Hollywood Casino at Penn National Race Course

Penn National Gaming Completes Acquisition of Score Media and Gaming Inc.

Tuesday, October 19, 2021 - 4:26pm

Penn National Gaming, Inc. (PENN: NASDAQ) (Penn National or the Company) today completed its previously announced acquisition of Score Media and Gaming Inc. (theScore) for total consideration of approximately U.S.$2.0 billion in cash and stock.

Key Points: 
  • Penn National Gaming, Inc. (PENN: NASDAQ) (Penn National or the Company) today completed its previously announced acquisition of Score Media and Gaming Inc. (theScore) for total consideration of approximately U.S.$2.0 billion in cash and stock.
  • View the full release here: https://www.businesswire.com/news/home/20211019005903/en/
    The acquisition of theScore fortifies Penn Nationals digital media and gaming strategy, creating a complete one-stop entertainment destination.
  • Pairing theScore with Barstool Sports provides Penn National with two of North Americas most powerful and unique sports media assets, with the capabilities to generate best-in-class engagement and enhanced customer acquisition and retention across its media and gaming properties.
  • John Levy, Chairman and Chief Executive Officer of theScore, commented, It is a truly exciting time to join Penn National and collaborate with their team to build a highly innovative and first-of-its-kind sports media and gaming company.

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

PALM BEACH,  Fla., Oct. 14, 2021 /PRNewswire/ -- For a long time, the conversation in the gaming world was focused on mobile being the future of the industry. Now, in 2021, the future has officially arrived.  Our society is becoming more dependent on smartphones, with more than 90% of Americans owning a smartphone, and the rest of the developed world is only slightly behind the United States' pace. It is not a surprise that revenue from mobile gaming is rising, but the growth rate is something sportsbooks need to keep an eye on in the future. The more the common gamers pour their money into mobile gaming, the more sportsbooks will need to be ready to pounce. Already more than 40% of smartphone owners are paying at least $50 per month on games, which translates to $600 per year. That isn't a small sum for most people, and a quarter of the users are up to at least $1,000 per year on mobile gaming. Simply put, the future used to be mobile gaming, but it is becoming increasingly apparent that the future is here and the switch from PC gaming to mobile gaming is vital.   A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming. While most users are starting to use mobile gaming more than PC or consoles, the competitive gaming world has not made the switch yet. Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile." Active gaming and tech companies in the markets today include:  Esports Technologies (NASDAQ: EBET), Skillz (NYSE: SKLZ), Super League Gaming (NASDAQ: SLGG), Elys Game Technology, Corp. (NASDAQ: ELYS), Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG).

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

Esports Technologies CEO Aaron Speach to Participate in Fireside Chat at Needham Consumer Tech/E-Commerce Conference on November 22, 2021

Thursday, October 14, 2021 - 1:29pm

LAS VEGAS, Oct. 14, 2021 /PRNewswire/ -- Esports Technologies, Inc. (Nasdaq: EBET), a leading global provider of advanced esports wagering products and technologies, announced today that CEO Aaron Speach will participate in a fireside chat at Needham & Company's 1st Annual Consumer Tech/E-Commerce Virtual Conference on November 22, 2021.

Key Points: 
  • LAS VEGAS, Oct. 14, 2021 /PRNewswire/ -- Esports Technologies, Inc. (Nasdaq: EBET), a leading global provider of advanced esports wagering products and technologies, announced today that CEO Aaron Speach will participate in a fireside chat at Needham & Company's 1st Annual Consumer Tech/E-Commerce Virtual Conference on November 22, 2021.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.
  • "Needham & Company's Consumer Tech/E-Commerce Conference is a unique opportunity to tell investors about major developments at Esports Technologies," said CEO Aaron Speach.
  • Esports Technologies is one of the leading global providers of esports product, platform and marketing solutions.

Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on November 4

Monday, October 11, 2021 - 3:00pm

Penn National Gaming, Inc. (Nasdaq: PENN) announced today that it will release its 2021 third quarter financial results at 7:00 a.m.

Key Points: 
  • Penn National Gaming, Inc. (Nasdaq: PENN) announced today that it will release its 2021 third quarter financial results at 7:00 a.m.
  • ET on Thursday, November 4, 2021 followed by a conference call and simultaneous webcast at 9:00 a.m.
  • The conference call number is 212/231-2938; please call five minutes in advance to ensure that you are connected prior to the presentation.
  • Further, on August 5, 2021, Penn National announced the acquisition of Score Media and Gaming, creating North Americas leading digital sports content, gaming and technology company.

Evolution launches new dedicated US live online casino studio for Penn National

Thursday, October 7, 2021 - 8:39am

STOCKHOLM, Oct. 7, 2021 /PRNewswire/ -- Evolution today announced the launch of a custom, dedicated live online casino studio in New Jersey for Penn Interactive, a wholly owned subsidiary of Penn National Gaming, Inc.

