State of the Union: FanDuel, PointsBet, New York and more

This week is a joint production with SEGEV LLP, a plan that is likely to spin its own brand FANDUEL, the acquisition of BANACH TECHNOLOGY by Pointsbet, and New York. Diana , Ask the results of Pennsylvania and Michigan.

Flatter Entertainment, evaluates the possibility of Fanduel IPO in the United States

Flutter Entertainment has announced that it has evaluated the potential of new stocks (IPO) of Fanduel, a company for sports betting and fantasy sports, mainly in the United States.

The company has recently published a statement (March 15) following the report that it has been reported on a particular trader and evaluates the possibility of selling a specific trader.

Although Fanduel's spi n-off is not certain or imminent, FLUTTER evaluates the possibility that FANDUEL will be a separate company traded on a US stock exchange.

Pointsbet acquires gambling provider Banach Technology for $ 43 million

Pointsbet Holdings has announced that Lockspell Limited, a subsidiary of Irish, has signed a binding contract to acquire sports betting providers Banach Technology.

Based on the contract, the point bet pays $ 43 million to the United States and acquires Dubli n-based Banaks with cash and debt.

Pointsbet has also agreed to provide $ 4 million to Banach to support the change in existing promotion options, and after the acquisition is completed, this amount remains in Pointsbet.

Hbk Investments protests the acquisition of William Hill by Caesars.

HBK Investment Mens (HBK), a asset management fund, intends to oppose the integration of Caesters and William Hill.

As a result, the schedule for the final decision on the acquisition was postponed by one day, on March 31.

Earlier this month, Caesers announced plans to acquire William Hill for £ 2. 9 billion (€ 3. 39 billion / $ 403 billion). With the support of regulatory authorities, the procedure should be completed by April 1st.

New York Congress proposes a mobile gambling license system

The New York Congress has announced a budget proposal from 2021 to 2022, and has revealed that it incorporates license fees and tax systems and monitor the financial effects of legalization of mobile sports betting in the state.

The proposal is to change the state of the state's existing gambling law, correct Governor Andrew Quoomo's proposal, and replace the intensive purchasing model with an alternative structure operated through an existing lan d-based casino in the state.

Draft Kings issues a $ 1 billion senior notebook

Draft Kings, which operates sports betting and Daily Fantasy Sports, has announced plans to issue a convergent bon d-type notes worth $ 1 billion (£ 718 million / 838 million euros) as private bonds.

The bonds are targeted at qualified institutional investors, and the maturity is 2028. DraftKings also gives the first buyer with 13 days of optional rights so that you can purchase additional a total of $ 150 million.

Governor Connecticut, agreed in a revision of the treaty with Mashakan Tacket Pecot

Connecticut Governor Ned Ramont has finalized the gaming agreement with the Mashakan Tacket Pecot, which operates the Foxwoods, and has opened a way to sports betting and online casinos in the state.

The news is similar to the same agreement with the Mojigan tribe, the other monopolized gaming rights of Connecticut, which was announced earlier this month.

Senate in New York, approved the budget that incorporates online sports betting measures

The Senate of New York has passed the 2021-2022 state budget, including provisions and requirements for the operation of mobile sports betting in the state.

This budget reflects many of the provisions of the state parliamentary budget proposal announced earlier this week, among which the mobile sports betting provided through one of the lan d-based casinos in New York. Includes $ 12 million in licensing fees.

The gaming income in February Pennsylvania increases compared to the same month of the previous year, but the monthly profits are over.

Pennsylvania's February gaming profits have ended, but still exceeded four times as February 2020.

The income of online casinos increased by 1 %, compared to 2020, but a decrease of 3 to 3 % compared to January 2021, ending in July 2020. 。

XlMedia acquired Sports Betting Dime for $ 26 million

The affiliated company XLMEDIA has reached an agreement by acquiring US sports book review sites Sports Betting Dime (SBD) for $ 26 million.

SBD was established in 2012 and operated as a mult i-channel platform that provides various data and tools from beginners to advanced, such as betting, trends, reports, futures trackers, and analytics.

New Jersey's Sports Betting Market, February, the same month in February is also sluggish.

The New Jersey Division of Gaming Enforcement (NJDGE) reported year-over-year growth in the state's sports betting and online casino markets in February, but sports betting volume fell to its lowest level since August 2020.

Total gaming revenue for the month was $288. 3 million, slightly higher than the $287. 3 million generated in the same month last year, but down from $346. 4 million in January 2021.

