M&A
Skillz to go public on NYSE through SPAC
Mobile gaming platform Skillz Inc will go public on the New York Stock Exchange through a merger with special purpose acquisition company Flying Eagle Acquisition…
State of the Union: Caesars, New Jersey, college football and more
This week’s State of the Union, in partnership with Segev LLP, covers the first results update from Caesars Entertainment since the merger between the former…
FansUnite completes Askott acquisition
Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.…
Online potential prompts IAC to acquire $1bn MGM stake
Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity. IAC,…
HeadsUp resurfaces with igaming acquisition in “final stages”
HeadsUp Entertainment – the former owners of the Canadian Poker Tour – said it is in the “final stage” of negotiations to acquire an online betting and…
Rush Street Interactive to go public on NYSE
Rush Street Interactive (RSI) is set to be the latest US online gambling operator to go public after agreeing a reverse merger with special purpose…
Eldorado-Caesars to sell trio of IN casinos to complete merger
The Indiana Gaming Commission has approved the proposed merger between Eldorado Resorts and Caesars Entertainment, but has ordered the combined entity to sell three casinos…
State of the Union: Michigan, Nevada, Golden Nugget and more
This week’s State of the Union, in partnership with Segev LLP, covers the opening of Michigan’s application process for online sports betting and igaming licences,…
DraftKings losses widen further in Q1 despite revenue growth
DraftKings and SBTech both saw revenue grow in the first quarter of 2020, but combined losses widened to $74.0m in the pair’s last full quarter…
QL Gaming acquires sports forecasting service Accuscore
Sports data and affiliate business the QL Gaming Group has acquired Finnish sports forecasting company Accuscore and raised $1.1m in a new round of funding.…
DEAC shareholders approve SBTech-DraftKings merger
Shareholders of Diamond Eagle Acquisition Corp. have approved the acquisitions of DraftKings and SBTech and the public listing of the new entity. At a shareholders’…
DraftKings reveals $114.1m loss in SBTech merger statement
Diamond Eagle Acquisition Corp – the special purpose acquisition company formed as part of DraftKings and SBTech’s merger – has filed a registration document revealing…
Eldorado Resorts and Caesars merge to create US gaming giant
Eldorado Resorts and Caesars Entertainment Corporation have entered into a definitive merger agreement that will create a new market leader in the US gambling sector. …
Better Collective boosts US presence with RotoGrinders deal
Stockholm-listed Better Collective will significantly expand its presence in the US market through the acquisition of daily fantasy and sports betting affiliate Rical LLC, operator…