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.
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.
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.
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.
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.
Marking the end of COVID-19-led casino closure, dice rolled and slot machines jingled for the first guests who started gambling again on Thursday, June 4th, in Las Vegas and all the way through Nevada.
The Meadows Racetrack & Casino, a state-of-the-art racing track and slot machine casino in the North Strabane Township, will reopen its doors to entertainment enthusiasts on coming Tuesday, June 9th.
Land-based and mobile sports betting services will continue to entertain gamers in Rhode Island as a local psychiatrist’s legal attempt to get the controversial services declared as unconstitutional has failed.
Paradise, Nevada-based gaming giant Boyd Gaming Corporation has notified workers of possible layoffs, declaring that that job cuts could reach 60 percent at some of its properties.
The Nevada Gaming Control Board (NGCB) on Saturday released its casino gaming revenue report for the month of April, showing that the Silver State’s casino revenue slipped to lowest on record due to corona virus pandemic.