Clever Advertising has agreed to acquire the Pickswise sports betting picks brand from Spotlight Sports Group for an undisclosed sum. The announcement said Pickswise will keep its name, website, apps and social channels, while Clever Advertising plans to invest in the brand and expand its US reach.
The deal transfers a sports betting media brand while retaining its existing consumer-facing platforms.
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Churchill Downs’ historical horse racing machine revenue in Virginia fell by a blended 5.6% in October, with Richmond-area parlours recording larger declines, according to reported figures. Colonial Downs revenue dropped 18.1% to $3.5 million, while the Richmond-area Rosie’s generated $10.4 million, down 17.8%.
Churchill Downs owns every one of the historical horse racing machines, and the combined rate for them was minus 5.6 percent. Without counting Richmond, the historical horse racing machines saw a two percent slippage. Only two of the Churchill Downs properties ended the month revenue-positive.
SCCG Management said its portfolio company Tater supplied data for a CNBC segment about US midterm election prediction markets. The chart showed a 74% probability for Democratic control of the Senate, compared with 87% implied by individual contracts, according to the company’s account.
Play’n GO is reportedly preparing for a possible sale to a major regulated gaming business, with sources describing a potential deal in the hundreds of millions of euros. Chief executive Johan Törnqvist declined to comment; Aristocrat, Genting and Light & Wonder were mentioned as possible buyers, not confirmed bidders.
Play’n GO is reportedly exploring a sale to a major regulated gaming business. Sources reportedly said a deal could be worth hundreds of millions of euros. When contacted, co-founder and chief executive Johan Törnqvist replied: "No comment."
StarCasinò launched four slots exclusively in Italy between 2 and 5 November, the company said. The titles came from Blueprint Gaming, NetEnt, Peter & Sons and TaDa Gaming.
Four new slots have reportedly launched on StarCasino.it, each exclusive to the Italian market, during the first week of November. The titles come from Blueprint Gaming, NetEnt, Peter & Sons and TaDa Gaming.
Raketech chief executive Johan Svensson said the company would use €1.3m in free cash flow to amortise its bank facility and invest in Sweden, Denmark and Italy. The report said Q3 revenue from continuing operations fell to €5m from €6.2m a year earlier, while adjusted EBITDA was €1.2m.
Johan Svensson said the group intends to use €1.3m of free cash flow for investment. Cash generation is earmarked for paying down the bank facility and for ongoing investment in core markets including Sweden, Denmark and Italy. For those markets, the plan includes growing "industry and sport media" and building up "commercial capability within SubAffiliation".