Connect with us

Industry News

Institutional Investors and Private Equity Firms Eye the $150 billion US Sports Betting Market

Published

on

nstitutional Investors and Private Equity Firms Eye the $150 billion US Sports Betting MarketReading Time: 2 minutes

 

The NYC Sports Betting Investor Summit brings analysts, fund managers and investors to New York on November 4th to meet Sports Betting license holders, operators and key suppliers.

 The American investment community is not just aware of the $150 billion opportunity legalized sports betting brings, but is actively seeking to learn more about the market and meet its key players.

On November 4th, Clarion Gaming, organizers of the world’s largest gambling event, ICE London, will host The NYC Sports Betting Investor Summit. This event will give the investment community a chance to hear from and meet Sports Betting executives and to debate key questions such as: who will the market share winners be; which will prove to be the most successful partnerships; and could there be continued M&A driven by the theme. The summit will host institutional investors, private equity firms, family offices, venture capitalists, analysts and private wealth managers looking to invest in the legalised US sports betting market. This event will focus on the key elements of the sports betting value chain and identify opportunities for investors, operators and suppliers.

“This is one of the more interesting investment opportunities in US right now” said Christopher Smith of The Firmament Group.

Smith continued, “With a latent demand for betting already in place, the rapid uptake of legislation in several states and proven products and technology to service the demand, it’s a sector that has come to the attention of the private equity community, and has new  investors, who had in the past not been interested in gaming and leisure, looking for information and deal flow in the space.”

The Summit will see CFOs, CEOs, Investor Relations teams and owners of gaming companies and their suppliers meet with institutional investors, private equity groups, hedge funds, venture capitalists, family offices, investment advisors and asset managers as both sides of the deal look to maximize the opportunity the legalization of sports betting brings.

“I have been getting more and more calls from investors that have never invested in this sector before, asking for investment opportunities in US sports betting. It has become so overwhelming, that it’s time for a summit where Wall Street could meet the key players in the betting market,” said Michael Caselli, [industry veteran and current non-executive Chairman at Clarion Events], who adds, “The American sports betting opportunity is by far the greatest opportunity in the sector since the advent of internet gaming 20 years ago.”

 

About the NYC Sports Betting Investor Summit:

The NYC Sports Betting Investor Summit, hosted by Clarion Gaming and co-sponsored by Morgan Stanley, will be held in New York City on November 4th, 2019. The Summit is the first of two back-to-back events in New York that week, and is followed by the Sports Betting USA Conference, also hosted by Clarion Events.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Institutional Investors and Private Equity Firms Eye the 0 billion US Sports Betting Market

Continue Reading

Industry News

Caesars and Eldorado Set Date for Shareholders Meetings

Published

on

By

Caesars and Eldorado Set Date for Shareholders MeetingsReading Time: 1 minute

 

Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Caesars and Eldorado Set Date for Shareholders Meetings

Continue Reading

Industry News

Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

Published

on

By

Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potentialReading Time: 1 minute

 

Watch the winning blaze explode !

Tom Horn Gaming’s new slot game, Hot’n’Fruity, promises to satisfy any craving for a feature-packed, visually attractive gaming entertainment.

In recent months the provider has upped its game, releasing more engaging titles with new innovative features, while still keeping classic player experience alive. This well-balanced combination of new ideas, presented in the form of game mechanics, and a tried and tested game concept, theme or visual is reflected also in Hot’n’Fruity.

Despite its thematic simplicity, this 5-reel slot is extremely engrossing due to its nifty features and winning rhythm. There are two symbols to look for. A W-star symbol appears anywhere on the screen and acts like a random Wild showering players with unexpected big wins.

R-stars are the ultimate characters to come across in Hot’n’Fruity as they trigger a Respin Wild feature when they land on the 2nd, 3rd or 4th reel. They expand to cover the whole reel, remaining in place while the other reels respin.

This game is sure to award lucky players with many winning opportunities. In addition to a nicely devised winning pattern, the art style is extremely well drawn and quickly pulls players into the settings.

The game is just another fruity slot, but a more inspired, nuanced alternative sure to capture the attention of players in many markets. It is available worldwide from 15th October 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

Continue Reading

Industry News

Privatisation of FDJ to Begin in November

Published

on

By

Privatisation of FDJ to Begin in NovemberReading Time: 1 minute

 

Bruno Le Maire, France’s finance minister, has revealed that the subscription period for Française des Jeux’s (FDJ) initial public offering (IPO) will run from November 7–20. The privatisation of FDJ, the leading operator in Europe, in being anticipated as one of the year’s main highlights.

Bruno Le Maire said that French people and investors will have the chance to subscribe to FDJ shares between November 7 and November 20. He added that the state will not fix a limit for the offering, and that retail investors will get one free share for every 10 shares purchased and a 2% discount on the offer price.

The French state currently holds 72% of FDJ, but after the privatisation, it will only have 20% of the company. Government spokeswoman Sibeth Ndiaye said that the ordinance ends the FDJ monopoly to replace it with a limited-term right, set at 25 years and renewable.

“I hope that this privatisation popularly succeeds with the widest participation possible,” Le Maire said. The minister added that the privatisation will allow the company to develop and reach its full potential.

As part of the privatisation, the French government unveiled the creation of the L’autorité nationale des jeux (ANJ), which will replace L’autorité nationale de régulation des jeux en ligne (ARJEL).

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Privatisation of FDJ to Begin in November

Continue Reading
Advertisement
NSoft

Trending