Online Casinos

SportsMap Tech IPO garners $115M as company prepares to find suitable merger partner

SportsMap Tech Acquisition Corporation, a NASDAQ-listed special purpose acquisition company (SPAC), has announced that it has raised $115 million in its recently closed initial public offering (IPO). Owned by SportsMap Radio, the blank-check company announced the funds fetched by the IPO as it is making preparations to find a suitable merger partner/s. Most of the industry experts are of the view that the blank-check company could pursue a media deal sooner than later.

iGaming space expected to see more mergers and acquisitions in coming years

The year of 2021 saw a number of mergers and acquisitions in the gaming industry, and it is expected to continue with iGaming likely to be an epicenter of consolidation. Over the past few years, sports betting grabbed plenty of attention, and this segment of the gaming attracted a lot of takeover activity.

National Bank of Ukraine unveils illegal betting payments processed by Leo payment system

The National Bank of Ukraine conducted an audit of the financial company FC Leogaming Pay LLC for 2019 and 2020, which owns the brand of the international payment system Leo, a non-bank financial institution licensed by the National Bank of Ukraine to transfer funds in national currency without opening accounts. According to the regulator, the company does not provide the NBU with reliable information on all financial transactions.

Impact of COVID-19 on Casino Industry and Online Casinos

Online casino and sports betting was getting popular even before COVID-19 pandemic but as the situation around the world evolves, the casino industry will see a major shift in future. COVID-19 lockdowns announced in March 2020 have been lifted but the lockdowns have left a permanent impact on people. The current generation would have never thought that there could be such severe lockdowns and almost complete ban on international travel.

Pragmatic Play’s newly released Ultra Burn online Slot Game brings fiery experience to players

Gaming content provider Pragmatic Play Limited’s newly released online slot game Ultra Burn brings a really fiery experience to players, complete with flames in the backdrop and fruits on the grid.