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Penn National Employee Charged with Insider Trading
Amateur criminals often find that they’d have been better off leaving things to the professionals. In what may prove to be an example of that, the Securities and Exchange Commission (SEC) recently charged a Penn National Gaming employee with insider trading. Earlier this month, the SEC alleged that David Roda, 36, and a childhood friend […]
Bonus.com Q&A With Huddle: CEO Francesco Borgosano on Odds-Making, Trading
For US online sportsbooks, every second matters. To that end, some online gambling operators are investing in real-time odds-making and trading tools. Firmly within those software providers sits New York City-based Huddle Tech. Huddle CEO Francesco Borgosano recently spoke with Bonus.com about the growing field. At the moment, many online gambling operators are keeping their […]
Bally’s Corporation Announces $190 Million Share Buyback Via Dutch Auction
The story of US online gambling industry strategy is one of tortoises versus hares. Bally’s Corporation has always positioned itself firmly in the former camp. Like almost every company in every industry, Bally’s is on a downswing. From January 1 to the beginning of this week, its stock ($BALY) had lost over half its value. […]
Slingo Developer Gaming Realms Approved By Connecticut Regulator
NorthStar Gaming, NorthStar Bets Parent, May Go Public Soon
Ontario’s expanded online gambling marketplace isn’t even three months old and there’s already a notable pending IPO. NorthStar Gaming, the parent company of NorthStar Bets, is pursuing a plan to go public through a reverse takeover of Baden Resources. The news didn’t come from NorthStar, though. NorthStar Bets is an online casino and sports betting […]
Evolution Acquires The Edgiest Name In Slots Design, Nolimit City
B2B gambling giant Evolution is growing bigger still. It announced today that it would acquire the unique slots developer Nolimit City. The deal is worth an immediate €200 million ($210 million) in cash, plus additional payments contingent on performance. If maxed out, these could make the deal worth €340 million ($358 million) in total. Evolution’s […]
BetMGM to Offer Online Casino, Sports Betting on Carnival Ships
BetMGM is taking domain over land, sea, and air. As in, the No. 1 US online casino brand in all legal states is adding its site domain name to cruise ships. Today, BetMGM announced its online casino and online sportsbook partnership with Carnival Corporation. The partnership applies to more than 50 ships ported in the […]
Online Gambling Revenue Figures for May Show Summer Slowdown Has Begun
We’ve become accustomed to headlines about legal online gambling states setting monthly revenue records. They’re so common as to have become repetitive. However, you won’t see any such headlines for US online casinos this month. Essentially all* states with legal online casinos have seen daily average gross gaming revenue (DAGGR) drop from April to May. […]
Playtech Days Away From ‘Pure-Play’ iGaming Status, Possible Takeover Bid
Playtech may have a whole new outlook on the world shortly. That’s because Friday is the deadline the company gave an unnamed investor group to submit a bid for its acquisition. The Isle of Man-based online gambling software supplier also announced a separate plan to streamline its business today. On June 30, the sale of […]
One-Time ‘Bro’ Gary Vee’s All Grown Up, But Can DraftKings Marketing Keep Up?
DraftKings is getting the best version of Gary Vee. I’ve been around Gary Vaynerchuk, more commonly known as Gary Vee, since he was shilling wine. Then he became a marketing thought leader and in-demand keynoter. Finally, he became a cultural phenomenon. This is where DraftKings, daily fantasy giant turned sports betting and casino operator, picks […]
