SBTech
State of the Union: DraftKings, Rush Street, NV and more
This week’s State of the Union, in partnership with Segev LLP, covers DraftKings and Kambi’s decision to cooperate as the operator migrates from Kambi’s platform…
DraftKings and Kambi to cooperate for Q3 2021 tech migration
Daily fantasy and sports betting operator DraftKings and B2B sports betting supplier Kambi have reached an agreement to cooperate on DraftKings’ migration from Kambi’s back-end…
Oregon Lottery sees betting handle and revenue rise in May
The Oregon Lottery’s SBTech-powered Scoreboard sportsbook app has begun its recovery from the sporting shutdown caused by novel coronavirus (Covid-19), with revenue and handle both…
State of the Union: DraftKings, PA, IGT and more
This week’s State of the Union, in partnership with Segev LLP, covers DraftKings’ results for the final quarter before its merger with SBTech closed, as…
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…
State of the Union: SBTech-DraftKings, Nevada, Tennessee and more
This week’s state of the union, in partnership with Segev LLP, covers approval from Diamond Eagle Acquisition Corp. for the acquisition of DraftKings and SBTech,…
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’…
State of the Union: Pennsylvania, WSOP, Oklahoma and more
This week’s State of the Union, in partnership with Segev LLP, covers Covid-19-hit March revenue figures from Pennsylvania and Delaware, as well as the cancellation…
SBTech ordered to set aside $30m to settle cyberattack claims
The sellers of sports betting technology provider SBTech have been ordered to set aside $30m in cash and stock to settle any claims relating to…
State of the Union: Coronavirus, NV, Apple, RI, DE and more
This week’s State of the Union, in partnership with Segev LLP, once again covers the impact of the novel coronavirus (Covid-19) pandemic on the US…
SBTech-powered sites taken offline by cyberattack
SBTech is close to completing the process of bringing its clients’ websites back online after a cyberattack saw more than 50 sportsbooks powered by the…
Mounting costs lead DraftKings to 2019 loss
DraftKings’ revenue increased year-on-year for 2019 and but losses widened, as its merger with SBTech approaches, but the operator remains confident of seeing earnings exceed…
Judge rules SBTech-Oregon Lottery contract must be disclosed
A Circuit Court judge in Oregon has ruled that SBTech must disclose the terms of its contract with the state’s lottery to provide sports betting…
Oregon sportsbook set for first year loss
The Oregon Lottery’s SBTech-powered sportsbook, Scoreboard, is set to lose more than $5m for the first nine months of the state’s fiscal year. The Oregon…