Bloomberry Resorts Corp Ends Dispute with GGAM by Signing US$300m Settlement Agreement
Bloomberry Resorts Corporation, owner of Solaire Resort, revealed that it has managed to reach a settlement agreement in its 10-year legal dispute with previous ally Global Gaming Asset Management (GGAM) Philippines LLC, according to Inside Asian Gaming.
Terms of the settlement agreement:
According to the terms of the settlement, the firm has reportedly consented to purchase back 921,184,056 shares in the firm owned by GGAM through a Special Book Sale at an acquisition cost of Php18.32 per share, equivalent to an overall acquisition cost of US$300m. As for the agreement, it is conditional on the Regional Trial Court in Makati raising the preliminary injunction and seizure order on the shares of the GGAM, and the Philippine Depository and Trust Corp raising all limit…
Gauselmann Group receives German approval for its Merkur-Spiel.de domain
In Germany and local gaming machines giant Gauselmann Group has announced that it has been granted a license to offer its collection of video slot games to local aficionados via the new domain at Merkur-Spiel.de.
The Espelkamp-headquartered firm used an official Friday press release to detail that the move means that it has become one of the first companies to be given permission to offer iGaming entertainment to punters in Germany. The company also explained that the certification from officials in the central state of Saxony-Anhalt was granted at the start of the month and allows aficionados to enjoy its titles nationwide under the tenets of the country’s New State Treaty on Gambling (GluNeuRStV).
Continual concentration:
Gauselmann Group stated that the developmen…
Impressive financial results for Evolution Gaming Group AB
Swedish iGaming innovator Evolution Gaming Group AB has released its second-quarter financial results showing that its operating revenues doubled year-on-year to reach almost €256.7 million ($302.1 million).
The Stockholm-listed firm used an official press release to explain that this striking increase led to its earnings before interest, tax, depreciation and amortization for the three months to the end of June rising by 115% year-on-year to about €174.7 million ($205.6 million) off of a corresponding margin that improved by 4.8% to hit 68%. The company moreover disclosed that all of this pushed its quarterly profit up by 105% to slightly beyond €144.4 million ($169.9 million) and helped its earnings per share surge by 75% to €0.68 ($0.80).
Prominent purchases:
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Xbox October Update Adds Keyboard Mapping And Easier Game-Capture Import Options
Change is on the way to Xbox consoles, as this month’s update will introduce keyboard mapping for select Xbox controllers, an easy way to import game captures from Xbox to edit in Clipchamp, and an experimental feature that’ll make it easier to jump into a game with your friends from your profile.
Keyboard mapping will be available for the Xbox Elite Wireless Controller Series 2 and the Xbox Adaptive Controller, allowing you to choose any button on your Elite Series 2 or port on your Xbox Adaptive Controller and remap it to your desired keyboard key.
An example of this in action would be mapping the left bumper to a keyboard letter or mapping modifier keys like Ctrl, Shift, Alt, and Win to a button, making it possible to perform actions like Ctrl + Shift + C with the press o…
Ohio sports betting delayed until January 2023
Sports betting is coming to Ohio, it’s just going to take a while. The Ohio Casino Control Commission recently announced that services will begin near January 1, 2023, the deadline lawmakers put into place last year.
A couple of lawmakers in the state have suggested that the industry could launch in October for NFL games and the World Series in baseball, but that is apparently not the case. In a meeting with the Commission last week, Executive Director Matt Schuler said it would take more time to finish the work needed to get the industry up and running.
Thousands of Anticipated License Applications
Jessica Franks, a spokeswoman for the commission, stated that the start date should be close to January of next year and thousands of license ap…
OpenBet Expands to Brazil via Major Partnership with Play7.Bet
One of the leading platforms and trading & risk, content, and services providers to the sports betting industry, partnered with the renowned Play7.Bet to expand to the Brazilian market.
Conquering the key market:
After the long wait for the legalization of sports betting in this key Latin American market, the company is among the first ones to expand to Brazil.
The experts expect Brazil to become one of the world’s biggest gambling markets. It is expected that the gross gaming revenues will go up to $6.4 billion a year, according to the data released …