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GiG cuts losses as revenue climbs 34.8% in 2020

GiG cuts losses as revenue climbs 34.8% in 2020
igamingbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from igamingbusiness.com Daily Mail and Mail on Sunday newspapers.

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Legalization Efforts Prompt the Rise of New Sports Gambling Options

Legalization Efforts Prompt the Rise of New Sports Gambling Options
Feb 15, 2021 3:40 PM ET
Legal Newswire POWERED BY LAW.COM
More states are now introducing proposals and bills to further expand sports betting under new regulations, making online sports betting legal or removing certain restrictions. As the legal system slowly becomes more friendly towards online sports betting, states around the country turn towards the young and popular industry as a means for generating stronger tax revenue and improve budgets. For example, last year the progress made in Illinois in regards to online sports betting vastly expanded the mobile wagering options available to the state s 12.7 million residents, helping the state to generate millions. According to data from Odds.com, which was published by Forbes, Illinois was poised to generate upwards of USD 73 Million in taxable revenue if the estimates of a USD 488 Million annual market come to fruition. The 15% tax impose ....

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ALTAMIR: Robust business activity, despite the public health crisis

ALTAMIR: Robust business activity, despite the public health crisis
Paris, 4 February 2021 - Following an exceptional 2019, Altamir still had a strong year in 2020, in terms of both investment and divestment. In the context of the Covid-19 public health crisis, the private equity market was for the most part resilient, enabling the Apax France X and Apax X LP funds to continue deploying their capital, in particular in the second half. Divestment activity remained on a positive trend, with a particularly significant uplift of more than 20% over all divestments.
On 29 January 2021, Apax Partners LLP announced the successful closing of the Apax X LP fund, to which Altamir Gérance had initially decided to allocate €180m. The final size of the fund is more than $11bn and the Management Company decided to increase Altamir s commitment to €200m. ....

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An Updated Legal Structure Helps Expand Online Betting Options

An Updated Legal Structure Helps Expand Online Betting Options
FinancialBuzz.com News Commentary
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NEW YORK, Feb. 3, 2021 /PRNewswire/ Two major segments of the online gambling industry are online gaming (i-gaming) and sports betting. Both have proved to be a pandemic proof segment. The sports betting segment in particular has benefited from a continuously improving and friendlier legal infrastructure. For example, a report by the Chicago Sun-Times indicated that New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, spending almost USD 668 Million in August on events including resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak. As a result of the evident spike in demand, Morgan Stanley reported that it now projects that the domestic sports betting industry will reach revenues of about USD 7 Billion by 2025, a major increase from the USD 5 Billion ....

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Why dMY Technology II Stock Popped Today

The sports-betting data provider gets a bullish initiation from Craig-Hallum. ....

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