Sports betting begins in North Carolina

The Eastern Tribe of Cherokee Indians and William Hill opened North Carolina's first legal sports betting venues, "The Book," at Harrah's Cherokee Casinos in Cherokee and Murphy.

In April 2019, a tribal sports betting bill was passed by the Senate. The bill would classify sports betting as a Class III gambling business, meaning the Eastern Tribe of Cherokee Indians could offer sports betting at both casinos under a Class III agreement.

Mohegan confirms CEO Kontomerkos resigns

Mohegan Gaming & Entertainment (MGE) announced that Mario Kontomerkos will step down as CEO at the end of this month.

Kontomerkos will officially step down on March 31, and current COO Ray Pino will serve as CEO on an interim basis, pending regulatory approval.

Online betting on March Madness will soar as tournament betting evolves

New data from the American Gaming Association (AGA) shows that more than 17 million Americans will use online betting to bet on March Madness in 2021, up 206% from 2019.

Additionally, a Morning Consult survey of 2, 200 adults found that more than 47 million Americans will place bets on the entire NCAA Men's Basketball Tournament.

Bally's Signs New Partnership with Major League Baseball

Bally's has partnered with Major League Baseball (MLB), marking its third partnership with a professional sports league in North America.

Under the agreement, Bally's becomes an official gaming partner of MLB, giving the operator access to official branding, logos and data for the league and MLB teams.

Evolution Launches Live Casino with Canadian Lottery

Evolution has signed agreements to supply live casino games to the lottery operations of Canadian Bank Note Company (CBN) and Alberta Gaming Liquor & Cannabis (AGLC).

CBN will henceforth allow lotteries that operate or maintain internet to offer live casino games in accordance with the rules of their district.

Michigan sports betting winnings fell in February, but gaming increased

According to the Michigan Gaming Control Board, gaming revenues in February increased 171. 8% compared to the previous month, while sports betting profits in the state fell 28. 6%.

Total online gaming revenues for the month were $89. 2 million, more than double January's $42. 7 million.

Playstudios profits increase to $269. 9 million in 2020.

Public game developer Playstudios has announced preliminary cash results for the fourth quarter and full year 2020, showing rescues for those periods of $64. 0 million and $269. 9 million, respectively.

Year-over-year growth in rescue in 2020 was 12, 7%.

Wyoming sports betting bill moves to the Senate after initial disagreements.

A bill to legalize online sports betting in Wyoming has finally passed the House and moved to the Senate after a first round of votes.

House Bill 0133, which would target online sports betting in Wyoming, failed by a 32-28 vote last week, but passed by another 32-28 vote on its second attempt.

Churchill Downs Raises $500 Million in Senior Notes and Term Loans

Churchill Downs Incorporated (CDI), which operates horse racing and betting, has raised $500 million in interest through term loans and senior notes.

Both deals were announced last week, raising $300 million in term loans and $200 million in senior notes. Both deals achieved their initial goals.

Everi Appoints Kate Lowenhar-Fisher as Chief Legal Officer

Everi Holdings, a company that develops digital casino and fintech products, has appointed Kate Lowenhar-Fisher as executive vice president, key counsel, key advisor and corporate secretary.

Lowenhar-Fisher brings more than 18 years of team, legal and compliance experience to Everi's legal and compliance management.

Indiana Sportsbooks: FanDuel Tops with $17M in Revenue in February

Indiana's regulated sports betting market saw revenues increase by nearly $100 million in February to $273. 9 million, up 31. 6% from the same month last year, but both profits and revenues declined compared to January.

Adjusted gross profit for February was $17 million, up 53. 2% compared to the same month last year, but down from January.

Kindred Brings Gamban Blocking Software to the U. S.

Kindred Group, which operates Unibet, announced that its South American team has partnered with UK-based self-exclusion software provider Gamban to offer gaming blocking software to customers for the first time in the U. S.

Gamban's software acts as an online gambling self-exclusion tool, allowing players to block access to any gambling site on their individual devices.

Ghiotto Remains CEO of Foxwoods

Foxwoods Resort Casino in Connecticut, operated by the Mashantucket Pequot Nation, will be permanently replaced by Jason Ghiotto, who has served as direct CEO since April 2020.

Ghiotto, who will be the first member of the Mashantucket Pequot tribe to serve as CEO of Foxwoods, initially assumed the direct role following the retirement of John James after nine months last year.