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Scientific Games Announces Acquisition of Don Best Sports

George Miller

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Scientific Games Announces Acquisition of Don Best Sports
Reading Time: 4 minutes

 

Leveraging Don Best’s leading global, real-time sports betting data adds to SG’s unrivaled one-stop shop sports betting solution

 

Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announced today that it has entered into an agreement to acquire Don Best Sports Corporation and DBS Canada Corporation (together, “Don Best”), a leading global supplier of real-time betting data and pricing for North American sporting events. The deal will expand Scientific Games’ B2B sports betting offerings and add powerful new capabilities to the company’s one-stop shop for sportsbook solutions.

Don Best’s trading platforms and expertise, combined with Scientific Games’ global leading OpenBet™ platform, further enhance Scientific Games’ world-class sports betting solution for the expanding U.S. market and beyond. Subject to customary conditions to closing, the deal is estimated to close in the fourth quarter of 2018.

A trusted provider and recognized industry brand, Don Best boasts more than 20 years of experience in the sports betting space. Their expertise enables them to determine proper betting lines, track more than 100 worldwide sportsbook operators and provide tailored content solutions to meet the needs of sportsbook operators. Upon closing of the acquisition, Don Best will become part of Scientific Games’ SG Digital division. The combination will bring top-tier European sportsbook operating experience together with the leading U.S. sports trading, data and pricing platform. The Don Best team, in tandem with SG Digital’s recently announced Sportsbook Operations team, will also power growth for the Company’s customers worldwide by smoothly combining day-to-day sportsbook logistics with state-of-the-art trading technology.

Barry Cottle, President and Chief Executive Officer of Scientific Games, emphasizes the positive impact of the announcement of the upcoming acquisition: “When it comes to sports betting, we’ve been moving at incredible speed, and the Don Best acquisition will add to our unrivaled B2B one-stop shop sports betting solution, already live in Delaware, New Jersey and Mississippi. As the leading global supplier of real-time betting data and pricing for the North American sports market, Don Best will bring their unparalleled proprietary pricing services to Scientific Games. As sports betting rapidly gains popularity in the U.S., we’re ready to help our customers capitalize on the new U.S. market while solidifying our long-held leading global position.”

Keith O’Loughlin, SVP Sportsbook for SG Digital, said, “The impending acquisition of Don Best will be a huge win for us and all of our stakeholders. Don Best already seamlessly integrates into our OpenBet platform, so they will be able to hit the ground running and guide our customers through the process of launching a sportsbook after the deal closes. Moreover, upon completion of the acquisition, our customers will immediately benefit from their expertise and firm grip on real-time trading and the data that drives it. With Don Best’s talented employee-base on board, we’ll use our global platforms and services to harness customer input and tailor our technology locally to meet their needs. This opportunity will enhance our market position in the U.S. while ramping up our partner relationships in more tested jurisdictions. It’s a true win-win.”

© 2018 Scientific Games Corporation.  All Rights Reserved.

 

About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is the global leader in technology-based gaming systems, table games, table products and instant games and a leader in products, services and content for gaming, lottery and interactive gaming markets. Scientific Games delivers what customers and players value most: trusted security, creative content, operating efficiencies and innovative technology. Today, we offer customers a fully integrated portfolio of technology platforms, robust systems, engaging content and unrivaled professional services.

 

Forward-Looking Statements
This press release includes “forward-looking statements” and “forward-looking information” (collectively “forward looking statements”) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “estimate,” “should,” “could,” “potential,” “opportunity,” or similar terminology. These statements are based upon management’s current expectations, beliefs, assumptions and estimates and are not guarantees of timing, future results or performance. Similarly, statements herein that describe the proposed transaction, including its financial impact, and other statements of management’s expectations, beliefs, assumptions, estimates and goals regarding the proposed transaction are forward-looking statements. It is uncertain whether any of the events or results anticipated by the forward-looking statements (including consummation of the proposed transaction) will transpire or occur, or if any of them do, what impact they will have on Scientific Games. These forward-looking statements involve certain risks and uncertainties and other factors that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: uncertainties as to the timing of the consummation of the proposed transaction and the ability of the parties to consummate the proposed transaction; the satisfaction of the conditions precedent to consummation of the proposed transaction; responses to the proposed transaction; unexpected costs, charges or expenses resulting from the proposed transaction; the ability of Scientific Games to integrate Don Best’s business; the ability of Scientific Games to implement its plans and other expectations with respect to Don Best’s business after the completion of the transaction; and the other risks, uncertainties and important factors contained and identified (including under the heading “Risk Factors”) in Scientific Games’ filings with the Securities and Exchange Commission, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and, except for Scientific Games’ ongoing obligations under applicable securities laws, Scientific Games undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

