August 29, 2022

Rivalry Corp. Releases Positive Q2 Report

The sports betting operator Rivalry Corp. has recently released their Q2 report showing their handle reached $29.7 million, a 98% increase year-over-year (YoY). Rivalry also showed an increase in revenue by 60% YoY at $4.1 million. Steven Salz, co-founder and CEO of Rivalry believes that the company will only continue to grow into Q3 carrying the momentum.
August 29, 2022

California Sports Betting Proposition Campaigns Are Spending A Lot

With two separate sports betting bills on the ballot in California, advertisement campaigns either for or against have been spending a lot of money. In total the campaigns have spent more than $357 million marking it the most expensive campaign in California’s history. Proposition 26 is mainly backed by tribes as it would allow them to add more games to their casinos and Proposition 27 would allow the start of online betting in the state.
August 23, 2022

MGM To Acquire Swedish iGaming Company

After a surprise bid to purchase LeoVegas, MGM Resorts International has now received full approval to take over the Swedish iGaming company. The deal is said to be worth €575 million with a 44.1% premium of LeoVegas’ last closing price on the SEK, around €44. LeoVegas has until August 30, to formally accept the offer.