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Business
January 15, 2021
26 Capital Acquisition’s IPO Places Common Stock for $240M
A special purpose acquisition company (SPAC), 26 Capital Acquisition Corp, announced today it offered 24,000,000 of units priced at $10 per share in its initial public offering (IPO), after filing and declaring effective a registration statement to the Securities and Exchange Commission (SEC). Placing Shares and Warrants Listed on the Nasdaq Capital Market, the units […]
Business
January 15, 2021
Playtika Goes Public, Raises $1.88B through an IPO
Gaming developer Playtika launched an initial public offering (IPO) today, selling to the public 69,500,000 shares of its common stock. Earlier in the month, the company announced its intention to go public and list on the Nasdaq Global Select Market, expecting the offering price to be between $22 and $24, but today it initiated the […]
Business
January 15, 2021
Entain Looking to Appoint Jette Nygaard-Andersen as CEO: Sources
In the midst of a takeover bid from North American partner MGM Resorts, the rebranded GVC Holdings, Entain, is reportedly seeking to appoint Jette Nygaard-Andersen as permanent CEO to take over from departing CEO Shay Segev. Jette Nygaard-Andersen to Potentially Take Entain’s Top Job Entain is reading up to inaugurate its first female chief executive, […]
Business
January 14, 2021
Entain Should Up the Bid, Enlabs Large Shareholder Suggests
Entain’s acquisition bid to Baltic operator Enlabs AB disappointed some shareholders of the acquired company, a report in EGR reveals. Earlier in the month, the wholly-owned by Entain Malta-based subsidiary Bwin Holdings offered SEK2.8 billion for the Nasdaq First North-listed operator. Entain’s Acquisition Bid in Tatters The tabled bid of SEK40 per share “significantly undervalues […]
Business
January 14, 2021
888 Post-Close Trading Update Suggests Even Better 2020 Results
Online gaming group 888 Holdings issued a post-close trading update to further raise the bar of expectations related to its full 2020 calendar year financial results, following on its December announcement to investors the performance would be above market consensus. Records in Active Customers and Revenue Following on the performance post the December 2 trading […]
Business
January 14, 2021
theScore off to a Stellar Start with F2021 Q1 Financial Results
According to recent numbers revealed by the Canadian digital media company, theScore, it looks like the company is off to a stellar start of the year. First-quarter results of the fiscal 2021 year show that the gaming handle of the company grew by 535%. theScore Revealed Numbers Outlining a Stellar 2021 Start The Canadian digital […]
Business
January 14, 2021
Penn National and Choice Hotels Merge Loyalty Programs for Improved Experiences
Choice Hotels has teamed up with Penn National Gaming, merging the two companies’ loyalty programs to drive new synergies and benefits to business. Penn National and Choice Hotels Loyalty Programs Integrate Penn National Gaming and Ascend Collection hotels operator, Choice Hotels International, have agreed to pool efforts and integrate their loyalty programs for better overall […]
Business
January 14, 2021
Indiana Hits Record with $313 Million Sportsbook Handle
Indiana became the fifth state to surpass $1 billion in wagers, with a record-breaking $313 million sportsbook handle in December. Fifth State in US History The Indiana Gaming Commission released Tuesday the sportsbook handle for December, finishing 2020 with record-breaking results since September. Becoming the fifth state in the US to pass $1 billion in […]
Business
January 13, 2021
Scientific Games and Loto-Quebec Extend Instant Games Deal
Technology provider for the gaming industry Scientific Games (SG) announced its instant and hybrid lottery games contract with Loto-Quebec was extended and would run through January 31, 2022. “Scientific Games produced Loto-Québec’s very first instant game 50 years ago, and the tradition of our partnership will continue through this contract extension.” Marie-Claudel Lalonde, Senior Director, […]
Business
January 13, 2021
Consumer Electronics Show Receives Support by Las Vegas Operators
More than two dozen operators in Las Vegas showed support for the online version of the Consumer Electronics Show by displaying a marquee message before the start of the show. Although the annual event is usually held in Las Vegas, this year’s edition is online because of the COVID-19 pandemic. Operators in Las Vegas Show […]