Director of trading, Pinnacle
The current surge in eSports viewership and betting is unlikely to be sustainable once sporting events return to normal post the Covid-19 pandemic, according to leading industry figures participating in Asia Gaming Brief’s recent webinar.
eSports global revenue for 2017 was estimated to be US$696 million and is expected to more than double to US$1.5 billion by 2020, with the Asia Pacific heading growth, according to Newzoo, a market intelligence firm. Asia Pacific accounted for 51 percent of global eSport enthusiasts in 2017. “It seems like its growth is never […]
Penn National Gaming said it will buy Pinnacle Entertainment for $2.8 billion in a cash and stock transaction to diversify geographically and to cut costs. Under the deal, Pinnacle shareholders will receive $20 in cash and 0.42 of a Penn National share for each Pinnacle share owned, implying a total cost of $32.47 a share, […]
Kiron Interactive has agreed to make its online bet management platform, Betman online, available to online operator Pinnacle. Kiron’s full gaming portfolio will be at the disposal of Pinnacle customers, including its diverse catalogue of virtual sports titles. “Pinnacle is one of the industry’s fastest-growing and most highly-regarded operators, making them the perfect partner with […]
Yggdrasil Gaming has agreed a deal to provide its award-winning content and promotional tools to leading operator Pinnacle. The agreement with Pinnacle, one of online gaming’s most established brands, will see popular Yggdrasil titles including Jungle Books and Pumpkin Smash made available to its customers for the first time. To support and promote Yggdrasil slots, […]
Next week Olympia Conference Centre will open its doors to more than 1,200 high-level delegates, including representatives of more than 120 operators, 80 high-level affiliates and hundreds of the most prominent industry suppliers and service providers. More than 180 speakers will feature across eight main conference tracks across September 13-14 – Leaders in Betting, Betting […]
U.S. regional casinos, which focus on stable slot play, have been more insulated from economic pressures than their Macau rivals, according to Bloomberg Intelligence. The revenue stability explains why U.S.-focused casino stocks outperformed their Macau-focused peers, a result of the adverse effect of weak Asia-sourced table-game revenue. U.S.-focused casinos, including Boyd Gaming, Penn National and […]
Pinnacle Entertainment confirmed it’s engaged in “productive discussions” with Gaming and Leisure Properties regarding the potential sale of its real estate assets. “Pinnacle’s Board and management team are committed to maximizing value for the benefit of Pinnacle shareholders,” it said in a release, adding there can be no assurance of a successful outcome. GLPI has […]
Vietnam’s slow-moving legislative process, combined with the burden of the existing regulations, means the country’s full potential as a gaming destination won’t be reached until the next decade at the earliest, industry experts say. Although there has been a lot of speculation that there will be some relaxation of these rules, it now doesn’t look likely to happen for some time to come.