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Business
October 5, 2020
Penn National Restores Executives’ Salaries as Operations Recover
Executives at Penn National Gaming will now receive full salaries after taking a cut in April. The move comes amid a skyrocketing Penn stock price and a positive outlook for the company. Penn Restores Executive Salaries, Copes with Crisis Penn National Gaming has reinstated the salaries of its executive team after the company’s CEO, CFO […]
Business
October 3, 2020
Pronet Appoints Mark Schmidt to Lead African Expansion
Mark Schmidt will be spearheading the commercial market development by Pronet Gaming in the African region. According to Pronet Gaming Chief Sales Officer Colin McDonagh, Schmidt will take the company to the next level of success in the region. Pronet Gaming’s New Director of Sales for Africa Is Mark Schmidt The next-generation platform delivering gaming […]
Business
October 3, 2020
California’s Cache Creek Casino Investigates Suspected Cyber Attack
Yocha Dehe Wintun Nation-owned Cache Creek Casino confirmed on Wednesday that it is investigating a cyber-attack on its servers. Cache Creek Casino Launches a Probe into Cyber Attack On September 20, Northern California’s Cache Creek Casino Resort announced it would shut down temporarily. The casino began a probe into what it called “a systems infrastructure […]
Business
October 1, 2020
DraftKings Signs Partnership Deal with Philadelphia Eagles
Daily fantasy sports and betting operator DraftKings announced today a new strategic partnership with the National Football League (NFL) franchise Philadelphia Eagles. According to the terms of the multi-year deal, DraftKings will be the Official Daily Fantasy Sports Partner and Official Sports Betting Partner of the Philadelphia Eagles. Naming Rights DraftKings will also be granted […]
Business
October 1, 2020
SG Digital Adds NetEnt’s Slot Content to Aggregation Platform
Gaming and lottery provider Scientific Games (SG) announced today its digital division reached an agreement with global online casino supplier NetEnt. Under the terms of the deal, NetEnt’s iGaming content will be distributed through SG Digistal’s OpenGaming platform across regulated US markets. Scientific Games Boosts Its Platform Offering By joining forces with the world’s largest […]
Business
September 30, 2020
Gaming Innovation Group and Hard Rock Terminate Contract
Sports betting technology provider Gaming Innovation Group (GiG) and Hard Rock International (HRI) mutually agreed to terminate their partnership. The 5-year contract was signed in November 2018 as the Seminole-owned casino brand was looking to add a sports betting option to its online product offering. Despite that both parties outlined the mutual partnership was a […]
Business
September 30, 2020
Caesars’ £2.9B Takeover Bid Accepted by William Hill Board
US casino giant Caesars Entertainment, Inc. and UK-based sportsbook operator William Hill PLC reached an agreement regarding the sale of the sports betting company. The £2.9 billion cash offer was initially revealed by Caesars on Monday, when William Hill responded to speculations it was a subject of a takeover bid, confirming it had received two […]
Business
September 29, 2020
Conditional Approval for Tipico to Launch NJ Sports Betting
German bookmaker Tipico is moving closer to its US debut, as it has received a conditional approval to launch sports betting in New Jersey from the Division of Gaming Enforcement (DGE). The sports betting operator is also planning to add iGaming to its product offering as soon as the required approval is granted. Ocean Casino […]
Business
September 29, 2020
JPMorgan Chase Settles Nearly $1B for Spoofing Allegations
JPMorgan Chase agreed to settle investigations into its trading practices by US authorities, as stipulated by three unnamed people with knowledge in the matter cited by Bloomberg. The investment bank accepted a record $920 million penalty for its manipulation tactics in trading metal futures and treasury securities. The Most Expensive Spoofing to Date Market manipulation […]
Business
September 29, 2020
SG Boosts Betsson’s US Sports Betting Push with New Deal
Betsson continues its U.S. sports betting market expansion by signing a key partnership with Scientific Games. Under the partnership, SG will provide its OpenTrade solution to power Betsson’s trading capabilities. Betsson Continues Expansion on the U.S. Sports Betting Market Betsson Group signed a key partnership with Scientific Games today under which SG will deliver its […]