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Mobile games supplier Playtika announced this past June that it was considering an initial public offering in the US, partially as a means to overcome the impact caused by COVID-19. At the time, the company, which is owned by an investor group out of China, had anticipated a $1-billion offering, and it has been quietly moving toward the launch of its IPO since then. According to Reuters, it has now taken a major step forward, filing its offering with the US Securities and Exchange Commission. If things go according to plan, the company will be valued at about $10 billion as a result of the IPO. However, things might not work out as expected.

THE LONG CON

Stephen Crystal, Founder of SCCG Management and Head of Betfred Sports USA Development, joined CalvinAyre.com’s Becky Liggero Fontana to discuss how the gambling industry can push forward on this week’s episode of The Long Con.

FROM OUR FRIENDS AT COINGEEK

Bitcoin is a system “for the real world economy” and “the plumbing of business,” said Ella Qiang, regional manager for Southeast Asia at the Bitcoin Association. Speaking on a fintech panel at Montreal’s online MTL Connect conference, Qiang said Bitcoin is offering something completely new in confusing times: an economic layer for the Internet that fuses data and money.

DAILY ROUNDUP

PRESS RELEASE

The Betting on Sports America – Digital conference and exhibition has announced a star-studded lineup of speakers slated to take the virtual stage in early December, including senior executives from William Hill US, MGM Resorts, theScore, Roar Digital, GVC Holdings, and leading state lotteries. The initial speaker roster rounds out a robust eight-track agenda for the December 1 & 2 event that will examine the major issues affecting the growth path of the US sports betting industry.

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