Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The Mazaii logo. The iGaming tech firm is merging with SPAC Relativity Acquisition Corp. (Image: PR Newswire) The deal signals there’s…
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The long rumored sale of Rush Street Interactive (NYSE: RSI) could materialize in two months or less, according to a recent report. A Rush Street Interactive advertisement. The company could be acquired in the weeks ahead, according to a report. (Image: X) Citing unidentified sources, the Off Shore Gaming Association (OSGA) noted that a deal…
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Authorities in the Philippines have uncovered an underground hospital linked to the POGO (online gambling) industry and say they know of two more such operations. Shock discovery: Philippine police discovered an illegal hospital inside an online gambling compound in Pasay City, above, complete with hair transplant tools, dental implants, and skin whitening drips. (Image: PAOCC)…
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It has not been a good year for the broader universe of US-based gaming companies. With the exception of DraftKings, which is higher though lagging the broader market, stocks tied to casino and sportsbook operators are mostly lower on a year-to-date basis while the S&P 500 is up almost 17%. The ESPN Bet logo. Operator…
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A British man has been sentenced to two and a half years in prison in Finland for hacking into two online casinos to steal around €835K (US$900K). Reports from Finland suggest that William Anthony Parker, not pictured, found a way to manipulate the results of games in his favor by exploiting a flaw in the…
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Shares of DraftKings (NASDAQ: DKNG) closed lower by almost 1% today, but some sell-side analysts remain bullish on the stock despite a loss of 18.29% over the past 90 days. A DraftKings billboard appears at Times Square in New York City. An analyst called the stock a top idea for the second half.(Image: NASDAQ) In…
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As highlighted by a year-to-date loss of 3.11%, MGM Resorts International (NYSE: MGM) stock has spent much of 2024 dithering, but a 7.66% jump over the past month indicates the shares have some momentum. Some analysts concur. Bellagio Las Vegas. An analyst is bullish on MGM stock. (Image: Vegas Food & Fun) In a new…
Read moreRush Street Interactive’s BetRivers sports betting platform was dealt a winning hand in Delaware over the weekend when the state’s General Assembly adjourned for the year without passing legislation that sought to end the sportsbook’s monopoly. BetRivers in Delaware now offers Evolution live dealer games for online casino players. BetRivers maintains a monopoly on sports…
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Flutter Entertainment (NYSE: FLUT) today announced the appointments of two new members to its board of directors, one of whom is former Walt Disney (NYSE: DIS) CFO Christine McCarthy. Former Walt Disney CFO Christine McCarthy. She’s one of two additions to Flutter Entertainment’s board. (Image: YouTube) Ms. McCarthy is an accomplished entertainment executive and held…
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Earlier this week, MGM Resorts International (NYSE: MGM) said that its LeoVegas unit is acquiring the the US iGaming and sportsbook operations of Tipico Group for an undisclosed sum — a purchase that’s already drawing praise among some analysts. MGM Grand on the Las Vegas Strip. An analyst is bullish on the operator’s bonds and…
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