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Las Vegas-based casino giant MGM Resorts International scored a major win against its rivals in the U.S. sports betting scene after becoming the NBA’s official gaming partner.
NBA describes its deal with MGM as a “leap of faith.”
While MGM and NBA remained mum on the terms of the deal, it is said that the league will give MGM access to NBA’s data feed for $25m over a three-year period. MGM is also given rights to team logos and the bragging rights of being NBA’s “official partner.” The deal is deemed to be historic as it marks the first time that NBA had a B2B partnership with a sportsbook. This is also seen as a compromise for sports leagues to cash in on betting while they continue to fight for their “integrity fees.”
| RAFI'S MARKET |
On Las Vegas Sands and margin calls, a dip-buying lesson for us all
CalvinAyre.com’s Rafi Farber looks into the stocks of Las Vegas Sands and gives a cautionary tale about margin calls.
| FROM COINGEEK.COM |
Bitcoin Cash makes a huge jump in acceptance in Cyprus
Bitcoin BCH users won't have any problem shopping in Cyprus as more than 70% of retail outlets in the country are ready to accept the world's functional cryptocurrency, says Bitcoin.com's Roger Ver.
| GLOBAL ROUND UP |
| ASIA |
Business of Hong Kong-listed gaming investor in the first half of 2018 was buoyed by the improved performance of its cruise segment, slashing the company’s net loss by at least 17%.
The gaming technology provider clarified that while they are asking clearance to provide services to Philippine Offshore Gaming Operators (POGO) licensees, they are not eyeing a POGO license of their own.
| EUROPE |
Ireland president: Gambling and sports don’t mix
President Michael D. Higgins said that he is inclined to approve legislation banning gambling advertising at all sporting events, saying that sports gambling addiction has reached “epidemic” proportions.
Apax Partners buys Genius Sports
Genius Sports, a company that collects and distributes official data related to players and games, has been acquired by private equity firm Apax Partners for an undisclosed amount.
| NORTH AMERICA |
Caesars races to cash in on NJ, Mississippi sports betting market
The casino operator has joined its rivals in reaping the fruits of the legalized sports betting market in the U.S. after allowing its casinos in Atlantic City and Mississippi to take on sports wagers.
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| PRESS RELEASES |
SoftGamings and SA Gaming announce partnership
SoftGamings tapped SA Gaming to provide traditional and western live games, Hot Model slots, and Asian-themed slot games for their online casinos.
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