Category: Industry

Esports captures the zeitgeist of 2022. Sadly, its US online gambling industry pioneer will also come and go this year. Today, Vie.gg users found out that the legal gambling site will cease operations on Nov. 1. The Esports Entertainment Group (EEG) site debuted in April in New Jersey. Not only was Vie.gg’s US debut, but […]

There has been a consistent theme to 2022 online gambling revenue updates. While US markets continue to grow, that growth is now slower than it has been in recent years. September gross gaming revenue (GGR) figures for the three major online gambling states – NJ, PA and MI – highlight this trend. In 2021, their […]

On October 10, Las Vegas-based games developer GameCo LLC announced that it has entered into a definitive agreement to merge with Green Jade Games. The combined entity will be known as Green Jade Group. Once the merger is complete, current Green Jade chairman Jesper Kärrbrink will serve as CEO, while current GameCo chair Robert Montgomery […]

“Whiplash” is one way to define recent market fluctuations. It’s also how investors hoping to buy shares in FanDuel may feel. Those investors have been waiting since March 2021 for FanDuel to navigate all the obstacles to its planned US IPO. The last of those challenges seemed to have been a dispute between FanDuel’s primary […]

One would imagine that “commitment”, “evolution” and “focus” are frequently-uttered words around the executive offices of Light & Wonder, Inc. (L&W) these days. On October 6, the Las Vegas-based omnichannel casino supplier announced the acquisition of “substantially all of the assets” of House Advantage, LLC. It paid an undisclosed sum in an all-cash deal for […]

On October 6, the Las Vegas Review-Journal reported that Tilman Fertitta has filed plans with the Clark County Commission to add another major resort to the Las Vegas Strip. According to County records, the proposed project is a 43-story, 2,420-room hotel-casino that will feature villas, convention space, a spa, auto showroom and a 2,000-plus seat […]

On the morning of September 30, Light & Wonder, Inc. (L&W) announced the completion of the sale of its sports betting business, OpenBet. The buyer is US-based sports and entertainment content company Endeavor Group Holdings. Under the reported terms of the deal, Endeavor paid L&W $750 million in cash, plus approximately $50 million worth of Endeavor […]

Casino content provider Everi Holdings Inc. has decided to take a step beyond the gaming market. The company announced Tuesday they have agreed to acquire certain strategic assets of app developer Venuetize, Inc. Venuetize develops mobile apps and related technologies for the sports, entertainment and hospitality industries. Its clients include the PGA Tour, the Memphis […]