Wagering

CAPSTEAD ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MDLA and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, July 26, 2021

On July 26, 2021, Capstead announced that it had entered into an agreement to be acquired by BSPRT in a cash and stock deal.

Key Points: 
  • On July 26, 2021, Capstead announced that it had entered into an agreement to be acquired by BSPRT in a cash and stock deal.
  • Bragar Eagel & Squire is concerned that Capsteads board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Capsteads stockholders.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

MEDALLIA ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MDLA and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, July 26, 2021

On July 26, 2021, Medallia announced that it had entered into an agreement to be acquired by Thoma Bravo in a deal valued at approximately $6.4 billion.

Key Points: 
  • On July 26, 2021, Medallia announced that it had entered into an agreement to be acquired by Thoma Bravo in a deal valued at approximately $6.4 billion.
  • Pursuant to the merger agreement, Medallia stockholders will receive $34 in cash for each share of Medallia common stock owned.
  • Bragar Eagel & Squire is concerned that Medallias board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Become an Independent Betting Bookmaker Using Chipz Platform

Retrieved on: 
Sunday, July 25, 2021

Chipz is a web-based betting platform that allows users to gamble on any event within betting rooms hosted by others users. To participate, users must have enough CHPZ tokens -- an ERC-20 token used to run the Chipz ecosystem -- to pay for room creation fees.  Besides, a non-custodial wallet belonging to the user must also be linked to their Chipz account. The wallet guarantees payment for gas fees as well as the betting amount.

Key Points: 
  • Enter Chipz ecosystem , a decentralized blockchain-based betting platform that allows users to bet and be their betting bookmakers.
  • Heres what Chipz is all about and how you can become an independent betting bookmaker on the platform.
  • Chipz is a web-based betting platform that allows users to gamble on any event within betting rooms hosted by others users.
  • Once the bookmaker sets the betting conditions, the bettors can select the betting room and wait for the events result.

LouisianaSharp.com Projects $175 Million Louisiana Online Sports Betting Market

Retrieved on: 
Wednesday, July 21, 2021

NEW ORLEANS, July 21, 2021 /PRNewswire/ -- The Louisiana state legislature approved online and retail sports betting earlier this summer.

Key Points: 
  • NEW ORLEANS, July 21, 2021 /PRNewswire/ -- The Louisiana state legislature approved online and retail sports betting earlier this summer.
  • Up to 41 online sports betting licenses and 20 retail sportsbooks could eventually operate in the Pelican State.
  • LouisianaSharp.com projects that the market could bring in $175 million in annual online sports betting revenue.
  • The state's sports betting bill calls for a 15% tax on mobile sports betting revenue and 10% on land-based revenue.

Real Luck Group Ltd. Partners with Aspire Global's BtoBet for Casino and Sportsbook Solutions at Luckbox

Retrieved on: 
Tuesday, July 20, 2021

(TSXV: LUCK) (OTCQB: LUKEF) (the "Company") and its subsidiary companies doing business as " Luckbox " (the "Group"), an award-winning provider of licensed, real money esports betting, is pleased to announce a strategic partnership with Aspire Global's (STO: ASPIRE) BtoBet.

Key Points: 
  • (TSXV: LUCK) (OTCQB: LUKEF) (the "Company") and its subsidiary companies doing business as " Luckbox " (the "Group"), an award-winning provider of licensed, real money esports betting, is pleased to announce a strategic partnership with Aspire Global's (STO: ASPIRE) BtoBet.
  • The partnership is a key component of broadening the company's platform and will add casino games to the Luckbox platform as well as BtoBet's comprehensive sportsbook solution, including esports.
  • Real Luck Group CEO Thomas Rosander said: "BtoBet's industry-leading sportsbook solutions are key to building and improving the Luckbox product and betting offer by allowing customers to bet on traditional and an extended range esports events.
  • We are excited to partner with Luckbox and to support it in its migration from its previous sportsbook provider.

