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Gambling in the USA

MGM Resorts to Pay Las Vegas Massacre Victims up to $800 Million

Niji Narayan

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MGM Resorts to Pay Las Vegas Massacre Victims up to $800 Million
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Victims of the 2017 Las Vegas massacre have reached a settlement of at least $735 million with MGM Resorts. MGM said that the size of the agreement is expected to total up to $800 million, depending on the number of complainants who wish to seek the funds.

The settlement comes just after the second anniversary of the deadliest mass shooting in modern American history, which left 59 dead, including the gunman and wounded about 500 people. MGM owns the Mandalay Bay resort and casino where the shooter targeted people attending a country music festival from his hotel room.

“MGM Resorts is a valued member of the Las Vegas community and this settlement represents good corporate citizenship on their part. We believe that the terms of this settlement represent the best outcome for our clients and will provide the greatest good for those impacted by these events,” Robert Eglet, the lawyer representing the victims said.

Gambling in the USA

Betfred Appoints Bryan Bennett as US Operations Lead

Niji Narayan

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Betfred Appoints Bryan Bennett as US Operations Lead
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Betfred has appointed Bryan Bennett as the Chief Operating Officer for their US operations. Bennett will oversee Betfred’s US operations of on-premise, online and mobile wagering and its full suite of managed products.

“After a thorough process we have appointed Bryan Bennett as the Betfred Sports US Chief Operating Officer. Bryan has a wealth of experience and an exemplary track record. He shares our vision for our US operation and this appointment will help us achieve our goals in this exciting new market,” Mark Stebbings, Chief Operating Officer of Betfred Group said.

Prior to joining Betfred, Bryan Bennett was Senior Vice President of Interactive at AGS. Bennett joined AGS in 2015 in the AGS/RocketPlay acquisition, where Bennett was a co-founder of the social gaming company.

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Gambling in the USA

Aristocrat’s “One Link Bonusing” Now Available in Nevada

Niji Narayan

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Aristocrat’s “One Link Bonusing” Now Available in Nevada
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Aristocrat has successfully completed the 30-day field trial of its ONE LINK Bonusing solution in Nevada. Casino operators across Nevada can now offer their players increased levels of engagement and excitement with the approval of enhanced and expanded features within Aristocrat’s ONE LINK Bonusing solution.

Aristocrat’s ONE LINK is available to operators regardless of whether or not they own Aristocrat’s Oasis 360 system solution, allowing operators across Nevada to bring this innovative solution to their players.

“Oasis ONE LINK Bonusing features help casino partners further increase fun and excitement on the floor. It is one more way that Aristocrat is creating industry-leading solutions with the customer experience in mind,” Thomas Castleberry, Aristocrat’s VP of Systems Strategic Initiatives said.

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Gambling in the USA

GAN Appoints B. Riley FBR to Lead U.S. Listing

Niji Narayan

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GAN Appoints B. Riley FBR to Lead U.S. Listing
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GAN plc has appointed B. Riley FBR, a subsidiary of B. Riley Financial Inc., as its lead banking adviser.

This key appointment is made by the company in pursuit of its stated equity capital markets strategy of making GAN’s equity readily available to the U.S. investor community, to improve liquidity and maximise shareholder value.

The Company’s Board of Directors selected B. Riley FBR based on its demonstrated capital markets track record working with emerging U.S. public companies in the technology sector, including Software-as-a-Service vendors.

“We are excited to appoint one of the leading financial advisory firms in the United States to support GAN through the next few months, with the shared objective of obtaining a U.S. listing as soon as reasonably practical. This is the first visible evidence of a process which is already substantially underway, and we look forward to updating the market when appropriate and in line with our continuing compliance obligations,” Dermot Smurfit, CEO of GAN said.

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