 

Source: Scientific Games Corporation

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Canada

Great Canadian Gaming to Report First Quarter 2019 Results on May 6

George Miller

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Great Canadian Gaming to Report First Quarter 2019 Results on May 6
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Great Canadian Gaming Corporation announced that it will release its financial results for the three month period ended March 31, 2019 (the “first quarter”) before market open on May 6, 2019.  The Company will also host a conference call on that date at 8:00 AM Pacific Time, at which time management will both review the financial results and discuss the progress of the business.  The following senior management will be available to answer questions from analysts and institutional investors:

  • Mr. Rod N. Baker, President & Chief Executive Officer
  • Mr. Terrance Doyle, President, Strategic Growth & Chief Compliance Officer

The first quarter 2019 results press release, condensed interim consolidated financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, on May 6, 2019 after 6:00 AM Pacific Time.  This information will also be available on www.sedar.com shortly afterwards.

The conference call may be accessed via the Investor Relations section of the Company’s website, www.gcgaming.com.  The conference call may also be accessed by dialing 416-764-8688, 778-383-7413 or toll free at 1-888-390-0546.  Questions will be reserved for analysts and institutional investors.  Following completion of the call, a replay will be available via the Company’s website, www.gcgaming.com.

Following the conference call, shareholders are welcome to join our Annual General and Special Meeting at 10:00 AM Pacific Time located at the River Rock Casino Resort, 8811 River Road, Richmond, British Columbia, Canada.

 

ABOUT GREAT CANADIAN GAMING CORPORATION:

Founded in 1982, Great Canadian Gaming Corporation is a BC based company that operates 28 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State. Fundamental to the Company’s culture is its commitment to social responsibility. “PROUD of our people, our business, our community” is Great Canadian’s brand that unifies the Company’s community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2.5 million in our communities, and in 2017, over 1,900 charitable organizations were supported by Great Canadian. In each Canadian gaming jurisdiction, a significant portion of gross gaming revenue from gaming facilities is retained by our crown partners on behalf of their provincial government for the purpose of supporting programs like healthcare, education and social services.

 

Source: Great Canadian Gaming Corporation

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Canada

SheIS Partners with Lazarus Esports

Niji Narayan

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SheIS Partners with Lazarus Esports
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Lazarus Esports, a Canadian multigaming esports organisation, has joined forces with SheIS, a not-for-profit group, to shine a spotlight on women’s esports.

“It’s like the Winnie the Pooh and Piglet in a windstorm trying to hold the umbrella down, because it’s taken off so phenomenally,” Brenda Andress, the president and founder of SheIS said.

The SheIS Collective includes the National Women’s Soccer League, WNBA and other women’s leagues as well as the United States Tennis Association, Rugby Canada and Baseball Canada, among other organisations. They meet to find ways to celebrate women’s sports and athletes and share each other’s accomplishments.

Many may wonder why men and women do not just play in the same league. The NBA 2K League took a step forward when Chicago’s Chiquita Evans became the league’s first female pro, drafted in the fourth round by Warriors Gaming, which is operated by the Golden State Warriors.

Female gamers have also competed alongside men in the past in the Call of Duty and other leagues, Tidal Games CEO Charlie Watson said.

“There’s still a lot of work to be done in the industry to merge men and women, co-ed, on the same teams,” he added.

But he believes it is just a matter of time before “those two worlds … collide” and more co-ed teams emerge.

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Canada

Government to Establish a Competitive Market for Online Gambling Industry in Ontario

Niji Narayan

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Government to Establish a Competitive Market for Online Gambling Industry in Ontario
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Ontario’s conservative government has presented its 2019 provincial budget, which details the plans to end the current online gambling monopoly. The budget includes the government’s wish to establish a competitive market for the online gambling industry which includes casino-style gaming and sports betting. The Ontario Lottery and Gaming Corporation (OLGC) is currently the only operator that can offer iGaming through the playOGA.ca website.

Gary Bettman, commissioner of the National Hockey League (NHL), said that he supports the government’s initiative. “There are two NHL franchises in Ontario and two right on the border with the US. [Therefore] Ontario is a very important market for the NHL,” Bettman said. “Accordingly, the NHL does not object to the Province of Ontario’s initiative to offer single event wagering when it is permitted.”

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