Reading Time: 2 minutes
We are back with our weekly update of American gambling news! We will be reviewing the highlights of the American gambling sector, including the latest news and partnerships. Keep up to date by reading on.
Latest News
Greenlite Ventures Inc. No Limit Technology Holdings Inc., a company active in the cryptocurrency and sports betting markets, has signed a Reorganisation Agreement. The agreement was submitted to FINRA as part of its review process for company-related actions. The acquisition will be considered closed once the review has been completed and FINRA informs the company there is no need for further action.
Penn Entertainment will lay off around 100 employees to focus on the growth of ESPN Bet. In an email to staff, CEO Jay Snowden explained that the changes would improve operational efficiency following the company’s 2021 acquisition by Canadian gaming and media giant theScore. About 20,000 employees work for the company.
bet365 has announced the official launch of its Sportsbook and Casino in Pennsylvania, as part of a partnership between Presque Isle Downs casino. Keystone State joins Arizona Colorado Iowa Indiana Kentucky Louisiana New Jersey North Carolina Ohio Virginia and Virginia as bet365 expands its US operations.
DoubleDown Interactive is a leading developer of digital games for mobile and web platforms. The company announced a donation of $10,000 to the ASPCA, the American Society for the Prevention of Cruelty to Animals, to support its mission to stop cruelty to animals in the US.
The BSA/AML Compliance Group has announced that Carole House will be delivering a keynote speech at the Annual BSA/AML Gaming Conference at Caesars Palace Las Vegas on Thursday, 15 August.
DraftKings Inc. The company has announced that it will launch its highly rated online sportsbook, subject to regulatory and licensure approvals. The company’s expected arrival in the nation’s capital is the result of a market-access agreement with D.C. United. This would allow the digital sports entertainment and gambling company to operate within The District of Columbia.
Partnerships
DraftKings is now an official partner in daily fantasy and sports betting for the WNBA. DraftKings receives rights to intellectual property of the league and teams, as well as marketing, activation, and hospitality opportunities at WNBA tentpole events. It can also use official league data to enhance the gaming experience for its fans.
Reevo is a B2B content aggregation and distribution platform that has pioneered the iGaming industry. Vibra Solutions announced a strategic alliance with . REEVO sees this partnership as an important step in enhancing its presence in Latin America. REEVO hopes to expand its reach by leveraging Vibra Solutions expertise and regional insight.
Light & Wonder Inc. The Oregon Lottery announced the purchase of more than 1,200 additional Video Lottery Terminals. The Oregon Lottery has purchased more than 1200 additional Video Lottery Terminals (VLT) less than one year after purchasing 1175 VLTs in response to a successful trial phase. The gaming machines are equipped with a variety of popular games, including BLAZING HEAT CELEBRATIONS (Burning Hot Celebrations), Lightning Tusks, American Original, BIER HAUS (American Original Stars & Bars), QUICKHIT MONEYWHEEL (Quick Hit Money Wheel), Treasure Fruits, Flush Frenzy Poker, and many more.
