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Endeavor to Sell OpenBet and IMG Arena in $450M Deal

Endeavor is selling OpenBet and IMG Arena to OB Global Holdings LLC in a blockbuster $450 million deal. It's a big move that shows the challenges, and promise, of US-facing sports betting properties. The OpenBet deal is a management buyout that's backed by Ariel Emanuel with the participation of OpenBet CEO Jordan Levin. A management…

BGC Launches Handbook for Regulated Operators

The Betting and Gaming Council (BGC) is launching a Code Handbook for operators that includes 20 codes and 100 measures aimed at creating a safer environment for players. Released as part of the BGC's fifth anniversary, the Handbook brings together every voluntary measure the group's members commit to in their efforts to raise standards industry…

NBA Boss Reflects on Sports Betting Support

It’s been almost ten years since NBA Commissioner Adam Silver broke with professional sport dogma by supporting the legalization of sports betting in the United States. Silver voiced that support in a New York Times editorial titled, Legalize and Regulate Sports Betting, that is still considered one of the tipping points in changing public opinion…

Wynn Resorts Bags First UAE Casino License

Being first-to-market in an emerging market is a huge advantage in any industry, but it’s especially advantageous in the land-based casino business. That’s why the recent news that Wynn Resorts has been named the first recipient of a United Arab Emirates (UAE) casino license by the country’s General Commercial Gaming Regulatory Authority (GCGRA). The news…