Key Points: 
  • STOCKHOLM, Oct. 7, 2021 /PRNewswire/ -- Evolution today announced the launch of a custom, dedicated live online casino studio in New Jersey for Penn Interactive, a wholly owned subsidiary of Penn National Gaming, Inc.
  • The new dedicated area, fully branded as `Barstool Sportsbook & Casino', is located within Evolution's live casino production studio in New Jersey.
  • The development of a dedicated Live Casino studio is the latest expansion of Evolution services for Penn Interactive's Barstool brand across the regulated US gambling market.
  • It follows the launch of Barstool live casino services from Evolution's live casino studios in Michigan, New Jersey and Pennsylvania.

Bettor Capital Announces Initial Closing of Real-Money Online Gaming Investment Fund

Wednesday, October 6, 2021 - 4:00pm

Bettor Capital, an investment platform focused on the real money online gaming market opportunity, announced the initial closing of its Fund I.

Key Points: 
  • Bettor Capital, an investment platform focused on the real money online gaming market opportunity, announced the initial closing of its Fund I.
  • The Fund will be focused on early-stage investment opportunities in software and technology facilitating real money online gaming operations, with a primary focus on the North American market.
  • We are excited to announce the initial closing of our Fund dedicated to investing in this space, said VanEgmond.
  • To support the ongoing activities of the fund, Bettor Capital is excited to announced that it has formally established a group of Fund Advisors.

Optimove Raises $75 Million to Help Brands Deliver AI-Mapped Customer Journeys and Personalization at Scale

Monday, September 27, 2021 - 1:30pm

Unlike more traditional solutions that rely on common, rule-based orchestration, Optimove places customer data at its core, layering advanced AI-based campaign orchestration on top.

Key Points: 
  • Unlike more traditional solutions that rely on common, rule-based orchestration, Optimove places customer data at its core, layering advanced AI-based campaign orchestration on top.
  • Now, more than ever, brands understand the urgency to invest in existing customers to drive growth, said Optimove Founder and CEO, Pini Yakuel.
  • We built Optimove to address the challenges brands face when attempting to deliver personalization at scale.
  • Optimove is used by leading brands including Dollar Shave Club, Entain, Papa John's, Penn National, and Staples, to maximize customer loyalty, retention, and lifetime value.

Showing No Signs of Slowing Down, Global Online Gambling Market Expected To Reach A Total Market Size Of $66 Billion In 2025

Tuesday, September 21, 2021 - 1:30pm

According to Google Trends, gambling has moved online amid the closure of physical gambling venues coupled with cancellation of various sports events and tournaments.

Key Points: 
  • According to Google Trends, gambling has moved online amid the closure of physical gambling venues coupled with cancellation of various sports events and tournaments.
  • The report projected that the global online gambling market, which was valued at US$44.317 billion in 2019, is expected to grow at a CAGR of 7.13% over the forecast period to reach a total market size of US$66.994 billion in 2025.
  • ResearchAndMarkets continued saying, "Growing popularity of betting across different regions around the globe is significantly driving the global online gambling market.
  • Moreover, proliferation of sports betting along with other online gambling ads is further attracting people to try online gambling, thus positively impacting the market growth during the forecast period."

Showing No Signs of Slowing Down, Global Online Gambling Market Expected To Reach A Total Market Size Of $66 Billion In 2025

Tuesday, September 21, 2021 - 1:30pm

PALM BEACH,  Fla., Sept. 21, 2021 /PRNewswire/ -- The Global Online Gambling Market is another survivor that thrived in during the COVID-19 pandemic. The recent COVID-19 pandemic has led to a sudden rise in the revenues of online gambling service providers, thus positively impacting the overall market growth. According to Google Trends, gambling has moved online amid the closure of physical gambling venues coupled with cancellation of various sports events and tournaments. According to ResearchAndMarkets, the figures show that the online gambling has emerged as one of the biggest winners during the shutdown alongside services such as online retail, food delivery, and subscription services. The report also said, "Increasing number of cost-effective mobile applications to play different online gambling games on smartphones is also contributing to the market growth of online gambling worldwide. Ease of sports betting using a portable connected device such as smartphone, laptop, and tablet has increased the number of players in the online gambling industry. The report projected that the global online gambling market, which was valued at US$44.317 billion in 2019, is expected to grow at a CAGR of 7.13% over the forecast period to reach a total market size of US$66.994 billion in 2025.  Active gaming and tech companies in the markets today include: Esports Technologies (NASDAQ: EBET), NeoGames S.A., (NASDAQ: NGMS), Score Media and Gaming Inc. (NASDAQ: SCR) (TSX: SCR), Boyd Gaming Corporation (NYSE: BYD), Penn National Gaming, Inc. (NASDAQ: PENN).

Key Points: 
  • According to Google Trends, gambling has moved online amid the closure of physical gambling venues coupled with cancellation of various sports events and tournaments.
  • The report projected that the global online gambling market, which was valued at US$44.317 billion in 2019, is expected to grow at a CAGR of 7.13% over the forecast period to reach a total market size of US$66.994 billion in 2025.
  • ResearchAndMarkets continued saying, "Growing popularity of betting across different regions around the globe is significantly driving the global online gambling market.
  • Moreover, proliferation of sports betting along with other online gambling ads is further attracting people to try online gambling, thus positively impacting the market growth during the forecast period."