Gaming Americas Weekly Recap – May 2-8 European Gaming Industry News

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Welcome back to our weekly roundup of US gambling news! Here, we review weekly highlights from the US gaming industry that include the latest news, new partnerships and new appointments. Read on and be updated.

Latest news

Light and Wonder Inc. announced that the company has completed the previously announced legal entity name change from Scientific Games Corporation to Light & Wonder Inc as part of its recently announced rebranding following the sale of its lottery business.

Beach Point Capital Management LP announced a $30 million private credit investment in GAN Limited, a leading full-service Internet gaming software provider.

Entertainment of Kings announced that the company’s common shares have begun trading on the OTCQB market under the symbol “JKPTF”. Common shares of Kings Entertainment will also continue to trade on the Canadian Securities Exchange (CSE) under the symbol “JKPT”.

Brazilian Senate has passed a cryptocurrency bill that aims to provide more clarity and protect users from different cryptocurrency-related scams that have occurred in the country. The project will now go to the Chamber of Deputies, which will be responsible for debating and approving or rejecting this new project.

the Massachusetts Senate passed a bill that would allow legal sports betting – but with a ban on many forms of marketing – in the state. The chamber considered Senate Bill 2844, which added a clause to the general laws of Massachusetts clarifying that sports betting, whether online or land-based, was not a form of illegal gambling.

aristocrat game opened a new manufacturing facility in Henderson, Nevada. Henderson Mayor Debra March joined hundreds of Team Aristocrat members for the groundbreaking celebration.

International Game Technology PLC (IGT) announced that it has become the first US gaming industry provider to receive Responsible Gaming Accreditation from the Global Gambling Guidance Group (G4) for its sports betting operations.

Governor of Maine Janet Mills signed a bill that would allow both retail and tribal-run online sports betting. LD 585 would allow the four Native American tribes in the state to apply for a license to operate online sportsbooks.

Ainsworth gaming technology successfully installed its award-winning Historic Horse Racing (HHR) system and 100 machines at The Brook in Seabrook, NH. This is the first time HHR machines have been used in the newly opened New Hampshire market.

the Michigan Gaming Control Commission (MGCB) has announced the addition of Fantasy Contest Operator License Applications to its official website. The agency can now issue two types of licenses.

FlowPlay announced the launch of a new in-game fundraising campaign to benefit the American Cancer Society (ACS).

Partnerships

FanDuel Group announced a multi-year partnership renewal to become an Official Sports Betting Partner of the New York Yankees.

playAWARDS added experiential entertainment brand Lighthouse Immersive to its growing portfolio of reward partners.

new appointment

FanDuel Group appointed David Jennings as Chief Financial Officer. Jennings will be responsible for overseeing all of FanDuel’s financial functions including FP&A, strategy, accounting, purchasing, tax and treasury in support of sports betting, casino, racing, Daily Fantasy, retail retail and corporate.

New acquisition

Playmaker Capital Inc. acquired The Sports Drop, a US-based sports media company that focuses on NFL, NBA, MLB and college sports coverage.

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