https://docs.brainycp.io/api.php?action=feedcontributions&feedformat=atom&user=ShayU116083264 2026-05-18T17:02:21Z User contributions MediaWiki 1.27.1 https://docs.brainycp.io/index.php?title=Endeavor_To_Buy_Sports_Betting_Unit_From_Scientific_Games_For_1.2_Bln&diff=316134 2022-02-01T13:14:08Z

<p>ShayU116083264: </p> <hr /> <div>&lt;br&gt;By Krystal Hu and Niket Nishant&lt;br&gt; &lt;br&gt;Sept 27 (Reuters) - Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will [https://www.thesaurus.com/browse/acquire acquire] sports betting business OpenBet from Scientific Games Corp for $1.2 billion in cash and stock, the companies said on Monday.&lt;br&gt; &lt;br&gt;Endeavor, whose shares were up nearly 10% in extended trading, said the acquisition will strengthen its position in the sports betting industry.&lt;br&gt; &lt;br&gt;The company said it plans to combine OpenBet, a sportsbook and gaming software, with its existing sports betting business IMG ARENA.&lt;br&gt; &lt;br&gt;The deal comes at a time when the online gambling space has been witnessing frenetic dealmaking as more states in the United States are expected to legalize the industry.&lt;br&gt; &lt;br&gt;Last week, British gambling firm Entain said it had received a takeover proposal from U.S.&lt;br&gt;&lt;br&gt;fantasy sports betting company DraftKings, valuing it at $22.4 billion.&lt;br&gt; &lt;br&gt;Demand for Here's more regarding slot gacor ([http://1000y2s.com/home.php?mod=space&amp;uid=10654&amp;do=profile&amp;from=space please click the next internet page]) review the web site. online betting has boomed during the pandemic as customers took to playing from home when casinos and betting shops were off-limits.&lt;br&gt; &lt;br&gt;The OpenBet deal, which is expected to close in the second quarter of 2022, will be financed through $1 billion in cash and $200 million worth of Endeavor's Class A common stock, the companies said.&lt;br&gt; &lt;br&gt;Las Vegas-based Scientific Games, known as a major slot machine maker, had previously announced its plan to divest its lottery and sports-betting businesses to deleverage and pivot to a gaming and digital content provider.&lt;br&gt; &lt;br&gt;&quot;Through the transaction, we would be able to get the ability to have a healthy balance sheet and dry powder to really lean in on games,&quot; Scientific Games Chief [https://pixabay.com/images/search/Executive%20Officer/ Executive Officer] Barry Cottle said in an interview with Reuters on Monday.&lt;br&gt; &lt;br&gt;Oakvale Capital and Macquarie Capital advised Scientific Games on the deal, while Raine Group acted as the financial adviser to Endeavor.&lt;br&gt;&lt;br&gt;(Reporting by Niket Nishant in Bengaluru and Krystal Hu in New York; Editing by Shounak Dasgupta, Vinay Dwivedi and Sherry Jacob-Phillips)&lt;br&gt;</div>

ShayU116083264 https://docs.brainycp.io/index.php?title=User:ShayU116083264&diff=316132 2022-02-01T13:13:59Z

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