online gaming and betting operator noted that the worldwide sporting cancellations witnessed so far this year in response [...]

1 min read

New Zealand racing suspended as TAB retail outlets prepare to close

New Zealand has suspended all racing with immediate effect as the country prepares to close down all non-essential services for at least a month.

The TAB and New Zealand Racing are taking steps to close retail outlets and all racing has been temporarily suspended following the announcement that New Zealand is moving to [...]

1 min read

IGT names new finance chief and rejigs board of directors

New York-listed supplier International Game Technology (IGT) has appointed Massimiliano Chiara as executive vice president and chief financial officer.

Chiara will take up his new role on 6 April and joins IGT from London-based capital goods company CNH Industrial, where he most recently served as CFO and chief sustainability officer.

Prior to CNH [...]

3 mins read

Formula 1 goes virtual with new series to replace postponed races

Premier motor racing competition Formula 1 has launched a new F1 Esports Virtual Grand Prix Series to replace races postponed by the ongoing COVID-19 pandemic.

Featuring a number of current Formula 1 drivers and celebrities including Lando Norris, Esteban Gutierrez, Sir Chris Hoy and One Direction’s Liam Payne, the series has been created [...]

3 mins read

Australia latest to shut down gaming venues with restrictions lasting up to six months

Casinos in Australia could be closed for up to six months under new restrictions brought into force to contain the spread of COVID-19, including the shutdown of non-essential activities across the country.

In a National Cabinet meeting Sunday, Prime Minister Scott Morrison and state and territory leaders agreed to implement new [...]

1 min read
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