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Business
November 11, 2020
Nebraska Casino Legalization Worries Iowa Gambling Industry
Iowa’s gambling industry officials are worried that a vote in Nebraska last week, which greenlighted the opening of several casinos, could hurt their bottom line, the Associated Press reports. Along with the Presidential elections, Nebraska voters approved three constitutional amendments last week, paving the way for casinos to be opened at the six licensed horse […]
Business
November 10, 2020
Bet365 and Oddschecker Extend Odds and market Partnership
Odds comparison website Oddschecker and British gambling firm bet365 have extended their ongoing partnership with bet365’s odds to be displayed as part of a multi-year deal. Bet365 and Oddschecker Ink Fresh Multi-Year Deal Oddschecker and bet365 have minted a multi-year partnership, building on an existing relationship between the two companies. Oddschecker provides consumers with a […]
Business
November 10, 2020
CVC Capital, Apax Partners Bid for William Hill non-US Assets
Two entities are reportedly preparing a bid for William Hill’s non-US assets with CVC Capital Partners and Apax Partners putting a £1.5 billion each on the table, The Sunday Telegraph reported. CVC Capital and Apax Partners Potentially Bidding for William Hill In a mad scramble to the top, CVC Capital Partners and private equity firm […]
Business
November 10, 2020
NV Casinos’ Stock Rallies on News of Pfizer Covid Vaccine Breakthrough
A new preliminary data by Pfizer Inc. has revealed a new vaccine that shows 90% success in protecting against COVID-19, sending Nevada casino operators’ stock up. News of Vaccine Send Casino Stock up in Nevada Just like any other asset, casino operators’ stocks have been prone to jump on good news and slump at the […]
Business
November 9, 2020
MGM Springfield Makes Good on $2.3 Million Debt to City Despite Pandemic Impact
MGM Springfield has repaid an outstanding debt of close to $2.3 million to the City of Springfield, Massachusetts, despite having suffered significant losses due to the coronavirus pandemic, the Springfield Republican reports. The complex had owed the sum since April when it paid about $5.5 million, an initial payment from a total of $7,780,376.32 agreed […]
Business
November 8, 2020
Betting Polls Lack Liquidity, Prone to Wild Swings
Election night was an example of how illiquid markets can cause wild swings to the price movement, a Bloomberg analysis of the events on the night and afterwards reports. And it all started with bettors who did not know what they were doing. Wild Swing on Betting Markets Misled by the early counts in several […]
Business
November 7, 2020
Wynn Resorts Absorbes BetBull into $80M Wynn Interactive
Wynn Resorts and UK social sports betting operator BetBull expanded on their partnership by creating an $80 million joint venture company, as the casino operator is looking to diversify its portfolio of online gaming. As part of the deal, Wynn has also acquired the BetBull business for an undisclosed price. Wynn Acquires BetBull Wynn Resorts […]
Business
November 7, 2020
DraftKings Denied Verbal Authorization for Proxy Betting
Boston-based daily fantasy sports (DFS) and sports betting operator DraftKings responded to reports related to a recent case of proxy betting. A spokesperson for the operator denied claims DraftKings director of sports book Johnny Avello had some kind of a verbal agreement with the Florida resident to engage in proxy betting. $3 Million Parlay Bets […]
Business
November 6, 2020
Influencers to Help Casinos Recover from COVID-19 Pandemic
Influencer marketing is a present-day form of marketing and advertising which oftentimes involves testimonial advertising by organizations or individuals via social media channels. For the last 10 years, the popularity of this activity has increased hundreds of times and currently, the people conducting it are known as influencers. While some people might call this activity […]
Business
November 6, 2020
Wynn Resorts Reports $758.1 Million Loss in Q3, Focuses On iGaming Venture
On November 5, Wynn Resorts reported a net loss of $758.1 million in Q3, a 53.3% decline year-on-year. Despite huge falls in revenue at its two Macau resorts, positive trends have been emerging on the local market. Positive Trends Emerge in Macau High-end hotel and casino developer Wynn Resorts reported yesterday a $758.1 million loss […]