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Joshua Buckley
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PlayUp Valued at $350 Million In SPAC Deal with IG Acquisition Corp
Australia-based sports betting operator PlayUp announced this week that it is going public in a SPAC deal valued at $350 million. PlayUp, whose app offers various products from sports betting to daily fantasy to casino games, is being acquired by IG Acquisition Corp (IGAC) following a strategic review. IGAC expects the transaction to close in […]
California Prop 26 Controversy is Reminiscent of Failed Attempts to Legalize Online Poker
On November 8, Californians will vote on two key ballot measures. Each of these seeks to legalize sports betting. However, they also have the potential to impact the broader gaming industry in the state. Proposition 26 would legalize sports betting at American Indian gaming casinos and licensed racetracks in the state. Proposition 27 would allow […]
Lottery.com’s Troubles Continue as Four Board Members Resign
Four board members of lottery broker Lottery.com resigned this week. They explained that their decisions were “related to recent Board practices.” These resignations are the latest indication that the tech company is in truly dire straits. Lottery.com is one of several companies that operate on a lottery courier model. Buying lottery tickets online is illegal […]
The Intersection Between Social Media and Gambling is Growing, but Controversial
Social media influencers are steadily becoming more prevalent in casino gaming. The best recent example of this trend is a slot machine called Pop’N Pays More featuring the likeness of YouTube personality Brian Christopher at the Plaza, the Palms and M Resort in Las Vegas. While Pop’N Pays More has immediately become a big draw, […]
TransUnion Study Offers Insight On Mobile Sports Bettor Demographics and Inflation
A new study from financial research firm TransUnion revealed that more than half of mobile sports bettors earn high incomes. The study defines high earners as those with incomes over $100,000 per year. TransUnion’s online survey polled 2,739 adults across the country, of which 54% fall into that bracket. Previous research from the National Council […]
Penn Entertainment To Increase Stake In Barstool Sports To 100%
Barstool Sports will soon become a wholly-owned subsidiary of Penn Entertainment. The transaction, expected to be completed in February, will see the latter exercise its contractual right to acquire the remaining shares of Barstool. Penn Entertainment (still known as Penn National Gaming at the time) first invested in Barstool in 2020. It acquired a 36% […]