Elys Game Technology Closes US Bookmaking Acquisition

Retrieved on: 
Monday, July 19, 2021

Elys Game Technology, Corp. (Elys or the Company) (Nasdaq:ELYS)(NEO:ELYS), an interactive gaming and sports betting technology company, is pleased to announce that it has completed the acquisition of Bookmakers Company US LLC, a Nevada limited liability company doing business as USBookmaking (USB).

Key Points: 
  • Elys Game Technology, Corp. (Elys or the Company) (Nasdaq:ELYS)(NEO:ELYS), an interactive gaming and sports betting technology company, is pleased to announce that it has completed the acquisition of Bookmakers Company US LLC, a Nevada limited liability company doing business as USBookmaking (USB).
  • We spent the last three years vetting virtually every sports betting technology in existence and determined that the Elys platform was superior to all the other platforms.
  • The combination with USB, which we expect to be transformational, gives Elys Game Technology fully integrated solutions with localized bookmaking expertise in two key regulated sports betting markets, underpinned by one of the newest and most advanced microservices betting technology in the industry.
  • Elys Game Technology, Corp., is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy.

WELBILT ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of WBT and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, July 15, 2021

On July 14, 2021, Welbilt announced that it had entered into an agreement to be acquired by Ali Group in a transaction valued at approximately $4.8 billion.

Key Points: 
  • On July 14, 2021, Welbilt announced that it had entered into an agreement to be acquired by Ali Group in a transaction valued at approximately $4.8 billion.
  • Pursuant to the merger agreement, Welbilt stockholders will receive $24 in cash for each share of Welbilt common stock owned.
  • Bragar Eagel & Squire is concerned that Welbilts board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Oatly Group AB (Nasdaq: OTLY)

Retrieved on: 
Wednesday, July 14, 2021

As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .

Key Points: 
  • As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
  • As disclosed, Spruce Point has a short position in Oatly Group AB and owns derivative securities that stand to net benefit if its share price falls.
  • Spruce Point Capital Management, LLC is a forensic fundamentally-oriented investment manager that focuses on short-selling, value and special situation investment opportunities.
  • Spruce Point Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 288248.

PointsBet Appoints Chantal Cipriano as Vice President, Legal, Compliance & People for Canadian Operation

Retrieved on: 
Tuesday, July 13, 2021

Cipriano joins Nic Sulsky PointsBet Canada's recently appointed Chief Commercial Officer as the company continues to showcase its commitment to building a uniquely Canadian operation fit for and true to the market.

Key Points: 
  • Cipriano joins Nic Sulsky PointsBet Canada's recently appointed Chief Commercial Officer as the company continues to showcase its commitment to building a uniquely Canadian operation fit for and true to the market.
  • "With the legalization of single-event sports betting in Canada, PointsBet sits at the forefront of one of the most exciting new gaming market opportunities in our country.
  • Her practice primarily focused on advising of the requirements related to licensing, compliance and governance, and risk mitigation.
  • PointsBet offers the most markets on all major U.S. sports (NFL, NBA, WNBA, MLB, NHL) and PointsBetting in the world.

OnlineGambling.ca Reports Huge Step Forward for Sports Betting in Canada as Single-Game Betting Bill Passes

Retrieved on: 
Tuesday, July 13, 2021

Sports bettors in Canada can look forward to betting legally on single events after the passage of Bill C-218 by the Canadian Senate in June 2021.

Key Points: 
  • Sports bettors in Canada can look forward to betting legally on single events after the passage of Bill C-218 by the Canadian Senate in June 2021.
  • A new generation of online sports betting in Canada should be under way by the end of 2021.
  • The passage of Bill C-218 brings Canada into line with the way online sportsbooks operate in most territories where sports betting is legal.
  • Until now, the only way bettors could enjoy legalized sports betting in Canada was through parlay betting offered by provincial lotteries.